Firstmac Vital Loan


The main feature of the Vital 80 Home Loan is the very low variable rate of interest, available only for owner-occupied properties.

While this is a basic loan option, there are some features that give you flexibility and control over your repayments.

One of these features is the power to make additional repayments towards your loan without being charged any penalty fees. An added benefit to making additional repayments is having access to these extra funds through the redraw facility. Firstmac doesn’t charge penalty-fees for redrawing funds or have a cap on the number of times you can use it.

With the Firstmac Vital Loan, you also have control over your repayment schedule since you can choose to make weekly, fortnightly or monthly repayments. You can even split this loan with a fixed rate up to 10 times on this loan in order to take advantage of the benefits offered through both a variable rate and a fixed rate; the former where you can take advantage of dips in market rates and the latter where you can have stability from locking-in a rate and knowing exactly what your monthly repayments will be.

Vital 80 allows you to borrow quite a large amount with a maximum set at $1 million, however you have to have at least a 20 per cent deposit on your property in order to qualify for this loan.

An additional feature of Firstmac Vital 80 Home Loan is that it offers free BPay, direct credit and debit transactions.

Who is the Firstmac Vital Loan good for?

Vital 80 is an attractive loan for owner-occupiers looking to move away from standard banking providers and for people comfortable with doing everything online and over the phone for their home loan since there are no Firstmac branch or service centre locations.

This loan is well-suited for owner-occupiers looking for a basic home loan with its low variable interest rate and few extra features.

Review - What RateCity says

If you’re looking for simplicity in your home loan with a low interest rate and a few features, this could be a good option for you. Even though Vital 80 is a basic variable Home Loan, the available features give you control and flexibility over your loan repayments if you meet the minimum deposit amount.

This might not be the best loan option for borrowers who prefer face-to-face service since only telephone and online banking is available, however it’s really up to your preference and ultimately comes down to your needs to determine if this particular home loan is the most suitable option for you.

Firstmac Vital Loan Options

Click the link provided below for more information on the Vital 80 Loan.

Variable Rates from


Advertised rate


Comparison rate
  • Very low variable interest rate.
  • Early repayments and redraws offered penalty-fee free.
  • Loan split option.
  • No 100 per cent offset account.
  • High entry and exit fees.
  • Requires at least a 20 per cent deposit.

Must be able to provide proof of income.

Must be over 18 years of age.

Must meet serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Estimated upfront fees: $720.00
  • Discharge fees: $550
  • Ongoing fees: $0

Even though you will be charged no ongoing fees throughout the life of your loan, the entry and exit fees on the Vital 80 home Loan are high, which contributes to a large amount of the overall cost of this loan.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Firstmac

Firstmac is an Australian-owned non-bank lender with a long history in providing financial services for its customers offering home loans, saving accounts and investment products. Firstmac customers have 24/7 account access online and over phone with a fully Australia-based customer service team.

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