Police offer for First Home Buyer
Come home to a $5,000 first home buyer cashback
Terms and conditions apply.
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Compare our
first home buyer loans
For a 30 year loan term
Police Variable Rate
5.29p.a.
Variable rate
5.30p.a.
Comparison rate
$3,328/mth repayments
Paying off P&I
Owner-occupier home loan
Available to Police only
100% overtime considered
$0 establishment fee
$0 ongoing or annual fees
Unlimited additional repayments
Redraw available (min $50)
LMI waivers available for up to 90% LVR*
Terms and conditions apply
*More info
Eligibility
Available to current police employees only. Aged 18 years and over. Approval is subject to meeting BankVic's credit assessment.
LMI waivers
Police, emergency and health workers may borrow up to 90% LVR (Loan to Value Ratio) and pay no LMI (Lenders Mortgage Insurance) for certain home loan purposes (e.g., owner occupied property purchase), property type and location. Terms and conditions apply, refer to your BankVic lender for more information.
Loan terms
Owner-occupier variable rate home loan with principal & interest (P&I) repayments. Maximum 30 year loan term.
Available for construction and bridging loans
This rate is available for construction and bridging loans, on an interest only term for up to 24 months for construction loans and 12 months for bridging loans. Once construction is complete, or the existing property is sold and settled, repayments revert to principal & interest for the remainder of the loan term.
Key documents you should consider
Key fact sheets
Target market determination
BankVic credit guide
Cashback Offer
Offset Police Variable Rate
5.33p.a.
Variable Rate
5.34p.a.
Comparison Rate
$3,343/mth repayments
Paying off P&I
Owner-occupier home loan
Available to Police only
100% overtime considered
$0 establishment fee
$0 ongoing or annual fees
Offset & Redraw available
Unlimited additional repayments
LMI waivers available for up to 90% LVR*
Terms and conditions apply
*More info
Eligibility
Available to current Police employees only. Aged 18 years and over. Approval is subject to meeting BankVic's credit assessment.
LMI waivers
Police, emergency and health workers may borrow up to 90% LVR (Loan to Value Ratio) and pay no LMI (Lenders Mortgage Insurance) for certain home loan purposes (e.g., owner occupied property purchase), property type and location. Terms and conditions apply, refer to your BankVic lender for more information.
Loan terms
Owner-occupier offset variable rate home loan for police with principal & interest (P&I) repayments. Maximum 30 year loan term.
Linked Offset account
Link your BankVic everyday transaction account to your offset variable rate home loan for police which may help reduce the amount of interest you pay on your mortgage.
Key fact sheets
Target market determination
Home Loan terms & conditions
BankVic credit guide
Cashback Offer
Fixed Rates
4.98p.a.
2 year fixed rate
5.53p.a.
Comparison rate
$3,214/mth repayments
Paying off P&I
Owner-occupier home loan
$600 establishment fee
$0 ongoing or annual fees
Additional terms available between 1 and 5 years
Additional repayments limited to $10k per year
Offset & Redraw not available
LMI waivers available for up to 90% LVR*
Terms and conditions apply
*More info
Eligibility
BankVic members 18 years and over. Approval is subject to meeting BankVic's credit assessment.
LMI waivers
Police, emergency and health workers may borrow up to 90% LVR (Loan to Value Ratio) and pay no LMI (Lenders Mortgage Insurance) for certain home loan purposes (e.g., owner occupied property purchase), property type and location. Terms and conditions apply, refer to your BankVic lender for more information.
Loan terms
Fixed rate home loan with principal & interest (P&I) repayments for a set term of up to 5 years. Upon expiry of the fixed rate term, the interest rate will revert to BankVic's Variable rate (P&I) applicable at that time. Maximum 30 year loan term.
Key documents you should consider
Key fact sheets
Target market determination
Home Loan terms and conditions
BankVic credit guide
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2. Conditional Offer
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3. Purchase
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