Building or buying, for yourself or to invest, we have the home loan for you. Compare and select from our range of low interest home loans. Call 13 63 73 to speak to our home lending experts today
Cashback offer*

$2,500 cashback for those who put others first

For health and emergency workers buying a new home, an investment property or refinancing to BankVic. Terms and conditions apply, see below*.

5.18

%p.a

2 year fixed rate

5.57

%p.a

Comparison rate

Home loan offer

Eligibility

  1. Become a BankVic member

    Serving police, health, emergency service and Government department workers and their families can join BankVic as a member.

  2. Be at least 18 years of age

    You must be 18 years or older and an Australian citizen or permanent resident of Australia

  3. You must have access to an email account and mobile phone

    You must have a regular PAYG income and be outside any probationary periods of employment

  4. Have an email address

    If you are making a joint application, both parties must have different email addresses

Eligibility

  • 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.

    You may apply for BankVic membership if you are an Australian citizen or resident and you are either: 

    • a member or an employee of a police force 
    • a person involved in emergency services, health work, or the government sector, as defined below
    • a family member of one of the above BankVic members

    In particular, eligible members are: 

    • Police - any employee of an Australian State, Territory or Federal Police Force and any member or employee of The Police Association of Victoria (TPAV), Northern Territory Police Association (NTPA) or Australian Federal Police Association (AFPA).
    • Emergency Services - any employee of an Australian State, Territory or Federal Emergency Services provider.
    • Health – any registered health practitioner with the Australian Health Practitioner Regulation Agency (AHPRA), as well as any employee or contractor of an Australian public or private hospital.
    • Government - any employee of the Australian Government Sector, defined as an employee of a federal government primary body within the Australian Government Organisations Register (AGOR) and the corresponding equivalent bodies for State and Territory governments.

    To be eligible for a BankVic home loan, you must be a BankVic member. You can apply for membership as part of your home loan application.

With you every step

What to expect

  1. 1. Start your application

    Apply online, in branch, over the phone or with one of our mobile bankers to get your home loan journey underway.

  2. 2. Review your application

    Once we have received your application, one of our lending consultants will be in contact to review your application with you and let you know if any additional information is required to help with our assessment.

  3. 3. Conditional Assessment

    When we have received all the required information, we will assess your application and if all is in order, provide you with conditional approval.

  4. 4. Unconditional Approval

    Together we’ll make sure everything is finalised and verified, you will then receive a loan offer and contract to sign.

  5. 5. Settlement

    When we have received your signed loan documents, a settlement date will be confirmed and on the agreed date, we will draw down funds to pay for your property or pay out your old loan.

Rates Table

  • Variable Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable Rate (P&I)
    5.60%
    5.61%
    1. (1) This owner-occupier variable rate home loan is for new borrowings and refinances from other financial institutions outside of BankVic. 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 Variable Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    Offset Variable Rate (P&I)
    5.64%
    5.65%
    1. (1) This owner-occupier offset 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. 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 Rates
    Base Rate (% PA)
    Comparison Rate (% PA)
    1 year fixed rate (P&I) for owner-occupiers
    5.39%
    5.63%
    2 year fixed rate (P&I) for owner-occupiers
    5.18%
    5.57%
    3 year fixed rate (P&I) for owner-occupiers
    5.18%
    5.53%
    4 year fixed rate (P&I) for owner-occupiers
    5.85%
    5.74%
    5 year fixed rate (P&I) for owner-occupiers
    5.85%
    5.75%
    1. (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.

Rates table

  • Special Offer Variable Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    Special Offer Variable Rate (P&I)
    5.69%
    5.74%
    1. (1) This special offer investor variable rate property loan is only available for new borrowings and refinances into BankVic. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI) or up to 90% of the property value with LMI. Offset account not available. 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.

    Variable Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    Variable rate (IO)
    5.84%
    5.89%
    Variable rate (P&I)
    5.80%
    5.85%
    1. (1) This investor variable rate property loan is available for new borrowings, refinances and top-ups. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI) or up to 90% of the property value with LMI. 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 Variable Rate
    Base Rate (% PA)
    Comparison Rate (% PA)
    Offset Variable Rate (P&I)
    5.84%
    5.89%
    1. (1) This offset investor variable rate property loan is available for new borrowings, refinances and top-ups. Borrow up to 80% of the property value with no Lenders Mortgage Insurance (LMI) or up to 90% of the property value with LMI. 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 Rates
    Base rate (% PA)
    Comparison rate (% PA)
    1 year fixed rate (P&I) for investors
    5.59%
    5.83%
    2 year fixed rate (P&I) for investors
    5.38%
    5.77%
    3 year fixed rate (P&I) for investors
    5.38%
    5.73%
    4 year fixed rate (P&I) for investors
    6.05%
    5.94%
    5 year fixed rate (P&I) for investors
    6.05%
    5.96%
    1 year fixed rate (IO) for investors
    5.79%
    5.84%
    2 year fixed rate (IO) for investors
    5.58%
    5.80%
    3 year fixed rate (IO) for investors
    5.58%
    5.78%
    4 year fixed rate (IO) for investors
    6.25%
    6.00%
    5 year fixed rate (IO) for investors
    6.25%
    6.03%
    1. (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.

Terms and conditions

We recommend that you read the following documents: