Low rate,
low cost loans

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 or protective service officer employee. All other law enforcement agencies are covered as employees of Government Departments
• Health - any health professional who holds registration with one of the 15 National Boards governed by the Australian Health Practitioner Regulation Agency (AHPRA), as well as any employee of any private or public hospital, health centre, or ancillary service within the health sector
• Emergency Service Workers – any Ambulance employee, or employee of State Emergency Services (SES), Country Fire Authority (CFA), Fire Rescue, and Australian Volunteer Coast Guard (AVCG)
• Government Departments - an employee of any state 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.