There are many personal lending options available from Bank First, so different types of borrowers may be able to find a loan that suits them. Bank First personal loans include secured and unsecured loans, with both fixed and variable interest rates.
Borrowers who are looking for lower interest rates might be satisfied with the moderately low interest rate option available. However, this rate does not apply to all loans offered by Bank First, and some do have moderately high interest rates.
Bank First does not charge its members a penalty fee for paying off their loan ahead of schedule. This is useful for anyone who wants to pay off their loan early and avoid additional interest.
The lack of branches (only two in Australia) could be a deterrent for anyone who prefers more personalised customer service.