BankVic reduces lending rates for its standard variable rate home loans

With effect from 16 May 2016, BankVic will reduce interest rates for its standard variable rate home loans as follows:

ProductOld rate % p.a.New rate % p.a.Change %
Standard Variable Home Loan - owner occupied4.994.74-0.25
Standard Variable Home Loan - investment5.244.99-0.25

These interest rates are considerably lower than the recently announced standard variable home loan interest rates of the major banks:

Standard Variable Rate % p.a.
Westpac5.43
ANZ5.37
NAB5.35
CBA5.35
   

As announced on major banks' websites on 6 May 2016


BSB: 704 230

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