Line of credit

Are you thinking about renovating, going for that dream holiday or maybe buying a boat?  

Our line of credit is an all-in-one loan solution that allows you to unlock the equity in your home.



You can enhance your lifestyle, no matter what life stage you're at and enjoy the following benefits:

  • Visa debit card linked to your loan account so you can withdraw cash or make purchases directly from your line of credit account
  • no penalty fees for early or additional repayments
  • 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 and
  • meet our lending assessment criteria.


Features of our line of credit include:

  • minimum loan amount $50,000
  • maximum loan term 30 years
  • optional Visa debit card
  • loan portability
  • monthly repayments.

Rates & fees


Rate paComparison rate pa
Owner-occupied13.92% N.A.

1 Line of credit rate effective 5 March 2020 for new borrowers; 16 March 2020 for existing borrowers.
2 Line of credit rate effective 5 March 2020 for new borrowers

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 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 AUD$150,000 over a term of 25 years.

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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