Loan / Credit Card Rates

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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.

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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 5.99% pa 10.00% pa 9.47% pa
Used Car Loan 5.99% pa 11.25% pa 10.46% 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# 8.99% pa 9.24% 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.