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First Choice Home Loan

A simple home loan for PAYG and self-employed borrowers. Perfect for refinancing or purchasing a home or investment property.

Starting from
6.99
%
pa.
Comparison rate
7.23
%
pa.

Key features of a First Choice Home Loan

  • Up to 90% LVR
  • PAYG & self-employed
  • No risk fees
  • Debt consolidation
  • Cash out available
  • Application fee – $950
  • Risk fee – nil
  • Valuation fee – at cost
  • Ongoing fees – $395 per annum
  • Discharge fee – $880
  • Internet transaction functionality
  • Redraw available

See how much you can borrow

BORROWING POWER CALCULATOR

Product Summary – First Choice Home Loan

  • Loan purposeOwner-occupied purchase, investment purchase, refinance
  • Loan termUp to 30 years
  • Loan amount$100,000 – $1,000,000
  • Maximum LVR90%
  • Interest rate typeVariable interest rate
  • Payment typePrincipal and Interest
  • Payment frequencyMonthly, fortnightly or weekly
  • SecurityRegistered 1st mortgage over residential property (exclusions apply)
  • Security locationsCapital cities
  • Extra paymentsPermitted (with no penalty)
  • RedrawAvailable (minimum redraw $50,000)

Talk to us about how a First Choice Home Loan can help you

All First Choice, First Choice Plus, First Freedom, First Business 30 and First Business 3 rates are correct as of June 2024 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.