Loan & Credit Card Rates
|
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. |
Apply OnlineEnquire |
| Home Loans | 2 Year Fixed Intro | Interest Rate | Comparison Rate * |
|---|---|---|---|
| Classic Home Loan | N/A | 4.49% pa | 4.49% pa |
|
Premium Home Loan |
2.89% | 3.89% pa | 3.71% pa |
|
Premium Plus Home Loan |
2.89% | 3.69% pa | 3.55% pa |
|
Platinum Home Loan |
2.89% | 3.49% pa | 3.39% pa |
|
Smart Start Home Loan |
2.89% | 3.89% pa | 3.71% pa |
| Investment Loans | 2 Year Fixed Intro | Interest Rate | Comparison Rate * |
| Classic Investment Loan | N/A | 4.99% pa | 5.02% pa |
|
Premium Investment Loan |
2.99% | 4.39% pa | 4.14% pa |
|
Premium Plus Investment Loan |
2.99% | 4.19% pa | 3.98% pa |
|
Platinum Investment Loan |
2.99% | 3.99% pa | 3.81% pa |
Notes:
- The interest rates above are for Principal and Interest loans.
- Different rates apply to Interest Only loans and Fixed Rate loans.
- Fixed Rate mortgages are available for 1, 2 and 3 years.
- First Option also offers Business Loans and Business Overdrafts.
| Car Loans | 6 Month Intro Rate | Interest Rate | Comparison Rate ** |
|---|---|---|---|
|
New Car Loan |
N/A | 8.99% pa | 9.24% pa |
|
Used Car Loan |
N/A | 8.99% pa | 9.24% 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 | 10.99% pa | 11.24% pa | |
| 2 Yr Fixed Personal Loan | 11.99% pa | 12.25% pa | |
| 3 Yr Fixed Personal Loan | 12.99% pa | 13.25% pa | |
| VIP Personal Loan For members with an existing mortgage loan at First Option. |
6.44% pa | 6.68% 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 | 5.23% 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 | Purchase Rate | Cash Advance Rate |
|---|---|---|
| Low Rate Credit Card | 9.99% pa | 17.99% pa |
| 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.





