Offer: $2,000 cashback

More than,
a great rate

Get $2000 cashback on external refinances and new borrowings. Loan and cashback eligibility & limitations apply.

2.74

%p.a

Variable rate

2.78

%p.a

Comparison rate

Terms and conditions apply - see here

Compare

Compare our owner-occupied loans

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

For a 30 year loan term

Rates & fees

Read about our rates & fees

  • Base Variable
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate special (1)
    2.74%
    2.78%
    Variable rate
    3.11%
    3.15%
    1. (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.

      Cashback: Members who take out a new owner occupier loan or refinance their existing home loan to BankVic during the campaign period will receive $2,000 cashback deposited into their BankVic loan account up to 20 days after the loan has funded. Cashback is limited to a maximum of two cashbacks (each cashback applied per single property, irrespective of the number of loans involved in the transaction).

    Premium Home Package
    Base Rate (% PA)
    Comparison Rate (% PA)
    Owner occupied - variable rate up to $250k
    3.67%
    4.04%
    Owner occupied - variable rate $250k up to $750k
    3.52%
    3.90%
    Owner occupied - variable rate $750k plus
    3.42%
    3.80%
    Owner occupied - 1 year fixed rate
    2.50%
    3.94%
    Owner occupied - 2 year fixed rate
    2.50%
    3.84%
    Owner occupied - 3 year fixed rate
    2.50%
    3.75%
    Owner occupied - 4 year fixed rate
    2.70%
    3.73%
    Owner occupied - 5 year fixed rate
    2.70%
    3.66%
    Investor - variable rate up to $250k
    4.39%
    4.75%
    Investor - variable rate $250k up to $750k
    4.24%
    4.60%
    Investor - variable rate $750k plus
    4.19%
    4.50%
    Investor - 1 year fixed rate
    2.75%
    4.81%
    Investor - 2 year fixed rate
    2.75%
    4.65%
    Investor - 3 year fixed rate
    2.75%
    4.50%
    Investor - 4 year fixed rate
    2.85%
    4.39%
    Investor - 5 year fixed rate
    2.85%
    4.27%
    1. (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.
      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 Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    1 year fixed rate
    2.60%
    3.80%
    2 year fixed rate
    2.60%
    3.72%
    3 year fixed rate
    2.60%
    3.62%
    4 year fixed rate
    2.80%
    3.59%
    5 year fixed rate
    2.80%
    3.51%
    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 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.

    2. (2) Applicant must be a current member of VAU, and are subject to BankVic’s credit assessment criteria. 2. This offer is available for new owner occupier borrowings and refinances from other financial institutions outside of BankVic. Rates are current as of 1 July 2020 and subject to change.

    Introductory 2 Year Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    Introductory 2 year variable rate
    2.89%
    3.74%
    1. (1) Minimum loan amount of $120,000 for new principal and interest borrowings and refinances from other financial institutions.
      Upon expiry of the introductory 2 year rate, the interest rate will revert to our standard variable rate applicable at that time.

    Standard Variable
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate
    3.92%
    3.96%
    Line of Credit
    Base Rate (% PA)
    Variable rate
    3.92%
  • Premium home loan package fees
    Fee Types
    Fees
    Annual fee
    $375
    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
    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.

    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.

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
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  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

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: