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Bank of Melbourne Portfolio Loan

Rate
5.98% p.a.
Comparison Rate*
n/a
Service fee
$200.00 yearly
Upfront fee
$800

Details

Rates and fees information correct as at 24 October 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
  • 5.98% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $700.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $200.00 yearly

  • $350.00

Other financial bits
  • $10,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • No set repayments

  • No set repayments

  • n/a

  • no

  • n/a

  • none

  • no

  • 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.

Customer Reviews

How are Bank of Melbourne home loans rated by the Mozo community?

Overall
7.1/10
Price
6.9/10
Features
6.7/10
Customer service
7.3/10
Convenience
7.3/10
Trust
7.0/10

Latest reviews of Bank of Melbourne Portfolio Loan

  • Overall 8/10
    Good

    Good

    Price
    8/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Stewart, Victoria reviewed about 5 years ago
  • Overall 9/10
    Good

    My bank makes everything easy.

    Read full review

    My bank makes everything easy.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    9/10
    Less
    Ray, Victoria reviewed over 5 years ago
  • Overall 10/10
    Competitive and kind service always

    Bank of Melbourne give informed information and personal care to each Customer. And I have always found them to be respectful, polite , and give clear and kindly advice.

    Read full review

    Bank of Melbourne give informed information and personal care to each Customer. And I have always found them to be respectful, polite , and give clear and kindly advice.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jacqueline, Victoria reviewed over 5 years ago
  • Overall 6/10
    Their customer service is not too bad

    Their interest rates are too high and they don't always give you the interest rate drops when bought out. You may have to wait for a couple of months for the rate cut.

    Read full review

    Their interest rates are too high and they don't always give you the interest rate drops when bought out. You may have to wait for a couple of months for the rate cut.

    Price
    8/10
    Features
    4/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Pamela, Victoria reviewed over 6 years ago
  • Overall 10/10
    Good rates, great customer service.

    This is the best product I have ever seen, I just put all my money into account and I get a credit card and a normal bank card, I just use the credit card to pay for things and every 40 days what I have spent is taken out of the account. One serious thing though you have to watch how much you spend each week so you don't spend more than you put in the less you spend the quicker you pay of the mortgage.

    Read full review

    This is the best product I have ever seen, I just put all my money into account and I get a credit card and a normal bank card, I just use the credit card to pay for things and every 40 days what I have spent is taken out of the account. One serious thing though you have to watch how much you spend each week so you don't spend more than you put in the less you spend the quicker you pay of the mortgage.

    Price
    4/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Douglas, Victoria reviewed over 7 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.

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*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.