BankVic

Portfolio Package

Secured by your existing property, our Portfolio Package is designed for the more experienced investor. It allows you to organise your personal and investment borrowings to best suit your financial needs.

Structured as a combined portfolio, our Portfolio Package allows you up to nine sub-accounts, with the flexibility to change the structure of your loans on your sub-accounts whenever you want.

FeaturesFees & chargesOverview
Minimum loan amount
 $250,000
Maximum borrowings
 

Up to 80% of the value of property offered as security

Maximum loan term
 

30 years

Loan type
 

-  Standard variable (principle and interest)
-  Fixed rate
-  Interest only

Split loan
 

Yes. You have the flexibility to split your loan to best suit your needs.

100% interest offset facility
The first offset account is free. Additional offset accounts will be charged at $10 per month.

Yes. Save on interest by offsetting the funds in your linked Investor or Ezepac account against the balance of your loan. Note: Not all transaction accounts offer the offset facility.  Offset facility is only available on variable rate loans.

Additional repayments
 

Yes. Pay off your loan faster and save on interest. Note: On a fixed rate loan, you may incur early repayment costs.

Redraw facility
 

Yes. Access your additional loan payments (minimum amount $50). Note: redraw facility is not available on interest only loans.

Repay loan early
 

Make additional payments and redraw on the variable portion of your loan. Note: Additional or lump sum payments may incur penalties on a fixed rate loan.

Loan portability
 

Yes.

Establishment fee
Nil

No separate establishment fee applies.

Annual fee
$375

Yes. Annual fee will be charged when your loan commences and on the anniversary date thereafter.      

Monthly fee
Nil

The first Investor account is free. Additional Investor accounts will be charged at $10 per month.

Investor account (optional)
 

Yes. Your loan may be linked to a transaction account (Investor account) where you can deposit your rental income and other funds. Alternatively, you can keep your everyday transaction account separate from your investment account.

Flexible sub-accounts 

Yes. Sub-accounts allow you to structure your other personal loans separate from your investment loans. You can choose the loan type for each of your sub-accounts (fixed, standard variable or interest-only – your choice).

Overdraft (optional)
 

Yes. An overdraft facility is available giving you access to funds in case of an emergency. Note: If taken, the approved credit limit becomes part of your maximum borrowings.

Visa credit card (optional)
 

Yes. Option to choose from a Visa Gold or Silver credit card.

Cheque book (optional)
$1 per cheque

Yes. Optional cheque book will be linked to your Investor account.

Interest in advance
 

Yes. You can pay your interest 12 months in advance. Note: Available only on a fixed home loan option. Break costs may apply.

Any advice has been prepared without taking account of your objectives, financial situation or needs. BankVic cannot provide tax advice. Before acting on the advice you should consider whether the advice is appropriate for you. Investment and taxation advice should be sought from an experienced adviser. Our financial planners may be able to assist with investment advice. 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.

BSB: 704-230

Police Financial Services Limited - ABN 33 087 651 661
AFSL 240293 Australian Credit Licence 240293
General Enquiries 13 63 73
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