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BankVic home loans
BankVic is a member-owned bank that was founded by police officers in 1974. Today it serves police and emergency service workers as well as health workers and other public servants.
BankVic employs over 130 staff, has over 96,000 members and over $1 billion in assets, with a head office and branches in Melbourne. These branches offer services such as home and personal loans, credit cards, insurance and members can meet with BankVic financial planners for advice on a range of investment topics.
The bank was named the 2013 Money Magazine Credit Union of the Year.
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Why choose BankVic
BankVic Home Loans
Loan amount
Minimum deposit
Loan type & Term
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6.10%
6.10%
$2,276
Australian Credit Licence 240293
Fees & charges apply
Variable Rate (Principal and Interest)
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.25%
6.18%
$2,309
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Owner Occupied
- Fixed 2 years
- 5% min deposit
- P&I
6.49%
6.19%
$2,361
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Owner Occupied
- Fixed 1 year
- 5% min deposit
- P&I
6.49%
6.26%
$2,361
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- P&I
6.99%
6.48%
$2,471
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Owner Occupied
- Fixed 4 years
- 5% min deposit
- P&I
6.40%
6.53%
$2,341
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Investor
- Fixed 2 years
- 5% min deposit
- P&I
6.99%
6.54%
$2,471
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Owner Occupied
- Fixed 5 years
- 5% min deposit
- P&I
6.50%
6.55%
$2,363
Australian Credit Licence 240293
Fees & charges apply
Variable Rate Investment (Principal and Interest)
- Investor
- Variable
- 20% min deposit
- P&I
6.64%
6.56%
$2,394
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Investor
- Fixed 1 year
- 5% min deposit
- P&I
6.60%
6.57%
$1,925
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Investor
- Fixed 2 years
- 5% min deposit
- Interest Only
6.84%
6.58%
$1,995
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Investor
- Fixed 1 year
- 5% min deposit
- Interest Only
6.64%
6.59%
$2,394
Australian Credit Licence 240293
Fees & charges apply
Fixed Rate
- Investor
- Fixed 3 years
- 5% min deposit
- P&I
Home Loans calculator
Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated mortgage repayments
Total interest
$0
Total repayments
$0
- All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
- The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
- At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
- The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
- One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
- The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
- After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.
BankVic customer service
BankVic members are able to contact the bank on specialised lines that cover products such as car and personal loans, home loans and insurance. There is also a direct line for those wanting to speak to a financial planner. Customers can make online enquiries, or visit or phone a branch for any immediate or important queries.
- Customer service centre (phone)
- Mobile app
- Online banking
- Live Chat
- Branch
- Mobile banking staff
How to Apply
BankVic allows potential borrowers to apply for a loan in a number of ways, including online, by phone or by visiting a BankVic branch. There is also the option to make an appointment with a mobile lender. As BankVic is a member-owned bank, applicants will have to become a BankVic member to take out a loan. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:
- Personal identification material.
- Proof of employment and income.
- Information on any current loans or debts you currently have.
- Asset details, such as land, house, vehicles, savings, shares and super.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.