Rating based on 29 reviews

First Choice

  • Credit union loans up to $100,000
  • Low-interest starting from 4.0%
  • Repayment up to 6 years

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First Choice homepage
Author First Choice. Screenshot of First Choice website.
[Accessed May 26, 2023]

About First Choice

When it comes to personal service – no bank or online lender can offer you the face-to-face service that a credit union like First Choice Credit Union can.

They’re known amongst their members for offering quality personalized service in a way which makes a big difference. With a history dating back some 46 years, First Choice Credit Union is one o Australia’s longest standing credit unions with decades of reliable service behind them.

Why choose them?

With expenses increasing at an astounding rate, cutting back on unnecessary costs and looking for ways to save have become a part of many Australian lives.

By choosing to a bank and lend with a credit union like First Choice Credit Union you will not only access lower rate home, car and personal loans but you will save on service fees and get higher returns on any savings.

Complete transparency

While it may serve banks well to keep customers in the dark when it comes to the actual costs of any type of fast loan – you’ll find the transparency you deserve at First Choice Credit Union.

First Choice Services

First Choice Credit Union is a popular credit union that offers home loans, personal loans, car loans, everyday banking, savings and investment accounts and products. They are a cost-effective alternative to banks and encourage more savings for everyone!

You can also find a range of partner products and services including Travelex and Western Union among many other well-known brands and service providers.

Interest rates

All First Choice Credit Union’s interest rates are displayed on their website and this includes a comparison rate which typically offers a more accurate picture of what you’ll be paying overall – fees included.

First Choice Credit Union’s special car loan rate is currently among the most competitive in the country at an astounding 1.80% per annum and their owner-occupied mortgage at a 2 year discounted rate which is currently at 4.05% per annum.

Term deposits

First Choice Credit Union has some of Australia’s highest rate term deposits with their 12 month product offering a rate of 2.25% per annum. Term deposits allow members to save and earn interest in a safe, manageable and easy way.

First Choice – Credit union loan

  • Loan Type Credit union loans
  • Interest Rate from 4.0%
  • Loan Amount up to $100,000
  • Repayment 30 days to 6 years

Benefits of First Choice

  • Reliable credit union loans
  • Get a loan up to $100,000
  • Flexible repayment terms up to 6 years

Credit union loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This credit union loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Join the Credit Union that cares

Some of the top reasons to join a credit union include getting lower interest rates, paying less or no fees and getting better service than you’re currently getting at your bank.

By supporting your local credit union you not only allow yourself to access low rate credit and higher interest savings but you also support your local community.

Using guides and calculators

First Choice Credit Union’s website offers the following credit calculators to help you plan ahead:

  • A regular loan calculator which allows you to manually enter the currency, APR and a repayment term of a loan to work out monthly instalments, total cost and total interest repayments
  • A mortgage loan calculator
  • A lump sum repayment calculator
  • An extra repayments calculator
  • A loan comparison calculator

Apply for credit online

First Choice Credit Union allows members to quickly and easily get the credit they’re looking for by completing an online loan application.

Their process even allows you to upload supporting documents when necessary online or by email. Prior to doing this, you should make your way to their fees and interest rates pages and/or make use of their loan calculators. This will ensure that you have properly assessed your needs and how these can be met by First Choice Credit Union.

man holding thumbs up

First Choice is a trusted & reliable provider of credit union loans

In our review, First Choice adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ First Choice is a registered credit provider in Australia: ACL 240722

Customer Reviews & Testimonials

October 2018

Transparency is a key ethical factor at First Choice. When I walked out of their offices I did not feel coerced into taking out the loan nor did I feel as though I had signed documentation that I...

Paul R
— Maryborough —

February 2019

It is no wonder that they are the first choice in lending. Their application process is not only simple but efficient too. Everything can now be completed online making my life a lot more stress-...

Samantha M
— Portland —

First Choice Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed