Premium Plus Home Loan (Principal and Interest)
- Last updated on 04 Aug 2020
Smart Booster Home Loan Discounted Variable
special1.99% variable rate for 12 months then 2.57% variable rate
Get one of the lowest variable interest rates on the market
Intro 12 months
Smart Booster Home Loan Discounted Variable - 1yr
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
$600k - $800k
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
Total estimated upfront fees
Other upfront fee
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.
RateCity wants to prove that it pays to check your home loan rate, and provide some extra motivation for doing so. We want to encourage people to take an active interest in their home loans, and gain a thorough understanding of what they’re paying and how much they could save.
You can only check your rates once. However we will send you, via email, the link to the result page so that you may return to it.
The winner will be chosen randomly from our entries on 21 May 2020 by Loyalty.com.au, in the presence of an independent scrutineer.
No. You can invite as many people to enter the competition as you like. Just remember that you’ll only get one extra entry in the competition for each invited friend that checks their own rate.
No. While we will do our best to show a list of loans that may suit your needs, if you choose to apply to refinance, it is up to the lender to approve or disapprove your loan based on your individual circumstances, after you have submitted all your paperwork.
This can sometimes take up to 30 days, so it is important to find out exactly what the criteria is for the loan, and what you need in terms of paperwork. RateCity does not make any suggestions taking into account your personal and individual needs.