Personal lending
Often life-improvement plans require a little extra money; for a new car, home renovation, holiday or to put on the picture-perfect family wedding. Our team of personal bankers are just a phone call away to chat about your options. Or if you're a member already, apply online now ...
Pay later programs vs low-rate credit cards
Pay later programs can certainly be convenient but there are a few things you should think about before you apply for credit at point-of-sale... Dr Steve explains a couple of reasons why you might want to think about using a low-rate credit card instead!
Low-rate Visa credit card
Low interest rate: 9.99% pa*
Interest free period up to 45 days
No annual fees for two years, then just $48 per year
Car loans
Choosing a new car might be a hard decision but applying for financing for it doesn't have to be. We offer loans to members for the purchase of new or used cars, less than 7 years old.
Features
Inclusions
Early payout penalties: none
Extra repayments: yes, unlimited and free
Redraw: available for a $10 fee
Fees
Application fee: none
Annual fees: none
Early pay-out fee: none
Personal loans
Loans for members for things like home renovations, family holidays and big life events. Low fees, flexible terms and extra payments and redraw included as standard.
Features
Inclusions
Early payout penalties: none
Extra repayments: yes, unlimited and free
Redraw: available for a $10 fee
Fees
Application fee: $1753
Monthly fees: none
Annual fees: none
VIP personal loans
Extra special personal loans just for members who already have a First Option home loan package: no application fees, amazing rates and our usual excellent personal banking service.
Features
Inclusions
Early payout penalties: none
Extra repayments: yes, unlimited and free
Redraw: available for a $10 fee
Fees
Application fee: none
Monthly fees: none
Annual fees: none
1 Interest rates are subject to change at the discretion of First Option Bank
2 Comparison rates are calculated on a loan amount of $30,000 over a term of 5 years. 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 different comparison rates.
3 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 on-charged at cost. Product is provided by First Option Bank Ltd ABN 95 087 650 735, Australian Credit Licence no. 236 509
4 VIP Personal Loan application fees are waived for members with current First Option home loan packages and have paid their annual home loan package fee
Premium home loan package
Our most popular home loan packages with the perfect balance between low interest rates with included extras like attached offset account up to 100% of the loan value, free redraw facilities and unlimited extra repayments
