First Option Bank personal loans

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 25 October 2024 Important disclosures and comparison rate warning*

First Option Bank personal loans

  • Personal Loan

    Interest rate from
    13.99 % p.a.
    Comparison rate from
    14.25 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $175
    Link not supplied

  • BeGreen Home Improvement Loan

    Interest rate from
    8.04 % p.a.
    Comparison rate from
    8.29 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $175
    Link not supplied

  • BeGreen Transport Loan

    Interest rate from
    8.04 % p.a.
    Comparison rate from
    8.29 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $175
    Link not supplied

  • Car Loan

    • Secured, Fixed
    Interest rate from
    10.99 % p.a.
    Comparison rate from
    11.25 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $175
    Link not supplied

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First Option Bank products

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* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

^See information about the Mozo Experts Choice Personal Loan Awards

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