Choice Residential
From 6.54%
*Promotion Rate
About Choice Residential
- Max LVR: 95%
- Max Loan Amount: $3,500,000
- Co-living and Multi Dwelling Available
- 100% Offset Facility Available
- Mobile App for Internet Banking and Debit Visa Card Available
- Available for NDIS and Construction
Loan Purpose and Rate - Standard Residential
Owner Occupied ≤ $2,000,000
6.54% PI (LVR ≤ 85%)
- Interest rate from 6.54% P.A.
- Comparison rate from 7.01% P.A.
Investment ≤ $2,000,000
6.84% PI (LVR ≤ 85%)
- Interest rate from 6.84% P.A.
- Comparison rate from 7.31% P.A.
Owner Occupied $2m - $3m
7.04% PI (LVR ≤ 80%)
- Interest rate from 7.04% P.A.
- Comparison rate from 7.50% P.A.
Investment $2m - $3m
7.34% PI (LVR ≤ 80%)
- Interest rate from 7.34% P.A.
- Comparison rate from 7.80% P.A.
Loan Purpose and Rate - NDIS/Co-living/Multi Dwelling
P & I ≤ $2,000,000
6.54% PI (LVR ≤ 70%)
- Interest rate from 6.54% P.A.
- Comparison rate from 7.09% P.A.
P & I ≤ $2,500,000
7.04% PI (LVR ≤ 70%)
- Interest rate from 7.04% P.A.
- Comparison rate from 7.59% P.A.
Product Summary
| Security type | Residential |
| Loan Amount | $50,000 to $3,500,000 |
| Maximum LVR | 95% |
| Loan Term | Up to 30 years |
| Borrower Type | Individuals, Company or Trust |
| Loan Purpose | New Purchase, Refinance, Construction and Cash Out |
| Repayment Method | Direct debit from nominated bank account/BPAY |
| Offset Facility | 100% Offset Facility Available |
| Interest structure | Principal and Interest & Interest Only (Up to 5 Years) |
| Application fee | $0 |
| Risk Fee | $0 for LVR under 80% |
| Interest Only Loading | + 0.4% P.A. |
| Investment Loading | + 0.3% P.A. |
| Construction Loading | Waived for standard owner occupied and investment loans |
Document Checklist
Income Documents (PAYG)
- Latest 2 Payslips
- Latest 3 Months' Bank Statements
Income Documents (Self-Employed)
- Last 2 Years Company Tax Returns and Financial Statements
- Last 2 Years Personal Tax Returns and Notice of Assessment
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.