Our interest rates have been designed with you in mind - our members.
We do not inflate rates as we do not have shareholders taking a percentage of our profits. Any profits we make are returned to you through better products, more competitive rates and lower fees.
|Home Loans||6 Month Intro Rate||Interest Rate||Comparison Rate *|
|Packaged Home Loan (less than $600,000)||3.75% pa||4.44% pa||4.81% pa|
|Packaged Home Loan (more than $600,000)||3.60% pa||4.15% pa||4.53% pa|
|Standard Home / Investment Loan (variable)||N/a||4.99% pa||5.03% pa.|
|Smart Start Home Loan (less than $600,000)||3.75% pa||4.44% pa||4.41% pa|
|Smart Start Home Loan (more than $600,000)||3.60% pa||4.15% pa||4.12% pa|
Note: Fixed mortgage rates for 1, 2 and 3 years are also available. For current fixed rates please contact us.
Note: First Option also offers Investment Loans, Interest Only Loans (5 years), Construction Loans, Bridging Loans, Business Loans and Business Overdrafts. For current rates please contact us.
|Car Loans||6 Month Intro Rate||Interest Rate||Comparison Rate **|
|New Car Loan 5 yr fixed||N/A||6.99% pa||6.99% pa|
|Used Car Loan 5 yr fixed||N/A||6.99% pa||6.99% pa|
|Smart Start Car Loan||2.99% pa||8.25% pa||7.21% pa|
|Personal Loans||Interest Rate||Comparison Rate **|
|Variable Personal Loan||13.99% pa||14.25% pa|
|1 Yr Fixed Personal Loan||9.99% pa||10.24% pa|
|2 Yr Fixed Personal Loan||10.99% pa||11.24% pa|
|3 Yr Fixed Personal Loan||11.99% pa||12.25% pa|
|BeGreen Personal Loan Fixed Rate#||6.99% pa||7.23% pa|
|Cash Secured Loan
(Must be secured with a First Option Term Deposit)
|4.99% pa||4.99% pa|
|Smart Start Investor Loan||10.99% pa||10.99% pa|
|Smart Start Education Loan||10.99% pa||10.99% pa|
|Overdrafts||Interest Rate||Comparison Rate|
|Unsecured Overdraft||13.99% pa||N/a|
|Mortgage Secured Overdraft||5.49% pa||N/a|
|Budget Saver Overdraft||13.99% pa||N/a|
|Visa Credit Card||6 Month Intro Rate||Interest Rate||Comparison Rate|
|Visa Credit Card – Cash Rewards||1.99% pa||15.99% pa||N/a|
|Visa Credit Card - Low Rate||1.99% pa||11.99% pa||N/a|
|Additional Product Information|
Key Fact Sheets
* Home Loan comparison rates are calculated on a loan amount of $150,000 over a term of 25 years
** Personal & Car Loan comparison rates are calculated on a loan amount of $30,000 over a term of 5 years
# Can be fixed for up to 7 years. Variable rate option also available.
WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.