Firstmac Vital 80 Firstmac Vital 80 (Interest Only) (Owner Occupied)

  • 4.33%
    p.a Basic Variable
  • 4.35%
    p.a Comparison**
  • $720
    Upfront fees
  • $0
    Annual fees
  • 80%
    Max LVR
  • $1,912
    Per Month*

About Firstmac

Firstmac Limited is an Australian owned alternative bank to the Big4, with 35 years of experience in home and investment loans. Firstmac have secured over 68,000 home loans in the past decade. Firstmac use intelligent online technology and highly-trained local support staff based in an award-winning Australian call centre. They’re dedicated to bringing simple, affordable and innovative financial products to market, underpinned by a lengthy track record of success and a pedigree in prime, mortgage-insured, residential home loans.

Basic Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 80% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

15 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving
Not Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Internet Banking
Telephone Banking
Credit Card
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Monthly.

Interest Only Option
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Firstmac Vital loan offers lending rates with a wide range of additional benefits. See the rate sheet for more details. $0 Annual Fee. The annual fee is waived for the life of the loan. Loan Features - Unlimited 24-hour, 7 days a week, access to your account online and by phone - Borrow up to $2M when LVR is <80% - Manage everything online including loan transactions and statements. Unlimited free redraws, direct debit, direct credits and bill payments available with the variable products. Flexible payment options - monthly, fortnightly or weekly. Principal and Interest repayments with Interest only term – 5 Year option available for <80% LVR. Maximum number of splits are 10. Minimum split amount is $50k. Security Type: First Registered mortgage over residential property including: - Residential homes - Residential units and townhouses - Crown leasehold with term 5 years and beyond maturity of the loan - Rural residential housing up to 10 hectares (rural land zoned for residential occupation) - Units >50m2 - Community title

LVR Notes

LMI not required for <80% LVR.

Fee Notes

Documentation fee $200 Quoted fees are available for individual borrowers only. If the borrower is a company or trust, additional fees will be payable by the borrower. Valuation fee to be paid at cost – quoted fee is an estimate, subject to change depending on postcode, value of property, type of property. Discharge fees are waived if loan is discharged at full term.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided