From 6.79%
*Promotion Rate

About Choice Residential

Loan Purpose and Rate

Owner Occupied ≤$2,000,000
6.79% PI (LVR ≤ 85%)
Owner Occupied ≤$3,000,000
7.29% PI (LVR ≤ 80%)

Product Summary

Security typeResidential
Loan Amount$50,000 to $3,000,000
Maximum LVR95%
Loan TermUp to 30 years
Borrower TypeIndividuals, Company or Trust
Loan PurposeNew Purchase, Refinance, Construction and Cash Out
Repayment MethodDirect debit from nominated bank account/BPAY
Offset Facility100% Redraw Offset Facility Available
Interest structurePrincipal and Interest & Interest Only (Up to 5 years)
Owner Occupied ≤$2M (LVR ≤ 85%)6.79% P.A. (PI)
Owner Occupied ≤$3M (LVR ≤ 80%)7.29% P.A. (PI)
Application fee$0
Risk FeeRates varies depending on LVR (refer to product guide for details)
Interest Only Loading+ 0.4% P.A.
Investment Loading+ 0.3% P.A.
Construction LoadingWaived for standard owner occupied and investment loans

Document Checklist

Income Documents (PAYG)
Income Documents (Self-Employed)

Loan Calculator

Choice Residential Calculator

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* 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.