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 owner occupier variable home loan rate offer is for new borrowings and refinances from other financial institutions outside of BankVic. Offset account not available. The offer is current as at 27 July 2020. BankVic may vary or end the offer at any time without notice. Eligible members who take out a new owner occupier loan or refinance their existing home loan to BankVic during the campaign period will receive $2000 cash back deposited into their BankVic loan account up to 20 days after the loan has funded. Cashback is limited to a maximum of two cashbacks (each cash back applied per single property refinance, irrespective of the number of loans involved in the transaction).
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 - standard rate 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. This variable investor home loan rate is for new borrowings and refinances from other financial institutions outside of BankVic. For principal and interest loans only. Offset account not available. The rate is current as at 1 July 2020 and subject to change. BankVic may vary or end the offer at any time without notice. Minimum loan amount $200,000 with an LVR up to 80%.
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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