BankVic

Premium Home Package

Whether you’re looking to purchase a new home or refinance from another bank to us, you can take advantage of the great benefits and discounts of our Premium Home Package.  

Receive great discounts on your home loan, lower insurance premiums, higher interest on your term deposits and a whole range of other benefits.

Overview

Benefits

You can enjoy the following benefits:  

  • discount on the interest rate of your home loan account – up to 0.50% pa on a standard variable rate loan1:
    • Loans up to $249,999: 0.25%pa discount
    • Loans from $250,000 - $749,999: 0.40%pa discount
    • Loans of $750,000 or more: 0.50%pa discount
  • additional interest on term deposits1
  • up to 10% discount on insurance premiums2
  • optional 100% offset facility on standard variable rate loans
  • annual fee waiver on your Visa Gold credit card
  • one free initial financial planning consultation and personal risk assessment
  • loan establishment fee waived on home loans that are eligible for package discounts
  • switching fee is waived3, ie when you change your loan from standard variable to a fixed rate
  • cost of up to three standard property valuations4 waived per year.

Eligibility

To be eligible, you must:

  • be a BankVic member
  • be 18 years and over and
  • meet our lending assessment criteria
  • have BankVic transaction account or credit card account (for standard variable interest only or line of credit home loans only).
  • pay the package fee of $375 per annum.

1. Benefits cannot be applied to existing products with fixed interest rate periods until the current period is rolled over.
2. Available on selected insurance policies. Discounts apply on new policies.
3. Early repayment and break costs may apply. Please refer to Fees & Charges.
4. Standard property valuations are defined as those within the Metropolitan area and major regional centres and where the value is under $1million.

Features

Features of our Premium Home Package include:

Rates & fees

Rates

Standard variable / Interest only / Line of credit5
 Discount off standard variable rate
Loans up to $249,999
0.25% pa
Loans from $250,000 - $749,999
0.40% pa
Loans of $750,000 or more60.50% pa
Fixed rate  / Interest only fixed7
 Discount off fixed  rate
1 year
0.10% pa
2 year
0.10% pa
3 year
0.10% pa
4 year
0.10% pa
5 year
0.10% pa


5 Rates effective 22 Aug 2016 for new borrowers; 22 Aug 2016 for existing borrowers.
6 Effective 1 Oct 2013 for new borrowings only.
7 Rates effective 16 October 2017.

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).

Any advice has been prepared without taking account of your objectives, financial situation or needs. Before acting on the advice you should consider whether the advice is appropriate for you. Before you make any decision to acquire any product or service you should obtain and consider the relevant Product Disclosure Statement available on our website, at a branch or by calling 13 63 73. As an AFSL holder, BankVic sells general insurance products under an agreement with Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. Terms, conditions, limits and exclusions apply. If you purchase insurance we will receive a commission that is a percentage of the premium. Fees and charges apply. Interest rates are variable and subject to change. Information on our terms & conditions, interest rates and fees & charges are available on request. Our financial planners are members of the Financial Planning Association of Australia and salaried employees of BankVic, they do not receive a commission for any products they recommend. Please read our Financial Services Guide to see how BankVic receives any income from our financial planning services.

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General Enquiries 13 63 73
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