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.
| Features | Fees & charges | Overview | ||
|---|---|---|---|---|
| Minimum loan amount |
$250,000 | |||
| Maximum borrowings |
Up to 80% of the value of property offered as security |
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| Maximum loan term |
30 years |
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| Loan type |
- Standard variable (principle and interest) |
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| Split loan |
Yes. You have the flexibility to split your loan to best suit your needs. |
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| 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 Everyday 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. |
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| Additional repayments |
Yes. Pay off your loan faster and save on interest. Note: On a fixed rate loan, you may incur early repayment costs. |
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| Redraw facility |
Yes. Access your additional loan payments (minimum amount $50). Note: redraw facility is not available on interest only loans. |
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| 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. |
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| Loan portability |
Yes. |
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| Establishment fee |
Nil |
No separate establishment fee applies. |
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| Annual fee |
$375 |
Yes. Annual fee will be charged when your loan commences and on the anniversary date thereafter. |
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| Monthly fee |
Nil |
The first Investor account is free. Additional Investor accounts will be charged at $10 per month. |
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| 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. |
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| 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 â your choice). |
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| 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. |
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| Visa credit card (optional) |
Yes. Option to choose from a Visa Gold or Silver credit card. |
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| 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. |
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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 Statements and Terms & Conditions 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 AFSLÂ 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.