Why choose BankVic


  • Below-average upfront fees
  • No ongoing fees
  • Secured and unsecured loans available


  • No low interest rates available
  • Limited amount of branches
  • No redraw facility

BankVic Personal Loans

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Unsecured Personal Loan
  • 1 to 7 years
  • Unsecured
  • Variable Rate
  • No ongoing fees

Australian Credit Licence 240293Fees & charges apply

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.


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based on a $30,000 loan for 5 years at 11.95%

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Features of a BankVic personal loan

The BankVic personal loans range includes a limited number of options for members. Loan types included secured and unsecured loans, with variable interest rates.

Loan amounts go up to $60,000 and are suited for expenses such as home renovations, purchasing a boat or personal items such as a computer.

Personal loan interest rates from BankVic range from moderate to high depending on the type of loan.

Members who take out a personal loan with BankVic can expect a below-average upfront fee and no monthly ongoing fees.

BankVic does not offer its members a redraw facility on personal loans.

BankVic personal loans - customer service

With only six branches to visit within Victoria, customers who live elsewhere in Australia and want to borrow from BankVic will need to use BankVic’s online banking services, or call BankVic’s customer care line by phone.

Who is eligible for a BankVic personal loan?

To be eligible for a BankVic personal loan, members should meet the following criteria:

  • Be a member of BankVic
  • Be over 18
  • Pass the bank’s credit assessment

How to apply for a BankVic personal loan?

The following methods of personal loan applications are available from BankVic:

  • Online application
  • Phone application
  • In person at a branch (Victoria only)

BankVic personal loans review

There is a limited number of personal loan options available from BankVic. Only those working within the police force, emergency services or healthcare (or their families and friends) have access to a BankVic personal loan.

Low interest rates are not available for those who borrow from BankVic. This could be an issue for borrowers who want to minimise the risk of additional debt.

There is also a low upfront fee payable, but no monthly ongoing fees. Some borrowers might see value in these potential savings.

No redraw facility is available with BankVic personal loans. This could be a deterrent for those who would like the option of borrowing back some of the money they’ve already paid off the loan balance.

Use RateCity’s personal loans comparison tool to find the best personal loan interest rates available for your needs.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.