Police offer
A great home loan rate and $4,000 cashback
*Terms and conditions apply.
Exclusive Term Deposit Rate
5% p.a. on new 5-month term deposits for current police
HOME LOANS FOR POLICE
Compare our low rate home loans
Cashback Offer
Special Offer Police Variable Rate
5.68p.a.
Variable rate
5.68p.a.
Comparison rate
For new loans to BankVic only
Available to Police only
100% overtime considered
$0 establishment fee
$0 ongoing or annual fees
Unlimited additional repayments
Redraw available (min $50)
LMI waivers available for up to 90% LVR*
Apply Now Terms and conditions apply
Cashback Offer
Offset Police Variable Rate
5.83p.a.
Variable Rate
5.83p.a.
Comparison Rate
Owner-occupier home loan
Available to Police only
100% overtime considered
$0 establishment fee
$0 ongoing or annual fees
Offset & Redraw available
Unlimited additional repayments
LMI waivers available for up to 90% LVR*
Apply Now Terms and conditions apply
Cashback Offer
Fixed Rates
5.49p.a.
2 year fixed rate
5.83p.a.
Comparison rate
Owner-occupier home loan
$600 establishment fee
$0 ongoing or annual fees
Additional terms available between 1 and 5 years
Additional repayments limited to $10k per year
Offset & Redraw not available
LMI waivers available for up to 90% LVR*
Apply Now Terms and conditions apply
Rates & fees
Check out our rates & fees
- Special Offer Police Variable RateBase Rate (% PA)Comparison Rate (% PA)Special Offer Police Variable Rate for owner-occupiers (P&I)5.68%5.68%Special Offer Police Variable Rate for owner-occupiers (IO)5.68%5.77%
(1) These special offer owner-occupied police variable rates are only available for new purchases and refinances from other financial institutions outside of BankVic. Eligibility is limited to current employees of any Australian police force including the Australian Federal Police and any member of The Police Association of Victoria (TPAV) or Australian Federal Police Association (AFPA). The interest only (IO) rate is available for bridging and construction loans which then reverts to the Variable Rate (P&I) published at the time. Approval subject to BankVic's credit assessment. Rates are subject to change.
WARNING: The comparison rates are 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 rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Police Variable RateBase Rate (% PA)Comparison Rate (% PA)Police Variable Rate for owner-occupiers (P&I)5.79%5.79%(1) This owner-occupier police variable rate home loan is for new borrowings, refinances and top-ups. Eligibility is limited to current employees of any Australian police force including the Australian Federal Police and any member of The Police Association of Victoria (TPAV) or Australian Federal Police Association (AFPA). Offset account not available. Approval subject to BankVic's credit assessment.
WARNING: The comparison rates are 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 rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Offset Police Variable RateBase Rate (% PA)Comparison Rate (% PA)Offset Police Variable Rate for owner-occupiers (P&I)5.83%5.83%(1) This owner-occupier offset police variable rate home loan is for new borrowings, existing BankVic loans requesting to take advantage of the offset feature and refinances from other financial institutions outside of BankVic. Eligibility is limited to current employees of any Australian police force including the Australian Federal Police and any member of The Police Association of Victoria (TPAV) or Australian Federal Police Association (AFPA). Approval subject to BankVic's credit assessment. An eligible offset account must be linked to the offset variable home loan.
WARNING: The comparison rates are 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 rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Fixed RatesBase Rate (% PA)Comparison Rate (% PA)1 year fixed rate (P&I) for owner-occupiers5.69%5.88%2 year fixed rate (P&I) for owner-occupiers5.49%5.83%3 year fixed rate (P&I) for owner-occupiers5.49%5.80%4 year fixed rate (P&I) for owner-occupiers5.65%5.82%5 year fixed rate (P&I) for owner-occupiers5.65%5.81%(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. 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.
WARNING: The comparison rates are 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 rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Special Offer Police Variable RateBase Rate (% PA)Comparison Rate (% PA)Special Offer Police Variable Rate for investors (P&I)5.88%5.93%(1) This special offer investor police variable rate property loan is only available for new borrowings and refinances into BankVic. Eligibility is limited to current employees of any Australian police force including the Australian Federal Police and any member of The Police Association of Victoria (TPAV) or Australian Federal Police Association (AFPA). Approval subject to BankVic's credit assessment. Rates are subject to change.
WARNING: The comparison rates are 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 rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Police Variable RateBase Rate (% PA)Comparison Rate (% PA)Police Variable Rate for investors (IO)6.03%6.07%Police Variable Rate for investors (P&I)5.99%6.04%(1) This police investor variable rate property loan is available for new borrowings, refinances and top-ups. Eligibility is limited to current employees of any Australian police force including the Australian Federal Police and any member of The Police Association of Victoria (TPAV) or Australian Federal Police Association (AFPA). Approval subject to BankVic's credit assessment.
WARNING: The comparison rates are 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 rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Offset Police Variable RateBase Rate (% PA)Comparison Rate (% PA)Offset Police Variable Rate for investors (P&I)6.03%6.08%(1) This offset police investor variable rate home loan is for new borrowings, existing BankVic loans requesting to take advantage of the offset feature and refinances from other financial institutions outside of BankVic. Eligibility is limited to current employees of any Australian police force including the Australian Federal Police and any member of The Police Association of Victoria (TPAV) or Australian Federal Police Association (AFPA). Approval subject to BankVic's credit assessment. An eligible offset account must be linked to the offset variable home loan.
WARNING: The comparison rates are 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 rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
Fixed RatesBase rate (% PA)Comparison rate (% PA)1 year fixed rate (P&I) for investors5.89%6.08%2 year fixed rate (P&I) for investors5.69%6.03%3 year fixed rate (P&I) for investors5.69%6.00%4 year fixed rate (P&I) for investors5.85%6.02%5 year fixed rate (P&I) for investors5.85%6.01%1 year fixed rate (IO) for investors6.09%6.10%2 year fixed rate (IO) for investors5.89%6.06%3 year fixed rate (IO) for investors5.89%6.05%4 year fixed rate (IO) for investors6.05%6.09%5 year fixed rate (IO) for investors6.05%6.09%(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 investor variable rate applicable at that time. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI) or up to 90% of the property value with 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. Approval subject to BankVic's credit assessment.
WARNING: The comparison rates are 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 rates for our home loans are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rates have been calculated on a loan amount of $150,000 over a term of 25 years.
- Establishment Fee: may be charged when you setup a home loanFee TypeFeesSet-up fee$300Standard metro valuation$300Top-up fee$200Other fees that may be charged when you setup a home loanFee TypeFeesNon-standard valuation (1)At cost (for country, interstate and high value properties)Progressive inspection feeUp to $150 per inspectionProduction of title (held by BankVic)$330Title searchUp to $25 per searchBankVic representation at settlement$99Financial institution chequeFreeTransfer 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 loanFee TypeFeesSecurity substitution and loan portability$400Loan switching$200Discharge fee$295 per lodgementThird party fees (1)At costRedraw (2)FreeFixed Rate early repayment and break costs (3)Unascertainable(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.
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Eligibility
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, protective service officer, police custody officer employees of any State or Territory police force, or Australian Federal police employee and any member of The Police Association of Victoria (TPAV) or Australian Federal Police Association (AFPA).
- Emergency Services - any employee or volunteer of any Ambulance, Fire & Rescue, Rural Fire, State Emergency Services (SES), Triple Zero organisations in any State or Territory and any member of the Victorian Ambulance Union (VAU).
- Health - any health practitioner who is registered with the Australian Health Practitioner Regulation Agency (AHPRA), as well as any employee of any private or public hospital in any State or Territory.
- Government Departments - any employee of any State, Territory 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.
Why BankVic?
Why choose us?
100% member-owned
Being member-owned means our profits benefit our members and their communities
We make it easy
We are online, it's easy to get us on the phone, or visit a branch
We're flexible
We work with you to find what's right for you, not everyone else
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: