Finty
BankVic

BankVic Personal Loan Variable

Variable rate

Make your next purchase a reality with our flexible personal loan

Written byDavid Boyd
Interest rate a year, from
11.95%
Comparison rate, from
12.08%
Establishment fee
$90
Monthly fee
Not published
Borrow
Not published

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 11.95%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$664
Total repayments
$23,897
Interest
$3,897

Loan details

Rates

Interest rate (a year)
11.95%
Comparison rate (a year)
12.08%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
Not published
Loan term
Not published
Establishment fee
$90
Monthly fee
Not published

How it compares

Against the other personal loans we compare. Typical means the middle half of them.

Comparison rate

12.08%

From 12.08%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$6,753

Interest and fees at its starting rate. Typical is $5,513.

Setup fee

$90

A typical setup fee is $150.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 11.95%, so the rate you see is the rate you get.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.