First Option Bank home loans

Your guide to home loan offers from First Option Bank.

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First Option Bank

On this page you can find information about First Option Bank home loans. Skip ahead to the full table of products or read more about the lender.

Compare First Option Bank home loans

Compare First Option Bank home loan products below and hit "load more" to see a fuller selection of loans.

Rates last updated December 11th, 2019
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Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
First Option Bank Platinum Home Loan - $800k+ (Investor, P&I)
3.99%
4.38%
At cost
$375 p.a.
95%
First Option Bank Premium Home Loan -  $150k to $600k (Owner Occupier, P&I)
3.89%
4.26%
At cost
$375 p.a.
95%
First Option Bank Classic Home Loan - Principal and Interest (Owner Occupier)
4.49%
4.49%
At cost
$0 p.a.
95%
Experience flexibility whether borrowing as an owner occupier or investor.

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First Option Bank lender profile

  • First Option Bank is a member-owned organisation created in 2005 with the merger of TAB Credit Union (NSW) and Flying Horse Credit Union (Victoria) to form a union focused on the gaming, leisure, hotel, telecommunications and petrochemical industries.
  • First Option Bank is based in Victoria with a branch office in South Melbourne.
  • First Option Bank helps customers with loans, business finance, banking, travel insurance and money transfers.

How do I apply for a First Option Bank mortgage?

If you'd like to apply for a home loan from First Option Bank, please contact the lender directly.

Eligibility

Each First Option Bank product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with First Option Bank you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

  • Identification documents. You will need identification such as a driver's license, passport or birth certificate.
  • Proof of income documents. Recent payslips can establish your income.
  • Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Detailed guide to home loan applications and paperwork

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Home Loan Offers

Important Information*
Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Online only cashback offer: Refinancers borrowing $250,000 or more can get a $4,000 cashback for their first application (Other terms, conditions and exclusions apply). Buyers and refinancers can get this competitive variable interest rate. Application fee waived for loans above $150,000.

Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 2.84% p.a. and a 2.84% p.a. comparison rate.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)

Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.

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