Choice Residential
From 5.69%
*Easy Refinance Promotion Rate
About Choice Residential
- Max LVR: 95%
- Max Loan Amount: $3,500,000
- Easy Refinance Available
- 100% Offset Facility Available
- Mobile App for Internet Banking and Debit Visa Card Available
- NDIS and Construction Available
Loan Purpose and Rate - Standard Residential
Owner Occupied ≤ $3,500,000
5.89% PI (LVR ≤ 70%)
- Interest rate from 5.89% P.A.
- Comparison rate from 6.37% P.A.
Investment ≤ $3,500,000
6.19% PI (LVR ≤ 70%)
- Interest rate from 6.19% P.A.
- Comparison rate from 6.66% P.A.
Loan Purpose and Rate - Prime Easy Refinance Special*
Owner Occupied ≤ $3,500,000
5.69% PI (LVR ≤ 70%)
- Interest rate from 5.69% P.A.
- Comparison rate from 6.17% P.A.
Investment ≤ $3,500,000
5.99% PI (LVR ≤ 70%)
- Interest rate from 5.99% P.A.
- Comparison rate from 6.47% P.A.
Product Summary
| Security type | Residential |
| Loan Amount | $50,000 to $3,500,000 |
| Maximum LVR | 95% |
| Loan Term | Up to 30 years (40 years available on application) |
| Borrower Type | Individuals, Company or Trust |
| Loan Purpose | New Purchase, Refinance, Construction and Cash Out |
| Repayment Method | Direct debit from nominated bank account / BPAY / Pay anyone |
| Repayment Options | Principal and Interest & Interest Only (Up to 5+5 Years) |
| Loan Splits | Able to split loan into more than one portion |
| Offset Facility | 100% Offset Facility Available |
| Redraw Facility | Available |
| Extra Repayments | Variable Rate: Unlimited / Fixed Rate: Up to $20,000 p.a. |
Document Checklist
Income Documents (PAYG)
- Latest 2 Payslips
- Latest 3 Months' Bank Statements
Income Documents (Self-Employed)
- Most recent 1 Year Company Tax Returns and Financial Statements
- Most recent 1 Year Personal Tax Returns and Notice of Assessment
- 2 Years Financials when LVR > 80%
- Accountant’s letter is required if NOA is not available
Loan Calculator
Choice Residential Calculator
Please click on the link to download the calculator for serviceability calculations.
* The comparison rate is based on a secured loan of $150,000 and a term of 25 years.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.