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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 70%
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 70%
The details shown below are for an investor taking out a principal & interest loan of at least $100,000 with an LVR below 70%
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 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 interest only loan of at least $100,000 with an LVR below 70%
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 90%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 70% $100,000
Owner Occupier Principal & Interest 70%-80% $100,000
Owner Occupier Interest Only < 70% $100,000
Investor Principal & Interest < 70% $100,000
Owner Occupier Principal & Interest 80%-95% $100,000
Owner Occupier Interest Only 70%-80% $100,000
Investor Principal & Interest 70%-80% $100,000
Investor Interest Only < 70% $100,000
Investor Principal & Interest 80%-90% $100,000
Investor Interest Only 70%-80% $100,000
Investor Interest Only 80%-90% $100,000
  • Owner Occupier (Principal & Interest)
    LVR < 70%
    Loan: $100,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-80%
    Loan: $100,000
  • Owner Occupier (Interest Only)
    LVR < 70%
    Loan: $100,000
  • Investor (Principal & Interest)
    LVR < 70%
    Loan: $100,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-95%
    Loan: $100,000
  • Owner Occupier (Interest Only)
    LVR 70%-80%
    Loan: $100,000
  • Investor (Principal & Interest)
    LVR 70%-80%
    Loan: $100,000
  • Investor (Interest Only)
    LVR < 70%
    Loan: $100,000
  • Investor (Principal & Interest)
    LVR 80%-90%
    Loan: $100,000
  • Investor (Interest Only)
    LVR 70%-80%
    Loan: $100,000
  • Investor (Interest Only)
    LVR 80%-90%
    Loan: $100,000
Rate
7.39% p.a.
Comparison Rate
7.74% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
7.49% p.a.
Comparison Rate
7.84% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
7.98% p.a.
Comparison Rate
8.32% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
7.97% p.a.
Comparison Rate
8.31% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
7.79% p.a.
Comparison Rate
8.13% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
8.08% p.a.
Comparison Rate
8.42% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
8.07% p.a.
Comparison Rate
8.41% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
8.26% p.a.
Comparison Rate
8.60% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
8.37% p.a.
Comparison Rate
8.71% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
8.36% p.a.
Comparison Rate
8.70% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Rate
8.11% p.a.
Comparison Rate
8.45% p.a.
Service fee
$395.00 yearly
Upfront fee
$100

Details

Rates and fees information correct as at 27 July 2024. 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

7.39% p.a.

n/a

n/a

n/a

7.74% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

none

70.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, 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 27 July 2024. 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

7.49% p.a.

n/a

n/a

n/a

7.84% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

70.00%

80.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, 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 27 July 2024. 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

7.98% p.a.

n/a

n/a

n/a

8.32% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

none

70.00%
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 27 July 2024. 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

7.97% p.a.

n/a

n/a

n/a

8.31% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

none

70.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, 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 27 July 2024. 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

7.79% p.a.

n/a

n/a

n/a

8.13% 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

$100.00

n/a

$395.00 yearly

$350.00
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

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 27 July 2024. 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

8.08% p.a.

n/a

n/a

n/a

8.42% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

70.00%

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 27 July 2024. 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

8.07% p.a.

n/a

n/a

n/a

8.41% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

70.00%

80.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, 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 27 July 2024. 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

8.26% p.a.

n/a

n/a

n/a

8.60% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

none

70.00%
Features

Investor

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 27 July 2024. 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

8.37% p.a.

n/a

n/a

n/a

8.71% 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

$100.00

n/a

$395.00 yearly

$350.00
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

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 27 July 2024. 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

8.36% p.a.

n/a

n/a

n/a

8.70% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

70.00%

80.00%
Features

Investor

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 27 July 2024. 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

8.11% p.a.

n/a

n/a

n/a

8.45% 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

$100.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

80.00%

90.00%
Features

Investor

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.

Customer Reviews

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

Overall
7.7/10
Price
7.0/10
Features
6.7/10
Customer service
7.3/10
Convenience
7.3/10
Trust
7.0/10
Based on 210 Bank of Melbourne home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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

About Bank of Melbourne

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Elevate

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6.14% p.a.

6.39% 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.

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