Variable
Firstmac Prime Variable
- Optional offset
- Free redraw
- No annual fee
Sharp prime variable pricing, frequently a panel-leader
Current rate: published on Firstmac's own rate card
Non-bank
Firstmac
Family-owned non-bank lender, one of the largest non-bank issuers of RMBS in Australia. Frequently price-leads on prime variable home loans.
BrisbaneFounded 1979Australian Credit Licence 290600
Firstmac at a glance
Firstmac is a non-bank lender. It offers home loans.
- Lender type
- Non-bank
- Bank or non-bank
- Non-bank lender (not an ADI)
- Credit licence
- ACL 290600, Firstmac Limited
- Lends
- Home loans
- Headquarters
- Brisbane
Strengths
- Frequently among the cheapest prime variable rates
- Family-owned, long operating history
- Active in the broker channel and direct
Watch out for
- Lower brand recognition than majors
- Servicing through broker preferred
Firstmac loans and products
What Firstmac offers in each category, with the features, eligibility and trade-offs we note. For the current rate on each product, follow the link to Firstmac’s own rate card.
Firstmac home loans
Compare home loans lendersFixed 2yr
Firstmac Fixed 2 Years
- Sharp fixed pricing
Current rate: published on Firstmac's own rate card
Alternatives to Firstmac
Other lenders in our directory that offer home loans, starting with other non-bank lenders.
- Bluestone MortgagesNon-bank. Home loans
- La Trobe FinancialNon-bank. Home loans, Business loans
- Liberty FinancialNon-bank. Home loans, Car loans, Personal loans, Business loans
- Pepper MoneyNon-bank. Home loans, Car loans, Personal loans
- RedZedNon-bank. Home loans, Business loans
- Resimac GroupNon-bank. Home loans
More on Firstmac
- Firstmac review: pros, cons and who it suits
What Firstmac offers, the trade-offs, and who should look elsewhere.
Firstmac: frequently asked questions
Is Firstmac a bank?
No. Firstmac is a non-bank lender: it is not on APRA’s register of authorised deposit-taking institutions (ADIs), the list of banks, building societies and credit unions licensed under the Banking Act 1959. Its Australian Credit Licence is 290600, held by Firstmac Limited, and lending to consumers under a credit licence is regulated by ASIC under the National Consumer Credit Protection Act 2009.
What is Firstmac’s credit licence number?
Firstmac Limited holds Australian Credit Licence 290600. You can check a licence on ASIC’s Professional Registers before you apply.