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Savrr Comparison & Discount Codes

BankVic - Fixed Rate Home Loan

Fixed | Fixed for 5 years | Owner Occupied | Principal & Interest | LVR up to 80% | Borrowing between $20,000 and $2,000,000

The BankVic Fixed Rate Home Loan offers an advertised interest rate of 5.85% p.a. and a comparison interest rate of 6.04% p.a.. The BankVic Fixed Rate Home Loan is suitable for Owner Occupiers with Fixed terms.

More BankVic Fixed Rate Home Loan details can be found below or visit BankVic to learn more or apply.

Compare our full range of Home LoansProduct Image For BankVic - Fixed Rate Home Loan - Fixed | Fixed for 5 years | Owner Occupied | Principal & Interest | LVR up to 80% | Borrowing between $20,000 and $2,000,000
A Fixed rate loan for Owner Occupiers repaying the Principal & Interest with an advertised interest rate of 5.85% p.a. and a comparison interest rate of 6.04% p.a.
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Advertised Rate

5.85% p.a. Fixed - 5 years

Comparison Rate

6.04% p.a. Fixed - 5 years

Application Fee

$600 one off

Loan To Value

80%
Compare our full range of Home Loans

Interest

Rate Type
Fixed
Fixed Period
5
years
Advertised Rate
5.85% p.a.
Fixed - 5 years
Comparison Rate
6.04% p.a.
Fixed - 5 years
Calculation Frequency
Daily
Application Frequency
Monthly

Terms

Suitability
Owner Occupiers
Borrowing
$20,000 to $2.0m
Term
1 to 30
years
Loan To Value
80%

Repayment

Type
Principal & Interest
Frequency
Monthly, Weekly, Fortnightly
Extra Repayments
Yes

Fees

Application Fee
$600
one off
Valuation Fee
$300
per event
Settlement Fee
$409
per event
Ongoing Fee
$0
per month
Discharge Fee
$295
per event
Top Up Fee
$200
per event
Switch Loan Fee
$200
per event

Features

Redraw
No
Loan Offset
No
Loan Switching
Yes
Loan Top Up
Yes

Who is the product designed for?

These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:

Objectives

  • Funding to build, buy or refinance a home or an investment property

  • A fixed interest rate and repayment amount for the period of the fixed rate term
    Needs

  • A home loan to build, buy or refinance a property

  • Access to personalised guidance and support from an experienced lender

  • Individual assessment of loan serviceability
    Financial Situation

  • Has sufficient disposable income to service a home loan over the life of the loan

  • Has the funds to meet minimum deposit requirements

  • May require the backing of a family guarantor

  • Regular income may include penalty rates, overtime, and bonuses
    Eligibility criteria

  • Eligible for BankVic membership

  • Aged 18+ years

  • No history of loan/credit default, bankruptcy, or insolvency

  • Has sufficient disposable income to service a loan over the life of the loan

  • Has the funds to meet minimum deposit requirements

  • Approval subject to BankVic credit assessment.

Visit BankVic to view Target Market Determination Effective From: 2024-11-18.

Savrr.com is a trading name of Fair Comparison Pty Ltd. The 'compare' pages of this website are provided by Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to compare a range of credit card, home loan, personal loan, and car loan products. Fair Comparison Pty Ltd may receive a fee if users click through, apply and/or successfully acquire a loan or credit card product from or through a product provider.

Fair Comparison provides information relating to credit products offered by banks and other credit providers. We are not providers of loan, credit, or any other financial products. While we aim to provide information about a variety of products, we do not provide information about all products or product features available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific products. Should you choose to apply for a product which is listed, you will deal directly with the provider of the product or its broker/representative. We aim to provide useful and up to date information, but you should always carefully check product information with the product provider prior to applying for or taking out a credit product. If you are unsure, you should seek clarification from the product provider or independent financial advice.

Savrr Comparison & Discount Codes
Australia - © 2023 Fair Comparison Pty Ltd
Savrr.com is a trading name of Fair Comparison Pty Ltd. The 'compare' pages of this website are provided by Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to compare a range of credit card, home loan, personal loan, and car loan products. Fair Comparison Pty Ltd may receive a fee if users click through, apply and/or successfully acquire a loan or credit card product from or through a product provider.
Fair Comparison provides information relating to credit products offered by banks and other credit providers. We are not providers of loan, credit, or any other financial products. While we aim to provide information about a variety of products, we do not provide information about all products or product features available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific products. Should you choose to apply for a product which is listed, you will deal directly with the provider of the product or its broker/representative. We aim to provide useful and up to date information, but you should always carefully check product information with the product provider prior to applying for or taking out a credit product. If you are unsure, you should seek clarification from the product provider or independent financial advice.
Global - © 2023 Fair Comparison Ltd
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