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Mortgage Choice Basic Home Loan

The Mortgage Choice Basic Home Loan provides you all the essentials, plus a competitive interest rate and no ongoing fees. Ideal for property buyers, constructors, renovators, refinancers or investors.

All the essentials with our Basic Home Loan



Save on fees The Basic Home Loan has no account management fees.
Multiple accounts Having multiple loan accounts means you can choose different features for each account, including fixed or variable rates and principal and interest or interest only accounts.
Additional repayments Make additional repayments as often as you like on variable loans and up to $10,000 per loan account per year on fixed loans. A redraw facility is also available on variable loans, allowing you to pay extra money into your loan that you can take out later if you need it.
Build or renovate4 Funds can be used to build your home on new or existing land, or to renovate your existing home.


Optional Extras
Mortgage Choice Platinum Card Transactional Account
Choose the Mortgage Choice Platinum Card1 as an optional extra with your Basic Home Loan. It offers you the flexibility of up to 55 days interest-free on purchases2. Choose the Mortgage Choice transaction account with your Debit MasterCard® and receive free access to all domestic ATMs, including the rediATM network5.


Our service

Convenient account access - Mortgage Choice Accounts mobile app and Mortgage Choice Online Services give you access to your account 24 hours a day, seven days a week.

Access your accounts on the go

Mortgage Choice's new app is the exciting and easy way for you to access your accounts in real time and on-the-go - free from the Apple and Google Play stores.



Talk to a Mortgage Choice expert

Basic home loan
Accounts Six
Principal and interest
Interest only
Option to fix (terms one to five years)
Additional payments on variable loans
Additional payments on fixed loans  Up to $10,000 each year without additional fees
 Offset account


Documentation fee $363 3
Account management fee $0
Construction administration fee $999


Optional extras  
Mortgage Choice Platinum Card
Mortgage Choice Transaction Account

The lender of your Mortgage Choice Limited, ABN 57 009 161 979 Australian Credit Licence (ACL) 382869 home loan is Macquarie Bank Limited ABN 46 008 583 542 AFSL and ACL 237502 (MBL). All applications for credit are subject to MBL’s credit approval criteria. Before making a decision about whether to acquire a credit, lending or financial product, a person should obtain and review the terms and conditions relating to that product
1 Approval is subject to Card Services’ credit and suitability criteria. Terms and conditions, fees and charges apply and are available upon request. Your credit card will be made available shortly after settlement of your mortgage. Card Services is a division of Macquarie Bank Limited ABN 46 008 583 542 (MBL) (Australian Credit Licence 237502), which provides and administers credit and is the issuer of the Mortgage Choice Platinum Card.
2 Up to 55 days interest free on purchases only applies if your Account is paid in full by the due date shown each month (including any balance transfers).
3 Complex transactions may incur a higher fee.
4 Not all loan features may be available.
Where a non-rediATM ATM operator in Australia charges a fee for a withdrawal or balance enquiry made with this debit MasterCard, that fee will be rebated. See the MC Fee & Changes guide for further details. Offer may be changed or withdraw at any time.


This is applicable for loan applications submitted from 28 March 2017.
The comparison rates are based on a loan for $150,000 and a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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