Platinum Investment Loan (Interest Only)
- Last updated on 30 May 2020
based on $300,000 loan amount for 25 years
- No upfront fees
- 100% full offset account
- Suitable for low deposits
- Parents can sign as guarantor
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$800k - $1m
Principal & interest
Loan term range
1 - 25 years
100% offset account
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Pre-approved Cash Rewards Visa Credit Card (upto $5,000) with no monthly fee,Free consultation with Bridges Financial Planning, 50% discount off Credit Union fees charged forForeign Exchange/Currency services, 5% discount off Mortgage Insurance
Compare and review home loans with similar features
First Option Bank is a member-owned mutual bank that was founded in 1965. The ‘First Option Credit Union’ name emerged in 2005 after a merger between TAB Credit Union and Flying Horse Credit Union. Previously, several other smaller industry-based credit unions had been merged into what is now known as First Option Bank.
As a mutual bank, its members are its shareholders and profits re-invested into the business. While it was initially created to serve employees of some well-known Australian companies, it is now open to everyone.
It provides a variety of financial services, including home loans, car loans, personal loans, savings and transaction accounts, insurance and financial planning.
First Option Home Loan Calculator
Interested in a First Option home loan? RateCity has a suite of calculators that can show you what your repayments would be and how First Option compares to its competitors. Simply plug in your borrowing amount below.