Applications for the HomesVic scheme open 9am, Monday 19 February 2018
Bank Australia is helping Victorians buy their first home as one of the approved lenders for the Victorian Government’s $50m HomesVic scheme.
The HomesVic scheme will support up to 400 first home buyers, by taking up a proportional beneficial interest of up to 25% in a property, allowing first home buyers to fulfil their home ownership dream with a deposit of 5%, and a loan from an approved financier like Bank Australia.
“We’re proud to be an approved lender for the HomesVic scheme, allowing Victorians to choose a responsible bank for their first home loan,” said Bank Australia’s Managing Director Damien Walsh.
“Many first home buyers find it hard to save a deposit, and current growth in the housing market is making it harder for people to get their foot in the door,” Mr Walsh said.
“We have a long track record of financing affordable housing, and helping people own their own home is one way that we support the prosperity of our customers.”
“We believe that banking must address human needs if it’s to create a positive impact in our community, so helping people secure affordable housing is fundamentally important to creating a more inclusive society.”
“Bank Australia’s home loan products are certified by the Responsible Investment Association of Australasia, and our Responsible Banking Policy means we only lend amounts that people can afford to repay.”
“Our staff will work diligently to help HomesVic applicants get the finance they need to start looking for a home in their approved area. We will make the process quick and easy - after all – we are the bank who signed Australia’s first fully online home loan in September 2016.”
Bank Australia has a proud legacy of lending to achieve positive social outcomes and mutual prosperity through the ACT Land Rent Scheme and the South Australian HomeStart Finance scheme.
Victorians can check their eligibility for the HomesVic scheme here.
Bank Australia will start accepting expressions of interest at 9am on Monday 19 February 2018. Applications will be assessed on a first come first served basis, until the scheme allocation is full.
More information about how to apply is available at bankaust.com.au/HomesVic.