Police offer for First Home Buyer
Come home to a $5,000 first home buyer cashback
*Terms and conditions apply.
First Home Buyer
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Loan repayments calculator
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Stamp duty calculator
Calculate your property purchase cost to include mortgage registration, transfer and stamp duty fees.
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Borrowing Power
Calculate your potential maximum loan based on your income and expenses.
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QBE LMI Calculators
Use the QBE LMI (Lenders Mortgage Insurance) calculator to make informed financial decisions.
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Owning a home
First Home Buyer Resources
Information, guides and tools to help get you into your first home.
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Compare our
first home buyer loans
For a 30 year loan term
Police Variable Rate
5.29p.a.
Variable rate
5.30p.a.
Comparison rate
$1,109/mth repayments
Paying off P&I
Owner-occupier home loan
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*
Terms and conditions apply
*More info
Eligibility
Available to current police employees only. Aged 18 years and over. Approval is subject to meeting BankVic's credit assessment.
LMI waivers
Police, emergency and health workers may borrow up to 90% LVR (Loan to Value Ratio) and pay no LMI (Lenders Mortgage Insurance) for certain home loan purposes (e.g., owner occupied property purchase), property type and location. Terms and conditions apply, refer to your BankVic lender for more information.
Loan terms
Owner-occupier variable rate home loan with principal & interest (P&I) repayments. Maximum 30 year loan term.
Available for construction and bridging loans
This rate is available for construction and bridging loans, on an interest only term for up to 24 months for construction loans and 12 months for bridging loans. Once construction is complete, or the existing property is sold and settled, repayments revert to principal & interest for the remainder of the loan term.
Key documents you should consider
Key fact sheets
Target market determination
BankVic credit guide
Offset Police Variable Rate
5.33p.a.
Variable Rate
5.34p.a.
Comparison Rate
$1,114/mth repayments
Paying off P&I
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*
Terms and conditions apply
*More info
Eligibility
Available to current Police employees only. Aged 18 years and over. Approval is subject to meeting BankVic's credit assessment.
LMI waivers
Police, emergency and health workers may borrow up to 90% LVR (Loan to Value Ratio) and pay no LMI (Lenders Mortgage Insurance) for certain home loan purposes (e.g., owner occupied property purchase), property type and location. Terms and conditions apply, refer to your BankVic lender for more information.
Loan terms
Owner-occupier offset variable rate home loan for police with principal & interest (P&I) repayments. Maximum 30 year loan term.
Linked Offset account
Link your BankVic everyday transaction account to your offset variable rate home loan for police which may help reduce the amount of interest you pay on your mortgage.
Key fact sheets
Target market determination
Home Loan terms & conditions
BankVic credit guide
Fixed Rates
4.98p.a.
2 year fixed rate
5.33p.a.
Comparison rate
$1,071/mth repayments
Paying off P&I
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*
Terms and conditions apply
*More info
Eligibility
BankVic members 18 years and over. Approval is subject to meeting BankVic's credit assessment.
LMI waivers
Police, emergency and health workers may borrow up to 90% LVR (Loan to Value Ratio) and pay no LMI (Lenders Mortgage Insurance) for certain home loan purposes (e.g., owner occupied property purchase), property type and location. Terms and conditions apply, refer to your BankVic lender for more information.
Loan terms
Fixed rate home loan with principal & interest (P&I) repayments for a set term of up to 5 years. Upon expiry of the fixed rate term, the interest rate will revert to BankVic's Variable rate (P&I) applicable at that time. Maximum 30 year loan term.
Key documents you should consider
Key fact sheets
Target market determination
Home Loan terms and conditions
BankVic credit guide
With you every step
Book a
home loan appointment
Easy as 1,2,3
Let us guide you through the process
2. Conditional Offer
Once everything is submitted, we'll give you your conditional offer.
3. Purchase
Purchase your first home and start making the mortgage repayments.
Home Buying
Learn
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Financial wellbeing starts with smart saving
Financial wellbeing is about feeling confident, secure, and in control of your finances.
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Loan repayments
The benefits of keeping repayments steady when rates go down
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Boost your financial wellbeing
How a Bonus Saver account can boost financial wellbeing
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: