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First Option Bank · Business loans
Mortgage Business Loan
First Option Bank's Mortgage Business Loan is a business loan. The figures are the ones First Option Bank publishes under the Consumer Data Right today. The advertised rate last moved on 16 October 2026, up from 8.44% to 8.69%.
Advertised rate
8.69%
headline tier
Comparison rate
7.79%
as published
Last moved
+0.25pp
16 October 2026
Advertised rate, last 30 days. Between 8.44% and 8.69% over the last 30 days.
Every current rate (1)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Interest only | 8.69% | 7.79% |
Rate moves, last 30 days
- 16 October 2026: Variable, Interest only lifted 0.25pp, from 8.44% to 8.69%.
Published fees
| Fee | Amount |
|---|---|
| BUSINESSLOANADMINupfront | $600 |
| MORTGAGEDISCHARGEper cash advance: Calculated at time of Discharge, up to a maximum of $600 | $175 |
| CONTRACTVARIATIONwhen it happens | $150 |
| Loanadminwhen it happens | $250 |
| CONSTRUCTIONLOANupfront: Construction loan fee which includes up to five progress payments to suppliers, additional construction loan progress payment fees $50 per payment | $600 |
| Bridgingloanupfront: Administration fee to cover the cost of setting-up a bridging loan when buying and selling a property | $250 |
| Loanconsentwhen it happens | $400 |
| SECURITYGUARANTEEper cash advance | $250 |
| SECURITYSUBSTITUTIONper cash advance | $250 |
| TITLEPRODUCTIONper cash advance | $150 |
| Legalfeesper cash advance: First Option covers the first $1000 of Valuation and Legal Fees, other external costs are on-charged at-cost. | $0 |
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