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Here's how it works

Do it your way
Get your home loan online, over the phone or face-to-face. Whatever suits you.
Paperless process
Paperwork. Yuck. Use our step-by-step online process to apply instead.
Get your own rate
We'll personalise an interest rate to you as soon as you finish your application.
Ask us anything
Not a home loan expert? Don't worry - we are. Ask our Concierge today.

Start your application online

Learn how much you could borrow.
Receive indicative approval in under 15 minutes.
Our Concierge will call you once you've submitted your application to help handle the rest of the process.

 

Fixed Rate Home Loan

One low rate, fixed from 1-3 years.

For New Owner Occupier (Principal & Interest) Advantage Package Home Loans#, $395 annual package fee applies. LVR+ above 60% up to 80%. These rates do not apply to existing fixed rate loans.

 

2.24% p.a.
1 year fixed rate
3.53% p.a.
Comparison rate*
2.24% p.a.
2 year fixed rate
3.45% p.a.
Comparison rate*
2.24% p.a.
3 year fixed rate
3.38% p.a.
Comparison rate*

 

T&C's apply. See comparison rate warning.

Refinance cashback offer


$2k

Cashback per property^ refinanced

For new Owner Occupier with Principal & Interest repayments and Investment loans. Available on our Advantage Package and Basic home loans. $395 annual package fee. $250k min loan per property refinanced. Excludes refinances from within Westpac Group. Apply by 31 July 2020, and settled by 30 September 2020.

Looking to refinance?

Our Home Loans

We offer a range of mortgages to suit your needs with competitive interest rates.

Find your home loan

See at a glance how fees, features and loan purposes differ by product.

 

Compare our Home Loans


The Detail

Conditions, fees and credit criteria apply.

Based on Bank of Melbourne credit criteria, residential lending is not available for Non-Australian resident borrowers.

Before making a decision, it’s best to read the terms and conditions:

Residential Loan Agreement – General Terms and Conditions (PDF 1MB)

Portfolio Loan Agreement - General Terms and Conditions (PDF 186KB)

Loan Accounts – Charges for specific services and accounts (PDF 841KB)

Advantage Package - Terms and Conditions (PDF 112KB)

Please read these documents and keep a copy. You can request a paper copy at a branch.

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 13 22 66. Tax consequences may arise from promotions for investors and customers should seek independent advice on any taxation matters.

Property valuation: valuation is valid for 90 days. Your upfront bank valuation assessment may require further valuation assessment if your property does not fit lending guidelines.

Personalised rate: A variable rate loan discount is valid for 14 days and a fixed rate discount is valid for 5 days. All interest rates are subject to change.

Support and live chat: dedicated teams are here to help you 7 days a week. Available 8am-10pm Mon-Fri and 9am-5pm Sat-Sun.

*Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. After the fixed rate period expires the interest rate will revert to the applicable Standard Variable rate based on loan category and repayment type. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

#Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible Bank of Melbourne transaction account. An Advantage Package discount has been included in the advertised eligible rate. The discount and fee savings apply for the duration of the package. Before deciding to acquire a Bank of Melbourne transaction account, read the terms and conditions, and consider if the product is right for you.

+LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the banks valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan. Any applicable LVR discount has been included in the advertised eligible rate.