Welcome to First Option Bank
Established in 1965
We're the community bank that looks after Public Servants and would love to talk to you!
Current Owner Occupied Refinance Special Offer
- Interest Rate - 1.99% pa* fixed for 2 years
- Comparison Rate - 3.07% pa^
- Loan Type - Principal and Interest
- Annual Fee - $0
- Extra Repayments - Yes
- Free Redraw Facility - Yes
- Offset Account - Yes
- ACT Residents Only
- APS & ACTPS Staff Only
- Property can be located outside of ACT
- Applications must be in by 30/11/20
- Rural properties are excluded
- Post Fixed - Reverts to variable rate
- Maximum Term - 30 years
- Maximum LVR - 80%
Some FAQ's for you
Are you Government Guaranteed?
Yes, we're an Authorised Deposit Taking Institution and regulated by APRA.
How big are you?
We're a small bank of 18 people and we keep our costs low so we can pass on the value to our members.
Why haven't we heard about you?
We never advertised as a Credit Union and only started to advertise this year.
Can I use the special offer to buy?
Unfortunately, that rate is only for people who have a home loan at another bank and refinance with us.
What documentation do I need?
We require the usual such as tax returns, copies of statements etc.
Are you different to the big banks?
We're customer owned and our profits go back to member value not to shareholders.
Refinancing is an easy process
Other bank advised
New loan starts with us
We're different and proud of it
We recently needed to re-finance our Mortgage and the service and care that was provided… was beyond our expectations.
Steve and Fiona say…
My son Sam and I recently became members and had a loan funded through the team. It is with great pleasure that I now provide this positive feedback and very happy with services provided.
I did all my research before engaging in the idea of an investment property and I found that First Option had the best and most flexible mortgage solution for my needs.
Billy Jay says…
First Option refinanced my home loan and help me set up my monthly budget. Now I can relax knowing that all of my bills are catered for.
I joined when they were TAB Credit Union and now First Option Bank. I’ve had four loans with them in the past three years and recommend them to anyone.