At a glance
- Variable
- 8.44% · 7.79% comparison
- Upfront fee
- $1,450
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Interest only | — | — | 8.44% | 7.79% | — |
§ 02 — Fees · 11
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| LEGALFEES | Cash advance | No fee | — | First Option covers the first $1000 of Valuation and Legal Fees, other external costs are on-charged at-cost. |
| MORTGAGEDISCHARGE | Cash advance | $175 | — | Calculated at time of Discharge, up to a maximum of $600 |
| SECURITYGUARANTEE | Cash advance | $250 | — | — |
| SECURITYSUBSTITUTION | Cash advance | $250 | — | — |
| TITLEPRODUCTION | Cash advance | $150 | — | — |
| CONTRACTVARIATION | Event | $150 | — | — |
| LOANADMIN | Event | $250 | — | — |
| LOANCONSENT | Event | $400 | — | — |
| BRIDGINGLOAN | Upfront | $250 | — | Administration fee to cover the cost of setting-up a bridging loan when buying and selling a property |
| BUSINESSLOANADMIN | Upfront | $600 | — | — |
| CONSTRUCTIONLOAN | Upfront | $600 | — | Construction loan fee which includes up to five progress payments to suppliers, additional construction loan progress payment fees $50 per payment |
§ 03 — Features
RedrawDigital banking
§ 04 — Eligibility & limits
- · Available to businesses
§ 05 — Compare
§ 06 — Run the numbers
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Published by First Option Bank under the Consumer Data Right, last changed by them on 19 May 2026. 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.