Discount Variable - Owner Occupied
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR 70–80%
People's Choice and Heritage Home Loan Rates
Active products
51
Lowest variable
5.99%
Lowest fixed
6.19%
Lowest comparison
6.03%
Last updated
28 July 2026
People's Choice (now merged with Heritage Bank) is one of Australia's largest customer-owned banks, headquartered in Adelaide. The merged entity continues to operate dual brands while consolidating onto a shared product set. Variable and fixed home loans bundle offset and redraw on the Anytime Plus package.
What is the lowest People's Choice and Heritage home loan rate?
The lowest People's Choice and Heritage variable home loan rate Ratesniffers tracks is 5.99% p.a., and the lowest fixed rate is 6.19% p.a. These figures come from the 34 People's Choice and Heritage products on this page, ranked by comparison rate, refreshed daily (last updated 28 July 2026).
How many home loan products does People's Choice and Heritage offer?
Ratesniffers currently tracks 34 People's Choice and Heritage home loan products across variable, fixed and interest-only options for owner-occupiers and investors. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
People's Choice and Heritage home loan rates at a glance
| Product type | Rate | Comparison rate | Max LVR |
|---|---|---|---|
| Variable Owner-occupier P&I | 5.99% p.a. | 6.03% p.a. | 100% |
| Variable Owner-occupier P&I | 5.99% p.a. | 6.03% p.a. | 100% |
| Variable Owner-occupier P&I | 5.99% p.a. | 6.03% p.a. | 100% |
| Variable Investor P&I | 6.14% p.a. | 6.18% p.a. | 100% |
| Variable Investor P&I | 6.14% p.a. | 6.18% p.a. | 100% |
| Fixed 3-year Owner-occupier P&I | 6.19% p.a. | 6.23% p.a. | 95% |
| Fixed 3-year Owner-occupier P&I | 6.19% p.a. | 6.23% p.a. | 100% |
| Fixed 2-year Owner-occupier P&I | 6.24% p.a. | 6.28% p.a. | 95% |
| Fixed 2-year Owner-occupier P&I | 6.24% p.a. | 6.28% p.a. | 100% |
| Fixed 1-year Owner-occupier P&I | 6.29% p.a. | 6.33% p.a. | 95% |
| Fixed 1-year Owner-occupier P&I | 6.29% p.a. | 6.33% p.a. | 100% |
| Fixed 4-year Owner-occupier P&I | 6.39% p.a. | 6.43% p.a. | 95% |
34 People's Choice and Heritage home loan products
Basic Variable Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR ≤95%
Home Build Access (HBA) SIL
Owner-occupierVariableP&IExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR ≤98%
Discount Variable - Investment
InvestorVariableP&IRedrawExtra repayments
Interest
6.14%p.a.
Comparison*
6.18%p.a.
Monthly repayment
$3,043
LVR 70–80%
Basic Variable Investment Loan
InvestorVariableP&IOffsetRedrawExtra repayments
Interest
6.14%p.a.
Comparison*
6.18%p.a.
Monthly repayment
$3,043
LVR ≤90%
Fixed Home Loan
Owner-occupier3y FixedP&IRedrawExtra repayments
Interest
6.19%p.a.
Comparison*
6.23%p.a.
Monthly repayment
$3,059
LVR 80–95%
Standard Fixed Rate Home Loans - Owner Occupied
Owner-occupier3y FixedP&IRedrawExtra repayments
Interest
6.19%p.a.
Comparison*
6.23%p.a.
Monthly repayment
$3,059
LVR ≤95%
Fixed Home Loan
Owner-occupier2y FixedP&IRedrawExtra repayments
Interest
6.24%p.a.
Comparison*
6.28%p.a.
Monthly repayment
$3,075
LVR 80–95%
Standard Fixed Rate Home Loans - Owner Occupied
Owner-occupier2y FixedP&IRedrawExtra repayments
Interest
6.24%p.a.
Comparison*
6.28%p.a.
Monthly repayment
$3,075
LVR ≤95%
Fixed Home Loan
Owner-occupier1y FixedP&IRedrawExtra repayments
Interest
6.29%p.a.
Comparison*
6.33%p.a.
Monthly repayment
$3,092
LVR 80–95%
Standard Fixed Rate Home Loans - Owner Occupied
Owner-occupier1y FixedP&IRedrawExtra repayments
Interest
6.29%p.a.
Comparison*
6.33%p.a.
Monthly repayment
$3,092
LVR ≤95%
Fixed Home Loan
Owner-occupier4y FixedP&IRedrawExtra repayments
Interest
6.39%p.a.
Comparison*
6.43%p.a.
Monthly repayment
$3,124
LVR 80–95%
Fixed Home Loan
Owner-occupier5y FixedP&IRedrawExtra repayments
Interest
6.39%p.a.
Comparison*
6.43%p.a.
Monthly repayment
$3,124
LVR 80–95%
Standard Fixed Rate Home Loans - Owner Occupied
Owner-occupier5y FixedP&IRedrawExtra repayments
Interest
6.39%p.a.
Comparison*
6.43%p.a.
Monthly repayment
$3,124
LVR ≤95%
Fixed Investment Loan
Investor2y FixedP&IRedrawExtra repayments
Interest
6.44%p.a.
Comparison*
6.48%p.a.
Monthly repayment
$3,141
LVR 80–90%
Standard Fixed Rate Home Loans - Investment
Investor2y FixedP&IRedrawExtra repayments
Interest
6.44%p.a.
Comparison*
6.48%p.a.
Monthly repayment
$3,141
LVR ≤90%
Discount Variable - Investment
InvestorVariableInterest onlyRedrawExtra repayments
Interest
6.44%p.a.
Comparison*
6.48%p.a.
Monthly repayment
$3,141
LVR 70–80%
Basic Variable Investment Loan - Interest Only
InvestorVariableInterest onlyOffsetRedrawExtra repayments
Interest
6.44%p.a.
Comparison*
6.48%p.a.
Monthly repayment
$3,141
LVR —
Fixed Investment Loan
Investor1y FixedP&IRedrawExtra repayments
Interest
6.49%p.a.
Comparison*
6.53%p.a.
Monthly repayment
$3,157
LVR 80–90%
Fixed Investment Loan
Investor3y FixedP&IRedrawExtra repayments
Interest
6.49%p.a.
Comparison*
6.53%p.a.
Monthly repayment
$3,157
LVR 80–90%
Standard Fixed Rate Home Loans - Investment
Investor1y FixedP&IRedrawExtra repayments
Interest
6.49%p.a.
Comparison*
6.53%p.a.
Monthly repayment
$3,157
LVR ≤90%
Standard Fixed Rate Home Loans - Investment
Investor3y FixedP&IRedrawExtra repayments
Interest
6.49%p.a.
Comparison*
6.53%p.a.
Monthly repayment
$3,157
LVR ≤90%
Fixed Investment Loan
Investor4y FixedP&IRedrawExtra repayments
Interest
6.59%p.a.
Comparison*
6.63%p.a.
Monthly repayment
$3,190
LVR 80–90%
Fixed Investment Loan
Investor5y FixedP&IRedrawExtra repayments
Interest
6.59%p.a.
Comparison*
6.63%p.a.
Monthly repayment
$3,190
LVR 80–90%
Standard Fixed Rate Home Loans - Investment
Investor5y FixedP&IRedrawExtra repayments
Interest
6.59%p.a.
Comparison*
6.63%p.a.
Monthly repayment
$3,190
LVR ≤90%
Fixed Investment Loan - Interest Only
Investor2y FixedInterest onlyRedrawExtra repayments
Interest
6.64%p.a.
Comparison*
6.68%p.a.
Monthly repayment
$3,207
LVR —
Standard Fixed Rate Home Loans - Investment
Investor2y FixedInterest onlyRedrawExtra repayments
Interest
6.64%p.a.
Comparison*
6.68%p.a.
Monthly repayment
$3,207
LVR ≤90%
Fixed Investment Loan - Interest Only
Investor1y FixedInterest onlyRedrawExtra repayments
Interest
6.69%p.a.
Comparison*
6.73%p.a.
Monthly repayment
$3,223
LVR —
Fixed Investment Loan - Interest Only
Investor3y FixedInterest onlyRedrawExtra repayments
Interest
6.69%p.a.
Comparison*
6.73%p.a.
Monthly repayment
$3,223
LVR —
Standard Fixed Rate Home Loans - Investment
Investor1y FixedInterest onlyRedrawExtra repayments
Interest
6.69%p.a.
Comparison*
6.73%p.a.
Monthly repayment
$3,223
LVR ≤90%
Standard Fixed Rate Home Loans - Investment
Investor3y FixedInterest onlyRedrawExtra repayments
Interest
6.69%p.a.
Comparison*
6.73%p.a.
Monthly repayment
$3,223
LVR ≤90%
Fixed Investment Loan - Interest Only
Investor4y FixedInterest onlyRedrawExtra repayments
Interest
6.79%p.a.
Comparison*
6.83%p.a.
Monthly repayment
$3,256
LVR —
Fixed Investment Loan - Interest Only
Investor5y FixedInterest onlyRedrawExtra repayments
Interest
6.79%p.a.
Comparison*
6.83%p.a.
Monthly repayment
$3,256
LVR —
Standard Fixed Rate Home Loans - Investment
Investor5y FixedInterest onlyRedrawExtra repayments
Interest
6.79%p.a.
Comparison*
6.83%p.a.
Monthly repayment
$3,256
LVR ≤90%
Negotiate People's Choice and Heritage rates with a broker
Advertised rates aren't always the rate People's Choice and Heritage actually approves. Our broker negotiates against your specific scenario, no fee.
Who is People's Choice and Heritage?
People First Bank is the brand of Heritage and People's Choice Ltd, formed by the 2023 merger of Toowoomba-based Heritage Bank and Adelaide-based People's Choice Credit Union, creating Australia's largest customer-owned bank with more than $22 billion in assets and around 700,000 members.
As a mutual, it has no external shareholders, so profits are returned through pricing and service rather than dividends. The Heritage and People's Choice brands continue to serve their home states while the combined bank transitions to the People First name.
Who suits a People's Choice and Heritage home loan?
People First tends to suit borrowers who prefer a customer-owned alternative to the listed banks, particularly in Queensland and South Australia where its branch heritage is strongest. Mutual pricing is often sharp but not automatically the sharpest, so check its position in the live table above.
Background facts checked 21 July 2026. Rates above refresh independently.
People's Choice and Heritage home loans: frequently asked questions
What is the lowest People's Choice and Heritage home loan rate?
People's Choice and Heritage's lowest variable home loan rate is currently 5.99% p.a., and its lowest fixed rate is 6.19% p.a., based on the 34 People's Choice and Heritage products Ratesniffers ranks by comparison rate, refreshed daily (last updated 28 July 2026). The advertised rate isn't always the rate People's Choice and Heritage approves, a broker can often negotiate a sharper deal on your scenario.
How does People's Choice and Heritage's home loan rate compare to the market?
People's Choice and Heritage's lowest variable home loan rate today is 5.99% p.a., which is 10 basis points below the market median of 6.09% p.a., which puts People's Choice and Heritage among the more competitive lenders on variable rates today. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where People's Choice and Heritage sits right now rather than a fixed snapshot.
How many home loan products does People's Choice and Heritage offer?
Ratesniffers currently tracks 51 People's Choice and Heritage home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 34 that pass our data-quality checks on this page. Every rate is refreshed daily and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is People's Choice and Heritage competitive for refinancing?
It depends on your loan size and LVR. People's Choice and Heritage's lowest comparison rate is currently 6.03% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing People's Choice and Heritage against the sharpest available rate usually pays off.
How often are People's Choice and Heritage's home loan rates updated?
Ratesniffers refreshes People's Choice and Heritage's home loan rates daily; this page was last updated 28 July 2026. Rates can change whenever People's Choice and Heritage reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
People's Choice and Heritage rates by borrower and loan type
The same People's Choice and Heritage panel, filtered to the scenario you're actually shopping for.
- People's Choice and Heritage owner-occupier ratesP&I and offset-eligible products, ranked sharpest-first.
- People's Choice and Heritage investor ratesInvestment lending, interest-only where offered.
- People's Choice and Heritage refinance ratesRefinance-eligible products versus your current rate.
- People's Choice and Heritage first home buyer ratesFHB-eligible products, Home Guarantee where supported.
- People's Choice and Heritage fixed rates1 to 5-year terms where available.
- People's Choice and Heritage variable ratesFlexible repayments, offset-compatible products.
- People's Choice and Heritage interest-only ratesIO terms, mostly investor products.
- People's Choice and Heritage offset loans100% offset-account-eligible products.
Compare home loans across the market by purpose
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Other lenders you might compare
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Mortgage guides and market context
Plain-English explainers, plus where rates sit across the market today.