Need wheels?

Finding and buying the right car can be hard, but making sure you've got the money to do it doesn't have to be. If you're already a member give our team and call and chat through your options. If you're not a First Option member we can still still help you, just use the short form below to send our team a message and they'll get back to you as soon as they can to discuss. 

Car loans

Choosing a new car might be a hard decision but applying for financing for it doesn't have to be. We offer loans to members for the purchase of new or used cars, less than 7 years old.


Interest rate of 10.99% per year1 
(Comparison Rate of 11.24% per annum)2
Loan terms up to 7 years
Available for vehicles aged up to 7 years
(Older vehicles can be considered)
Principal plus interest terms
Minimum loan amount is $15,000


Early payout penalties:  none
Extra repayments: yes, unlimited and free
Redraw: available for a $10 fee


Application fee: $1753
Annual fees: none
Early pay-out fee: none

1 Interest rates are subject to change at the discretion of First Option Bank 2 WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a loan amount of $30,000 over a term of 5 years. 3 Eligibility criteria, terms and conditions, fees and charges apply. Normal lending criteria apply. Stamp duty and government charges may apply. Any legal and valuation fees will be on-charged at cost. Product is provided by First Option Bank Ltd ABN 95 087 650 735, Australian Credit Licence no. 236 509 


First Option Bank - low-rate credit card

Low-rate Visa credit card

Low interest rate: 10.49% pa*
Interest free period up to 45 days
Annual fee just $48 per year

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