5.79%
Variable interest rate and comparison rate, per annum 1,2
Fix me!
You can now lock-in your home loan rate for up to three years from 5.89% p.a. (interest and comparison rate). This works for Simple Loans (without offset) and our Complete Package which includes offset account and low-rate Visa credit card. Also available for interest-only and also investment property loans. Talk to our team to discuss your needs and options.
Sometimes, Simple is best
At some (life) stage you will probably want a home loan with offset attached. But if you don’t need it now, why pay for it?
With a Simple home loan you get brilliant benefits including free redraw, extra repayments and a suite of personal banking tools like linked accounts, online/mobile banking, electronic payments (ApplePay/GooglePay) and Visa debit cards.
Simple loans are also available for investment properties for a small interest rate surcharge of 0.50% and interest-only repayment terms are possible (again, for a small rate surcharge of 0.20%).
Simple home loan
Without offset account or fee-free Visa credit card, you'll get a cheaper interest rate with a Simple home loan
60% LVR or less 3
5. 79 %
Interest and comparison rate, per annum 1,260-70% LVR 3
5. 89 %
Interest and comparison rate, per annum 1,2Over 70% LVR 3
5.99%
Interest and comparison rate, per annum 1,2Complete Package
6.24 % interest
6.57 % comparison
Rates per annum 1,2
But perhaps you want... the Complete Package?
If you do want an attached 100% offset account then choose our Complete Package for a $375 annual fee; it includes an optional fee-free, low-rate Visa credit card with attached Environmental Rewards program!
Complete Packages are also available for investment properties for a small interest rate surcharge (0.50%) and interest-only repayment terms are possible (again, for a small rate surcharge of 0.20%).
Home Loan Key Facts Sheet
Click here to obtain a personalised Key Facts Sheet
1 Variable interest rates are current at 11 May, 2023 and may change depending on the current economic conditions. Offer does not apply to construction or bridging loans. 2 WARNING: This comparison rate is 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. This comparison rate has been calculated on the basis of a $150,000 loan paid over 25 years.3 Loan-to-Value Ratio or LVR is a measure of the amount you owe on your loan compared to the value of your property. To calculate your current LVR, divide your loan amount by your property value and multiply the result by 100 to give you a percentage. 4 First Option Bank will cover the first $1,000 of valuation and legal costs, other external costs incurred by First Option Bank will be on-charged. Eligibility criteria, terms and conditions, fees and charges apply. Normal lending criteria apply. Stamp duty and government charges may apply. Any legal and valuation fees will be charged at cost. Product is based on First Option's Simple Home Loan and Complete Package and is provided by First Option Bank Ltd ABN 95 087 650 735, Australian Credit Licence no. 236 509.