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Compare our owner-occupier home loans
For a 30 year loan term
Rates & fees
Read about our rates & fees
- 2 Year Introductory RateBase Rate (% PA)Comparison Rate (% PA)2 year introductory variable rate2.15%3.12%
(1) This owner occupier variable rate home loan offer is for new borrowings and refinances from other financial institutions outside of BankVic with a minimum loan amount of $200,000. Upon expiry of the 2 year introductory variable rate period, the interest rate will revert to our Base Variable rate applicable at that time. Borrow up to 80% of the property value and pay no Lenders Mortgage Insurance (LMI). First Home Buyers, Victoria Police, Health and Emergency services employees can borrow up to 90% of the property value and pay no LMI.
Cash back: Eligible members will receive a maximum cash back of $1,500 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 per member (each cash back applied per single property, irrespective of the number of loans involved in the transaction). Eligibility is limited to new Principal & Interest borrowings refinanced from other financial institutions to BankVic’s 2 Year Introductory Rate. BankVic may vary or end this offer at any time without notice.
Base VariableBase Rate (% PA)Comparison Rate (% PA)Variable rate (P&I)3.31%3.36%(1) The owner occupier variable rate home loan offer is for new borrowings and refinances from other financial institutions outside of BankVic. Minimum loan amount of $120,000. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI). First Home Buyers and Victoria Police, Health and Emergency services employees can borrow up to 90% of the property value and pay no LMI.
Fixed RateBase Rate (% PA)Comparison Rate (% PA)1 year fixed rate3.70%4.13%2 year fixed rate4.45%4.23%3 year fixed rate4.85%4.36%4 year fixed rate5.09%4.50%5 year fixed rate5.19%4.61%(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. The minimum loan amount is $50,000. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI). First home buyers and Victoria Police, Health and Emergency services employees can borrow up to 90% of the property value and pay no 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 rate4.12%4.17%(1) This owner occupier variable rate home loan offer 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). Victoria Police, Health and Emergency services employees can borrow up to 90% of the property value and pay no LMI.
Line of CreditBase Rate (% PA)Variable rate4.12% - 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$200Production 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 TypesFeesBankVic attendance at settlement$99Administration fee upon discharge$295 per lodgementTransfer 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.
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.
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Owner-occupied
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How to save on your home loan
Easy ways to pay your loan off fasterThink about potential savings you could make from refinancingConsider switching between a variable rate or fixed rate
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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: