Line of credit

Are you thinking about renovating, going for that dream holiday or maybe buying a boat?  

Our line of credit is an all-in-one loan solution that allows you to unlock the equity in your home.



You can enhance your lifestyle, no matter what life stage you're at and enjoy the following benefits:

  • Visa debit card linked to your loan account so you can withdraw cash or make purchases directly from your line of credit account
  • no penalty fees for early or additional repayments
  • 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 and
  • meet our lending assessment criteria.


Features of our line of credit include:

  • minimum loan amount $50,000
  • maximum loan term 30 years
  • optional Visa debit card
  • loan portability
  • monthly repayments.

Rates & fees


Rate paComparison rate pa
Owner-occupied13.92% N.A.

1 Line of credit rate effective 5 March 2020 for new borrowers; 16 March 2020 for existing borrowers.
2 Line of credit 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 AUD$150,000 over a term of 25 years.

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).

As an AFSL holder, BankVic sells general insurance products under an agreement with Insurance Australia Limited ABN 11 000 016 722 AFSLĀ 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
Copyright 2017