Student loan

If you need some extra assistance getting ready for student life, we can help you achieve your goals quicker with a student loan.

Overview

Benefits

You can enjoy the following benefits:

  • flexible repayment options 
  • your redraw facility allows you to withdraw from your advance repayments – anytime you like, as many times as you like (minimum $50) 
  • no annoying monthly fees. 

Eligibility

To be eligible, you must:

  • be a BankVic member 
  • be aged 18 – 25 years and be studying:
    • full time at an Approved Tertiary Education Institution (University or TAFE) and 
    • a course not less than 12 months in duration 
  • meet our lending assessment criteria applying to all credit applications. 

Features

Features of our student loan include:

  • competitive interest rate 
  • interest only option available 
  • flexible repayment options 
  • no penalties for early or additional repayments 
  • redraw facility – no limit to the number or timing of withdrawals (minimum $50) 
  • loans from $1,000.

Rates & fees

Rates

 Rate paComparison rate pa
Fixed unsecured (1 - 5 years)
9.75%10.37%

Rates are effective 1 Jul 2016 and subject to change at any time.
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 has been calculated on an unsecured loan amount of $10,000 over a term of 3 years.

Fees & charges

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

Apply now

3 easy ways to apply

Before you apply...

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

BSB: 704 230

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