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Bank of Melbourne Fixed Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 70%
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 70%
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 70%
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 70%
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 < 70% $10,000
Owner Occupier Principal & Interest 70%-80% $10,000
Owner Occupier Principal & Interest 80%-95% $10,000
Owner Occupier Interest Only < 70% $10,000
Owner Occupier Interest Only 70%-80% $10,000
Investor Principal & Interest < 70% $10,000
Investor Principal & Interest 70%-80% $10,000
Investor Principal & Interest 80%-90% $10,000
Investor Interest Only < 70% $10,000
Investor Interest Only 70%-80% $10,000
Investor Interest Only 80%-90% $10,000
  • Owner Occupier (Principal & Interest)
    LVR < 70%
    Loan: $10,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-80%
    Loan: $10,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-95%
    Loan: $10,000
  • Owner Occupier (Interest Only)
    LVR < 70%
    Loan: $10,000
  • Owner Occupier (Interest Only)
    LVR 70%-80%
    Loan: $10,000
  • Investor (Principal & Interest)
    LVR < 70%
    Loan: $10,000
  • Investor (Principal & Interest)
    LVR 70%-80%
    Loan: $10,000
  • Investor (Principal & Interest)
    LVR 80%-90%
    Loan: $10,000
  • Investor (Interest Only)
    LVR < 70%
    Loan: $10,000
  • Investor (Interest Only)
    LVR 70%-80%
    Loan: $10,000
  • Investor (Interest Only)
    LVR 80%-90%
    Loan: $10,000
Fixed 3 year rate
6.74% p.a.
Comparison Rate
8.23% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
6.84% p.a.
Comparison Rate
8.33% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
7.14% p.a.
Comparison Rate
8.62% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
7.04% p.a.
Comparison Rate
8.72% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
7.14% p.a.
Comparison Rate
8.82% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
6.84% p.a.
Comparison Rate
8.65% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
6.94% p.a.
Comparison Rate
8.75% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
7.24% p.a.
Comparison Rate
9.04% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
6.94% p.a.
Comparison Rate
8.88% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
7.04% p.a.
Comparison Rate
8.97% p.a.
Service fee
$8.00 monthly
Upfront fee
$700
Fixed 3 year rate
7.34% p.a.
Comparison Rate
9.26% p.a.
Service fee
$8.00 monthly
Upfront fee
$700

Details

Rates and fees information correct as at 21 April 2024. 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

6.74% (8.61%*)

6.64% (8.39%*)

6.74% (8.23%*)

6.74% (8.07%*)

6.84% (7.98%*)

n/a

n/a

8.69% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

none

70.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

6.84% (8.70%*)

6.74% (8.49%*)

6.84% (8.33%*)

6.84% (8.17%*)

6.94% (8.07%*)

n/a

n/a

8.79% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

70.00%

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

7.14% (9.00%*)

7.04% (8.78%*)

7.14% (8.62%*)

7.14% (8.46%*)

7.24% (8.36%*)

n/a

n/a

9.09% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

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

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

7.04% (9.16%*)

6.94% (8.90%*)

7.04% (8.72%*)

7.04% (8.54%*)

7.14% (8.42%*)

n/a

n/a

9.28% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

none

70.00%

Features

Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

7.14% (9.25%*)

7.04% (9.00%*)

7.14% (8.82%*)

7.14% (8.63%*)

7.24% (8.51%*)

n/a

n/a

9.38% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

70.00%

80.00%

Features

Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

6.84% (9.12%*)

6.64% (8.83%*)

6.84% (8.65%*)

6.84% (8.45%*)

6.94% (8.32%*)

n/a

n/a

9.27% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

none

70.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

6.94% (9.22%*)

6.74% (8.93%*)

6.94% (8.75%*)

6.94% (8.55%*)

7.04% (8.42%*)

n/a

n/a

9.37% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

70.00%

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

7.24% (9.52%*)

7.04% (9.22%*)

7.24% (9.04%*)

7.24% (8.84%*)

7.34% (8.71%*)

n/a

n/a

9.67% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

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

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

6.94% (9.39%*)

6.69% (9.06%*)

6.94% (8.88%*)

7.04% (8.70%*)

7.04% (8.52%*)

n/a

n/a

9.56% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

none

70.00%

Features

Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

7.04% (9.49%*)

6.79% (9.16%*)

7.04% (8.97%*)

7.14% (8.80%*)

7.14% (8.61%*)

n/a

n/a

9.66% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

70.00%

80.00%

Features

Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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 21 April 2024. 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

7.34% (9.78%*)

7.09% (9.45%*)

7.34% (9.26%*)

7.44% (9.09%*)

7.44% (8.90%*)

n/a

n/a

9.96% p.a.

Fees

$600.00

$0.00

$0.00

$100.00

n/a

$8.00 monthly

$350.00

Other financial bits

$10,000

none

80.00%

90.00%

Features

Monthly

yes - free up to $30,000

yes

yes - free

$0.00

yes

yes - partial only

none

Fixed Rate Lock feature fee is the higher of 0.15% of loan amount or $500, capped at $1000 for loans up to $2M. Rate Lock fee is 0.15% of loan amount for loans above $2M

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
Price
Features
Customer service
Convenience
Trust

Latest reviews of Bank of Melbourne Fixed Home Loan

About Bank of Melbourne

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7.06% p.a.

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5.99% p.a. variable

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6.14% p.a.

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6.16% p.a.

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Offset Home Loan (Package)

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6.40% p.a.

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6.29% p.a. variable

6.20% p.a.

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5.99% p.a.
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6.37% p.a.

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Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

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ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

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Variable

5.99% p.a.

5.90% p.a.

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Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

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Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

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ubank

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6.14% p.a.

6.16% p.a.

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Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

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Flex Home Loan Fixed

p.a.

6.37% p.a.

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Aussie

Elevate

6.09% p.a.

6.20% p.a.

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ubank

Flex Home Loan

6.24% p.a.

6.48% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

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Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

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Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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Flex Home Loan Fixed

5.99% p.a.
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6.41% p.a.

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ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

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Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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Macquarie

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6.09% p.a.
fixed 3 years

6.19% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% 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.

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