Your home loan journey
Every home loan journey is different. To learn more about how People First Bank could help you with buying your first home, refinancing, or starting an investment journey, take a look at the options below.
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Home loans
Refinance with a home loan at a great rate
Replace an existing home loan with a new mortgage and reduce your home loan repayments.
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Home loans
What is home equity?
Your home equity could unlock new opportunities. Learn more about what equity is and how you can use it.
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Home loans
Investing in property
Build your wealth with property investment for capital growth, income and more. We can provide advice on the right strategy and loans to maximise your investment.
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Most popular questions
If you choose a variable rate home or investment loan, the interest rate can rise or fall depending upon the market and economic conditions. This can potentially impact your repayment amount. On a variable rate, you have the flexibility to make unlimited extra repayments without a fee applying, to pay down your loan sooner.
Choosing a fixed rate home or investment loan means you can lock your interest in at a set rate for one to five years. So if you think interest rates have hit rock bottom or that rates may rise, you can add certainty to your loan by fixing your repayments for a set period.
If you're still not sure about which option is right for you, we're happy to help you make the right decision. Call us on 13 11 82 or visit your nearest branch for more details.
No, an offset account cannot be linked to our Fixed Rate Loan. Please consider our Basic Variable Loan if you would like an offset account feature. Alternatively, a split loan facility can provide you with the best of both loan types.
We can give you a payout figure for any set date by calling us on 13 11 82 or visiting your local branch. This payout figure will only be valid for the date requested. The balance that you view in internet banking does not include any interest accrued, or any fees and charges which may be applicable.
At People First Bank we understand that credit is a very important facility which allows you to achieve your personal, financial or lifestyle goals faster than you could if you had to rely on your savings alone.
As a mutually owned financial institution we embrace our responsibility to understand your personal situation when we make recommendations regarding providing, extending or arranging credit for you. This is to ensure you are reasonably likely to meet the obligations you have in respect of repaying the debt and avoid experiencing financial stress.
But we recognise that situations may change from time to time which may inhibit your ability to meet your credit repayment obligations. We understand the pressures that you and your family may experience during these difficult times and we work with you to find a mutually acceptable solution to aid in your overall debt management strategies and to continue to work with you to achieve your financial goals.
You can choose from our Basic Variable or Fixed Rate products. You also have the repayment option of Interest Only on Investment loans only.
Interest Only loans provide you with the option of making a repayment equal to the interest charge monthly. By selecting this product option and only paying the interest, you will not reduce the principal balance of your loan during your Interest Only period.
Interest Only loans provide you with the option of making a repayment equal to the interest charge monthly. By selecting this product option and only paying the interest, you will not reduce the principal balance of your loan during your Interest Only period.
LMI may be required if the borrower doesn't have a minimum of 20% deposit to take out a home loan.
Home loans
Guides and tips
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Home loans
Pay off your home loan faster
If you’re wanting to pay off your home loan as soon as possible, we understand. Here are our six tips to reduce your home loan.
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Home loans
Six reasons to consider refinancing your home loan
Reasons why you should review your home loan and consider refinancing.
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Get in touch with us and we can help you get the answers you need.
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Help and support
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