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  • Open BankingOpen Banking
    • HomeHome BuyingInvestor
    Special Rate Offer

    Low rate,
    no account-keeping fees

    A low cost investment loan with a low fixed rate and no account-keeping fees.

    2.99

    %p.a

    Variable rate

    3.03

    %p.a

    Comparison rate

    APPLY NOW
    Terms and conditions apply - see here

    Compare

    Compare our
    investment property loans

    Loans to suit your investment property needs

    For a 30 year loan term

    Special Rate Offer

    Base Variable

    2.99p.a.

    Variable rate

    3.03p.a.

    Comparison rate

    $842/mth repayments

    Paying off P&I

    • Everyday account

      $600 establishment fee

    • Ongoing Fees

      $0 ongoing, annual or package fees

    • LVR

      Up to 80% LVR with no Lenders Mortgage Insurance

    • Offset & Redraw

      Redraw available (min $50)

    • Additional Repayments

      Unlimited additional repayments

    • Repayment Frequency

      Flexible repayments weekly, fortnightly or monthly

    • Interest only options available

      Interest only options available

    Apply Now

    Terms and conditions apply

    More Info

    Loan Terms

    Maximum 30 year loan term

    Insurance

    No-obligation quotes for insurance (with an option of 90 days free building insurance cover during settlement period)

    Key documents you should consider

    Key facts sheet

    View

    BankVic credit guide

    View

    Fixed Rate

    2.85p.a.

    3 year fixed rate (P&I)

    4.21p.a.

    Comparison rate

    $827/mth repayments

    Paying off P&I

    • Everyday account

      $600 establishment fee

    • Ongoing Fees

      $0 ongoing, annual or package fees

    • LVR

      Up to 80% LVR with no Lenders Mortgage Insurance

    • Offset & Redraw

      Offset & Redraw not available

    • Additional Repayments

      Additional repayments limited to $10k per year

    • Repayment Frequency

      Flexible repayments weekly, fortnightly or monthly

    • Interest only options available

      Interest only options available

    • Additional fixed rate loan terms

      Additional terms available between 1 and 5 years

    Apply Now

    Terms and conditions apply

    More Info

    Loan terms

    Maximum 30 year loan term

    Insurance

    No-obligation quotes for insurance (with an option of 90 days free building insurance cover during settlement period)

    End of fixed rate period

    The loan will revert to the Standard Variable rate at the end of the fixed rate period

    Key documents you should consider

    Fixed rate key facts sheet

    View

    BankVic credit guide

    View

    Standard Variable

    4.64p.a.

    Variable rate

    4.68p.a.

    Comparison rate

    $1,030/mth repayments

    Paying off P&I

    • Everyday account

      $600 establishment fee

    • Ongoing Fees

      $0 ongoing, annual or package fees

    • LVR

      Up to 80% LVR with no Lenders Mortgage Insurance

    • Offset & Redraw

      Offset & redraw available (min redraw of $50)

    • Additional Repayments

      Unlimited additional repayments

    • Repayment Frequency

      Flexible repayments weekly, fortnightly or monthly

    • Interest only options available

      Interest only options available

    Apply Now

    Terms and conditions apply

    More Info

    Loan terms

    Maximum 30 year loan term

    Insurance

    No-obligation quotes for insurance (with an option of 90 days free building insurance cover during settlement period)

    Key documents you should consider

    Variable rate key facts sheet

    View

    BankVic credit guide

    View

    Line of Credit

    4.64p.a.

    Variable rate

    • Everyday account

      $600 establishment fee

    • Ongoing Fees

      $0 ongoing, annual or package fees

    • LVR

      Up to 80% LVR with no Lenders Mortgage Insurance

    • Offset & Redraw

      Draw down available funds at any time

    • Additional Repayments

      Repay principal at any time

    • Repayment Frequency

      Monthly interest repayments

    • Acces Your Funds

      Access funds with your linked Visa debit card online or in-store, or access funds in branch and via ATM

    Apply Now

    More Info

    Loan terms

    Maximum 30 year loan term

    Insurance

    No-obligation quotes for insurance (with an option of 90 days free building insurance cover during settlement period)

    Key documents you should consider

    BankVic credit guide

    View

    Rates & fees

    Read about our rates & fees

    • Base Variable
      Base Rate (% PA)
      Comparison Rate (% PA)
      Variable rate special (P&I) (1)
      2.99%
      3.03%
      Variable rate (P&I)
      3.24%
      3.28%
      Variable Rate (IO)
      3.44%
      3.97%

      1. (1) This variable investor home loan rate is for new borrowings and refinances from other financial institutions outside of BankVic. For principal and interest loans only. Offset account not available.
        BankVic may vary or end the offer at any time without notice. Minimum loan amount $200,000 with an LVR up to 80%.

      Line of Credit
      Base rate (% PA)
      Line of credit
      4.64%
      Offset Variable Loan
      Base rate (% PA)
      Comparison rate (% PA)
      Variable rate (P&I)
      4.69%
      4.73%
      Standard Variable
      Base rate (% PA)
      Comparison rate (% PA)
      Variable rate (P&I)
      4.64%
      4.68%
      Fixed Rate
      Base rate (% PA)
      Comparison rate (% PA)
      Investor Fixed Rate - 1 Year (P&I)
      2.85%
      4.51%
      Investor Fixed Rate - 2 Year (P&I)
      2.85%
      4.35%
      Investor Fixed Rate - 3 Year (P&I)
      2.85%
      4.21%
      Investor Fixed Rate - 4 Year (P&I)
      2.95%
      4.11%
      Investor Fixed Rate - 5 Year (P&I)
      2.95%
      3.99%

      1. (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 standard 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.

    • New home loan fees
      Fee Types
      Fees
      Establishment fee - valuation required
      $600
      Establishment fee - no valuation required
      $300
      Additional title search fees
      Up to $25 per search
      Existing home loan fees
      Fee Types
      Fees
      Establishment fee - valuation required
      $330
      Establishment fee - no valuation required
      $220
      Production of title (held by BankVic)
      $330
      Switching loan product when changing type of interest rate
      $200
      Security substitution & loan portability
      $400
      Home valuation fees
      Fee Types
      Fees
      Property Valuation Fee - Metropolitan
      $290
      Property Valuation Fee - Country
      $330
      Property inspection fee - Metropolitan
      $137.50
      Property inspection fee - Country
      $155
      Home settlement fees
      Fee Types
      Fees
      Administration fee upon discharge
      $295 per lodgement
      BankVic attendance at settlement
      $99
      Transfer fee via RTGS
      $15
      Fixed rate loans
      Fee Types
      Fees
      Fixed loan break costs may be payable (1)
      .

      • (1) Break costs are an amount equal to our reasonable estimate of our loss as a result of you breaking the fixed interest period. If during a fixed interest period you repay the loan or change from a fixed interest rate loan to a variable interest rate loan or change from one fixed interest loan to another or pay more than $10,000 of the money owing before it is due in a calendar year, then Break Costs may be applied. Refer to the terms of your Loan Contract for full terms and conditions and calculation details.

      PAYMENT FEES
      Fee Types
      Fees
      Returned payment due to incorrect bank account details
      $14
      Direct debit stopped payment
      $19
      Dishonour for insufficient funds for external transfers
      $9 after 3 attempts
      BankVic dishonour charge
      $19
      Personal cheque book (25 pages)
      $10
      RECORD FEES
      Fee Types
      Fees
      Access to records under privacy act
      $50
      Voucher archive retrieval - up to 30 days since transaction
      $6
      Voucher archive retrieval - up to 30 to 90 days since transaction
      $7.50
      Voucher archive retrieval - 90+ days since transaction
      $10
      Services fee on a time basis
      $15 per quarter hour
      Photocopy cost
      $2 per page
      OTHER FEES
      Fee Types
      Fees
      Additional or reprint statement fee
      $2 per page
      List of transactions via branch or contact centre
      $2 per page
      Dormant account fee (1)
      $40 per year
      Company search fee
      $25

      • (1) Dormant fee - applied where there have been no transactions in the account for at least 1 year, we have written to you but you have not given us written notice stating you wish the account to remain open.

    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 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.

    What to expect

    Here with you at every step

    We're here to make getting as home loan easy. Here's what you can expect
    test
    1. Start your application

      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

      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

      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

      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

      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.

    WAYS TO APPLY

    We're here to help
    at every step

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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: