First Option BankBUSINESS NEW VEHICLE LOAN
NEW VEHICLE, 7 YEARS FIXED
At a glance
- Fixed
- 11.99%12.25% comparison
- Upfront fee
- $175
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 11.99% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 44th lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 11.99% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 44th lowest of 47 |
Rates
The one rate First Option Bank publishes for this business loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | P&I | 7 yrs fixed | - | 11.99% | 12.25% | - |
Fees
2 fees published, grouped by when they're charged.
When you take it out1
- PERSONAL_LOAN_APPLICATION$175
When you make a transaction1
- PERSONAL_LOAN_REDRAW$10
Features
Eligibility and limits
- Available to businesses
Compare it with others
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Published by First Option Bank under the Consumer Data Right, last changed by them on 25 Mar 2025. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.