Compare
Compare our
investment property loans
For a 30 year loan term
Base Variable
2.99p.a.
Variable rate
3.04p.a.
Comparison rate
$842/mth repayments
Paying off P&I
$600 establishment fee
$0 ongoing, annual or package fees
Redraw available (min $50)
Unlimited additional repayments
Flexible repayments weekly, fortnightly or monthly
Interest only options available
Construction interest only rate available
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
Home loan terms and conditions
BankVic credit guide
Fixed Rate
2.54p.a.
3 year fixed rate (P&I)
4.14p.a.
Comparison rate
$794/mth repayments
Paying off P&I
$600 establishment fee
$0 ongoing, annual or package fees
Offset & Redraw not available
Additional repayments limited to $10k per year
Flexible repayments weekly, fortnightly or monthly
Interest only options available
Additional terms available between 1 and 5 years
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
Home loan terms and conditions
BankVic credit guide
Standard Variable
4.64p.a.
Variable rate
4.69p.a.
Comparison rate
$1,030/mth repayments
Paying off P&I
$600 establishment fee
$0 ongoing, annual or package fees
Offset & redraw available (redraw min $50)
Unlimited additional repayments
Flexible repayments weekly, fortnightly or monthly
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
Home loan terms and conditions
BankVic credit guide
Line of Credit
4.64p.a.
Variable rate
$600 establishment fee
$0 ongoing, annual or package fees
Up to 80% LVR with no lenders mortgage insurance
Draw down available funds at any time
Repay principal at any time
Monthly interest repayments
Access funds with your linked Visa debit card online or in-store, or access funds in branch and via ATM
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
Home loan terms and conditions
BankVic credit guide
Rates & fees
Read about our rates & fees
- Base VariableBase Rate (% PA)Comparison Rate (% PA)Variable rate special (P&I) (1)2.99%3.04%Variable rate (P&I) (2)3.24%3.29%Variable rate (IO)3.49%4.01%Construction variable rate (IO) (3)3.24%3.29%
(1) This variable investor rate is for new borrowings and refinances from other financial institutions outside of BankVic. Minimum loan amount of $200,000. Borrow up to 80% of the property value. Offset account not available. BankVic may vary or end the offer at any time without notice.
(2) This investor variable rate is available for new borrowings, refinances and top-ups. Minimum loan amount of $20,000. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI). Offset account not available.
(3) This construction interest only variable rate is available for up to 24 months for construction purposes only and will revert to principal & interest at the end of the construction period for the remainder of the loan term. Current as at 4 May 2021.
Fixed RateBase rate (% PA)Comparison rate (% PA)Investor - 1 year fixed rate (P&I)2.54%4.49%Investor - 2 year fixed rate (P&I)2.54%4.30%Investor - 3 year fixed rate (P&I)2.54%4.14%Investor - 4 year fixed rate (P&I)2.94%4.11%Investor - 5 year fixed rate (P&I)2.94%4.00%Investor - 1 year fixed rate (IO)2.89%4.52%Investor - 2 year fixed rate (IO)2.89%4.37%Investor - 3 year fixed rate (IO)2.89%4.23%Investor - 4 year fixed rate (IO)3.24%4.21%Investor - 5 year fixed rate (IO)3.24%4.11%(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. The minimum loan amount is $50,000. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (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.
Standard VariableBase rate (% PA)Comparison rate (% PA)Variable rate (P&I)4.64%4.69%(1) This investor variable rate is available for new borrowings, refinances and top-ups. Minimum loan amount of $20,000. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI).
Offset Variable LoanBase rate (% PA)Comparison rate (% PA)Variable rate (P&I)4.69%4.74%Line of CreditBase rate (% PA)Line of credit4.64% - New home loan feesFee TypesFeesEstablishment fee - valuation required$600Establishment fee - no valuation required$300Additional title search feesUp to $25 per searchExisting home loan feesFee TypesFeesEstablishment fee - valuation required$330Establishment fee - no valuation required$220Production of title (held by BankVic)$330Switching loan product when changing type of interest rate$200Security substitution & loan portability$400Home valuation feesFee TypesFeesProperty Valuation Fee - Metropolitan$290Property Valuation Fee - Country$330Property inspection fee - Metropolitan$137.50Property inspection fee - Country$155Home settlement feesFee TypesFeesAdministration fee upon discharge$295 per lodgementBankVic attendance at settlement$99Transfer fee via RTGS$15Fixed rate loansFee TypesFeesFixed 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 FEESFee TypesFeesReturned payment due to incorrect bank account details$14Direct debit stopped payment$19Dishonour for insufficient funds for external transfers$9 after 3 attemptsBankVic dishonour charge$19Personal cheque book (25 pages)$10RECORD FEESFee TypesFeesAccess to records under privacy act$50Voucher archive retrieval - up to 30 days since transaction$6Voucher archive retrieval - up to 30 to 90 days since transaction$7.50Voucher archive retrieval - 90+ days since transaction$10Services fee on a time basis$15 per quarter hourPhotocopy cost$2 per pageOTHER FEESFee TypesFeesAdditional or reprint statement fee$2 per pageList of transactions via branch or contact centre$2 per pageDormant account fee (1)$40 per yearCompany 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.
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.
WAYS TO APPLY
We're here to help
at every step
Compare online
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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: