Grab a great discounted variable interest rate for the next two years!



Discounted variable interest rate1


 Comparison Rate3  

Variable interest rates for home loan refinancing or for new property purchases, discounted for the first two years2. Offer available for owner-occupier or investment properties4 and applies to principal plus interest or interest-only5 loans. Applications can be conditionally approved in just two business days!

Premium home loan package

Our most popular home loan package is the perfect balance between low interest rates with all the nice-to-have extras; attached 100% offset account, unlimited extra repayments, free redraw and a fee-free Visa card.


  • Application outcome in just two business days
  • Loan terms up to 30 years
  • Owner-occupier or investment property loans4
  • Principal plus interest or interest-only options available5
  • Maximum loan amount up to 80% LVR6
  • No early-payout penalty


Offset:  yes, 100% offset 
Extra repayments: yes, unlimited and free
Redraw option: yes, included for free
Eligible for a fee-free, low-interest Visa credit card 
Includes first $1,000 of legal and valuation costs!


Application fee: $0
Monthly fees: $0
Annual fee: $375

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 of $800,000 and above. Contact First Option Bank for more information on other interest rates.
2 Variable interest rates change depending on the current economic conditions
3 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.
4 For investment property loans, add 0.3%. Offer does not apply to construction or bridging Loans.
5 For interest-only loans, add 0.2% pa to published interest rates
6 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.
7 First Option Bank will cover the first $1,000 of valuation and legal costs, other external costs incurred by First Option Bank will be on-charged
8 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.
9 Limited time offer and can be withdrawn at any time