At a glance
- Variable (owner occ. P&I)
- 6.14% · 6.49% comparison
- Variable (investor P&I)
- 6.39%
- Max LVR
- 95%
- Annual fee
- $375
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 12
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment · Interest only | — | ≤60% LVR | 6.59% | 6.96% | — |
| Variable | Investment · Interest only | — | 60–70% LVR | 6.64% | 7.01% | — |
| Variable | Investment · Interest only | — | 70–95% LVR | 6.69% | 7.06% | — |
| Variable | Investment · P&I | — | ≤60% LVR | 6.39% | 6.76% | — |
| Variable | Investment · P&I | — | 60–70% LVR | 6.44% | 6.81% | — |
| Variable | Investment · P&I | — | 70–95% LVR | 6.49% | 6.86% | — |
| Variable | Owner occupied · Interest only | — | ≤60% LVR | 6.34% | 6.69% | — |
| Variable | Owner occupied · Interest only | — | 60–70% LVR | 6.39% | 6.74% | — |
| Variable | Owner occupied · Interest only | — | 70–95% LVR | 6.44% | 6.78% | — |
| Variable | Owner occupied · P&I | — | ≤60% LVR | 6.14% | 6.49% | — |
| Variable | Owner occupied · P&I | — | 60–70% LVR | 6.19% | 6.54% | — |
| Variable | Owner occupied · P&I | — | 70–95% LVR | 6.24% | 6.59% | — |
§ 02 — Fees · 14
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| GOVERNMENTFEESCHARGES | Cash advance | No fee | — | Stamp Duties and other government costs depend on value of the property and state |
| 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 |
| 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 | — | — |
| PACKAGE_HOME_LOAN_ANNUAL_FEE | Periodic | $375 | Every 1 yr | — |
| BRIDGINGLOAN | Upfront | $250 | — | Administration fee to cover the cost of setting-up a bridging loan when buying and selling a property |
| CONSTRUCTIONLOAN | Upfront | $600 | — | Construction loan fee which includes up to five progress payments to suppliers, additional construction loan progress payment fees $50 per payment |
| INVLOAN_ADMIN_FEE | Upfront | $400 | — | Plus Costs |
§ 03 — Features
Offset accountRedrawExtra repaymentsDigital banking
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian Residents
- · Available to individuals
- · Amount $5,000 to no maximum
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by First Option Bank under the Consumer Data Right, last changed by them on 14 Sept 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.