Bank of Melbourne logo

Bank of Melbourne Portfolio Loan (Advantage Package)

Advertiser disclosure
Rate
4.68% p.a.
Comparison Rate
n/a
Service fee
$365.00 yearly
Upfront fee
$100

Details

Rates and fees information correct as at 20 January 2021. 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
  • 4.68% 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
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $365.00 yearly

  • $350.00

Other financial bits
  • $100,000

  • 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
6.8/10
Customer service
7.4/10
Convenience
7.4/10
Trust
7.1/10

Latest reviews of Bank of Melbourne Portfolio Loan (Advantage Package)

  • Overall 7/10
    Great opportunity to build financial freedom

    They allowed me the opportunity to build my portfolio but rates are high in the current climate.

    Read full review

    They allowed me the opportunity to build my portfolio but rates are high in the current climate.

    Price
    6/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10
    Less
    Jamel, Victoria reviewed 10 months ago
  • Overall 9/10
    Great rates and friendly customer service

    BoM is friendly and there are a lot of branches around. Internet banking is easy too.

    Read full review

    BoM is friendly and there are a lot of branches around. Internet banking is easy too.

    Price
    8/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Audrey, Victoria reviewed about 5 years ago
  • Overall 10/10
    Great Customer Service, very flexible

    Bank of Melbourne staff are very helpful, respectful and a delight to deal with. We are happy with our loans and the rates that we are getting.

    Read full review

    Bank of Melbourne staff are very helpful, respectful and a delight to deal with. We are happy with our loans and the rates that we are getting.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Jennie, Victoria reviewed over 5 years ago
  • Overall 0/10
    Terrible customer service

    The worst customer service ever! They will deduct money out of your account multiple times! Inter department issues, hurt customer peace of mind. Yes, interest rates may save you $100 a year; but the pain and grievance caused is worth $1000's. Worst customer service and will never recommend this bank to anyone.

    Read full review

    The worst customer service ever! They will deduct money out of your account multiple times! Inter department issues, hurt customer peace of mind. Yes, interest rates may save you $100 a year; but the pain and grievance caused is worth $1000's. Worst customer service and will never recommend this bank to anyone.

    Price
    8/10
    Features
    3/10
    Customer service
    0/10
    Convenience
    1/10
    Trust
    0/10
    Less
    Rahul, Victoria reviewed almost 6 years ago
  • Overall 2/10
    hate

    bad business hate this bank big time

    Read full review

    bad business hate this bank big time

    Price
    2/10
    Features
    2/10
    Customer service
    2/10
    Convenience
    2/10
    Trust
    2/10
    Less
    Yolanda, Victoria reviewed over 6 years ago
Thumbnail icon for 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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2.19% p.a.
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1.99% p.a.variable for 12 months and then 2.48% p.a.

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2.34% p.a.

2.34% p.a.

$0.00

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2.19% p.a.

2.19% p.a.

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2.20% p.a.

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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.