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First Option Bank · Personal loan · Unsecured · Variable
LiveVIP PERSONAL LOAN
As of 18 September 2026, the First Option Bank VIP PERSONAL LOAN has a comparison rate of 8.24% (from 7.99% advertised), ranking 76th of 212 unsecured loans tracked by BankMate and sitting 8.89 points below the unsecured market average of 17.13%. 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.
8.24%comparison rate p.a.
from 7.99% advertised · Unsecured · variable · any purpose
Fees: $175 application.
Rate over time
Comparison rate · lenders publish the lowest rate in their range- VIP PERSONAL LOAN
- RBA cash rate
- Unsecured average
Changes
No changes recorded for this product since tracking began on 12 September 2026.
Rates
- Advertised rate
- from 7.99% p.a.
- Comparison rate
- 8.24% p.a.
- Rate type
- Variable
Fees
- Application fee
- $175
- Monthly fee
- None
- Annual fee
- None
- Early repayment fee
- None
Loan terms
- Extra repayments
- Yes
- Early payout
- Yes
- Redraw
- Yes
- Flexible repayment frequency
- No
Eligibility
- Minimum age
- 18
About this product
Available to members with an existing mortgage