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.

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Last updated 18 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

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First Option Bank home loan ratings

Overall customer rating for First Option Bank home loans

4.3
Based on 4 product reviews.

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First Option Bank products

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* 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

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