Refinance your home loan - public service staff special


Discounted variable interest rate, per annum1


 Comparison Rate, per annum2  

Refinance now to a just-right-sized bank with a variable interest rate discounted for three years, exclusively available to public service staff.  No application fees, no annual fees, no monthly fees and applications can be approved in just two days. First Option has been helping public service employees buy their homes for over fifty years.


  • 1.99% discounted variable annual interest rate for 3 years (2.96% p.a. comparison rate) then standard variable interest rates apply
  • No fees6
  • Application outcome in two business days
  • Owner-occupier or investment property3 loans
  • Interest-only loans possible4
  • Maximum loan-to-value5 ratio: 80%
  • Offer available exclusively to public service employees in the ACT, and their families


Includes 100% offset account
Includes unlimited, free extra repayments and redraw options
Eligible for a fee-free, low-interest Visa credit card 


Application fee: $0
Monthly fees: $0
Annual fee: $0

Book a call-back below, and get help preparing your successful loan application.

Choose a time to discuss your home loan refinancing options.
Book a call-back with Rhonda

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View rates

1 Discount rates are calculated based on the standard variable interest rates current at 1 June 2021. Promoted rates apply to owner-occupier, principal and interest loans. Contact First Option Bank for more information on other interest rates. Variable interest rates change depending on the current economic conditions
2 Comparison rates take into consideration any upfront fees, charges and expected changes to interest rate structures to give you an actual annual cost for your loan. This can help you compare, like-for-like, loans from other providers but it doesn’t reflect industry average interest rates and it isn’t personalised for your particular circumstances. The rate has been calculated on a loan amount of $150,000 over a term of 25 years.
3 For investment property loans, add 0.3%. Offer does not apply to construction or bridging Loans.
4 For interest-only loans, add 0.2% pa to published interest rates
5 Loan-to-Value Ratio or LVR is a measure of the amount you owe on your loan compared to the value of your property. To calculate your current LVR, divide your loan amount by your property value and multiply the result by 100 to give you a percentage.
6 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 charged at cost. Product is based on First Option Platinum Home Loan and is provided by First Option Bank Ltd ABN 95 087 650 735, Australian Credit Licence no. 236 509. This offer is available to both current and new members, however, members are unable to refinance their existing First Option loans.
7 Limited time offer and can be withdrawn at any time