BankVic home loan reviews

BankVic
BankVic's overall rating for home loans

(as rated by the Mozo community)

8.6 / 10

based on 12 reviews

Price

Features

Customer service

Convenience

Trust

Featured home loan from BankVic

Recent BankVic home loan reviews

BankVic

BankVic Standard Variable Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

Great people, expertise and excellent service.

BankVic (formerly Police Credit) is an excellent, honest and competitive bank with an emphasis on customer service. We have had our personal and home loans through them for several years and have had other people, such as our conveyancer describe...

BankVic (formerly Police Credit) is an excellent, honest and competitive bank with an emphasis on customer service. We have had our personal and home loans through them for several years and have had other people, such as our conveyancer describe them as being excellent to work with. When you call them you can always get a person that you can have a conversation and joke with if you like and everything gets sorted quickly. Their products offer a great balance of features and competitiveness. They won't be the cheapest in the market but they don't sting you with hidden fees and charges either. Improvements; the main things they could improve are their network of fee-free ATMS and their online platform. They especially need to implement 2-factor authentication for the banking platform, as I think they are probably the only bank that doesn't at this point. Although, they do ring you quickly re any suspect transactions.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

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David (VIC), reviewed almost 2 years ago

BankVic

BankVic Line of Credit (Owner Occupier) (Premium Package) home loan review

Overall rating   10 / 10

More than a Bank. Customers always come first.

Very customer oriented. BankVic originally established as a Co Operative with a fundamental philosophy of returning profits to its member base. That ideal has continued since recently becoming a Bank. Very competitive Interest Rates on all...

Very customer oriented. BankVic originally established as a Co Operative with a fundamental philosophy of returning profits to its member base. That ideal has continued since recently becoming a Bank. Very competitive Interest Rates on all Savings and Loan Accounts. Nil Annual or Administrative Fees.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

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John (VIC), reviewed almost 2 years ago

BankVic

BankVic Base Variable Home Loan (Owner Occupier) home loan review

Overall rating   9 / 10

Really is members first service

BankVic was recommended by friend and I couldn't be happier. Both setting up a new account and taking out a home loan was hassle free - no pressure process. I compare that to my original first choice lender (one of big banks) who took on role of...

BankVic was recommended by friend and I couldn't be happier. Both setting up a new account and taking out a home loan was hassle free - no pressure process. I compare that to my original first choice lender (one of big banks) who took on role of 'faux friend' but was later unresponsive to my queries and questions as first time lender. After gaining pre-approval I nonetheless disregarded them and couldn't be happier. Customer service is first rate. They're easy to get hold of and speak with and are professional and genuine in providing service. Products themselves are easy to understand. In my base a 'basic variable home loan'. Easy to log in to my account and see the status of my banking details. Important communications (approvals - rate reductions!) are sent out via SMS - but they never try to sell me additional products. I'm just a satisfied customer - rare - but not yet extinct breed if you're banking with BankVic.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

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Steve (VIC), reviewed about 2 years ago

BankVic

BankVic home loan review

Overall rating   9 / 10

Friendly and patient

The staff ensure the customer is looked after every step of the way. They are happy to discuss debt consolidation and budgeting. The staff do not rush customers through a transaction or query, but spend adequate time explaining products and...

The staff ensure the customer is looked after every step of the way. They are happy to discuss debt consolidation and budgeting. The staff do not rush customers through a transaction or query, but spend adequate time explaining products and services.

    Price   8 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   9 / 10

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Elizabeth (VIC), reviewed over 2 years ago

BankVic

BankVic Fixed Rate Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

The Best Bank

I love my bank (BankVic). Just wish they had more branches.

I love my bank (BankVic). Just wish they had more branches.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Morgsvic (VIC), reviewed over 3 years ago

BankVic

BankVic Fixed Rate Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

Very competitive, friendly and helpful

Have been with BankVic for some 35 years and in that time have had no complaints. They even went so far as to loan me 100% of my home loan until the first home loan came through. No fees, always get friendly local people to help with any...

Have been with BankVic for some 35 years and in that time have had no complaints. They even went so far as to loan me 100% of my home loan until the first home loan came through. No fees, always get friendly local people to help with any questions. I just wonder why more people don't bank with them and keep making huge profits for the big 4.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

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Jane (VIC), reviewed over 3 years ago

BankVic

BankVic Standard Variable Home Loan (Owner Occupier) home loan review

Overall rating   8 / 10

Personable, efficient and professional service

BankVic have great customer service. They are reliable, informative and very helpful. The only negative is that they don't have many branches open on Saturdays.

BankVic have great customer service. They are reliable, informative and very helpful. The only negative is that they don't have many branches open on Saturdays.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Marie (VIC), reviewed over 3 years ago

BankVic

BankVic home loan review

Overall rating   9 / 10

It cares about its members

If I spend a large part of my life and a large part of my earnings paying back a loan, I would like to give it to a bank that cares about me. BankVic makes sure I put my money in the right place.

If I spend a large part of my life and a large part of my earnings paying back a loan, I would like to give it to a bank that cares about me. BankVic makes sure I put my money in the right place.

    Price   9 / 10

    Features   5 / 10

    Customer service   8 / 10

    Convenience   3 / 10

    Trust   8 / 10

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Dionne (VIC), reviewed over 3 years ago

BankVic

BankVic Standard Variable Home Loan (Owner Occupier) (Premium Package) home loan review

Overall rating   10 / 10

Customer service is above and beyond

Staff are amazingly helpful, not what you would normally expect from a bank, great follow up to make sure I am still happy with service, let me know if there is now a better option for my circumstances. Love them.

Staff are amazingly helpful, not what you would normally expect from a bank, great follow up to make sure I am still happy with service, let me know if there is now a better option for my circumstances. Love them.

    Price   8 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Cherrie (VIC), reviewed almost 4 years ago

BankVic

BankVic Standard Variable Home Loan (Owner Occupier) home loan review

Overall rating   1 / 10

Terrible valuation

BankWest underestimated property valuation far from other banks. I had applied for refinance and found Bankwest undervaluing property atleast 50k less than other banks. How come such a big difference? Shame on business for not giving a fair go...

BankWest underestimated property valuation far from other banks. I had applied for refinance and found Bankwest undervaluing property atleast 50k less than other banks. How come such a big difference? Shame on business for not giving a fair go to customers and not even reasoning why.

    Price   1 / 10

    Features   0 / 10

    Customer service   1 / 10

    Convenience   0 / 10

    Trust   0 / 10

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Mozo reviewer (WA), reviewed almost 4 years ago

BankVic

BankVic Standard Variable Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

The best customer service!

I love BankVic! Great rates, friendly service and a range of competitive products.

I love BankVic! Great rates, friendly service and a range of competitive products.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Scott (VIC), reviewed almost 4 years ago

BankVic

BankVic Standard Variable Home Loan (Owner Occupier) (Premium Package) home loan review

Overall rating   9 / 10

Awesome, personal five star service

Police Credit Co-op (now Bank Vic) has been our choice of a banking partner for 30+ years. Now our adult children also bank with this organisation. We have tried 'bank mortgages' but always return to Bank Vic. The service is exceptional, the rates...

Police Credit Co-op (now Bank Vic) has been our choice of a banking partner for 30+ years. Now our adult children also bank with this organisation. We have tried 'bank mortgages' but always return to Bank Vic. The service is exceptional, the rates are consistently within the lowest available by a significant amount, rate reductions are passed on very quickly, the on-line banking services are constantly being improved and the security on our account is without exception. The members are the shareholders so the benefits stay with us. Face-to-face banking is available via Westpac branches. What else could you need in a financial institution?

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

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Susan (VIC), reviewed about 4 years ago

BankVic

BankVic Standard Variable Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

Rates were excellant and the service on the phone

I asked for a home loan by the phone and it was set up for me with only one visit to sign the paper work, and they rang me to let me know it had been approved. No Fuss No Bother and always notified of any increases or decreases right away. I have...

I asked for a home loan by the phone and it was set up for me with only one visit to sign the paper work, and they rang me to let me know it had been approved. No Fuss No Bother and always notified of any increases or decreases right away. I have been with the PC union for about 16 to 18 years now and could not speak more highly of them, they are always very polite and very help full. Something the big banks should take note of.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Sue (VIC), reviewed over 5 years ago

BankVic

BankVic home loan review

Overall rating   9 / 10

They aren't there for profit so they are more competitive. The staff are pretty friendly. The only problem is the limited branches, but you don't need them often.

They aren't there for profit so they are more competitive. The staff are pretty friendly. The only problem is the limited branches, but you don't need them often.

    Price   8 / 10

    Features   7 / 10

    Customer service   6 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Larry (VIC), reviewed over 5 years ago

BankVic

BankVic home loan review

Overall rating   8 / 10

Competitive product where it feels as if the bank is considerate of the customer. Interest rate cuts have always been passed on and promptly too. Cons - only two physical branches which can be a little inconvenient however they do compensate...

Competitive product where it feels as if the bank is considerate of the customer. Interest rate cuts have always been passed on and promptly too. Cons - only two physical branches which can be a little inconvenient however they do compensate this con with brilliant phone and internet banking services. The provision of cost free cheque and deposit books to enable banking at affiliated mainstream banks is also a huge help. I would on the whole, recommend the product to others.

    Price   7 / 10

    Features   7 / 10

    Customer service   5 / 10

    Convenience   3 / 10

    Trust   7 / 10

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Jan (VIC), reviewed over 5 years ago

BankVic

BankVic home loan review

Overall rating   8 / 10

I love the Police Credit. I trust them and the fact that they have some of the lowest fees for their accounts. I do love their customer service and are very approachable if you need to talk about mortgage payment options.

I love the Police Credit. I trust them and the fact that they have some of the lowest fees for their accounts. I do love their customer service and are very approachable if you need to talk about mortgage payment options.

    Price   7 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   4 / 10

    Trust   9 / 10

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Kylie (WA), reviewed over 5 years ago

BankVic

BankVic home loan review

Overall rating   9 / 10

Anyone can have a Home Loan with them. So much less expensive than the Big Banks. Very helpful and explained everything we asked in plain simple language. You can acsess your Savings through Westpac which is great too. If you can't trust the...

Anyone can have a Home Loan with them. So much less expensive than the Big Banks. Very helpful and explained everything we asked in plain simple language. You can acsess your Savings through Westpac which is great too. If you can't trust the Police's own Credit Union who can you trust !! Stuff the Big Banks go for the Credit Unions.

    Price   8 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   6 / 10

    Trust   8 / 10

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Sally robinson (VIC), reviewed over 5 years ago

BankVic

BankVic home loan review

Overall rating   10 / 10

I have banked with Police Credit for over 30 years and when it came time for a home loan, they lent me 100% with some provisos. They considered me as an individual person; not just a number or what they could get out of me. They have never...

I have banked with Police Credit for over 30 years and when it came time for a home loan, they lent me 100% with some provisos. They considered me as an individual person; not just a number or what they could get out of me. They have never charged me any fees, although recently have introduced fees payable after a certain number of transactions for everyday accounts. Cannot speak highly enough of them. Only drawback is they have very few outlets and banking needs therefore to be done through Westpac.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

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Jane (VIC), reviewed over 6 years ago

BankVic

BankVic home loan review

Overall rating   10 / 10

Police Credit Victoria is a non profit organisation and offers the best services at no cost. You have internet banking, cheque book, debit & credit cards, iPhone banking, term deposits and immediate access to high interest rate deposits too, just...

Police Credit Victoria is a non profit organisation and offers the best services at no cost. You have internet banking, cheque book, debit & credit cards, iPhone banking, term deposits and immediate access to high interest rate deposits too, just to name a few of their services - all without fees. I have been with Police Credit for over 25yrs and cannot speak more highly of the service they provide to their members, and their endeavours to provide new services.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Gavin (VIC), reviewed over 6 years ago

BankVic

BankVic home loan review

Overall rating   10 / 10

very low fee banking and staff that are willing to assist with any inquire only minor issue is not many branches but all most everything can be sorted out online or over phone

very low fee banking and staff that are willing to assist with any inquire only minor issue is not many branches but all most everything can be sorted out online or over phone

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

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Martin (VIC), reviewed over 6 years ago

BankVic

BankVic home loan review

Overall rating   9 / 10

Their products are quite secure and also competitive to some of the larger banks.

Their products are quite secure and also competitive to some of the larger banks.

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   10 / 10

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Nicolas (VIC), reviewed almost 7 years ago

BankVic

BankVic home loan review

Overall rating   8 / 10

I in all honesty cannot understand why people still use the Big 4 banks. We have used the coop since 1996 for all of our banking and insurance needs. We have had three different home loans. I just can't fault them. The customer service is...

I in all honesty cannot understand why people still use the Big 4 banks. We have used the coop since 1996 for all of our banking and insurance needs. We have had three different home loans. I just can't fault them. The customer service is excellent. Barbara from Bank World would never get a job here!

    Price   8 / 10

    Features   2 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Darienne caldere (VIC), reviewed almost 7 years ago

BankVic

BankVic home loan review

Overall rating   8 / 10

Very few fees, and they are low, great rate and helpful friendly staff.

Very few fees, and they are low, great rate and helpful friendly staff.

    Price   8 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   8 / 10

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Mozo reviewer (VIC), reviewed almost 7 years ago

BankVic

BankVic home loan review

Overall rating   9 / 10

Safe, simple, not for profit organisation.

Safe, simple, not for profit organisation.

    Price   8 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Chris (VIC), reviewed about 7 years ago

BankVic

BankVic home loan review

Overall rating   5 / 10

Had unnecessary delays in progressing home loan application due to one staff member seemingly not following up / taking action. Other staff members seemed very helpful / efficient. Otherwise all good.

Had unnecessary delays in progressing home loan application due to one staff member seemingly not following up / taking action. Other staff members seemed very helpful / efficient. Otherwise all good.

    Price   8 / 10

    Features   7 / 10

    Customer service   5 / 10

    Convenience   8 / 10

    Trust   5 / 10

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Natalie (VIC), reviewed about 7 years ago

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Home loan comparisons on Mozo - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2016

    loans.com.au Essentials Variable 80 (Owner Occupier, Principal & Interest)

    loans.com.au Essentials Variable 80 (Owner Occupier, Principal & Interest)

    • A no-bells-and-whistles loan with a super-low rate available to purchases & refinance
    • No monthly fees, Redraw facility with no minimum
    • Split loan facility – up to five free splits with fixed rate or identical variable loan product

    interest rate

    3.64% p.a. variable

    comparison rate*

    3.66% p.a.

    upfront fees

    $520

    Go to site

    More info

    • A no-bells-and-whistles loan with a super-low rate available to purchases & refinance
    • No monthly fees, Redraw facility with no minimum
    • Split loan facility – up to five free splits with fixed rate or identical variable loan product
    • Interest rate: 3.64% p.a. variable
    • Comparison rate*: 3.66% p.a.
    • Upfront fees: $520
    • Ongoing fees: $0.00
    • Discharge fee: $0.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: no
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $50,000
    • Maximum loan amount: $2,000,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    7.2

    Based on 202 loans.com.au home loan reviews

    Need more information?
    Go to site

    More info

  • Tic:Toc Variable Home Loan (Owner Occupier)

    Tic:Toc Variable Home Loan (Owner Occupier)

    • THE WORLD'S FIRST INSTANT HOME LOAN
    • Get full approval, not pre-approval. 100% online, real-time assessment and an answer in 22 minutes
    • No application, assessment or valuation fees

    interest rate

    3.68% p.a. variable

    comparison rate*

    3.69% p.a.

    upfront fees

    $0

    Go to site

    More info

    • THE WORLD'S FIRST INSTANT HOME LOAN
    • Get full approval, not pre-approval. 100% online, real-time assessment and an answer in 22 minutes
    • No application, assessment or valuation fees
    • Interest rate: 3.68% p.a. variable
    • Comparison rate*: 3.69% p.a.
    • Upfront fees: $0
    • Ongoing fees: $0.00
    • Discharge fee: $325.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: yes, $10 per month
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $50,000
    • Maximum loan amount: $1,200,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Need more information?
    Go to site

    More info

  • Greater Bank Discount Ultimate Home Loan (LVR<85%, over $150k, Owner Occupier) (Fixed, Package)

    Greater Bank Discount Ultimate Home Loan (LVR<85%, over $150k, Owner Occupier) (Fixed, Package)

    • Experts Choice Winner 2016
    • No establishment fee. No monthly fees. Free internet redraw facility
    • NSW, QLD, ACT customers only

    interest rate

    3.69% p.a.
    fixed 2 years

    comparison rate*

    4.45% p.a.

    upfront fees

    $0

    Go to site

    More info

    • Experts Choice Winner 2016
    • No establishment fee. No monthly fees. Free internet redraw facility
    • NSW, QLD, ACT customers only
    • Interest rate: 3.69% p.a.
      fixed 2 years
    • Comparison rate*: 4.45% p.a.
    • Upfront fees: $0
    • Ongoing fees: $375.00 yearly
    • Discharge fee: $300.00
    • Extra repayments: yes - fee applies
    • Redraw facility: yes
    • Offset account: no
    • Maximum loan to value ratio: 85.00%
    • Minimum loan amount: $150,000
    • Maximum loan amount:
    • Type of loan: Fixed
    • Repayment types: Principal & Interest, Interest Only
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    8.6

    Based on 62 Greater Bank home loan reviews

    Need more information?
    Go to site

    More info

  • Bankwest Equaliser Home Loan (Owner Occupier)

    Bankwest Equaliser Home Loan (Owner Occupier)

    • Switch with confidence to Bankwest's Equaliser Home Loan
    • A variable rate loan for Owner Occupiers making Principal and Interest repayments, with a 3 year introductory period
    • Flexible repayment options, Free online redraw & No monthly fees

    interest rate

    3.72% p.a.variable for 36 months and then 4.32% p.a. variable

    comparison rate*

    4.19% p.a.

    upfront fees

    $250

    Go to site

    More info

    • Switch with confidence to Bankwest's Equaliser Home Loan
    • A variable rate loan for Owner Occupiers making Principal and Interest repayments, with a 3 year introductory period
    • Flexible repayment options, Free online redraw & No monthly fees
    • Interest rate: 3.72% p.a.variable for 36 months and then 4.32% p.a. variable
    • Comparison rate*: 4.19% p.a.
    • Upfront fees: $250
    • Ongoing fees: $0.00
    • Discharge fee: $338.20
    • Extra repayments: yes - free
    • Redraw facility: yes - free online otherwise $10
    • Offset account: no
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $200,000
    • Maximum loan amount:
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    7.7

    Based on 315 Bankwest home loan reviews

    Need more information?
    Go to site

    More info

  • NAB Base Variable Rate Home Loan (Owner Occupier, Principal & Interest)

    NAB Base Variable Rate Home Loan (Owner Occupier, Principal & Interest)

    • Low ongoing rate
    • No annual or monthly fees
    • Free extra repayments and redraw facility

    interest rate

    4.17% p.a. variable

    comparison rate*

    4.21% p.a.

    upfront fees

    $600

    Go to site

    More info

    • Low ongoing rate
    • No annual or monthly fees
    • Free extra repayments and redraw facility
    • Interest rate: 4.17% p.a. variable
    • Comparison rate*: 4.21% p.a.
    • Upfront fees: $600
    • Ongoing fees: $0.00
    • Discharge fee: $350.00
    • Extra repayments: yes - free
    • Redraw facility: yes
    • Offset account: no
    • Maximum loan to value ratio: 95.00%
    • Minimum loan amount: $20,000
    • Maximum loan amount:
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    7.2

    Based on 864 NAB home loan reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 513 home loans in the Mozo comparison engine.

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*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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