Bank of Melbourne Basic Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $30,000 and $2,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $30,000 and $2,000,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan between $30,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $30,000 and $2,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $30,000 and $2,000,000 with an LVR below 80%

Choose the version of loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $150,000 $2,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $150,000 $2,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $30,000 $2,000,000

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $30,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $30,000 $2,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $30,000 $2,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $30,000 $2,000,000

3.84% p.a.

3.85% p.a.

$0.00

Bank of Melbourne Basic Home Loan

3.84% p.a.

3.85% p.a.

$0.00

4.38% p.a.

4.39% p.a.

$0.00

Bank of Melbourne Basic Home Loan

4.38% p.a.

4.39% p.a.

$0.00

5.08% p.a.

5.13% p.a.

$0.00

Bank of Melbourne Basic Home Loan

5.08% p.a.

5.13% p.a.

$0.00

4.76% p.a.

4.81% p.a.

$0.00

Bank of Melbourne Basic Home Loan

4.76% p.a.

4.81% p.a.

$0.00

5.35% p.a.

5.40% p.a.

$0.00

Bank of Melbourne Basic Home Loan

5.35% p.a.

5.40% p.a.

$0.00

5.34% p.a.

5.39% p.a.

$0.00

Bank of Melbourne Basic Home Loan

5.34% p.a.

5.39% p.a.

$0.00

5.88% p.a.

5.93% p.a.

$0.00

Bank of Melbourne Basic Home Loan

5.88% p.a.

5.93% p.a.

$0.00

Details

Rates and fees information correct as at 20 October 2018.

Rates
  • 3.84% p.a.

  • n/a

  • 0 Months

  • none

  • 3.85% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • none

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • $2,000,000

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

*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.

Details

Rates and fees information correct as at 20 October 2018.

Rates
  • 4.38% p.a.

  • n/a

  • 0 Months

  • none

  • 4.39% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • none

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • $2,000,000

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

*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.

Details

Rates and fees information correct as at 20 October 2018.

Rates
  • 5.08% p.a.

  • n/a

  • 0 Months

  • none

  • 5.13% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • $0.00

  • $0.00

  • $100.00

  • none

  • $0.00

  • $350.00

Other financial bits
  • $30,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

*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.

Details

Rates and fees information correct as at 20 October 2018.

Rates
  • 4.76% p.a.

  • n/a

  • 0 Months

  • none

  • 4.81% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • $0.00

  • $0.00

  • $100.00

  • none

  • $0.00

  • $350.00

Other financial bits
  • $30,000

  • $2,000,000

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

*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.

Details

Rates and fees information correct as at 20 October 2018.

Rates
  • 5.35% p.a.

  • n/a

  • 0 Months

  • none

  • 5.40% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • $0.00

  • $0.00

  • $100.00

  • none

  • $0.00

  • $350.00

Other financial bits
  • $30,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

*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.

Details

Rates and fees information correct as at 20 October 2018.

Rates
  • 5.34% p.a.

  • n/a

  • 0 Months

  • none

  • 5.39% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • $0.00

  • $0.00

  • $100.00

  • none

  • $0.00

  • $350.00

Other financial bits
  • $30,000

  • $2,000,000

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

*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.

Details

Rates and fees information correct as at 20 October 2018.

Rates
  • 5.88% p.a.

  • n/a

  • 0 Months

  • none

  • 5.93% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • $0.00

  • $0.00

  • $100.00

  • none

  • $0.00

  • $350.00

Other financial bits
  • $30,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

*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.

Customer Reviews

How are Bank of Melbourne home loans rated by the Mozo community?

Overall customer rating
7.2/10
Price
7.0/10
Features
6.8/10
Customer service
7.4/10
Convenience
7.3/10
Trust
7.0/10

Latest reviews of Bank of Melbourne Basic Home Loan

  • Overall
    2/10
    Bad Credit Assessment Team

    Bank of Melbourne is good in product and pricing. However, their Credit Assessment is absolutely...

    Bank of Melbourne is good in product and pricing. However, their Credit Assessment is absolutely substandard. They don't have people who can do the assessment within a time frame and provide a solution. They keep recruiting new and they don't know what they do.

    Price
    7/10
    Features
    7/10
    Customer service
    4/10
    Convenience
    5/10
    Trust
    5/10

    Andrew | Victoria

    reviewed almost 3 years ago

  • Overall
    5/10
    Convenient

    Close to home is good. Too many fees is bad

    Close to home is good. Too many fees is bad

    Price
    5/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    7/10
    Trust
    4/10

    Rusty | Victoria

    reviewed almost 3 years ago

  • Overall
    5/10
    Internet banking not easy

    Internet banking not user friendly.

    Internet banking not user friendly.

    Price
    6/10
    Features
    6/10
    Customer service
    4/10
    Convenience
    4/10
    Trust
    5/10

    Philip | Victoria

    reviewed about 3 years ago

  • Overall
    9/10
    Competitive premiums and great customer service

    Great rates, great to deal with, friendly and knowledgeable staff.........

    Great rates, great to deal with, friendly and knowledgeable staff.........

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10

    Richard | Victoria

    reviewed over 3 years ago

  • Overall
    9/10
    Happy with the performance of this bank

    They are a very good bank and have had no problems with them. They keep their customers up to...

    They are a very good bank and have had no problems with them. They keep their customers up to date and treat them as an individual customer and not just another number .

    Price
    7/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10

    Katherine | Victoria

    reviewed over 3 years ago

Bank of Melbourne

About Bank of Melbourne

Formerly St.George in Victoria, The Bank of Melbourne provides a banking alternative to customers with its large range of products in home, personal and business banking. Based in Victoria the Bank of Melbourne offers its customers bank accounts, credit cards, term deposits, private banking services, home loans and personal loans.

See Bank of Melbourne home loans

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3.74% p.a.
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3.83% p.a.
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4.90% p.a.

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3.99% p.a.
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4.82% p.a.

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3.87% p.a.
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4.02% p.a.

$150

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3.90% p.a.
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4.78% p.a.

$600

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$0.00

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3.68% p.a.

3.69% p.a.

$0.00

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3.67% p.a.

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$0.00

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3.59% p.a.

3.61% p.a.

$0.00

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3.72% p.a.

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$395.00 yearly

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3.79% p.a.

3.80% p.a.

$0.00

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3.65% p.a.

3.66% p.a.

$0.00

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3.69% p.a.

3.73% p.a.

$0.00

*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.