Our rates and fees

(1) The First Home Buyer Package (FHBP) Loan is available on the purchase of a first home, on owner-occupied loans with principal and interest repayments to purchase a new (fully constructed) or established home (not applicable for construction loans).

If you have between 85.01% to 90% Loan to Value Ratio and take out a BankVic first home loan, following settlement, BankVic will refund you 30% of the Lender’s Mortgage Insurance premium. Offer available from 1 September 2020. BankVic may vary or end the offer at any time without notice.

Visa Silver Credit Card: The Visa Silver Credit Card must be obtained with a FHBP loan to be eligible for the interest rate the same as the FHBP Home Loan variable interest rate. Once your FHBP Home Loan is paid out, the Visa Silver Credit Card interest rate will revert to the standard interest rate for the Visa Silver Credit Card.

FHBP Insurance Offer: $100 cash back offer is available when you take out two general insurance policies through BankVic at the same time and obtain an FHBP Home Loan. The cash back will be deposited into your BankVic transaction account on the date your FHBP loan commences.Terms, conditions, limits and exclusions apply.

(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.

(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.

(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).

(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) 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.

(1) This variable investor home loan rate is for new borrowings and refinances from other financial institutions outside of BankVic. For principal and interest loans only. Offset account not available.
BankVic may vary or end the offer at any time without notice. Minimum loan amount $200,000 with an LVR up to 80%.

(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 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.

(1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.

(1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.

(1) Balance transfer is limited to two credit cards per Visa credit card account and excludes transfers from other BankVic credit cards.

(2) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.

(1) Bonus rate is additional to the Standard rate and applies when no withdrawals are made in a month.

(1) Interest is calculated daily and credited on 30 Jun and 31 Dec

(1) Deposit $100 per calendar month, with no withdrawals and we'll reward you with bonus interest. Bonus interest rate is capped at a maximum balance of $5,000,000.

(1) Interest is calculated using the 'part' balance method on each balance amount that falls within the respective balance tier

(1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.

(1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.

(1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.

(1) Tiered with the rate of interest applicable to the balance of your RSA variable account being that as stated above in this table. The rate is applied to the whole balance of the RSA variable account, with the 'whole balance' excluding any balance in a RSA term deposit. $50,000 minimum deposit.