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BankVic Fixed Rate Home Loan

The BankVic Fixed Rate Home Loan offers fixed rates from 5.49% p.a. (5.80% p.a. comparison rate*). Up to $3,000 cashback when you refinance to BankVic. Low deposit home loans.


Updated 10 May 2025


Fact checked and verified. Updated 10 May 2025
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Interest Rates
Enter scenario to see relevant rates
I want to borrow
with a deposit of
for my
Principal & Interest(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

1 Year Fixed

5.69%

5.88%

2 Year Fixed

5.49%

5.83%

3 Year Fixed

5.49%

5.80%

4 Year Fixed

5.65%

5.82%

5 Year Fixed

5.65%

5.81%

Expert Review

If you're looking for a fee free home loan with basic features, then the BankVic Fixed Rate Home Loan is worth considering. As one of BankVic's more basic home loan offerings, it features fixed interest rates across the Owner Occupier category, and the ability to split your loan with BankVic's variable rates. Further details about the BankVic Fixed Rate Home Loan benefits are outlined below.

Basic non-package loan for owner occupiers:
The key features under this relatively basic offering for owner occupier loans are focused on pricing. Specifically, pricing advertised includes a $0 monthly fee, with a 3 year fixed interest rate from 5.49% p.a. (5.80% p.a. comparison rate), in addition to other investor fixed-rate terms, shown on this page. Upon expiry of the fixed rate term, the interest rate applied to the loan will revert to a variable rate, currently starting from 5.85% p.a. (5.85% p.a. comparison rate), however borrowers usually renegotiate prior to this. Please keep in mind that despite this being a relatively basic no-frills product offering by BankVic, these rates should be able to be negotiated down, particularly for people borrowing a sizeable amount, or for those who hold a sizeable deposit or equity in a property already. This loan does require a minimum of either 10% deposit or 10% existing equity, and often anything above these amounts will help you negotiate a lower interest rate. There is the option to split the loan into Variable and Fixed rate components, plus being able to make extra repayments. In terms of repayments Principal and Interest repayments are available.
Summary
Considering the basic features available with this product, this home loan will appeal to owner occupier borrowers. It will also appeal to someone where the lesser known BankVic brand and service isn’t a concern, or for those who are happy to bank with a lender that offers features most important to them, over who the lender is.

Product Details
Lock in your interest rate for certainty of home loan repayments"
- BankVic
Fees

•

$600 establishment fee

•

$0 annual fee

Other fees may apply.

Feature

•

No ongoing fees

•

Split your loan into fixed and variable rate portions

•

Make extra repayments

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the BankVic website.

More information
* Comparison rate is based on a secured loan of $150,000 over a 25 year term. 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.
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