HOME LOANS
First Choice Plus Home Loan
A fast and easy home loan for PAYG and self-employed borrowers with a more flexible approach to credit history and income.
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A good fit for
Borrowers with minor credit events
Looking to buy a home or invest in property, but have small defaults, late payments, or a few marks on their credit history.
Small business borrowers
SMEs with alternative income evidence who may not meet standard documentation requirements.
Refinancers
Looking to consolidate debt or refinance despite a few credit hiccups.
Features & benefits
- Up to 80% LVR
- Borrow up to $2,000,000
- Consolidate debt
- Cash out available
- No ongoing fees
- Internet transaction functionality
- Redraw available
- Principal & interest or up to 3 years interest only available on investment properties
Loan details
Loan purpose
Owner-occupied purchase, investment purchase, refinance
Loan term
Up to 30 years
Loan amount
$100,000 – $2,000,000
Maximum LVR
80%
Interest rate type
Variable interest rate
Payment type
Principal and Interest or interest only (max I/O period 3 years)
Payment frequency
Monthly, fortnightly or weekly
Security
Registered 1st mortgage over residential property (exclusions apply)
Security locations
Capital cities (some restrictions apply)
Redraw available
Available (minimum redraw $50,000)
Extra payments
Permitted (with no penalty)
Broker commissions
Up front (for new to organisation clients) – 0.65% of loan amount
Trail ( paid once > $3m in active loans held) – 0.15% pa (paid monthly)
Loan fees
Application fee
$950
Risk fee
0.65%
Valuation fee
At cost
Ongoing fees
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Discharge fee
$880
All First Choice, First Choice Plus, First Freedom, First Business 30, First Business 3 and First Business Jumbo rates are correct as of March 2025 and are subject to change at any time.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All Comparison Rates are calculated based on a secured loan of $250,000 over a 25 year term.
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Real examples of how we’ve helped brokers move loans from scenario to settlement.
