Overdrafts
Family First Bank offers three overdraft options for you to choose from.
Overdrafts
Family First Bank offers three overdraft options for you to choose from.
Please review our Target Market Determination documents to see if this is the right product for you:
Unsecured Overdraft
Get through those peak periods of unexpected bills with our Unsecured Overdraft, speak to a friendly member of our staff to calculate how much you could borrow based off your income.
- No monthly service fees
- Only pay interest on the portion of the overdraft used
- Interest calculated daily and charged monthly
Interest rate | |
Minimum amount | $500 |
Maximum amount | $30,000 |
Loan period | Continuing credit |
Repayments | Monthly |
Interest charges | Calculated daily, charged monthly on the portion of the overdraft used |
Loan Establishment fee | Yes |
Monthly service fees | No |
Auto repayments | Yes |
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This table is provided as a guide only. Terms and conditions are available on application or request. Loan applications are assessed on a number of criteria which may result in a higher interest rate. This is general information only and your needs and financial circumstances have not been taken into account. Terms, conditions, fees and charges may apply. Before using any of Family First Bank’s products or services you should read our Financial Services Guide. |
|
From
14.50%pa
This table is provided as a guide only. Terms and conditions are available on application or request.
Loan applications are assessed on a number of criteria which may result in a higher interest rate.
This is general information only and your needs and financial circumstances have not been taken into account. Terms, conditions, fees and charges may apply. Before using any of Family First Bank’s products or services you should read our Financial Services Guide.
Mortgage Secured Overdraft
Use our Mortgage Secured Overdraft to cover those peak periods when unexpected bills arrive and pay a low interest rate on the amount you borrow. Access money when needed and pay a low interest rate on what you use.
- Borrow for any purpose and have a revolving credit facility
- Pay a low, ongoing, interest rate
- No monthly fees
Interest rate | |
Minimum amount | $5,000 |
Maximum amount | 80% of the property value |
Loan period | N/A |
Flexible repayment options | Due monthly |
Interest charges | Calculated daily, charged monthly on the portion of the overdraft used |
Third party legal & valuation fees | At cost $1040 (approx) |
Lump sum payments without penalty | Yes |
Early termination fee | No |
Redraw facility | N/A |
Property valuations | Yes |
Monthly service fees | No |
Auto repayments | Yes |
Loan establishment fee | Yes |
|
This table is provided as a guide only. Terms and conditions are available on application or request. Loan applications are assessed on a number of criteria which may result in a higher interest rate. This is general information only and your needs and financial circumstances have not been taken into account. Terms, conditions, fees and charges may apply. Before using any of Family First Bank’s products or services you should read our Financial Services Guide. |
|
From
9.60%pa
This table is provided as a guide only. Terms and conditions are available on application or request.
Loan applications are assessed on a number of criteria which may result in a higher interest rate.
This is general information only and your needs and financial circumstances have not been taken into account. Terms, conditions, fees and charges may apply. Before using any of Family First Bank’s products or services you should read our Financial Services Guide.
Secured Overdraft
Look no further than our Secured Overdraft, speak to a friendly member of our staff to calculate how much you could borrow based off your current savings.
- No monthly service fees
- Only pay interest on the portion of the overdraft used
- Interest calculated daily and charged monthly
Interest rate | |
Minimum amount | $5,000 |
Maximum amount | Equal to the amount secured by Fixed Term Deposit (Savings) |
Loan period | Continuing credit |
Repayments | Weekly, fortnightly or monthly |
Interest charges | Calculated daily, charged monthly on the portion of the limit used |
Loan Establishment fee | Yes |
Monthly service fees | No |
Auto repayments | Yes |
|
This table is provided as a guide only. Terms and conditions are available on application or request. Loan applications are assessed on a number of criteria which may result in a higher interest rate. This is general information only and your needs and financial circumstances have not been taken into account. Terms, conditions, fees and charges may apply. Before using any of Family First Bank’s products or services you should read our Financial Services Guide. |
|
From
9.60%pa
This table is provided as a guide only. Terms and conditions are available on application or request.
Loan applications are assessed on a number of criteria which may result in a higher interest rate.
This is general information only and your needs and financial circumstances have not been taken into account. Terms, conditions, fees and charges may apply. Before using any of Family First Bank’s products or services you should read our Financial Services Guide.
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