Standard variable rate

If you're looking for a basic home loan with a low variable rate, look no further. Our standard variable rate home loan also offers a host of great features including redraw and no ongoing management fees.



You can enjoy the following benefits:

  • 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 criteria


Features of our standard variable rate home loan include:

  • minimum loan amount $20,000
  • maximum loan term 30 years
  • loan portability.

Rates & fees


 Rate paComparison rate pa
Owner-occupied1 3.92%3.96%
Investment2 4.64%4.68%

1 Standard variable rate effective 5 March 2020 for new borrowers
2 Standard variable 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 $150,000 over a term of 25 years.

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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