The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 60%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan of at least $10,000 with an LVR below 60%
The details shown below are for an owner occupier taking out a interest only loan of at least $10,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $10,000 with an LVR below 60%
The details shown below are for an investor taking out a principal & interest loan of at least $10,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $10,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $10,000 with an LVR below 60%
The details shown below are for an investor taking out a interest only loan of at least $10,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan of at least $10,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 60% | $10,000 | |
| | Owner Occupier | Principal & Interest | 60%-80% | $10,000 | |
| | Owner Occupier | Principal & Interest | 80%-95% | $10,000 | |
| | Owner Occupier | Interest Only | < 60% | $10,000 | |
| | Owner Occupier | Interest Only | 60%-80% | $10,000 | |
| | Investor | Principal & Interest | < 60% | $10,000 | |
| | Investor | Principal & Interest | 60%-80% | $10,000 | |
| | Investor | Principal & Interest | 80%-90% | $10,000 | |
| | Investor | Interest Only | < 60% | $10,000 | |
| | Investor | Interest Only | 60%-80% | $10,000 | |
| | Investor | Interest Only | 80%-90% | $10,000 |
Owner Occupier (Principal & Interest)
LVR < 60%
Loan: $10,000
Owner Occupier (Principal & Interest)
LVR 60%-80%
Loan: $10,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $10,000
Owner Occupier (Interest Only)
LVR < 60%
Loan: $10,000
Owner Occupier (Interest Only)
LVR 60%-80%
Loan: $10,000
Investor (Principal & Interest)
LVR < 60%
Loan: $10,000
Investor (Principal & Interest)
LVR 60%-80%
Loan: $10,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $10,000
Investor (Interest Only)
LVR < 60%
Loan: $10,000
Investor (Interest Only)
LVR 60%-80%
Loan: $10,000
Investor (Interest Only)
LVR 80%-90%
Loan: $10,000
n/a
n/a
n/a
n/a
2.14% (4.40%*)
2.14% (4.20%*)
2.14% (4.02%*)
2.04% (3.82%*)
2.34% (3.77%*)
n/a
n/a
4.44% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
none
60.00%
Weekly, Fortnightly, Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
2.19% (4.44%*)
2.19% (4.25%*)
2.19% (4.06%*)
2.09% (3.86%*)
2.39% (3.82%*)
n/a
n/a
4.49% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
60.00%
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
2.24% (4.49%*)
2.24% (4.30%*)
2.24% (4.11%*)
2.14% (3.91%*)
2.44% (3.87%*)
n/a
n/a
4.54% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
80.00%
95.00%
Weekly, Fortnightly, Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
3.74% (5.07%*)
3.74% (4.96%*)
3.74% (4.85%*)
4.19% (4.91%*)
4.19% (4.85%*)
n/a
n/a
5.03% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
none
60.00%
Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
3.79% (5.12%*)
3.79% (5.01%*)
3.79% (4.90%*)
4.24% (4.96%*)
4.24% (4.90%*)
n/a
n/a
5.08% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
60.00%
80.00%
Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
2.64% (4.96%*)
2.54% (4.73%*)
2.54% (4.53%*)
2.84% (4.45%*)
2.84% (4.30%*)
n/a
n/a
5.02% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
none
60.00%
Weekly, Fortnightly, Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
2.69% (5.01%*)
2.59% (4.78%*)
2.59% (4.58%*)
2.89% (4.50%*)
2.89% (4.35%*)
n/a
n/a
5.07% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
60.00%
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
2.74% (5.06%*)
2.64% (4.83%*)
2.64% (4.63%*)
2.94% (4.55%*)
2.94% (4.40%*)
n/a
n/a
5.12% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
80.00%
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
2.84% (5.24%*)
2.74% (5.00%*)
2.74% (4.79%*)
3.04% (4.70%*)
3.04% (4.54%*)
n/a
n/a
5.31% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
none
60.00%
Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
2.89% (5.28%*)
2.79% (5.05%*)
2.79% (4.84%*)
3.09% (4.75%*)
3.09% (4.59%*)
n/a
n/a
5.36% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
60.00%
80.00%
Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
n/a
n/a
n/a
n/a
2.94% (5.33%*)
2.84% (5.10%*)
2.84% (4.89%*)
3.14% (4.80%*)
3.14% (4.64%*)
n/a
n/a
5.41% p.a.
$600.00
$0.00
$0.00
$100.00
n/a
$10.00 monthly
$350.00
$10,000
none
80.00%
90.00%
Monthly
yes - free up to $30,000
yes
yes - fees apply
$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.
Have held my Home Loans with Bank of Melbourne for the last 6/7 Years. Unfortunately they can be a hit and miss in the Customer Service Department just like playing the Lotto. Recently I called up to see if they could give me a better Home Loan rate or price match a quote I received by NAB and you guess it! No jack pot what so ever. I guess it pays to shop around. In the famous words of GUMPY lifes a box of chocolate you don't know what your gonna get. At this point in time i'll think ill go with the Chocolate Hazelnut NAB instead of the ROCKY ROAD of MOB. Each to there own cheers.
Read full reviewHave held my Home Loans with Bank of Melbourne for the last 6/7 Years. Unfortunately they can be a hit and miss in the Customer Service Department just like playing the Lotto. Recently I called up to see if they could give me a better Home Loan rate or price match a quote I received by NAB and you guess it! No jack pot what so ever. I guess it pays to shop around. In the famous words of GUMPY lifes a box of chocolate you don't know what your gonna get. At this point in time i'll think ill go with the Chocolate Hazelnut NAB instead of the ROCKY ROAD of MOB. Each to there own cheers.
BOM is a good bank with excellent customer service. Wait times low and my questions have always been answered timely with good financial support. Online banking very good too.
Read full reviewBOM is a good bank with excellent customer service. Wait times low and my questions have always been answered timely with good financial support. Online banking very good too.
Young couple, first home together and the bank has been with us every step of the way. Our local branch (Mikey) is always friendly and knows our needs and account as soon as we walk in.
Read full reviewYoung couple, first home together and the bank has been with us every step of the way. Our local branch (Mikey) is always friendly and knows our needs and account as soon as we walk in.
They are not what they portray. All lies.
Read full reviewThey are not what they portray. All lies.
You make you feel welcome and nothing is ever a a problem.
Read full reviewYou make you feel welcome and nothing is ever a a problem.
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.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
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.
