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Compare our owner-occupied loans
For a 30 year loan term
Offer: $1,500 cash back
3 Year Introductory Rate
2.19p.a.
Variable rate
2.89p.a.
Comparison rate
$758/mth repayments
Paying off P&I
$0 establishment fee
$0 ongoing, annual or package fees
$200k minimum loan amount
Up to 80% LVR maximum
Redraw available (min $50)
Flexible repayments weekly, fortnightly or monthly
Unlimited additional repayments
Roll to Base Variable rate after 3 years
Terms and conditions apply
More Info
Loan Terms
Maximum 30 year loan terms
Insurance
No-obligation quotes for insurance (option for 90 days free building insurance cover during settlement period)
Key documents you should consider
Variable rate key facts sheet
BankVic credit guide
Premium Home Package
1.95p.a.
2 year fixed rate
3.75p.a.
Comparison rate
$734/mth repayments
Paying off P&I
$375 annual package fee
Up to 80% LVR with no lenders mortgage insurance
Offset & redraw only on variable loans (min redraw of $50)
Flexible repayments weekly, fortnightly or monthly
Unlimited additional repayments ($10k limit pa on fixed rate loans)
Additional package benefits available on home loans, term deposits, credit cards and insurance
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)
Package Benefits
- Up to 0.50% p.a. discount on the Standard Variable rate
- Up to 10% discount on insurance for 12 months
- Additional interest available on term deposits
- Annual fee waived on Gold Visa credit card
- Loan establishment fee and switching fee waived on eligible products
- Up to three standard property valuations fees waived per year
Key documents you should consider
Premium Home Package key facts sheet
Premium Home Package T&Cs
Gold Visa key facts sheet
Gold Visa conditions of use
BankVic credit guide
Premium Home Package
3.67p.a.
Variable rate up to $250k
4.05p.a.
Comparison rate
$917/mth repayments
Paying off P&I
$375 annual package fee
Up to 80% LVR with no lenders mortgage insurance
Offset & redraw only on variable loans (min redraw of $50)
Flexible repayments weekly, fortnightly or monthly
Unlimited additional repayments ($10k limit pa on fixed rate loans)
Additional package benefits available on home loans, term deposits, credit cards and insurance
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)
Package Benefits
- Up to 0.50% p.a. discount on the Standard Variable rate
- Up to 10% discount on insurance for 12 months
- Additional interest available on term deposits
- Annual fee waived on Gold Visa credit card
- Loan establishment fee and switching fee waived on eligible products
- Up to three standard property valuations fees waived per year
Key documents you should consider
Premium Home Package key facts sheet
Premium Home Package T&Cs
Gold Visa key facts sheet
Gold Visa conditions of use
BankVic credit guide
Base Variable
2.74p.a.
Variable rate
2.79p.a.
Comparison rate
$815/mth repayments
Paying off P&I
$600 establishment fee
$0 ongoing, annual or package fees
Up to 80% LVR with no lenders mortgage insurance
Redraw available (min $50)
Flexible repayments weekly, fortnightly or monthly
Unlimited additional repayments
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
BankVic credit guide
Fixed Rate
2.05p.a.
2 year fixed rate
3.64p.a.
Comparison rate
$744/mth repayments
Paying off P&I
$600 establishment fee
$0 ongoing, annual or package fees
Up to 80% LVR with no lenders mortgage insurance
Offset & Redraw not available
Flexible repayments weekly, fortnightly or monthly
Additional repayments limited to $10k per year
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
BankVic credit guide
Standard Variable
3.92p.a.
Variable rate
3.97p.a.
Comparison rate
$946/mth repayments
Paying off P&I
$600 establishment fee
$0 ongoing, annual or package fees
Up to 80% LVR with no lenders mortgage insurance
Offset & redraw only on variable loans (min redraw of $50)
Flexible repayments weekly, fortnightly or monthly
Unlimited additional repayments
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
BankVic credit guide
Line of Credit
3.92p.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
BankVic credit guide
Rates & fees
Read about our rates & fees
- Base VariableBase Rate (% PA)Comparison Rate (% PA)Variable rate special (1)2.74%2.79%Variable rate3.11%3.16%
(1) This owner occupier variable home loan rate offer is for new borrowings and refinances from other financial institutions outside of BankVic. Minimum loan amount of $200,000 with an LVR up to 80%. Offset account not available. The offer is current as at 27 July 2020. BankVic may vary or end the offer at any time without notice.
3 Year Introductory RateBase Rate (% PA)Comparison Rate (% PA)3 Year introductory variable rate2.19%2.89%(1) Minimum loan amount of $200,000 for new principal and interest borrowings and refinances from other financial institutions. Upon expiry of the 3 year introductory rate, the interest rate will revert to our Base Variable rate applicable at that time.
Cash back: Eligible members will receive $1,500 cash back deposited into their BankVic loan account up to 20 days after the loan has funded. Cash back is limited to a maximum of two cash backs (each cash back applied per single property, irrespective of the number of loans involved in the transaction).
Premium Home PackageBase Rate (% PA)Comparison Rate (% PA)Owner occupied - variable rate up to $250k3.67%4.05%Owner occupied - variable rate $250k up to $750k3.52%3.90%Owner occupied - variable rate $750k plus3.42%3.81%Owner occupied - 1 year fixed rate2.05%3.90%Owner occupied - 2 year fixed rate1.95%3.75%Owner occupied - 3 year fixed rate1.95%3.62%Owner occupied - 4 year fixed rate1.95%3.50%Owner occupied - 5 year fixed rate2.25%3.49%Investor - variable rate up to $250k4.39%4.75%Investor - variable rate $250k up to $750k4.24%4.61%Investor - variable rate $750k plus4.19%4.56%Investor - 1 year fixed rate2.44%4.57%Investor - 2 year fixed rate2.44%4.40%Investor - 3 year fixed rate2.44%4.25%Investor - 4 year fixed rate2.79%4.22%Investor - 5 year fixed rate2.79%4.11%(1) Fixed rate benefits cannot be applied to existing products with fixed interest rate periods until the current period is rolled over.
Insurance benefits available on selected insurance policies. Discounts apply only on new policies for the first 12 months.
Early repayment and break costs may apply, please refer to Fees & Charges.
Standard property valuations are defined as those within the Metropolitan area and major regional centres and where the value is under $1 million.
Fixed RateBase Rate (% PA)Comparison Rate (% PA)1 year fixed rate2.15%3.80%2 year fixed rate2.05%3.64%3 year fixed rate2.05%3.49%4 year fixed rate2.05%3.35%5 year fixed rate2.35%3.34%(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 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.
Standard VariableBase Rate (% PA)Comparison Rate (% PA)Variable rate3.92%3.97%Line of CreditBase Rate (% PA)Variable rate3.92% - Premium home loan package feesFee TypesFeesAnnual fee$375New 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$15PAYMENT 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.
Fixed 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.
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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Get help from an expert face to face or online
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Visit us in branch
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Financial well-being
Owner-occupied
- Read more
How to save on your home loan
Easy ways to pay your loan off faster Think about potential savings you could make from refinancing Consider switching between a variable rate or fixed rate
- Read more
Should I refinance my home loan during COVID-19?
A small cut to your interest rates can mean big savings During COVID-19, borrowers with steady jobs are well placed to refinance their home loan and secure a better deal It's not just the interest rate that can impact the cost of your home loan
- Read more
Thinking of refinancing your home loan?
How much could refinancing save you? Could you refinance to unlock the equity in your property? Would you benefit from a longer or shorter loan term? Is refinancing worth your time and effort? Would you benefit from a different loan product?
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: