Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Owner Occupier | Principal & Interest | < 70% | $150,000 | $2,000,000 |
|
|
Owner Occupier | Principal & Interest | 70%-80% | $150,000 | $2,000,000 |
|
|
Owner Occupier | Principal & Interest | 80%-95% | $150,000 | $2,000,000 |
|
|
Owner Occupier | Interest Only | < 70% | $150,000 | $2,000,000 |
|
|
Owner Occupier | Interest Only | < 80% | $30,000 | $2,000,000 |
|
|
Owner Occupier | Interest Only | 70%-80% | $150,000 | $2,000,000 |
|
|
Investor | Principal & Interest | < 70% | $150,000 | $2,000,000 |
|
|
Investor | Principal & Interest | 70%-80% | $150,000 | $2,000,000 |
|
|
Investor | Principal & Interest | 80%-90% | $150,000 | $2,000,000 |
|
|
Investor | Interest Only | < 70% | $30,000 | $2,000,000 |
|
|
Investor | Interest Only | 70%-80% | $30,000 | $2,000,000 |
|
|
Investor | Principal & Interest | < 90% | $30,000 | $2,000,000 |
|
|
Investor | Interest Only | 80%-90% | $30,000 | $2,000,000 |
|
6.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.30% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$2,000,000 |
|
|
none |
|
|
70.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
6.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.40% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$2,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
6.69% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.70% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$2,000,000 |
|
|
80.00% |
|
|
95.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
7.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.30% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$2,000,000 |
|
|
none |
|
|
70.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
7.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.40% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$30,000 |
|
|
$2,000,000 |
|
|
none |
|
|
80.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
7.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.40% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$2,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
6.54% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.55% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$2,000,000 |
|
|
none |
|
|
70.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
6.64% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.65% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$2,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
6.94% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.95% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
$2,000,000 |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
6.89% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.90% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$30,000 |
|
|
$2,000,000 |
|
|
none |
|
|
70.00% |
|
Investor |
|
|
Interest Only |
|
|
Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
6.99% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.00% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$30,000 |
|
|
$2,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
6.64% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.65% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$30,000 |
|
|
$2,000,000 |
|
|
none |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
|
7.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.30% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$100.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$30,000 |
|
|
$2,000,000 |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Interest Only |
|
|
Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
no |
|
|
none |
|
|
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.
Staff are very experienced and professional. Loan is competitive. Fees are high.
Read full reviewStaff are very experienced and professional. Loan is competitive. Fees are high.
I like the bank because of the competitive home loan rate and offer to switch. They answer their customer phone quickly also. The app is easy to use.
Read full reviewI like the bank because of the competitive home loan rate and offer to switch. They answer their customer phone quickly also. The app is easy to use.
Great to speak to when you need to call. Australian call centres and friendly and helpful. Basic home loan with low rate and no fees. Ability to keep additional funds within homeland and redraw. Money is not available to redraw through until loan has been settled on 13th each month which can sometimes be annoying.
Read full reviewGreat to speak to when you need to call. Australian call centres and friendly and helpful. Basic home loan with low rate and no fees. Ability to keep additional funds within homeland and redraw. Money is not available to redraw through until loan has been settled on 13th each month which can sometimes be annoying.
I would not recommend BOM. Terrible customer service. Have been waiting months for my loan application to go through and when I call I am told its approved and will take a week and am being told this info every week for months now. This has been ongoing since August and still no service and no answers. You call the branch and mortgage manager and no one can tell me anything. Bank of Melbourne has no purpose to achieve positive result for their customer, just appalling.
Read full reviewI would not recommend BOM. Terrible customer service. Have been waiting months for my loan application to go through and when I call I am told its approved and will take a week and am being told this info every week for months now. This has been ongoing since August and still no service and no answers. You call the branch and mortgage manager and no one can tell me anything. Bank of Melbourne has no purpose to achieve positive result for their customer, just appalling.
bank of Melbourne is a great bank for all your needs. I have changed almost all my banking over to them and would recommend them to anyone!
Read full reviewbank of Melbourne is a great bank for all your needs. I have changed almost all my banking over to them and would recommend them to anyone!
Great Rate Home Loan
5.99% p.a. variable
6.01% p.a.
Basic Home Loan (Fixed)
5.39% p.a.
fixed 3 years
5.95% p.a.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Express Home Loan (Fixed)
6.04% p.a.
fixed 3 years
6.21% p.a.
Basic Home Loan
6.14% p.a. variable
6.16% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.49% p.a.
fixed 3 years
6.62% p.a.
Great Rate Home Loan
5.99% p.a. variable
6.01% p.a.
Flex Home Loan
6.14% p.a. variable
6.38% p.a.
Express Home Loan
6.09% p.a. variable
6.22% p.a.
Elevate
6.18% p.a. variable
6.18% p.a.
Basic Home Loan
6.14% p.a.
6.16% p.a.
Great Rate Home Loan
5.99% p.a.
6.01% p.a.
Express Home Loan
6.09% p.a.
6.22% p.a.
OMG Home Loan
5.99% p.a.
6.02% p.a.
Elevate
6.18% p.a.
6.18% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Offset Home Loan (Package)
6.14% p.a.
6.39% p.a.
Basic Home Loan (Fixed)
5.39% p.a.
fixed 3 years
5.95% p.a.
Express Home Loan (Fixed)
6.04% p.a.
fixed 3 years
6.21% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.49% p.a.
fixed 3 years
6.62% p.a.
Fixed Home Loan Rate
5.59% p.a.
fixed 3 years
6.31% p.a.
Basic Home Loan (Fixed)
5.49% p.a.
fixed 3 years
6.02% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.59% p.a.
fixed 3 years
6.64% p.a.
Great Rate Home Loan
5.99% p.a.
6.01% p.a.
$0.00
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
OMG Home Loan
5.99% p.a.
6.02% p.a.
$0.00
Express Home Loan
6.09% p.a.
6.22% p.a.
$10.00 monthly
Basic Home Loan
6.14% p.a.
6.16% p.a.
$0.00
Mortgage Simplifier
6.14% p.a.
6.17% 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.
