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New Online Lending Service

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First Option’s mission is to make members “money happy” so we are always looking for ways to make things easier for members.

Members often tell us that applying for a loan can be a time consuming process. Not only do you have to provide your current financial commitments and assets, but you also need to provide your personal details; most of which are already stored on the First Option database.

To make you “money happy” First Option has launched a new Online Lending service. Members simply login to Internet Banking (IB) and select Loans from the menu. Then just follow the steps and submit your application. It only takes a few minutes, as your personal details are pre-populated.

If you need a loan, credit card or overdraft, please try this new service. And if you want to know more, please read the FAQs below.

 Frequently Asked Questions

Q. How do I apply for a loan /credit card / overdraft if I’m not registered for IB?
A. First Option also provides an online application form for members without IB. The main difference is that you will need to enter your personal details. Alternatively, you can contact us and apply for IB.

Q. Can I complete part of the application and come back later?
A. Yes, if you can’t complete the application in one sitting, just click on the ‘Save for Later’ button. You can then complete your application by logging into IB at a later date. You have 30 days to complete the application.

Q. How do I apply to top up an existing loan, or increase the credit limit on my credit card / overdraft?
A. To make things quicker and easier, we have a separate online form designed specifically for members with an existing loan, credit card or overdraft. Click here.

Q. What should I have on hand before I sit down to apply online?
A. To make things as easy as possible, be prepared before starting the application. Make sure you have proof of income (e.g. recent payslips), proof of identity (e.g. drivers licence), employment details and information about your assets and liabilities (e.g. credit card statements).

Q. How do I apply for a loan if I don’t want to apply online?
A. Many members still like to complete a paper loan application. Most of our application forms are available as PDFs in the Member Support area. You can also contact us and we will send you a form in the mail.