Base variable rate

Save more with our simple low-cost owner occupied home loan, offering a low variable rate and no account-keeping fees.



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 of weekly, fortnightly or monthly
  • interest calculated daily and debited monthly in arrears
  • pre-approval certificate (valid for three months)
  • no-obligation quotes for pay-by-the-month insurance (with an option of 90 days free building insurance cover during settlement period)


To be eligible, you must:

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


Features of our base variable rate home loan include:

  • minimum loan amount $120,000
  • maximum loan term 30 years
  • loan portability.

Rates & fees


Rate pa Comparison rate pa     
Owner-occupied - standard rate1 3.11% 3.15%
Owner-occupied - special rate2 2.74% 2.78%

1 This rate is current as at 5 March 2020 and subject to change.
This owner occupier variable home loan rate is for new borrowings and refinances from other financial institutions outside of BankVic. 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%.

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.

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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