Simple Home Loan
Our simple home loan is just that. A straightforward home loan with a great rate, free redraw,no application or annual fees, and you can make extra repayments.
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Low variable rate
Allowing you to save on interest.
Save on Fees
No application, ongoing or monthly fees.
$1,000
Towards legal and valuation costs*
Free Redraw
Access your money via internet banking at any time.
Save on interest
Make additional repayments at any time.
Flexibility
Available for owner occupied, investment and interest only repayments.
*Available for owner-occupied loans
Interest Rates
Owner occupied, principal and interest repayments
|
Loan to Value Ratio |
Interest Rate |
Comparison Rate1 |
|
<60% |
5.49% |
5.49% |
|
60-70% |
5.59% |
5.59% |
|
70%+ |
5.69% |
5.69% |
Investment & Interest Only Interest Rates
View Interest Rates
Home Loan Calculator
Home Loan Process
Step 1
Submit your application online to let us know about your income, expenses and debts.
Step 2
If everything looks good, we will offer you conditional approval while we assess your financial position.
Step 3
We’ll provide you with formal approval and work with you to get you into your home as soon as possible.
Education Videos
1WARNING: 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. This comparison rate has been calculated on the basis of a $150,000 loan paid over 25 years.3 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. 4 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. 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.