8.7 / 10

based on 427 reviews as rated by Mozo community

BankVic car loans

BankVic, formerly the Police Credit Union VIC, is a mutual bank wholly owned by its members. BankVic offers financial services for people working in police, health, emergency and public services along with their family and friends. Personal banking products available at BankVic include credit cards, home loans, insurance and financial advice.

BankVic offers the following car loans

Rates and fees verified as correct at 15 January, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Car Loan (Fixed, Secured)

6.99% p.a.

7.12% p.a.based on $30,000
over 5 years

$90

Unsecured Personal Loan (Fixed)

9.95% p.a.

10.57% p.a.based on $10,000
over 3 years

$90

Unsecured Personal Loan (Variable)

9.95% p.a.

10.57% p.a.based on $10,000
over 3 years

$90

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

How are BankVic car loans rated?

Mozo users have rated BankVic car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of car-loans
BankVic car loans
Overall
7.9/10
Price
Features
Customer service
Convenience
Trust

11 Reviews

Recent BankVic car loan reviews

BankVic Car Loan review
Overall 10/10
Very helpful, friendly and very easy to deal with.

Very competitive and amazing customer service, happy to go that one step further for their customers.

Read full review

Very competitive and amazing customer service, happy to go that one step further for their customers.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Tanya, Victoria, reviewed about 5 years ago
BankVic Car Loan review
Overall 9/10
Flexible, informative, competitive, no bank

We have been banking with BankVic for over 10 years and have always found them extremely helpful, informative and caring. Their packages for loans and saving accounts are fabulous so flexible and rewarding. We have been able to pay off our cars fast with their flexible loans without being penalised for our hard work. We recommend them to everyone.

Read full review

We have been banking with BankVic for over 10 years and have always found them extremely helpful, informative and caring. Their packages for loans and saving accounts are fabulous so flexible and rewarding. We have been able to pay off our cars fast with their flexible loans without being penalised for our hard work. We recommend them to everyone.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Mozo community reviewer, Queensland, reviewed over 7 years ago
BankVic Car Loan review
Overall 8/10
Great customer service

Police credit are pretty good. I knew how much I could loan. Only took a couple of days for the cheque to be drawn. Was really quick.

Read full review

Police credit are pretty good. I knew how much I could loan. Only took a couple of days for the cheque to be drawn. Was really quick.

Price
8/10
Features
8/10
Customer service
8/10
Convenience
8/10
Trust
8/10
Less
Shirlene, Victoria, reviewed almost 8 years ago
BankVic Car Loan review
Overall 0/10
STAY AWAY from this bank- non-existent service!!

This bank has very low interest rates and fees but as they only have one branch in Victoria and the call centre is only open from 9am-5pm Monday-Friday they are incredibly understaffed and it shows. I have been waiting 6 business days now and they still have not even assessed my car loan application. I have provided all the necessary supporting documents days ago. They have only called me once in this time to follow up and to advise they have not processed my paperwork yet and there is no available appointments to come into the branch and discuss my application. I will be cancelling my loan application tomorrow and moving my savings account to another financial institution.

Read full review

This bank has very low interest rates and fees but as they only have one branch in Victoria and the call centre is only open from 9am-5pm Monday-Friday they are incredibly understaffed and it shows. I have been waiting 6 business days now and they still have not even assessed my car loan application. I have provided all the necessary supporting documents days ago. They have only called me once in this time to follow up and to advise they have not processed my paperwork yet and there is no available appointments to come into the branch and discuss my application. I will be cancelling my loan application tomorrow and moving my savings account to another financial institution.

Price
8/10
Features
4/10
Customer service
0/10
Convenience
0/10
Trust
0/10
Less
B, Victoria, reviewed over 8 years ago

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