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:  

  • Interest rate discounts on standard variable (up to 0.50% pa) and fixed rate home loans (0.10% pa) 
  • 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
  • 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:

    • annual fee of $375
    • maximum loan term 30 years
    • loan portability.

    Rates & fees

    Rates

     
    Standard variable / Interest only / Line of credit5
      Interest rates (p.a) Comparison rate
    Loans up to $249,999 (0.25% Discount) Owner Occupier: 3.67% 4.04%
      Investment: 4.39% 4.75%
    Loans from $250,000 - $749,999 (0.40% Discount) Owner Occupier: 3.52% 3.90%
      Investment: 4.24% 4.60%
    Loans of $750,000 or more (0.50% Discount Owner Occupier: 3.42% 3.80%
      Investment: 4.19% 4.50%
    Fixed rate  / Interest only fixed - Owner Occupied6
    Fixed Period Interest rates (p.a) Comparison rate (p.a.) $250,000 or less Comparison rate (p.a.) $250,000 to $750,000 Comparison rate (p.a.) Over $750,000
    1-year 2.50% 3.94% 3.81% 3.73%
    2-year 2.50% 3.84% 3.72% 3.72%
    3-year 2.50% 3.75% 3.64% 3.57%
    4-year 2.70% 3.73% 3.63% 3.57%
    5-year 2.70% 3.66% 3.57% 3.52%
    Fixed rate  / Interest only fixed - Investment6
    Fixed Period Interest rates (p.a) Comparison rate (p.a.) $250,000 or less Comparison rate (p.a.) $250,000 to $750,000 Comparison rate (p.a.) Over $750,000
    1-year 3.04% 4.62% 4.49% 4.40%
    2-year 3.04% 4.50% 4.39% 4.40%
    3-year 3.04% 4.40% 4.29% 4.22%
    4-year 3.24% 4.36% 4.27% 4.20%
    5-year 3.24% 4.28% 4.20% 4.14%

    5 Rates effective 5 March 2020 for new borrowers; 16 March 2020 for existing borrowers.
    6 Rates effective 25 March 2020 for new borrowers.

    Comparison Rates: WARNING: These comparison rates are 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 rates have been calculated on an amount of $150,000 over a term of 25 years and are based on anew loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs. Fees and charges apply. Information on terms & conditions, fees & charges and interest rates are available upon application or request.


    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).

    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

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    AFSL 240293 Australian Credit Licence 240293
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