First Option Bank Home Loans Rates & Review

First Option Bank Home Loans as of June 2025

Monthly repayment below is based on a $500,000 loan amount over 30 years.

Loan purpose

Loan amount

Compare

Lender	Home Loan	Interest Rate	Comparison Rate*	Monthly Repayment	Repayment type	Rate Type	Ongoing Fees	Upfront Fees	Max LVR	Tags	Link	Compare
First Option Bank	First Option Bank Simple Home Loan 60 (OO, P&I)	5.49% p.a.	5.49% p.a.	$2,836	Principal & Interest	Variable	$null	$360	60%	No application, ongoing or monthly fees Owner Occupier Variable Principal & Interest 40% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Discounted Simple Home Loan <60% (OO,PI)	5.49% p.a.	5.69% p.a.	$2,836	Principal & Interest	Variable	$null	$null	60%	Owner Occupier Variable Principal & Interest 40% Min Deposit More details	More details	Compare
First Option Bank	First Option Bank Discounted Simple Home Loan 60-70% (OO,PI)	5.59% p.a.	5.79% p.a.	$2,867	Principal & Interest	Variable	$null	$null	70%	Owner Occupier Variable Principal & Interest 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Home Loan 70 (OO, P&I)	5.59% p.a.	5.59% p.a.	$2,867	Principal & Interest	Variable	$null	$360	70%	Owner Occupier Variable Principal & Interest 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Discounted Complete Home Loan <60% (OO,PI)	5.64% p.a.	6.19% p.a.	$2,883	Principal & Interest	Variable	$375	$null	60%	100% Offset Owner Occupier Variable Principal & Interest 40% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Home Loan Package 60 (OO, P&I)	5.64% p.a.	6.00% p.a.	$2,883	Principal & Interest	Variable	$null	$null	60%	Owner Occupier Variable Principal & Interest 40% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Discounted Complete Home Loan 60-70% (OO,PI)	5.69% p.a.	6.24% p.a.	$2,899	Principal & Interest	Variable	$375	$null	70%	Owner Occupier Variable Principal & Interest 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Home Loan 95 (OO, P&I)	5.69% p.a.	5.69% p.a.	$2,899	Principal & Interest	Variable	$null	$360	95%	Owner Occupier Variable Principal & Interest 5% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Discounted Simple Home Loan >70% (OO,PI)	5.69% p.a.	5.89% p.a.	$2,899	Principal & Interest	Variable	$null	$null	70%	Owner Occupier Variable Principal & Interest 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Home Loan Package 70 (OO, P&I)	5.69% p.a.	6.05% p.a.	$2,899	Principal & Interest	Variable	$null	$null	70%	Owner Occupier Variable Principal & Interest 30% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Home Loan 60 (OO,IO)	5.69% p.a.	5.69% p.a.	$2,371	Interest-only	Variable	$null	$360	60%	Owner Occupier Variable Interest-only 40% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Discounted Complete Home Loan >70% (OO,PI)	5.74% p.a.	6.29% p.a.	$2,915	Principal & Interest	Variable	$375	$null	70%	Owner Occupier Variable Principal & Interest 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Investment Home Loan 60 (INV, P&I)	5.74% p.a.	5.77% p.a.	$2,915	Principal & Interest	Variable	$null	$1,060	60%	Investor Variable Principal & Interest 40% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Home Loan Package 95 (OO, P&I)	5.74% p.a.	6.09% p.a.	$2,915	Principal & Interest	Variable	$null	$null	95%	Owner Occupier Variable Principal & Interest 5% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Home Loan 70 (OO,IO)	5.79% p.a.	5.79% p.a.	$2,413	Interest-only	Variable	$null	$360	70%	Owner Occupier Variable Interest-only 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Investment Home Loan 70 (INV, P&I)	5.84% p.a.	5.87% p.a.	$2,947	Principal & Interest	Variable	$null	$1,060	70%	Investor Variable Principal & Interest 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Home Loan Package 60 (OO, IO)	5.84% p.a.	6.19% p.a.	$2,433	Interest-only	Variable	$null	$null	60%	Owner Occupier Variable Interest-only 40% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Home Loan 95 (OO,IO)	5.89% p.a.	5.89% p.a.	$2,454	Interest-only	Variable	$null	$360	95%	Owner Occupier Variable Interest-only 5% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Investment Loan Package 60 (INV, P&I)	5.89% p.a.	6.27% p.a.	$2,962	Principal & Interest	Variable	$null	$null	60%	Investor Variable Principal & Interest 40% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Home Loan Package 70 (OO, IO)	5.89% p.a.	6.24% p.a.	$2,454	Interest-only	Variable	$null	$null	70%	Owner Occupier Variable Interest-only 30% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Home Loan Package 95 (OO, IO)	5.94% p.a.	6.29% p.a.	$2,475	Interest-only	Variable	$null	$null	95%	Owner Occupier Variable Interest-only 5% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Investment Home Loan 60 (INV,IO)	5.94% p.a.	5.97% p.a.	$2,475	Interest-only	Variable	$null	$1,060	60%	Investor Variable Interest-only 40% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Investment Home Loan 95 (INV, P&I)	5.94% p.a.	5.97% p.a.	$2,978	Principal & Interest	Variable	$null	$1,060	95%	Investor Variable Principal & Interest 5% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Investment Loan Package 70 (INV, P&I)	5.94% p.a.	6.32% p.a.	$2,978	Principal & Interest	Variable	$null	$null	70%	Investor Variable Principal & Interest 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Investment Loan Package 95 (INV, P&I)	5.99% p.a.	6.37% p.a.	$2,995	Principal & Interest	Variable	$null	$null	95%	Investor Variable Principal & Interest 5% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Investment Home Loan 70 (INV,IO)	6.04% p.a.	6.07% p.a.	$2,517	Interest-only	Variable	$null	$1,060	70%	Investor Variable Interest-only 30% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Investment Loan Package 60 (INV, IO)	6.09% p.a.	6.47% p.a.	$2,538	Interest-only	Variable	$null	$null	60%	Investor Variable Interest-only 40% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Simple Investment Home Loan 95 (INV,IO)	6.14% p.a.	6.17% p.a.	$2,558	Interest-only	Variable	$null	$1,060	95%	Investor Variable Interest-only 5% Min Deposit Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Investment Loan Package 70 (INV, IO)	6.14% p.a.	6.52% p.a.	$2,558	Interest-only	Variable	$null	$null	70%	Investor Variable Interest-only 30% Min Deposit Offset Redraw More details	More details	Compare
First Option Bank	First Option Bank Complete Investment Loan Package 95 (INV, IO)	6.19% p.a.	6.57% p.a.	$2,579	Interest-only	Variable	$null	$null	95%	Investor Variable Interest-only 5% Min Deposit Offset Redraw More details	More details	Compare

More home loans

Variable Home Loan P&I <90%

Product Features

No application, ongoing monthly or annual fees.
Extra repayments allowed with fee-free redraw
Add an optional offset sub-account, T&C's apply.

Monthly repayments: $2,281

5.54% Advertised Rate (p.a.)

5.58% Comparison Rate (p.a.)

More details

Important Information and Comparison Rate Warning

Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

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First Option Bank Home Loans