Standard Cashback offer
A great home loan rate and $3,000 cashback
*Terms and conditions apply.
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Home loans with more than just low rates
Cashback Offer
Special Offer Variable Rate
5.74p.a.
Variable rate
5.74p.a.
Comparison rate
For new loans to BankVic only
$0 establishment fee
$0 ongoing or annual fees
Unlimited additional repayments
Redraw available (min $50)
LMI waivers available for up to 90% LVR*
Apply Now Terms and conditions apply
Cashback Offer
Offset Variable Rate
5.89p.a.
Variable Rate
5.89p.a.
Comparison Rate
Owner-occupier home loan
$0 establishment fee
$0 ongoing or annual fees
Flexible repayments weekly, fortnightly or monthly
Unlimited additional repayments
Offset & Redraw available
LMI waivers available for up to 90% LVR*
Apply Now Terms and conditions apply
Cashback Offer
Fixed Rates
5.49p.a.
2 year fixed rate
5.83p.a.
Comparison rate
Owner-occupier home loan
$600 establishment fee
$0 ongoing or annual fees
Additional terms available between 1 and 5 years
Additional repayments limited to $10k per year
Offset & Redraw not available
LMI waivers available for up to 90% LVR*
Apply Now Terms and conditions apply
Eligibility
Who can apply for our home loans?
Become a BankVic member
Serving police, health, emergency service and Government department workers and their families can join BankVic as a member.
Be at least 18 years of age
You must be 18 years or older and an Australian citizen or permanent resident of Australia
You must have access to an email account and mobile phone
You must have a regular PAYG income and be outside any probationary periods of employment
Have an email address
If you are making a joint application, both parties must have different email addresses
Eligibility
Membership Eligibility
To be eligible for a BankVic home loan you need to be a member of BankVic. You can apply to become a member of BankVic as part of your home loan application.
You can become a member if you are an Australian citizen or resident and either:
- you are a member of a police force
- you are a person involved in emergency services, health work, or the government departments
- immediate family of one of the above BankVic members
When you join BankVic you become a member and equal shareholder in a 100% member-owned bank. Your membership shares cost $10 upon joining.
As the bank for the police, emergency services, and health workers, our profits are reinvested to provide better value banking and to support our community.
Core members are members whose primary income is derived from any of the professions as outlined below:
- Police - any police, protective service officer, police custody officer employees of any State or Territory police force, or Australian Federal police employee and any member of The Police Association of Victoria (TPAV) or Australian Federal Police Association (AFPA).
- Emergency Services - any employee or volunteer of any Ambulance, Fire & Rescue, Rural Fire, State Emergency Services (SES), Triple Zero organisations in any State or Territory and any member of the Victorian Ambulance Union (VAU).
- Health - any health practitioner who is registered with the Australian Health Practitioner Regulation Agency (AHPRA), as well as any employee of any private or public hospital in any State or Territory.
- Government Departments - any employee of any State, Territory or Federal government department.
- BankVic Employee - an employee of BankVic.
All members not covered by any of the definitions above will be considered Non-Core.
With you every step
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What to expect
Here with you at every step
1. Start your application
Apply online, in branch, over the phone or with one of our mobile bankers to get your home loan journey underway.
2. Review your application
Once we have received your application, one of our lending consultants will be in contact to review your application with you and let you know if any additional information is required to help with our assessment.
3. Conditional Assessment
When we have received all the required information, we will assess your application and if all is in order, provide you with conditional approval.
4. Unconditional Approval
Together we’ll make sure everything is finalised and verified, you will then receive a loan offer and contract to sign.
5. Settlement
When we have received your signed loan documents, a settlement date will be confirmed and on the agreed date, we will draw down funds to pay for your property or pay out your old loan.
Rates Table
Home Loans - Owner Occupier
- Special Offer Variable RateBase Rate (% PA)Comparison Rate (% PA)Special Offer Variable Rate (P&I)5.74%5.74%Special Offer Variable Rate (IO)5.74%5.83%
(1) These special offer owner-occupied variable rates are only available for new purchases and refinances from other financial institutions outside of BankVic. The interest only (IO) rate is available for bridging and construction loans which then reverts to the Variable Rate (P&I) published at the time. Offset account not available. Approval subject to BankVic's credit assessment. Rates are subject to change.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Variable RateBase Rate (% PA)Comparison Rate (% PA)Variable Rate (P&I)5.85%5.85%(1) This owner-occupier variable rate home loan is for new borrowings and refinances from other financial institutions outside of BankVic. Offset account not available. Approval subject to BankVic's credit assessment.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Offset Variable RateBase Rate (% PA)Comparison Rate (% PA)Offset Variable Rate (P&I)5.89%5.89%(1) This owner-occupier offset variable rate home loan is for new borrowings, existing BankVic loans requesting to take advantage of the offset feature and refinances from other financial institutions outside of BankVic. Approval subject to BankVic's credit assessment. An eligible offset account must be linked to the offset variable home loan.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Fixed RatesBase Rate (% PA)Comparison Rate (% PA)1 year fixed rate (P&I) for owner-occupiers5.69%5.88%2 year fixed rate (P&I) for owner-occupiers5.49%5.83%3 year fixed rate (P&I) for owner-occupiers5.49%5.80%4 year fixed rate (P&I) for owner-occupiers5.65%5.82%5 year fixed rate (P&I) for owner-occupiers5.65%5.81%(1) Fixed rates apply for owner-occupied loans with principal and interest repayments, at the end of the Fixed Rate period the interest rate will revert to our variable rate applicable at that time. You can make up to $10,000 pa in additional payments without incurring any penalty cost, any amounts exceeding $10,000 may incur a break cost. Please see the fees and charges guide for more information. Approval subject to BankVic's credit assessment.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our home loan is based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rate has been calculated on a loan amount of $150,000 over a term of 25 years.
Rates table
Home Loans - Investor
- Special Offer Variable RateBase Rate (% PA)Comparison Rate (% PA)Special Offer Variable Rate (P&I)5.94%5.99%
(1) This special offer investor variable rate property loan is only available for new borrowings and refinances into BankVic. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI) or up to 90% of the property value with LMI. Offset account not available. Approval subject to BankVic's credit assessment. Rates are subject to change.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Variable RateBase Rate (% PA)Comparison Rate (% PA)Variable rate (IO)6.09%6.11%Variable rate (P&I)6.05%6.10%(1) This investor variable rate property loan is available for new borrowings, refinances and top-ups. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI) or up to 90% of the property value with LMI. Offset account not available. Approval subject to BankVic's credit assessment.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Offset Variable RateBase Rate (% PA)Comparison Rate (% PA)Offset Variable Rate (P&I)6.09%6.14%(1) This offset investor variable rate property loan is available for new borrowings, refinances and top-ups. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI) or up to 90% of the property value with LMI. Approval subject to BankVic's credit assessment. An eligible offset account must be linked to the offset variable home loan.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Fixed RatesBase rate (% PA)Comparison rate (% PA)1 year fixed rate (P&I) for investors5.89%6.08%2 year fixed rate (P&I) for investors5.69%6.03%3 year fixed rate (P&I) for investors5.69%6.00%4 year fixed rate (P&I) for investors5.85%6.02%5 year fixed rate (P&I) for investors5.85%6.01%1 year fixed rate (IO) for investors6.09%6.10%2 year fixed rate (IO) for investors5.89%6.06%3 year fixed rate (IO) for investors5.89%6.05%4 year fixed rate (IO) for investors6.05%6.09%5 year fixed rate (IO) for investors6.05%6.09%(1) Fixed rates apply for investment loans with principal and interest repayments, at the end of the Fixed Rate period the interest rate will revert to our investor variable rate applicable at that time. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI) or up to 90% of the property value with LMI. You can make up to $10,000 pa in additional payments without incurring any penalty cost, any amounts exceeding $10,000 may incur a break cost. Please see the fees and charges guide for more information. Approval subject to BankVic's credit assessment.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our home loan is based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rate has been calculated on a loan amount of $150,000 over a term of 25 years.
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Terms and conditions
Important things you should know
Information on this page is general in nature and does not take into account your personal circumstances. You should consider whether it is appropriate for you before acquiring the product or service.
Fees and charges may apply. Interest rates are variable and subject to change. Information on our terms & conditions, interest rates and fees & charges are available on request.
We recommend that you read the following documents: