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First Choice Home Loan

Simple home loans for PAYG and self-employed applicants. Perfect for refinancing or purchasing a home or investment property.

Starting from
6.99
%
pa.
Comparison rate
7.00
%
pa.

Key features of a First Choice Home Loan

  • Up to 90% LVR
  • PAYG & self-employed (full doc)
  • Debt consolidation
  • Cash out available (max $10,000)
  • Application fee – $950*
  • Discharge fee – $395
  • Valuation fee – at cost
  • Annual fee – $395
  • LMI – charged over 80% LVR
  • Internet transaction functionality
  • 3 years interest only available on investment properties
  • 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 – $1,500,000
  • Maximum LVR90% (LMI required for LVRs >80%)
  • Interest rate typeVariable interest rate
  • Payment typePrincipal and interest or interest only (max I/O period 3 years)
  • Payment frequencyMonthly, fortnightly or weekly
  • SecurityRegistered first 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 and First Business rates are correct as at 10 March 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.