Bank of Melbourne Fixed Home Loan (Advantage Package)

This product is available in different versions. Pick the right version for you here.

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%

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

The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 60%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 60%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 60%-80%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 60%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR 60%-80%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 60%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR 60%-80%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 60%

    Loan: $150,000

  • Investor (Interest Only)

    LVR 60%-80%

    Loan: $150,000

2.84% p.a.

3.67% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

2.84% p.a.

3.67% p.a.

$395.00 yearly

2.89% p.a.

3.72% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

2.89% p.a.

3.72% p.a.

$395.00 yearly

2.94% p.a.

3.77% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

2.94% p.a.

3.77% p.a.

$395.00 yearly

3.74% p.a.

4.33% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

3.74% p.a.

4.33% p.a.

$395.00 yearly

3.79% p.a.

4.37% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

3.79% p.a.

4.37% p.a.

$395.00 yearly

3.18% p.a.

4.17% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

3.18% p.a.

4.17% p.a.

$395.00 yearly

3.23% p.a.

4.22% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

3.23% p.a.

4.22% p.a.

$395.00 yearly

3.28% p.a.

4.27% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

3.28% p.a.

4.27% p.a.

$395.00 yearly

3.49% p.a.

4.46% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

3.49% p.a.

4.46% p.a.

$395.00 yearly

3.54% p.a.

4.51% p.a.

$395.00 yearly

Bank of Melbourne Fixed Home Loan (Advantage Package)

3.54% p.a.

4.51% p.a.

$395.00 yearly

Details

Rates and fees information correct as at 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.84% (3.76%*)

  • 2.84% (3.72%*)

  • 2.84% (3.67%*)

  • 2.84% (3.63%*)

  • 2.84% (3.60%*)

  • n/a

  • n/a

  • 3.39% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 60.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).

*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 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% (3.81%*)

  • 2.89% (3.76%*)

  • 2.89% (3.72%*)

  • 2.89% (3.68%*)

  • 2.89% (3.64%*)

  • n/a

  • n/a

  • 3.44% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • 60.00%

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).

*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 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.94% (3.86%*)

  • 2.94% (3.81%*)

  • 2.94% (3.77%*)

  • 2.94% (3.73%*)

  • 2.94% (3.69%*)

  • n/a

  • n/a

  • 3.49% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • 80.00%

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).

*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 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.84% (4.37%*)

  • 3.74% (4.34%*)

  • 3.74% (4.33%*)

  • 4.04% (4.41%*)

  • 4.04% (4.41%*)

  • n/a

  • n/a

  • 3.98% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 60.00%

Features
  • Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • 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.

Details

Rates and fees information correct as at 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.89% (4.42%*)

  • 3.79% (4.39%*)

  • 3.79% (4.37%*)

  • 4.09% (4.46%*)

  • 4.09% (4.46%*)

  • n/a

  • n/a

  • 4.03% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • 60.00%

  • 80.00%

Features
  • Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • 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.

Details

Rates and fees information correct as at 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.59% (4.34%*)

  • 3.18% (4.24%*)

  • 3.18% (4.17%*)

  • 3.59% (4.25%*)

  • 3.59% (4.22%*)

  • n/a

  • n/a

  • 3.97% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 60.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).

*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 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.64% (4.39%*)

  • 3.23% (4.29%*)

  • 3.23% (4.22%*)

  • 3.64% (4.30%*)

  • 3.64% (4.27%*)

  • n/a

  • n/a

  • 4.02% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • 60.00%

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).

*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 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.69% (4.44%*)

  • 3.28% (4.33%*)

  • 3.28% (4.27%*)

  • 3.69% (4.35%*)

  • 3.69% (4.32%*)

  • n/a

  • n/a

  • 4.07% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • 80.00%

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).

*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 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.79% (4.62%*)

  • 3.49% (4.52%*)

  • 3.49% (4.46%*)

  • 3.79% (4.50%*)

  • 3.79% (4.47%*)

  • n/a

  • n/a

  • 4.26% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 60.00%

Features
  • Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).

*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 24 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.84% (4.67%*)

  • 3.54% (4.57%*)

  • 3.54% (4.51%*)

  • 3.84% (4.55%*)

  • 3.84% (4.52%*)

  • n/a

  • n/a

  • 4.31% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • 60.00%

  • 80.00%

Features
  • Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).

*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
7.3/10
Price
7.1/10
Features
6.9/10
Customer service
7.5/10
Convenience
7.4/10
Trust
7.2/10

Latest reviews of Bank of Melbourne Fixed Home Loan (Advantage Package)

  • Overall 8/10
    Excellent service and welcoming

    Very professional and friendly staff. Happy to explain in common terms the confusing world of banking

    Read full review

    Very professional and friendly staff. Happy to explain in common terms the confusing world of banking

    Price
    5/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Adele, Victoria reviewed almost 4 years ago
  • Overall 10/10
    Home loan

    Great home loan package. With competitive interest rate.

    Read full review

    Great home loan package. With competitive interest rate.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Kuljit, Victoria reviewed over 4 years ago
  • Overall 10/10
    Great Local Bank

    Great bank, love their service, competitive products, love the online banking and convenient locations.

    Read full review

    Great bank, love their service, competitive products, love the online banking and convenient locations.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Lochlan, Victoria reviewed over 4 years ago
  • Overall 9/10
    Great bank & most give good customer service.

    Convenient banking especially on iphone. Always check your figures and that you are getting the right deal.

    Read full review

    Convenient banking especially on iphone. Always check your figures and that you are getting the right deal.

    Price
    -1/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Veronica, Victoria reviewed over 4 years ago
  • Overall 8/10
    Competitive and good customer service

    Very approachable and willing to assist with any queries at any time.

    Read full review

    Very approachable and willing to assist with any queries at any time.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Julieanne, Victoria reviewed over 4 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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2.79% p.a.
fixed 3 years

3.67% p.a.

$450

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

2.99% p.a.
fixed 3 years

3.27% p.a.

$520

Promoted

UBank

UBank

UHomeLoan (Fixed)

2.84% p.a.
fixed 3 years

3.59% p.a.

$395

Promoted

Tic:Toc

Tic:Toc

Fixed Home Loan

2.84% p.a.
fixed 3 years

2.92% p.a.

$0

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.89% p.a.
fixed 3 years

3.96% p.a.

$0

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

3.79% p.a.
fixed 3 years

3.47% p.a.

$520

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.79% p.a.
fixed 3 years

3.67% p.a.

$450

*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.