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 | 12 Month Intro Rate | Interest Rate | Comparison Rate * |
|---|---|---|---|
| Classic Home Loan | N/A | 4.99% pa | 4.99% pa |
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Premium Home Loan |
3.99% pa | 4.44% pa | 4.75% pa |
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Premium Plus Home Loan |
3.89% pa | 4.15% pa | 4.49% pa |
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Platinum Home Loan |
3.79% pa | 3.99% pa | 4.34% pa |
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Smart Start Home Loan |
3.99% pa | 4.44% pa | 4.40% pa |
| Investment Loans | 12 Month Intro Rate | Interest Rate | Comparison Rate * |
| Classic Investment Loan | N/A | 5.29% pa | 5.29% pa |
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Premium Investment Loan |
N/A | 4.74% pa | 5.09% pa |
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Premium Plus Investment Loan |
N/A | 4.45% pa | 4.81% pa |
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Platinum Investment Loan |
N/A | 4.29% pa | 4.65% 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 ** |
|---|---|---|---|
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New Car Loan |
N/A | 6.45% pa | 6.69% pa |
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Used Car Loan |
N/A | 6.45% pa | 6.69% pa |
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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 | 7.99% pa | 8.24% pa | |
| 2 Yr Fixed Personal Loan | 8.99% pa | 9.24% pa | |
| 3 Yr Fixed Personal Loan | 9.99% pa | 10.24% pa | |
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VIP Personal Loan For members with an existing mortgage loan at First Option. |
6.44% pa | 6.68% pa | |
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BeGreen Personal Loan fixed rate# |
6.99% pa | 7.23% pa | |
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Cash Secured Loan Must be secured with a First Option Term Deposit |
4.99% pa | 5.23% pa | |
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Smart Start Investor Loan |
10.99% pa | 10.99% pa | |
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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 |
|---|---|---|---|
| Cash Rewards Credit Card | 1.99% pa | 15.99% pa | N/a |
| Low Rate Credit Card | 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.
