BankVic
Home Loan Special Variable Rate
Home loans with more than just low rates
Home loansBank updated 2 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 5.99% · 5.99% comparison
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied · P&I | — | — | 5.99% | 5.99% | — |
§ 02 — Fees · 13
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| VALUATION_FEE_-_NON_STANDARD | Cash advance | No fee | — | At Cost Valuation for Non-Standard (e.g. Country, Interstate or High Value) |
| DISCHARGE_FEE | Event | $295 | — | Payable upon payout of your loan if you request to discharge the mortgage. Exclusive of government and other charge |
| REPRESENTATION_FEE | Event | $99 | — | Attendance at settlement by BankVic or its representative |
| SECURITY_SUBSTITUTION_FEE | Event | $400 | — | Exclusive of government and other charges |
| TITLE_SEARCH_FEE | Event | $25 | — | Torrens title, where additional searches required |
| FINANCIAL_INSTITUTION_CHEQUE | Transaction | No fee | — | — |
| REDRAW | Transaction | No fee | — | Only available with variable rate home loans. Minimum transaction at $50 |
| MORTGAGE_ESTABLISHMENT_FEE_EXISTING_LOAN | Upfront | $300 | — | Includes, solicitor s fees, one Torrens title search and mortgage preparation costs. If applicable, the following fees may be summarised and presented as an Establishment Fee |
| MORTGAGE_ESTABLISHMENT_FEE | Upfront | $600 | — | Includes valuation, solicitor s fees, one Torrens title search and mortgage preparation costs. If applicable, the following fees may be summarised and presented as an Establishment Fee |
| PRODUCTION_OF_TITLE_FEE | Upfront | $330 | — | Request to revise Certificate of Title held by BankVic requires consent to mortgage, ownership, including subdivisions, second mortgages, caveats in Victoria only (fee can differ in other states) |
| SWITCHING_LOAN_PRODUCTS | Upfront | $200 | — | Loan switching payable when we agree to your request to change your type of home loan or your interest rate. |
| TOP-UP_FEE | Upfront | $200 | — | Increase in loan amount with no valuation required. This top-up fee is waived when a standard metro valuation is required for an increase in loan amount. |
| VALUATION_FEE | Upfront | $300 | — | Only charged when a standard metro valuation is needed for setup or if additional valuation is required. If applicable, this fee may be summarised and presented as an Establishment Fee |
§ 03 — Features
Offset accountRedrawExtra repaymentsNo-obligation quotes for insurance (with an option of 90 days free building insurance cover during settlement period)
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian citizen
- · Employment: PAYG income and be outside any probationary periods of employment
- · Member of BankVic
§ 06 — Run the numbers
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Published by BankVic under the Consumer Data Right, last changed by them on 2 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.