Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

BankVic began back in 1974 to improve the financial well-being of Victoria Police members and their families. More than forty years on and its services now extend to members of the health, emergency and public services sectors. The bank is Victorian based, just like its members who have now grown to 112,000. While the bank is big enough to matter, with $2.6 billion in assets, it is still small enough to care about the financial well-being of each and every one of its members.

BankVic exists to strengthen the communities which it serves. Its aim is to build healthy communities that are financially, socially and environmentally sustainable. That is why it says, “we’re about people before profits”. The bank has long-standing associations with a range of community organisations, providing valued support and assistance to different community sectors.

BankVic has branches in the City West, Glen Waverley, Royal Children's Hospital, Monash Medical Centre, Sunshine Hospital, and World Trade Centre. In addition to these branches, you can also contact the bank on specialised lines that cover its products. There is also a direct line for those wanting to speak to a financial planner. You can make online enquiries, visit or phone a branch for any immediate or important queries.

The bank offers products such as home and personal loans, credit cards and insurance, and members can meet with its financial planners for advice on a range of investment topics. In terms of home loans, it offers basic variable rate, fixed rate, and standard variable rate options.

To be able to take out a home loan with BankVic, you will need to be a member first. To be eligible for membership, you have to be:

  • A police force member
  • Involved in health, emergency or public services
  • Or a family member of a person employed in police, health, public or emergency service

For the application proper, you will need to provide the following:

  • Your passport and/or Australian driver's licence details (if you are new to BankVic)
  • Your employment, income and living expense details
  • Details of your assets including land, house, vehicles, savings, shares and super
  • Details of any amount you owe on loans, overdrafts or credit /store cards (including limits and repayments)

BankVic allows potential borrowers to apply for a loan in a number of ways, including online, by phone or by visiting a branch. There is also the option to make an appointment with a mobile lender.