8.7/10

Based on 9 First Option Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

First Option Bank home loans

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.

What home loans do First Option Bank offer?

Rates and fees verified as correct at 29 May 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.24% p.a.

6.06% p.a.

$0.00

$0

Variable Rate Home Loans

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.29% p.a.

6.29% p.a.

$0.00

$0

6.19% p.a.

6.19% p.a.

$0.00

$0

6.39% p.a.

6.39% p.a.

$0.00

$0

6.09% p.a.

6.09% p.a.

$0.00

$0

5.99% p.a.

5.99% p.a.

$0.00

$0

6.19% p.a.

6.19% p.a.

$0.00

$0

6.80% p.a.

7.13% p.a.

$375.00 yearly

$0

7.00% p.a.

7.33% p.a.

$375.00 yearly

$0

6.69% p.a.

7.02% p.a.

$375.00 yearly

$0

6.60% p.a.

6.93% p.a.

$375.00 yearly

$0

6.80% p.a.

7.13% p.a.

$375.00 yearly

$0

6.49% p.a.

6.82% p.a.

$375.00 yearly

$0

6.54% p.a.

6.57% p.a.

$0.00

$400

6.44% p.a.

6.47% p.a.

$0.00

$400

6.64% p.a.

6.67% p.a.

$0.00

$400

6.34% p.a.

6.37% p.a.

$0.00

$400

6.24% p.a.

6.27% p.a.

$0.00

$400

6.44% p.a.

6.47% p.a.

$0.00

$400

7.05% p.a.

7.41% p.a.

$375.00 yearly

$400

7.25% p.a.

7.60% p.a.

$375.00 yearly

$400

6.94% p.a.

7.30% p.a.

$375.00 yearly

$400

6.85% p.a.

7.21% p.a.

$375.00 yearly

$400

7.05% p.a.

7.41% p.a.

$375.00 yearly

$400

6.74% p.a.

7.10% p.a.

$375.00 yearly

$400

How are First Option Bank home loans rated?

Mozo users have rated First Option Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
First Option Bank home loans customer reviews
Overall
8.5/10
Price
7.5/10
Features
7.8/10
Customer service
9.3/10
Convenience
6.5/10
Trust
9.0/10
Based on 4 First Option Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent First Option Bank home loan reviews

First Option Bank Home Loan
Overall 10/10
Customer Service is 100% unreal

They are the most helpful and they really care, they get back to you within the time they say, and they are SO helpful.

Read full review

They are the most helpful and they really care, they get back to you within the time they say, and they are SO helpful.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jo, Victoria, reviewed over 9 years ago
First Option Bank Home Loan
Overall 7/10
Each way bet

My bank are great to deal with but their mortgage rate could be more competitive

Read full review

My bank are great to deal with but their mortgage rate could be more competitive

Price
4/10
Features
5/10
Customer service
8/10
Convenience
3/10
Trust
7/10
Less
Mozo community reviewer, , reviewed over 10 years ago
First Option Bank Home Loan
Overall 9/10
Good feedback and great overall product

First option credit union is a small bank but it has great cumstomer service who are always there to help you. Competitive rates. They are always sending you information about their products and new updates. I cannot find any dislikes about them.

Read full review

First option credit union is a small bank but it has great cumstomer service who are always there to help you. Competitive rates. They are always sending you information about their products and new updates. I cannot find any dislikes about them.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Christine, Victoria, reviewed about 11 years ago
First Option Bank Home Loan
Overall 8/10

Your call is answered by a helpful person within seconds of ringing the office. You feel like its a personal bank and they really care. Love this credit union.

Read full review

Your call is answered by a helpful person within seconds of ringing the office. You feel like its a personal bank and they really care. Love this credit union.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
4/10
Trust
10/10
Less
Jeanette, New South Wales, reviewed over 12 years ago

What do you need to apply for a First Option Bank home loan?

Home loan quick links