At a glance
- Variable
- 8.69%7.79% comparison
- Upfront fee
- $250
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 | 8.69% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 37th lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 8.69% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 37th lowest of 47 |
Rates
The one rate First Option Bank publishes for this business loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Interest only | - | - | 8.69% | 7.79% | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 17 Oct 2026 | Variable, Interest only | 8.44% | 8.69% | up 0.25 |
Each change is logged the night it appears in the rates First Option Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
11 fees published, grouped by when they're charged.
When you take it out3
- BRIDGINGLOAN
Administration fee to cover the cost of setting-up a bridging loan when buying and selling a property
$250 - BUSINESSLOANADMIN$600
- CONSTRUCTIONLOAN
Construction loan fee which includes up to five progress payments to suppliers, additional construction loan progress payment fees $50 per payment
$600
When you make a transaction5
- LEGALFEES
First Option covers the first $1000 of Valuation and Legal Fees, other external costs are on-charged at-cost.
No fee - MORTGAGEDISCHARGE
Calculated at time of Discharge, up to a maximum of $600
$175 - SECURITYGUARANTEE$250
- SECURITYSUBSTITUTION$250
- TITLEPRODUCTION$150
When particular things happen3
- CONTRACTVARIATION$150
- LOANADMIN$250
- LOANCONSENT$400
Features
Eligibility and limits
- Available to businesses
Compare it with others
Put this product through a calculator
Published by First Option Bank under the Consumer Data Right, last changed by them on 16 Oct 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.