First Option Bank home loans

4.3
Based on 4 First Option Bank home loan product reviews.
Fact Checked

First Option started as a family of credit unions providing on-site banking services to employees in industries including leisure and hospitality, technology and gaming, food and fuel. Joining together over the years to form First Option Bank, they now provide a comprehensive range of financial services to members and their families. As a mutual bank they are fully owned by members, reinvesting earnings back into better interest rates and customer service.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more home loans here.
Last updated 10 November 2024 Important disclosures and comparison rate warning*

First Option Bank home loans

  • 2-Year Discounted - Simple Home Loan Variable

    • Owner-Occupied
    • Principal and Interest
    • LVR<60%
    Interest rate
    5.54 % p.a.
    Variable for 24 months and then 5.99% p.a.
    Comparison rate
    5.90 % p.a.
    Initial monthly repayment
    $2,988
    Link not supplied

  • Simple Home Loan Variable

    • Owner-Occupied
    • Principal and Interest
    • LVR<60%
    Interest rate
    5.99 % p.a.
    Variable
    Comparison rate
    5.99 % p.a.
    Initial monthly repayment
    $2,995
    Link not supplied

  • Simple Home Loan Fixed

    • Owner-Occupied
    • Principal and Interest
    • <60%
    Interest rate
    6.24 % p.a.
    Fixed 3 years
    Comparison rate
    6.06 % p.a.
    Initial monthly repayment
    $3,075
    Link not supplied

  • Simple Home Loan Variable

    • Investor
    • Principal and Interest
    • LVR<60%
    Interest rate
    6.24 % p.a.
    Variable
    Comparison rate
    6.27 % p.a.
    Initial monthly repayment
    $3,075
    Link not supplied

  • The Complete Package Home Loan

    • Owner-Occupied
    • Principal and Interest
    • LVR<60%
    Interest rate
    6.49 % p.a.
    Variable
    Comparison rate
    6.82 % p.a.
    Initial monthly repayment
    $3,157
    Link not supplied

  • The Complete Package Home Loan

    • Investment
    • Principal and Interest
    • LVR<60%
    Interest rate
    6.74 % p.a.
    Variable
    Comparison rate
    7.10 % p.a.
    Initial monthly repayment
    $3,240
    Link not supplied

image of houses

Need help with your Home Loan?

Whether you're looking to purchase a new home or refinance your existing loan, our friends at Lendi can help! Lendi’s expert advice is completely free of charge. Book an appointment and enter the draw to win $30K.

Learn more

Sign up for rate alerts and news.

First Option Bank home loan ratings

Overall customer rating for First Option Bank home loans

4.3
Based on 4 product reviews.

Customer reviews

No one has rated First Option Bank home loans in the past 24 months - be the first!

  Write a review

First Option Bank products

Home loan quick links


* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.