A low variable rate for Police to get into your dream home sooner
Category: Home Loans Last Updated February 7, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information Maximum 30 year loan term
Interest Rate 6.04% PA
Comparison Rate 6.04%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
Redraw
Insurance
Offset
OtherAdditional Information: Victoria Police, Health and Emergency services employees can borrow up to 90% of the property value and pay no LMI for new purchases within Metro Melbourne including Geelong. for Owner Occupied loans
Product Eligibility
Employment Status - Payg Income And Be Outside Any Probationary Periods Of Employment.
Residency Status - Australian Citizen.
OtherAdditional Information: Member of BankVic
OtherAdditional Information: Police Officer
Min Age - 18.
Bank Fees and Charges
Mortgage Establishment Fee (Upfront), Amount: 600.00. Additional Information: Covers the valuation, title search & mortgage preperation costs
Mortgage Establishment Fee Existing Loan (Upfront), Amount: 300.00. Additional Information: New Mortgage and no Valuation required
Valuation Fee (Upfront), Amount: 300.00. Additional Information: Property valuation in metropolitan area
Valuation Fee Country (Upfront), Amount: 330.00. Additional Information: Non-Standard Valuation - At Cost (for country & high-value properties)