Category: Home Loans Last Updated October 14, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate 5.93% PA
Comparison Rate 5.94%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
Redraw
Insurance
Offset
Product Eligibility
Employment Status - Payg Income And Be Outside Any Probationary Periods Of Employment.
Residency Status - Australian Citizen.
OtherAdditional Information: Member of BankVic
OtherAdditional Information: Police Officer
Min Age - 18.
Bank Fees and Charges
Mortgage Establishment Fee (Upfront), Amount: 600.00. Additional Information: Includes valuation, solicitor s fees, one Torrens title search and mortgage preparation costs. If applicable, the following fees may be summarised and presented as an Establishment Fee
Mortgage Establishment Fee Existing Loan (Upfront), Amount: 300.00. Additional Information: Includes, solicitor s fees, one Torrens title search and mortgage preparation costs. If applicable, the following fees may be summarised and presented as an Establishment Fee
Valuation Fee (Upfront), Amount: 300.00. Additional Information: Only charged when a standard metro valuation is needed for setup or if additional valuation is required. If applicable, this fee may be summarised and presented as an Establishment Fee
Valuation Fee Country (Upfront), Amount: 330.00. Additional Information: Charged at-cost for non-standard valuation (e.g. country property, interstate or high-value properties)
Switching Loan Products (Upfront), Amount: 200.00. Additional Information: Loan switching payable when we agree to your request to change your type of home loan or your interest rate.
Production Of Title Fee (Upfront), Amount: 330.00. Additional Information: Request to revise Certificate of Title held by BankVic requires consent to mortgage, ownership, including subdivisions, second mortgages, caveats in Victoria only (fee can differ in other states)
Top-up Fee (Upfront), Amount: 200.00. Additional Information: Increase in loan amount with no valuation required. This top-up fee is waived when a standard metro valuation is required for an increase in loan amount.
Representation Fee (Event), Amount: 99.00. Additional Information: Attendance at settlement by BankVic or its representative
Security Substitution Fee (Event), Amount: 400.00. Additional Information: Exclusive of government and other charges
Discharge Fee (Event), Amount: 295.00. Additional Information: Payable upon payout of your loan if you request to discharge the mortgage. Exclusive of government and other charge
Title Search Fee (Event), Amount: 25.00. Additional Information: Torrens title, where additional searches required