Personal loans
Looking to renovate, take a holiday or make a big purchase?We offer personal loans for a wide variety of purposes.
Personal loans
Loans for home renovations, family holidays and big life events.
Low fees, flexible terms and extra payments and redraw included as standard.
- Loan terms up to 7 years
- Principal plus interest terms
- Early payout penalties: none
- Extra repayments: yes, unlimited and free
- Redraw: available for a $10 fee
- Application fee: $1753
- Monthly fees: none
- Annual fees: none
VIP personal loans
Personal loans for members who already have a First Option home loan.
With no application fees, amazing rates and our excellent personal banking service.
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Loan terms up to 7 years
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Principal plus interest terms
- Early payout penalties: none
- Extra repayments: yes, unlimited and free
- Redraw: available for a $10 fee
- Application fee: $1753
- Monthly fees: none
- Annual fees: 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 4 VIP Personal Loan application fees are waived for members with current First Option home loan packages and have paid an annual home loan package fee