Compare our owner-occupier home loans

New home new loan?

Get flexibility with our low variable rate home loan



Variable rate



Comparison rate

When you take out a home loan with us

Cost of living bonus.

You could be eligible for the cost of living bonus $250 every month for 6 months* when you take out a home loan with us between 1 March and 30 April 2024.

*Terms and conditions apply.


Compare our owner-occupier home loans

Compare our loans side-by-side to find the right one for you

For a 30 year loan term

Rates & fees

Check out our rates & fees

  • Variable Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable Rate (P&I)
    1. (1) This owner occupier variable rate home loan is for new borrowings and refinances from other financial institutions outside of BankVic. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI). Victoria Police, Health and Emergency services employees can borrow up to 90% of the property value and pay no LMI for new purchases within Metro Melbourne including Geelong. Offset account not available. Approval subject to BankVic's credit assessment.

    Fixed Rates
    Base Rate (% PA)
    Comparison Rate (% PA)
    1 year fixed rate (P&I)
    2 year fixed rate (P&I)
    3 year fixed rate (P&I)
    4 year fixed rate (P&I)
    5 year fixed rate (P&I)
    1. (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. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI). Victoria Police, Health and Emergency services employees can borrow up to 90% of the property value and pay no LMI for new purchases within Metro Melbourne including Geelong. 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.

  • Establishment Fee: may be charged when you setup a home loan
    Fee Types
    Set-up fee
    Standard metro valuation
    Top-up fee
    Other fees that may be charged when you setup a home loan
    Fee Types
    Non-standard valuation (1)
    At cost (for country, interstate and high value properties)
    Progressive inspection fee
    Up to $150 per inspection
    Production of title (held by BankVic)
    Title search
    Up to $25 per search
    BankVic representation at settlement
    Financial institution cheque
    Transfer via Real Time Gross Settlement (RTGS)
    $15 per transaction. Waived only for BankVic home loan settlements.
    • (1) Some country and interstate areas may incur a valuation fee up to $1,000. In addition to the above valuation costs, a commercial loan may incur additional costs. These costs will be available upon application. Any valuation cost that is additional to the Establishment Fee, will be payable in full at the same time the Establishment Fee is due.

    Fees that may be charged after taking out a home loan
    Fee Types
    Security substitution and loan portability
    Loan switching
    Discharge fee
    $295 per lodgement
    Third party fees (1)
    At cost
    Redraw (2)
    Fixed Rate early repayment and break costs (3)
    Annual fee for Premium Home and WealthBuilder$ Packages (4)
    • (1) Fees payable if we incur a fee from any third party, including our solicitor or PEXA, as result of any matter relating to your Loan Contract or Security following the Settlement Date.

    • (2) Only available with variable rate home loans. Minimum transaction is $50.00.

    • (3) 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.

    • (4) Premium Home and WealthBuilder$ Packages are no longer for available for new borrowings or refinances.

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.


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 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.

What to expect

Here with you at every step

We're here to make getting a home loan easy. Here's what you can expect
  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.

With you every step

Book a
home loan appointment

Our home loan specialists will work to find the best loan for your unique situation.


We're here to help at every step

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:

Campaign terms and conditions

Cost of Living Bonus

Read on to find out about our full campaign terms and conditions.


  1. This bonus offer is available on applications received between 1 March 2024 - 30 April 2024 and settled by 30 June 2024. Bonus offer terms and conditions apply. This bonus offer is for new owner-occupier and investment home purchases and refinances from other financial institutions to BankVic. BankVic membership eligibility and lending criteria applies. Fees and charges may apply. Information about our terms and conditions, interest rates, fees and charges are available at
  2. Non police eligible members will receive a bonus of $250 and all eligible police members will receive a bonus of $350 per month for 6 months deposited into their BankVic transaction or savings accounts every third Wednesday of every month between July and December 2024. This account must be in the same name as the home loan account. For joint accounts, the bonus will be credited to a jointly held transaction or savings account otherwise, to the primary account holder. This offer is limited to one bonus per loan, regardless of the number of mortgaged properties involved in the transaction. Split and supplementary loans against one security will be eligible for one bonus only. A minimum loan amount of $200,000 and a maximum LVR of 80% is required.
  3. This offer is not compatible with any other bonus or cash back offer issued by BankVic. BankVic may vary or end this offer at any time without notice. This offer excludes refinances from another BankVic loan. Split and supplementary loans against one security will be eligible for one bonus only.
  4. Police eligibility is limited to current police employees or the Australian Federal Police.
  5. A Target Market Determination (TMD) is available at Police Financial Services Limited ABN 33 087 651 661 - trading as BankVic | AFSL and Australian Credit Licence 240293.
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