BankVic Home Loan Rates - December 2024

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.

Minimum deposit

Loan type & Term

Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

Compare home loans

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
Email
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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BankVic customer service

Customer service centre (phone)
Mobile app
Online banking
Email
Live Chat
Branch
Mobile banking staff

How to Apply

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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Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

Compare home loans

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.

5.59%

6.00%

$2,168

Australian Credit Licence 240293

Fees & charges apply

Fixed Rate

Owner Occupied
Fixed 3 years
5% min deposit
P&I

5.99%

6.00%

$2,253

Australian Credit Licence 240293

Fees & charges apply

Special Variable Home Loan

Owner Occupied
Variable
5% min deposit
P&I

5.49%

6.03%

$2,147

Australian Credit Licence 240293

Fees & charges apply

Fixed Rate

Owner Occupied
Fixed 2 years
5% min deposit
P&I

6.10%

$2,276

Australian Credit Licence 240293

Fees & charges apply

Variable Rate (Principal and Interest)

Owner Occupied
Variable
20% min deposit
P&I

5.85%

6.12%

$2,223

Australian Credit Licence 240293

Fees & charges apply

Fixed Rate

Owner Occupied
Fixed 4 years
5% min deposit
P&I

5.85%

6.12%

$2,223

Australian Credit Licence 240293

Fees & charges apply

Fixed Rate

Owner Occupied
Fixed 5 years
5% min deposit
P&I

5.85%

6.12%

$2,223

Australian Credit Licence 240293

Fees & charges apply

Fixed Rate

Owner Occupied
Fixed 1 year
5% min deposit
P&I

6.14%

$2,285

Australian Credit Licence 240293

Fees & charges apply

Offset Variable

Owner Occupied
Variable
10% min deposit
P&I

6.19%

6.24%

$2,296

Australian Credit Licence 240293

Fees & charges apply

Special Variable Home Loan

Investor
Variable
20% min deposit
P&I

5.79%

6.35%

$2,210

Australian Credit Licence 240293

Fees & charges apply

Fixed Rate

Investor
Fixed 3 years
5% min deposit
P&I

5.69%

6.39%

$2,189

Australian Credit Licence 240293

Fees & charges apply

Fixed Rate

Investor
Fixed 2 years
5% min deposit
P&I

5.99%

6.40%

$1,747

Australian Credit Licence 240293

Fees & charges apply

Fixed Rate

Investor
Fixed 3 years
5% min deposit
Interest Only

BankVic home loans

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Your estimated mortgage repayments

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Fixed Rate

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Fixed Rate

Fixed Rate

Fixed Rate

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Special Variable Home Loan

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Fixed Rate

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