Redraw Now Available on Personal and Car Loans

At First Option we regularly review our products to ensure that you gain the greatest benefit from your membership. Our most recent review revealed that we could improve our range of Award-winning Personal and Car Loans by providing Members with redraw access to their advance payments.

This means that you can pay extra on your loan to save on interest and shorten the term, as before. But if you ever need to access some money fast, you can redraw any extra payments – less one month’s loan repayment.

The minimum redraw amount is $50 and a fee of $10 applies for each redraw. To redraw your advance funds simply use Internet Banking, PhoneLink or just contact us.

Questions?

If you have any questions, contact us