Bank of Melbourne today announced changes to interest rates across a range of variable lending products for home owners and investors.

  • Variable home loan (owner occupier) rate will increase by 0.03% to 5.25% per annum for customers with principal and interest repayments1;
  • Variable home loan (owner occupier) will increase by 0.11% to 5.45% per annum for customers with interest only repayments1;
  • Variable residential investment property loan rate will increase by 0.31% to 5.78% per annum for customers with principal and interest repayments1;
  • Variable residential investment property loan rate will increase by 0.39% to 5.98% per annum for customers with interest only repayments1;

Bank of Melbourne variable lending products for small businesses will also increase by 0.08%2.

For more information about Bank of Melbourne home loans, visit bankofmelbourne.com.au, drop into a Bank of Melbourne branch or contact 13 22 66.

1 Changes are effective 08 May 2017.

2 Changes are effective 03 April  2017.

Media enquiries

Helen Aynbund, Bank of Melbourne Media Relations

aynbundh@bankofmelbourne.com.au

0402 227 881