Introductory 2 year variable rate

Our Introductory 2 year variable rate home loan will get you into your dream home sooner! Offering a very competitive low rate for the first 24 months, after which the interest rate will revert to our standard variable rate.

Overview

Benefits

You can enjoy the following benefits:

  • no account-keeping, management or annual fees
  • free redraw (minimum $50)
  • no penalty fees for early or additional repayments
  • flexible repayment options – weekly, fortnightly or monthly
  • no-obligation quotes for pay-by-the-month insurance (with an option of up to 90 days free building insurance cover during settlement period).

Eligibility

To be eligible, you must:

  • be a BankVic member
  • be 18 years and over and
  • meet our lending assessment criteria.

Features

Features of our Introductory 2 year variable rate home loan include:

  • minimum loan amount: $120,000 (owner-occupied); $150,000 (investment)
  • maximum loan term 30 years
  • optional mortgage repayment insurance (consumer credit insurance)
  • loan portability.

Rates & fees

Rates

 Rate paComparison rate pa
Owner-occupied1
3.79%4.48%
Investment2
3.99%4.85%

1 Introductory 2 year variable rate effective 14 Nov 2016. Minimum loan amount $120,000.
2 Introductory 2 year variable rate effective 12 Dec 2016. Minimum loan amount $150,000.
For new borrowings and refinances (from other financial institutions) only. Upon expiry of the introductory 2 year rate, the interest rate will revert to our standard variable rate.
WARNING: This comparison rate is 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 rate for our home loan is based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. The rate has been calculated on a loan amount of $150,000 over a term of 25 years.

Key facts sheet

You can also request a home loan key facts sheet which will highlight important information such as the total amount that you need to repay over the life of your loan.

Fees & charges

Refer to Fees & Charges (PDF) for information on current fees & charges.

 

Apply now

4 easy ways to apply

Before you apply...

We recommend that you read our Credit Guide (PDF).

BSB: 704 230

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