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 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 80%
Choose the version of loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $10,000 | |
| | Owner Occupier | Interest Only | < 80% | $10,000 | |
| | Investor | Principal & Interest | < 90% | $10,000 | |
| | Investor | Interest Only | < 80% | $10,000 |
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $10,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $10,000
Investor (Principal & Interest)
LVR < 90%
Loan: $10,000
Investor (Interest Only)
LVR < 80%
Loan: $10,000
5.34% p.a.
5.51% p.a.
$10.00 monthly
Bank of Melbourne Standard Variable Home Loan
5.34% p.a.
5.51% p.a.
$10.00 monthly
Bank of Melbourne Standard Variable Home Loan
5.34% p.a.
5.51% p.a.
$10.00 monthly
5.93% p.a.
6.09% p.a.
$10.00 monthly
Bank of Melbourne Standard Variable Home Loan
5.93% p.a.
6.09% p.a.
$10.00 monthly
Bank of Melbourne Standard Variable Home Loan
5.93% p.a.
6.09% p.a.
$10.00 monthly
5.92% p.a.
6.08% p.a.
$10.00 monthly
Bank of Melbourne Standard Variable Home Loan
5.92% p.a.
6.08% p.a.
$10.00 monthly
Bank of Melbourne Standard Variable Home Loan
5.92% p.a.
6.08% p.a.
$10.00 monthly
6.46% p.a.
6.62% p.a.
$10.00 monthly
Bank of Melbourne Standard Variable Home Loan
6.46% p.a.
6.62% p.a.
$10.00 monthly
Bank of Melbourne Standard Variable Home Loan
6.46% p.a.
6.62% p.a.
$10.00 monthly
5.34% p.a.
n/a
0 Months
none
5.51% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$100.00
none
$10.00 monthly
$350.00
$10,000
none
none
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - fees apply
$0.00
yes
yes
none
none
5.93% p.a.
n/a
0 Months
none
6.09% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$100.00
none
$10.00 monthly
$350.00
$10,000
none
none
80.00%
Owner Occupier
Interest Only
Monthly
yes - free
yes
yes - fees apply
$0.00
yes
yes
none
none
5.92% p.a.
n/a
0 Months
none
6.08% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$100.00
none
$10.00 monthly
$350.00
$10,000
none
none
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - fees apply
$0.00
yes
yes
none
none
6.46% p.a.
n/a
0 Months
none
6.62% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$100.00
none
$10.00 monthly
$350.00
$10,000
none
none
80.00%
Investor
Interest Only
Monthly
yes - free
yes
yes - fees apply
$0.00
yes
yes
none
none
Great, open till 5 pm weekdays
Read full review
Great, open till 5 pm weekdays
Less
Debra | Victoria
reviewed almost 3 years ago
The Bank Of Melbourne offered a home loan with less than 10% deposit so gave me a chance to get...
Read full review
The Bank Of Melbourne offered a home loan with less than 10% deposit so gave me a chance to get my foot into the property market. However the rates are on the higher end of home loans available. They also waved the first years credit card fees. Customer service is good to, answer and return calls promptly and follow up frequently.
Less
Debbie | Victoria
reviewed about 3 years ago
Really like the rates, they are competitive within the industry, however, what sets them apart is...
Read full review
Really like the rates, they are competitive within the industry, however, what sets them apart is the customer service they provide. In our experience they have gone above and beyond to make sure we have been taken care of the entire time we have been with them. One thing that is hard is the number of branches in the suburbs is limited and I find we have to drive a distance if we want to meet face to face.
Less
Micah | Victoria
reviewed about 3 years ago
I am a single mum and the Bank of Melbourne bent over backwards to help me succeed in purchasing...
Read full review
I am a single mum and the Bank of Melbourne bent over backwards to help me succeed in purchasing my first home :)
Less
Karli | Victoria
reviewed about 3 years ago
1st Lender manager mentioned an amount in pre-approval is never given to me. Before land...
Read full review
1st Lender manager mentioned an amount in pre-approval is never given to me. Before land settlement 1st lender manager left BOM and no one knows about my file and that delayed my settlement by 1 week. Land settlement done by 2nd lender manager. After land settlement again my lender manager changed. I have to resubmit all documents again to my 3rd new Lender manager . Also this time my branch changed due to lender manager is from that branch. I have to explain once again everything to 3rd lender manager. But this time 3rd lender Manager reduced my borrowing capacity by 30K. And when I submitted my house construction contract for final approval they took more than 2 weeks to give me result if it is approved or not.
Less
Abc | Victoria
reviewed about 3 years ago
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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