Home & investment loans interest rates


Owner-occupied

Owner-occupied home loans

Variable rate loans Rate pa Comparison rate pa
Standard variable rate
3.92% 3.96%
Base variable rate
Standard rate 3.11% 3.15%
Special rate1 2.74% 2.78%
Introductory 2 year variable rate2
2 year
2.89% 3.74%
Offset variable
  3.97% 4.01%
Line of credit
  3.92% N.A.
    
Fixed rate loans3 Rate pa Comparison rate pa
1 year - standard rate 2.60% 3.80%
2 year - standard rate 2.60% 3.72%
3 year - standard rate 2.60% 3.62%
4 year - standard rate 2.80% 3.59%
5 year - standard rate 2.80% 3.51%
Home Loan Packages
First Home Buyer home loans Rate p.a. Comparison rate p.a.
Variable rate loans
 3.07% 3.07%
First Home Buyer fixed rate loans
1 year 2.50% 3.02%
2 year 2.50% 2.97%
3 year 2.50% 2.93%
4 year 2.70% 2.95%
5 year 2.70% 2.92%
Premium Home Package Owner Occupied Variable / Interest only / Line of credit
  Interest rates (p.a) Comparison rate
Loans up to $249,999 (0.25% Discount) 3.67% 4.04%
Loans from $250,000 - $749,999 (0.40% Discount) 3.52% 3.90%
Loans of $750,000 or more (0.50% Discount) 3.42% 3.80%
Premium Home Package fixed rate / interest only
Fixed Period Interest rates (p.a) Comparison rate (p.a.) $250,000 or less Comparison rate (p.a.) $250,000 to $750,000 Comparison rate (p.a.) Over $750,000
1-year 2.50% 3.94% 3.81% 3.73%
2-year 2.50% 3.84% 3.72% 3.72%
3-year 2.50% 3.75% 3.64% 3.57%
4-year 2.70% 3.73% 3.63% 3.57%
5-year 2.70% 3.66% 3.57% 3.52%

1 This offer is available for new owner occupier borrowings and refinances from other financial institutions. Minimum loan amount $200,000. This is a variable owner occupier loan offer for principal and interest loans only. BankVic may vary or end the offer at any time without notice. The rate is current as at 5 March 2020 and subject to change.
2 This rate is for new borrowings and refinances from other financial institutions only.
3 Rates effective rates effective 25 March 2020.

All rates are effective 5 March 2020 except where otherwise specified. Fees and charges apply. All loans are subject to our standard credit assessment criteria. Information on our terms & conditions, interest rates and fees & charges are available on request. Rates are subject to change at any time. 

Comparison Rate: The comparison rate for our home loans 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. 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.

    

Investment

Investment home loans

 
Variable rate loans1 Rate pa Comparison rate pa
Base variable investor rate
Principal & Interest 3.24% 3.28%
Interest only 3.44% 3.97%
Standard variable rate
  4.64% 4.68%
Offset variable
  4.69% 4.73%
Line of credit
4.64% N.A.
Fixed rate loans2 Rate pa Comparison rate pa
1 year 3.14% 4.54%
2 year
3.14% 4.41%
3 year 3.14% 4.28%
4 year 3.34% 4.24%
5 year 3.34% 4.15%
Premium Home Packages
Premium Home Package Investor Variable / Interest only / Line of credit3
  Interest rates (p.a) Comparison rate
Loans up to $249,999 (0.25% Discount) 4.39% 4.75%
Loans from $250,000 - $749,999 (0.40% Discount) 4.24% 4.60%
Loans of $750,000 or more (0.50% Discount) 4.14% 4.50%
Premium Home Package Fixed rate / interest only2
Fixed Period Interest rates (p.a) Comparison rate (p.a.) $250,000 or less Comparison rate (p.a.) $250,000 to $750,000 Comparison rate (p.a.) Over $750,000
1-year 3.04% 4.62% 4.49% 4.40%
2-year 3.04% 4.50% 4.39% 4.40%
3-year 3.04% 4.40% 4.29% 4.22%
4-year 3.24% 4.36% 4.27% 4.20%
5-year 3.24% 4.28% 4.20% 4.14%
 

1 Rates effective 5 March 2020 for new borrowers.
2 Rates effective 25 March 2020.
3 Rates effective 5 March 2020 for new borrowers; 16 March 2020 for existing borrowers.

Comparison Rates: WARNING: These 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 have been calculated on an amount of $150,000 over a term of 25 years and are based on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. Fees and charges apply. Information on terms & conditions, fees & charges and interest rates are available upon application or request.

BSB: 704 230

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