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Thanks for choosing First Federal!

Please read through the following information and our Product Guide to answer the short Accreditation Quiz below.

Our loans are fast, simple and flexible. Here are some key points we want you to know:

• The discharge fee for all First Federal products is $880 with no early repayment penalties.
• Unlimited redraw is available on all coded products for no additional fee.
• Our max loan term is 30 years, and interest-only periods are available up to 3 years for select First Federal products.
• Our First Choice Plus loan has a max loan size of $2M and max LVR of 80%. It offers a flexible approach to credit history.
• Our First Freedom loan has a max loan size of $3M and a max LVR of 80%. We offer cash out on our First Freedom product up to $500,000.
• Our First Business 30 (commercial) loan has a max loan size of $3M and a max LVR of 75%. It is a non-code alternative solution for residential needs.
• Our First Business 3 (commercial) loan has a max loan size of $5M and max LVR of 70%. It is a short term commercial option for clients.
• There are no upfront costs for any coded First Federal products.
• Our maximum exposure to any single client is $5M (regardless of product).
• Accepted borrowers for coded loans are individuals, with companies accepted for our commercial products.
• We can do pre-approvals, but we don’t do second mortgages.
• We don't do clawbacks, ever!

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