Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
---|---|---|---|---|---|
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Owner Occupier | Principal & Interest | < 60% | $150,000 | $3,500,000 |
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Owner Occupier | Principal & Interest | 60%-70% | $150,000 | $3,500,000 |
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Owner Occupier | Principal & Interest | 70%-90% | $150,000 | $3,500,000 |
|
Owner Occupier | Interest Only | < 60% | $150,000 | $3,500,000 |
|
Owner Occupier | Interest Only | 60%-70% | $150,000 | $3,500,000 |
|
Owner Occupier | Interest Only | 70%-90% | $150,000 | $3,500,000 |
|
Investor | Principal & Interest | < 60% | $150,000 | $3,500,000 |
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Investor | Principal & Interest | 60%-70% | $150,000 | $3,500,000 |
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Investor | Principal & Interest | 70%-90% | $150,000 | $3,500,000 |
|
Investor | Interest Only | < 60% | $150,000 | $3,500,000 |
|
Investor | Interest Only | 60%-70% | $150,000 | $3,500,000 |
|
Investor | Interest Only | 70%-90% | $150,000 | $3,500,000 |
Keen to bank with First Option? This simplified and straightforward variable rate home loan boasts a competitive variable interest rate of 5.99% p.a. (5.99% p.a. comparison rate*) for LVRS < 60%.
First Option’s Bank Simple Home Loan is low-fee and low-fuss. The headline variable rate for owner-occupiers with LVRs < 60% is 5.99% p.a. (5.99% p.a. comparison rate*). There are no annual or application fees, and as a bonus, First Option will throw in $1,000 towards your legal and property valuation costs (T&Cs apply).
You can make free extra repayments with a redraw facility, which could help you pay down your home loan faster. Alas, there is no offset account, but you can enjoy an attached debit card and transaction account, plus access to First Option’s full mobile banking suite.
This loan can be turned into an investment or interest-only one; just keep in mind a surcharge of 0.50% and 0.20% will apply, respectively.
Borrowers looking for a simplified home loan who like First Option Bank’s services will do well to check this one out.
There’s no offset account.
5.99% p.a. |
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n/a |
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n/a |
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n/a |
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5.99% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
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$3,500,000 |
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none |
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60.00% |
Owner Occupier |
|
Principal & Interest |
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Weekly, Fortnightly, Monthly |
|
yes - free |
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none |
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yes - free |
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$0.00 |
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yes |
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no |
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Valuation and legal fees covered up to $1,000. Anything above this charged at cost. |
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none |
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none |
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.
6.09% p.a. |
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n/a |
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n/a |
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n/a |
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6.09% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
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$3,500,000 |
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60.00% |
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70.00% |
Owner Occupier |
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Principal & Interest |
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Weekly, Fortnightly, Monthly |
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yes - free |
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none |
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yes - free |
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$0.00 |
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yes |
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no |
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Valuation and legal fees covered up to $1,000. Anything above this charged at cost. |
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none |
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none |
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.
6.19% p.a. |
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n/a |
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n/a |
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n/a |
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6.19% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
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$3,500,000 |
|
70.00% |
|
90.00% |
Owner Occupier |
|
Principal & Interest |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
none |
|
yes - free |
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$0.00 |
|
yes |
|
no |
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Valuation and legal fees covered up to $1,000. Anything above this charged at cost. |
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none |
|
none |
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.
6.19% p.a. |
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n/a |
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n/a |
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n/a |
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6.19% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
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$3,500,000 |
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none |
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60.00% |
Owner Occupier |
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Interest Only |
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Weekly, Fortnightly, Monthly |
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yes - free |
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none |
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yes - free |
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$0.00 |
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yes |
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no |
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Valuation and legal fees covered up to $1,000. Anything above this charged at cost. |
|
none |
|
none |
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.
6.29% p.a. |
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n/a |
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n/a |
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n/a |
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6.29% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
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$3,500,000 |
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60.00% |
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70.00% |
Owner Occupier |
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Interest Only |
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Weekly, Fortnightly, Monthly |
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yes - free |
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none |
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yes - free |
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$0.00 |
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yes |
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no |
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Valuation and legal fees covered up to $1,000. Anything above this charged at cost. |
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none |
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none |
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.
6.39% p.a. |
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n/a |
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n/a |
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n/a |
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6.39% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
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$3,500,000 |
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70.00% |
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90.00% |
Owner Occupier |
|
Interest Only |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
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none |
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yes - free |
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$0.00 |
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yes |
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no |
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Valuation and legal fees covered up to $1,000. Anything above this charged at cost. |
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none |
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none |
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.
6.24% p.a. |
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n/a |
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n/a |
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n/a |
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6.27% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$400.00 |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
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$3,500,000 |
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none |
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60.00% |
Investor |
|
Principal & Interest |
|
Weekly, Fortnightly, Monthly |
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yes - free |
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none |
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yes - free |
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$0.00 |
|
yes |
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no |
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none |
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none |
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none |
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.
6.34% p.a. |
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n/a |
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n/a |
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n/a |
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6.37% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$400.00 |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
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$3,500,000 |
|
60.00% |
|
70.00% |
Investor |
|
Principal & Interest |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
none |
|
yes - free |
|
$0.00 |
|
yes |
|
no |
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none |
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none |
|
none |
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.
6.44% p.a. |
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n/a |
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n/a |
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n/a |
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6.47% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$400.00 |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$175.00 |
$150,000 |
|
$3,500,000 |
|
70.00% |
|
90.00% |
Investor |
|
Principal & Interest |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
none |
|
yes - free |
|
$0.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
6.44% p.a. |
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n/a |
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n/a |
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n/a |
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6.47% p.a. |
|
n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$400.00 |
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n/a |
|
n/a |
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n/a |
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n/a |
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$0.00 |
|
$175.00 |
$150,000 |
|
$3,500,000 |
|
none |
|
60.00% |
Investor |
|
Interest Only |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
none |
|
yes - free |
|
$0.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
6.54% p.a. |
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n/a |
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n/a |
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n/a |
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6.57% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
$400.00 |
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n/a |
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n/a |
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n/a |
|
n/a |
|
$0.00 |
|
$175.00 |
$150,000 |
|
$3,500,000 |
|
60.00% |
|
70.00% |
Investor |
|
Interest Only |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
none |
|
yes - free |
|
$0.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
6.64% p.a. |
|
n/a |
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n/a |
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n/a |
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6.67% p.a. |
|
n/a |
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n/a |
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n/a |
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n/a |
|
n/a |
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n/a |
|
n/a |
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n/a |
$400.00 |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
$0.00 |
|
$175.00 |
$150,000 |
|
$3,500,000 |
|
70.00% |
|
90.00% |
Investor |
|
Interest Only |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
none |
|
yes - free |
|
$0.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Mortgage Simplifier
6.14% p.a. variable
6.17% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Express Home Loan (Fixed)
6.04% p.a.
fixed 3 years
6.15% p.a.
Express Home Loan (Fixed)
6.54% p.a.
fixed 3 years
6.38% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Express Home Loan (Fixed)
6.54% p.a.
fixed 3 years
6.38% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
First Home Buyer Loan
5.90% p.a.
5.93% p.a.
$0.00
Basic Variable Home Loan
5.94% p.a.
5.99% p.a.
$0.00
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.