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First Option Bank · Home loans
Simple Home Loan
First Option Bank's Simple Home Loan is a home loan. The figures are the ones First Option Bank publishes under the Consumer Data Right today. The advertised rate last moved on 4 June 2026, up from 5.24% to 5.99%.
Advertised rate
5.99%
headline tier
Comparison rate
5.99%
as published
Last moved
+0.75pp
4 June 2026
Advertised rate, last 30 days. Unchanged over the last 30 days.
Every current rate (12)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Owner occupier, P&I, LVR up to 60%Under 60 LVR | 5.99% | 5.99% |
| Variable, Owner occupier, P&I, LVR 60 to 70%60 to 70 LVR | 6.09% | 6.09% |
| Variable, Owner occupier, Interest only, LVR up to 60%Under 60 LVR | 6.19% | 6.19% |
| Variable, Owner occupier, P&I, LVR 70 to 95%Over 70 LVR | 6.19% | 6.19% |
| Variable, Investor, P&I, LVR up to 60%Under 60 LVR | 6.24% | 6.27% |
| Variable, Owner occupier, Interest only, LVR 60 to 70%60 to 70 LVR | 6.29% | 6.29% |
| Variable, Investor, P&I, LVR 60 to 70%60 to 70 LVR | 6.34% | 6.37% |
| Variable, Owner occupier, Interest only, LVR 70 to 95%Over 70 LVR | 6.39% | 6.39% |
| Variable, Investor, Interest only, LVR up to 60%Under 60 LVR | 6.44% | 6.47% |
| Variable, Investor, P&I, LVR 70 to 95%Over 70 LVR | 6.44% | 6.47% |
| Variable, Investor, Interest only, LVR 60 to 70%60 to 70 LVR | 6.54% | 6.57% |
| Variable, Investor, Interest only, LVR 70 to 95%Over 70 LVR | 6.64% | 6.67% |
Rate moves, last 30 days
Published fees
| Fee | Amount |
|---|---|
| Bridgingloanupfront: Administration fee to cover the cost of setting-up a bridging loan when buying and selling a property | $250 |
| Invloan admin feeupfront: Plus Costs | $400 |
| CONSTRUCTIONLOANupfront: Construction loan fee which includes up to five progress payments to suppliers, additional construction loan progress payment fees $50 per payment | $600 |
| CONTRACTVARIATIONwhen it happens | $150 |
| Legalfeesper cash advance: First Option covers the first $1000 of Valuation and Legal Fees, other external costs are on-charged at-cost. | $0 |
| Loanadminwhen it happens | $250 |
| Loanconsentwhen it happens | $400 |
| MORTGAGEDISCHARGEper cash advance: Calculated at time of Discharge, up to a maximum of $600 | $175 |
| SECURITYGUARANTEEper cash advance | $250 |
| SECURITYSUBSTITUTIONper cash advance | $250 |
| TITLEPRODUCTIONper cash advance | $150 |
| GOVERNMENTFEESCHARGESper cash advance: Stamp Duties and other government costs depend on value of the property and state | $0 |
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