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BankVic Personal Loans

A BankVic personal loan is great for taking your plans off the shelf and into reality. If flexibility with your repayments is at the top of your list, then compare options from this lender below. You can also use our repayment calculator to find a match for your budget.

Compare BankVic Rates

Loan Amount



3 months


Personal Loan Variable Secured

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

Personal Loan Variable Unsecured

EST Monthly Repayment
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Whether it's that home theatre, boat, furniture or computer that you've been thinking of, BankVic's personal loan can help make your dreams come true. provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 years. 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. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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BankVic personal loans – Become a member and apply

BankVic is a 100% customer-owned, Victorian-based bank for police, the emergency services sector, health workers, and the public sector.

If you’re in the market for a personal loan, BankVic offers both secured and unsecured credit to qualifying members. In this guide, BestFind gives you the run-down on BankVic personal loans to help you make an educated decision on whether to apply.

BankVic personal loan specs

  • Loan amounts – From $500
  • Loan terms – Up to 5 years
  • Interest rates – From 9.95% (unsecured)
  • Interest rate type – Fixed and variable
  • Security – Secured and unsecured

What you need to know about BankVic personal loans

Three loan options

BankVic Offers the following types of products:

  • Unsecured personal loan. This product comes with a minimum amount of $500 and a variable rate. That means your repayments may change along the way as the interest rate fluctuates. You can use the loan to make a big purchase, fund your holiday, home makeover, or other projects. Because the funds are not secured, you can qualify without putting up collateral.
  • Secured car loan. When you choose a BankVic secured personal loan, you’ll use your car or perhaps another asset to guarantee the debt. The minimum amount is $10,000, and you get a fixed rate that locks in your remains for the life of the loan. If you need more info on BankVic car loans, click the link to access our guide.
  • Overdraft. With an overdraft, you have an on-demand line of credit you can access to fund all your short-term or unexpected expenses. Amounts range from $500 to $10,000, and there are no application or monthly service fees. You pay no interest until you start using the facility and then only on the amount you owe.

Rates, fees, and charges

BankVic secured personal loans come with a lower rate than unsecured loans. Both options have a $90 application fee, but there are no monthly service fees. Other fees may also apply, so make a point to check the fine print before accepting your loan offer.

Repayment options

You can opt for weekly, fortnightly, or monthly repayments. Additionally, it’s possible to make unlimited repayments without incurring penalties or an early repayment fee. If you want to know what your repayments will be, our BankVic car loan calculator can help you find the best estimate before you apply.


  • Small personal loans are often challenging to find, but BankVic allows you to borrow as little as $500, so you’re not forced to apply for more than you need.
  • BankVic also accepts joint applications if you need to boost your chances of approval.
  • BankVic personal loans come with fewer fees and plenty of repayment flexibility.


  • Although it’s possible to make extra repayments, there’s no redraw facility to access those repayments should you need to.
  • BankVic personal loan rates are only moderately competitive.

How to qualify

BankVic’s general requirements for applicants states that you must be:

  • A BankVic member
  • An Australian resident
  • At least 18 years of age
  • Not have declared bankruptcy or insolvency in the last 5 years
  • Not have any defaults on any loans, credit cards, store cards, and interest free finance in the previous 5 years

Applying for a BankVic personal loan online

BankVic says their online application process takes as little as 5 minutes to complete. Get the ball rolling with a click on the “Go to Site” button in the table above. Once your application goes through, simply wait for BankVic to get in touch. You may need to supply the following:

  • Payslips for the last two months
  • Everyday banking statements for the last three months
  • Existing credit facilities for the last three months

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