Solution finder
I'm looking to Buy or build my first home and and have just started researching

Plus Home Loan

Mortgage Choice Plus Home Loan is designed for people who want a flexible home loan solution with a fully transactional offset account that lets you use your income to reduce interest payments.

More flexibility with our Plus Home Loan Package
Fully transactional offset accounts By linking an offset account to your variable home loan, any money you have in the account reduces the amount of interest you pay on your loan. You can also reduce the term of your loan, helping you pay off your loan faster. Up to 2 available per loan account.
Unlimited accounts Open unlimited loan account splits after settlement. You can choose different features for each account, including fixed or variable interest 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 renovate 12 Funds can be used to build your home on new or existing land, or to renovate your existing home.


When you select the Mortgage Choice Plus Home Loan you also receive:
  • A discount1 on the standard variable rate on your loan
  • A Mortgage Choice Platinum Card2 along with the annual fee waived3
  • Access to a debit MasterCard® with each offset account.

Why choose us?

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.

Free ATM access

Your ATM transactions are free at all domestic ATMs, including the rediATM network 4.

Mortgage Choice Cashback5

Accrue 1% Cashback credit on all eligible purchases. Use your Cashback credit how you like by redeeming into your Mortgage Choice Home Loan or straight back into your Mortgage Choice Platinum Card.

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.



Accounts Unlimited (after settlement)
Principal and interest
Interest only  
Option to fix (terms one to five years)
Additional payments on variable loans
Additional payments on fixed loans
Redraw Up to $10,000 each year without additional fees
Offset account (not available during the construction period)
Construction 12


Package inclusions  
One free variation6 (per year) To the value of $330 (plus GST)
Discount on SVR
(not available during
the construction period)
Mortgage Choice Platinum Card  
Waived settlement fee


Documentation fee $363 11
Account management fee 10 $0
Monthly fees $0
Construction administration fee $999



Mortgage Choice Platinum Card
Interest free period7
Up to 55 days on purchases only
Low intro rate
5.90% p.a. on purchases for the first 14 months 13 and no annual fee for the life of the home loan. Conditions apply.
0% pa interest on balance transfers for
14 months from card approval 8
MasterCard PayPass™ Technology
Standard annual fee3
$129 for the primary borrower (waived)
$29 for additional borrowers (waived) 9
Complimentary concierge service

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 To be eligible for the discount on Package loans, you must apply for and activate your Mortgage Choice credit card as part of the package. To retain the discount, you must keep your Mortgage Choice credit card open for the life of the loan. Package Terms and Conditions apply.
2 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.
3 The Mortgage Choice Platinum Card annual fee is payable if the mortgage package is no longer held, currently $129 for the primary cardholder, and $29 for each additional cardholder. Annual fees are subject to change.
4 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.
5 Mortgage Choice Cashback credit can be accrued on up to $100,000 of spend annually for Mortgage Choice Platinum Cardholders. Mortgage Choice Cashback is subject to the Mortgage Choice Platinum Card Rewards Program Terms and Conditions. Mortgage Choice Cashback credit is not earned on cash advances, balance transfers or other restricted transactions. Mortgage Choice Cashback credit will be automatically applied to your nominated Mortgage Choice Account once you have accrued 100 Mortgage Choice Cashback credits. Minimum monthly repayments on your nominated Mortgage Choice Account still apply.
6 For the Package loans, one general consent fee associated with a variation is waived per year. Year refers to anniversary of settlement. 
7 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).
8 The 0% p.a. interest rate applies only to balances transferred with this offer for the first 14 months from the date your account is approved and then reverts to the standard variable interest rate for purchases. Interest rates are subject to change and Card Services credit criteria. Minimum repayments are required. Card repayments will be applied last to the repayment of transferred balances that are in the promotional interest rate period. For further details refer to the Balance Transfer Terms and Conditions.
9 An annual fee for each additional card is waived if requested on the application form and applies if requested after settlement, currently $29.
10 For applications submitted from 28 April 2016, the annual account management fee will be $0 for the life of the loan. Applications submitted before this date may be subject to a fee
11 Complex transactions may incur a higher fee.
12 Not all loan features may be available.
13 After the promotional period, the standard variable interest rate for purchases will apply, which is currently 19.99% p.a. for Mortgage Choice Platinum Card.
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.

Talk to your local broker today

Things can change quickly in the market.

Subscribe and stay informed with news, rates and industry insights.