How much is stamp duty?
Our stamp duty and land tax calculator shows you how much you have to pay for stamp duty in your state or territory.
Most popular questions
If you have registered for Digital Banking at People First Bank, you can set up a scheduled transfer to make recurring payments on your loan.
Online Banking
Click on 'Transfer' under the 'Pay & transfer' tab, then click on the 'Schedule payment' and follow the prompts.
People First Bank App
Select ‘Payments’ on the bottom menu, then click ‘Pay & transfer’ and follow the prompts.
Don't have Online Banking? Learn how to register on our Digital Banking page.
If transferring your payment from another financial institution, use the BSB 671 000, your loan account number and your surname for the account name.
If you choose a fixed rate home or investment loan you can make unlimited additional repayments, however, a Break Cost fee will be payable when the loan is paid out in full prior to the fixed rate period expiring.
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.
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.
Lenders Mortgage Insurance (LMI) is an insurance that protects the lender in the event of default by the borrower.
To avoid Lenders Mortgage Insurance, it is generally recommended the borrower keep their LVR (Loan to Value Ratio) below 80% plus any fees (conveyancer, stamp duty, building inspection, etc). If the borrower has a deposit of 20% or more of the property value, then they may not be required to pay LMI. For more information on whether you’ll need LMI please speak to one of our Home Loan Advisers or call 13 11 82.
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