Personal loan · Unsecured · Variable
Personal Loan
14.25%comparison rate p.a.
from 13.99% advertised · Unsecured · variable · any purpose
67th of 77 unsecured loans
Comparison rates are based on a loan of $30,000 over 5 years, secured or unsecured as each loan is. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees: $175 application.
- Advertised rate
- from 13.99% p.a.
- Application fee
- $175
- Loan amount
- From $2,000
- Minimum age
- 18
- Comparison rate
- 14.25% p.a.
- Monthly fee
- None
- Advertised rate
- from 13.99% p.a.
- Comparison rate
- 14.25% p.a.
- Rate type
- Variable
- Application fee
- $175
- Monthly fee
- None
- Annual fee
- None
- Early repayment fee
- None
- Loan amount
- From $2,000
- Loan term
- Up to 7 years
- Extra repayments
- Yes
- Early payout
- Yes
- Redraw
- Yes
- Flexible repayment frequency
- No
- Minimum age
- 18
- Residency
- Australian residents only
- Personal Loan
- RBA cash rate
- Unsecured average
No changes recorded for this product since tracking began on 12 September 2026.
Also from First Option Bank: New Car Loan 11.25% · Used Car Loan 11.25%
As of 13 November 2026, the First Option Bank Personal Loan has a comparison rate of 14.25% (from 13.99% advertised), ranking 67th of 77 unsecured loans tracked by BankMate and sitting 3.56 points above the unsecured market average of 10.69%. It is an unsecured variable-rate loan for any purpose with fees of $175 application. Lenders publish the lowest rate in their range; the rate offered depends on the applicant. From the provider's Consumer Data Right feed, refreshed nightly.