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 |
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
none |
|
70.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
80.00% |
|
95.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
none |
|
70.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
none |
|
70.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
80.00% |
|
90.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
none |
|
70.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
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.
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. |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$100.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
80.00% |
|
90.00% |
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.
From the beginning we built our trust and they were also able to fulfill our needs. But with the increasing rates of interest, budget is getting all over the place. Seems like this is getting hard to stick with this bank.
Read full reviewFrom the beginning we built our trust and they were also able to fulfill our needs. But with the increasing rates of interest, budget is getting all over the place. Seems like this is getting hard to stick with this bank.
Great bank.great security. Incoming money transferr take too long.
Read full reviewGreat bank.great security. Incoming money transferr take too long.
Offered the best interest rate package during covid and have since refinanced to a good rate, although not the very best available at the moment
Read full reviewOffered the best interest rate package during covid and have since refinanced to a good rate, although not the very best available at the moment
Bank of Melbourne have been great for our home loan. We were able to secure a really great fixed rate before the interest rate hike in 2022. The information available through the app lets you see how your loan is tracking, when it will be paid off and how much you can redraw. Unfortunately there are no local branches for us to visit, as they have all closed down and left town, this makes it hard to have a face to face interaction but nothing we can’t resolve over the phone
Read full reviewBank of Melbourne have been great for our home loan. We were able to secure a really great fixed rate before the interest rate hike in 2022. The information available through the app lets you see how your loan is tracking, when it will be paid off and how much you can redraw. Unfortunately there are no local branches for us to visit, as they have all closed down and left town, this makes it hard to have a face to face interaction but nothing we can’t resolve over the phone
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.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Mortgage Simplifier
6.14% p.a. variable
6.17% p.a.
Flex Home Loan
6.24% p.a. variable
6.48% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
SMSF Home Loan (Variable)
6.99% p.a. variable
7.00% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Flex Home Loan Fixed
5.99% p.a.
fixed 3 years
6.41% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
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.