This product is available in different versions. Pick the right version for you here.
The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan of at least $100,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $100,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $100,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $100,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | 80%-95% | $100,000 | |
| | Owner Occupier | Principal & Interest | < 80% | $100,000 | |
| | Owner Occupier | Interest Only | < 80% | $100,000 | |
| | Investor | Principal & Interest | < 80% | $100,000 | |
| | Investor | Principal & Interest | 80%-90% | $100,000 | |
| | Investor | Interest Only | < 80% | $100,000 |
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $100,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $100,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $100,000
Investor (Principal & Interest)
LVR < 80%
Loan: $100,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $100,000
Investor (Interest Only)
LVR < 80%
Loan: $100,000
3.64% p.a.
4.06% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
3.64% p.a.
4.06% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
3.64% p.a.
4.06% p.a.
$395.00 yearly
3.59% p.a.
4.01% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
3.59% p.a.
4.01% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
3.59% p.a.
4.01% p.a.
$395.00 yearly
4.18% p.a.
4.58% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
4.18% p.a.
4.58% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
4.18% p.a.
4.58% p.a.
$395.00 yearly
4.17% p.a.
4.57% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
4.17% p.a.
4.57% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
4.17% p.a.
4.57% p.a.
$395.00 yearly
4.22% p.a.
4.62% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
4.22% p.a.
4.62% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
4.22% p.a.
4.62% p.a.
$395.00 yearly
4.46% p.a.
4.86% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
4.46% p.a.
4.86% p.a.
$395.00 yearly
Bank of Melbourne Variable Home Loan (Advantage Package)
4.46% p.a.
4.86% p.a.
$395.00 yearly
3.64% p.a.
n/a
n/a
n/a
4.06% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$100,000
none
80.00%
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$0.00
yes
yes
none
Receive $2,000 cashback when you refinance under the Advantage Package with a minimum loan size of $250,000 (excludes refinances from Bank of Melbourne, Westpac, St.George, BankSA and RAMS).
3.59% p.a.
n/a
n/a
n/a
4.01% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$100,000
none
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$0.00
yes
yes
none
Receive $2,000 cashback when you refinance under the Advantage Package with a minimum loan size of $250,000 (excludes refinances from Bank of Melbourne, Westpac, St.George, BankSA and RAMS).
4.18% p.a.
n/a
n/a
n/a
4.58% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$100,000
none
none
80.00%
Owner Occupier
Interest Only
Monthly
yes - free
yes
yes - free
$0.00
yes
yes
none
none
4.17% p.a.
n/a
n/a
n/a
4.57% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$100,000
none
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$0.00
yes
yes
none
none
4.22% p.a.
n/a
n/a
n/a
4.62% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$100,000
none
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$0.00
yes
yes
none
none
4.46% p.a.
n/a
n/a
n/a
4.86% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$100,000
none
none
80.00%
Investor
Interest Only
Monthly
yes - free
yes
yes - free
$0.00
yes
yes
none
none
Dealing with Commonwealth Bank felt like a breath of fresh air in comparison to other banks. They...
Read full review
Dealing with Commonwealth Bank felt like a breath of fresh air in comparison to other banks. They are constantly in contact to ensure that we are getting the best deals and are happy.
Less
David | Victoria
reviewed 6 months ago
Terrible customer service lender
Read full review
Terrible customer service lender
Less
Dipsikha | Victoria
reviewed over 3 years ago
The bank was quick to organise an advantage package and offer a reasonable discount . Being a...
Read full review
The bank was quick to organise an advantage package and offer a reasonable discount . Being a smaller bank , the customer service is not impersonal and things can get done easily . The products might not have all the bells and whistles but are very competitive.
Less
Arup | Victoria
reviewed about 4 years ago
I found Bank of Melbourne to be amazingly beneficial in its appraisal, approach and...
Read full review
I found Bank of Melbourne to be amazingly beneficial in its appraisal, approach and professionalism when I dealt with my home loan. Easy stress free and now very rewarding.
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Donny | Victoria
reviewed about 4 years ago
They really deserve 0 stars. Worst bank ever. When we applied for our home loan, we were told...
Read full review
They really deserve 0 stars. Worst bank ever. When we applied for our home loan, we were told that we would only be dealing with the lending manager or his assistant. It's only been 4 months and they've both moved to another branch...How useful. Offered us a refund of our first year annual account fee, then charged us anyway. Took us months of complaining to get it back, conveniently forgetting about our complaint each time. We also applied for a credit card, and was told by 2 different people at the bank that there was an offer of interest free for 12 months. Only after they charged us interest did they say actually our card is excluded. Again took many visits to the bank to sort this out. Unless you enjoy being scammed by the bank, please go elsewhere.
Less
E | Victoria
reviewed about 4 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.
Promoted
Bank of Queensland
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4.19% p.a.
$450
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3.49% p.a.
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3.57% p.a.
$350
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4.06% p.a.
$150
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3.57% p.a.
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3.74% p.a.
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$450
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fixed 3 years
4.19% p.a.
$450
Promoted
IMB Bank
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3.49% p.a.
fixed 3 years
4.32% p.a.
$799
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ME
Flexible Home Loan (Fixed, Member Package)
3.58% p.a.
fixed 3 years
3.97% p.a.
$200
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Fixed Rate Home Loan (Premium Plus Package)
3.49% p.a.
fixed 3 years
4.40% p.a.
$0
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Bank of Queensland
Fixed Rate
3.19% p.a.
fixed 3 years
4.25% p.a.
$450
Promoted
loans.com.au
Fixed Home Loan
3.19% p.a.
fixed 3 years
3.43% p.a.
$520
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Newcastle Permanent
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3.49% p.a.
3.49% p.a.
$0.00
Promoted
IMB Bank
Budget Home Loan
3.54% p.a.
3.57% p.a.
$0.00
Promoted
Bank of Queensland
2 Year Intro Rate Variable Home Loan
3.54% p.a.variable for 24 months and then 4.01% p.a.
4.06% p.a.
$10.00 monthly
Promoted
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
3.59% p.a.
3.99% p.a.
$395.00 yearly
