Choice Residential
From 5.44%
*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
5.54% PI (LVR ≤ 70%)
- Interest rate from 5.54% P.A.
- Comparison rate from 6.02% P.A.
Investment ≤ $3,500,000
5.84% PI (LVR ≤ 70%)
- Interest rate from 5.84% P.A.
- Comparison rate from 6.32% P.A.
Loan Purpose and Rate - Prime Easy Refinance Special*
Owner Occupied ≤ $3,500,000
5.44% PI (LVR ≤ 70%)
- Interest rate from 5.44% P.A.
- Comparison rate from 5.92% P.A.
Investment ≤ $3,500,000
5.74% PI (LVR ≤ 70%)
- Interest rate from 5.74% P.A.
- Comparison rate from 6.22% 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