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Bank of Melbourne Variable Home Loan (Advantage Package)

Advertiser disclosure

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 principal & interest loan of at least $100,000 with an LVR below 60%

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 interest only 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 60%

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 60%

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%

The details shown below are for an investor taking out a interest only loan of at least $100,000 with an LVR below 60%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR 60%-80%

    Loan: $100,000

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan: $100,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $100,000

  • Owner Occupier (Interest Only)

    LVR 60%-80%

    Loan: $100,000

  • Owner Occupier (Interest Only)

    LVR < 60%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR 60%-80%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR < 60%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000

  • Investor (Interest Only)

    LVR 60%-80%

    Loan: $100,000

  • Investor (Interest Only)

    LVR < 60%

    Loan: $100,000

Rate
3.19% p.a.
Comparison Rate
3.60% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.14% p.a.
Comparison Rate
3.55% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.24% p.a.
Comparison Rate
3.65% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.78% p.a.
Comparison Rate
4.18% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.73% p.a.
Comparison Rate
4.13% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.77% p.a.
Comparison Rate
4.17% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.72% p.a.
Comparison Rate
4.12% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.82% p.a.
Comparison Rate
4.22% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.06% p.a.
Comparison Rate
4.45% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.01% p.a.
Comparison Rate
4.40% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Details

Rates and fees information correct as at 28 July 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

3.19% p.a.

n/a

n/a

n/a

3.60% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

60.00%

80.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

Receive $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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.

Details

Rates and fees information correct as at 28 July 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

3.14% p.a.

n/a

n/a

n/a

3.55% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

none

60.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

Receive $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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.

Details

Rates and fees information correct as at 28 July 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

3.24% p.a.

n/a

n/a

n/a

3.65% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

80.00%

95.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

Receive $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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.

Details

Rates and fees information correct as at 28 July 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

3.78% p.a.

n/a

n/a

n/a

4.18% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

60.00%

80.00%
Features

Owner Occupier

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

yes

yes

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.

Details

Rates and fees information correct as at 28 July 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

3.73% p.a.

n/a

n/a

n/a

4.13% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

none

60.00%
Features

Owner Occupier

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

yes

yes

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.

Details

Rates and fees information correct as at 28 July 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

3.77% p.a.

n/a

n/a

n/a

4.17% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

60.00%

80.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

Receive $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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.

Details

Rates and fees information correct as at 28 July 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

3.72% p.a.

n/a

n/a

n/a

4.12% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

none

60.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

Receive $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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.

Details

Rates and fees information correct as at 28 July 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

3.82% p.a.

n/a

n/a

n/a

4.22% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

80.00%

90.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

Receive $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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.

Details

Rates and fees information correct as at 28 July 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

4.06% p.a.

n/a

n/a

n/a

4.45% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

60.00%

80.00%
Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

Receive $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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.

Details

Rates and fees information correct as at 28 July 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

4.01% p.a.

n/a

n/a

n/a

4.40% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00
Other financial bits

$100,000

none

none

60.00%
Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

Receive $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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
6.9/10
Price
6.8/10
Features
6.7/10
Customer service
7.1/10
Convenience
7.2/10
Trust
6.8/10
Based on 183 Bank of Melbourne home loan reviews

Latest reviews of Bank of Melbourne Variable Home Loan (Advantage Package)

About Bank of Melbourne

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.

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