Bank of Melbourne home loans

3.5
Based on 211 Bank of Melbourne home loan product reviews.
Fact Checked

Whether you’re a first home buyer, property investor or refinancer, Bank of Melbourne has a range of home loans to fulfil your property dreams. Operating under the Westpac Group, Bank of Melbourne is part of Australia’s largest regional banking network with St George and BankSA. Don’t let the name fool you, this bank is not just for those living in Melbourne, it’s available for anyone living in Australia, all you need is a computer or phone to get your home loan application rolling.

On this page you can compare all of the Bank of Melbourne home loans including variable, fixed and line of credit to find the best one to snatch up your dream home. You'll also be please to know Bank of Melbourne took out a  Mozo Experts Choice Home Loan Awards in the First Home Buyer Loan category.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 426 home loans using the filters.
Last updated 12 December 2024 Important disclosures and comparison rate warning*
What are your home loan needs?

Your loan-to-value ratio (LVR): 50%

Loan amount and LVR will affect interest rates.

  • Fixed Home Loan

    • Owner Occupier
    • Principal & Interest
    • LVR<70%
    Interest rate
    5.79 % p.a.
    Fixed 2 years
    Comparison rate
    7.41 % p.a.
    Initial monthly repayment
    $2,931
    No Partner link

  • Fixed Home Loan

    • Investment
    • Principal & Interest
    • LVR<70%
    Interest rate
    5.99 % p.a.
    Fixed 2 years
    Comparison rate
    7.78 % p.a.
    Initial monthly repayment
    $2,995
    No Partner link

  • Fixed Home Loan

    • Owner Occupier
    • Principal & Interest
    • LVR<70%
    Interest rate
    5.99 % p.a.
    Fixed 2 years
    Comparison rate
    8.25 % p.a.
    Initial monthly repayment
    $2,995
    No Partner link

  • Fixed Home Loan

    • Investment
    • Principal & Interest
    • LVR<70%
    Interest rate
    6.19 % p.a.
    Fixed 2 years
    Comparison rate
    8.74 % p.a.
    Initial monthly repayment
    $3,059
    No Partner link

  • Basic Home Loan Special Offer

    • Owner Occupier
    • Principal & Interest
    • LVR<70%
    Interest rate
    6.29 % p.a.
    Variable
    Comparison rate
    6.30 % p.a.
    Initial monthly repayment
    $3,092
    No Partner link

  • Basic Home Loan Special Offer

    • Investment
    • Principal & Interest
    • LVR<70%
    Interest rate
    6.54 % p.a.
    Variable
    Comparison rate
    6.55 % p.a.
    Initial monthly repayment
    $3,174
    No Partner link

  • Basic Home Loan

    • Investment
    • Principal & Interest
    Interest rate
    6.64 % p.a.
    Variable
    Comparison rate
    6.65 % p.a.
    Initial monthly repayment
    $3,207
    No Partner link

  • Variable Home Loan

    • Owner Occupier
    • Principal & Interest
    • LVR<70%
    Interest rate
    7.39 % p.a.
    Variable
    Comparison rate
    7.74 % p.a.
    Initial monthly repayment
    $3,458
    No Partner link

  • Variable Home Loan

    • Investment
    • Principal & Interest
    • LVR<70%
    Interest rate
    7.97 % p.a.
    Variable
    Comparison rate
    8.31 % p.a.
    Initial monthly repayment
    $3,658
    No Partner link

  • Standard Variable Home Loan

    • Owner Occupier
    • Principal & Interest
    • LVR<70%
    Interest rate
    8.69 % p.a.
    Variable
    Comparison rate
    8.83 % p.a.
    Initial monthly repayment
    $3,912
    No Partner link

  • Standard Variable Home Loan

    • Investment
    • Principal & Interest
    • LVR<70%
    Interest rate
    9.27 % p.a.
    Variable
    Comparison rate
    9.41 % p.a.
    Initial monthly repayment
    $4,121
    No Partner link

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Bank of Melbourne home loan ratings

Overall customer rating for Bank of Melbourne home loans

3.5
Based on 211 product reviews.

Customer reviews

Important disclosures

Bank of Melbourne products

Home loan quick links


* WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.