Important disclosure
Simple Home Loan (Variable)
Interest Rate
5.79%
p.a
Variable
Comparison Rate*
5.79%
p.a
5.79%
p.a
Variable
5.79%
p.a
$3,158
based on $500,000 loan amount for 25 years at 5.79%
Calculate your repayments for this loan
Your estimated repayment
$3,158
based on $500,000 loan amount for 25 years at 5.79%
Promoted home loans
Promoted
Variable Rate Home Loan – Refinance Only
Gold Award Winner 2023
special
Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.5.74%
p.a
Variable
5.65%
p.a
Promoted
Discount Variable
5.79%
p.a
Variable
5.81%
p.a
Pros and cons
For Simple Home Loan (Principal and Interest) (LVR < 60%)
Benefits
- Interest rates ranked in the best 20%
- No upfront or ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
First Option Bank Variable Rate Home loan overview
For Simple Home Loan (Principal and Interest) (LVR < 60%)
Details
Maximum LVR 60% | Total Repayments $947,289 |
Interest rate type Variable | |
Borrowing range
$0
-
$100m
| Suitable for Owner Occupiers |
Loan term range 1 - 30 years | Repayment type Principal and Interest |
Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Target Market Determination Visit First Option Credit Union Limited to view Target Market Determination. |
Features
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Offset account No | Split interest facility |
Loan portable | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits |
Fees
Total estimated upfront fees $0 | Application fee $0 |
Legal fee $0 | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $175 |
