BankVic Personal Loans | Interest Rates & Fees - BestFind
Important disclosure

BankVic Personal Loans

BankVic is a member owned bank, focused on serving police, health, emergency and public services, as well as their family and friends. BankVic opened their doors in 1974 and has now grown to service over 112,000 members.

BankVic has four personal loan products and an overdraft facility. BankVic has a secured and unsecured variable rate personal loan, a secured fixed rate car loan and a travel loan. The key features of BankVic’s unsecured personal loans include the option to borrow up to $60,000, a low $90 application fee and 7 year terms. BankVic personal loans also have no regular monthly fees.

BankVic’s negative is that they’re part of Cashcard ATM network.

BankVic Personal loan approval time vary; for some existing clients applications will be approved on the same day. If they require additional information, it anywhere between 2 and 5 business days.

Compare BankVic Personal Loans

Whether it’s that home theatre, boat, furniture or computer that you’ve been thinking of, our personal loan can help make your dreams come true.

Overview

Minimum loan amount$3,000

Maximum loan amount$60,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)12.95%

Personal loan comparison rate13.58%

Monthly repayments (approx)$339

Total repayments (approx)$12,230

Total interest repayments (approx)$2,230

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$20

Application / establishment fee$90

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Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone13 63 73

Data accurate as of4/04/2017

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Whether it’s that home theatre, boat, furniture or computer that you’ve been thinking of, our personal loan can help make your dreams come true.

Overview

Minimum loan amount$3,000

Maximum loan amount$60,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)12.95%

Personal loan comparison rate13.58%

Monthly repayments (approx)$339

Total repayments (approx)$12,230

Total interest repayments (approx)$2,230

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$90

GO TO BankVic

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone13 63 73

Data accurate as of4/04/2017

GO TO BankVic

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We provide a range of flexible personal loans designed to suit your needs.

Overview

Minimum loan amount$5,000

Maximum loan amount$40,000

Minimum term (years)2 years

Maximum term (years)7 Years

Personal loan interest rates (base)8.95%

Personal loan comparison rate10.56%

Monthly repayments (approx)$333

Total repayments (approx)$12,020

Total interest repayments (approx)$2,020

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee4%, maximum $495

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Other Fees & Information

Monthly fee$13

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone1300 275 669

Data accurate as of26/10/2018

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Did you know you can compare 100’s of personal loans? Browse, filter and save on our main personal loans comparison page.

Compare and review BankVic personal loan rates

BankVic personal loan purposes

You can borrow for almost any worthwhile purpose, and no, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purposes BankVic will lend for:

BankVic personal loan approval time

If you’re an existing BankVic member you may have applications approved and funded on the same day. For more complex applications approval times vary between 2 and 5 working days.

Do you have an BankVic personal loans calculator?

Yes. View the BankVic Personal Loans calculator.

BankVic personal loan application

If you’d like to apply online for an BankVic personal loan, visit BankVic’s website by clicking here.

BankVic’s personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the BankVic’s lending criteria. Below is high-level overview of BankVic’s criteria:

BankVic personal loan requirements

  • Be a BankVic member
  • Minimum age of 18
  • Earn a regular income
  • An Australian citizen or permanent resident

Information you’ll need to provide

Whether at the BankVic branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with BankVic

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your BankVic personal loan

There are many additional factors BankVic consider when assessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

BankVic personal loan application status

If you have already applied for an BankVic personal loan, you can check your application status by calling 13 63 73, 8.00am to 7.00pm AEST, Monday to Friday or 9.00am to 12.00pm, Saturday.

Additional product information

BankVic minimum and maximum personal loan amounts

You can borrow between $2,000 and $60,000.

BankVic personal loan terms

Terms vary between 1 year and 7 years.

BankVic repayment schedule

BankVic allow weekly, fortnightly or monthly repayment.

BankVic personal loan redraw facility

BankVic’s Variable Rate Personal Loan gives you the option to make redraw additional payments you may have made.

BankVic video

Here’s a video of BankVic doing some nice stuff for their community.

Other BankVic products

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