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Find out how much you could save by switching to a Bank of Melbourne home loan

Why refinance

Learn about the reasons why you might want to find another home loan.

The costs

Find out what you’ll likely need to spend in addition to the cost of the property.

The process

Find out what you’ll need to do to apply for a loan.

New owner occupier loans

  • 3.89 p.a 2 year Fixed Rate.
    Advantage Package.1
    Principal & Interest repayments.
  • 5.05% p.a Comparison rate2

New investment loans

  • 4.19% p.a 2 year Fixed Rate.
    Advantage Package.1
    Principal & Interest repayments.
  • 5.57% p.a

    Comparison rate.2





  • $600 Establishment Fee3
  • $10 Monthly administration fee
  • OR
  • $0 with Advantage Package1

Special offer


Cash back*

Receive $1,500 cash back* when you refinance to an new Owner Occupied, Principal & Interest or Investment home loan under the Advantage Package.  Annual Package fee of $395 applies with a minimum loan size of $250k. Excludes refinances from Bank of Melbourne, Westpac, St.George, BankSA, RAMS and Portfolio Loans. Offer ends 28 February 2019.

* Credit criteria, fees and charges apply. Based on Bank of Melbourne’s credit criteria, residential lending is not available for Non-Australian Resident borrowers. New home loan applications received from 1 September 2018 to 28 February 2019 and settled by 30 April 2019 for refinance purposes where foreign income is not required for serviceability. Offer current as at 1 September 2018. Offer may be varied or withdrawn at any time and not available in conjunction with any other special offers. Excludes refinances from Westpac, St.George Bank, BankSA, Bank of Melbourne and RAMS and Portfolio Loans. Advantage Package Terms and Conditions apply and are available in the Important information section below. $395 annual package fee applies. Only one cash back paid per main applicant. Multiple applications submitted by the same main applicant are not eligible. Applicants must have a Bank of Melbourne transaction account linked to the home loan at the time of settlement. Applicants’ home loan repayments must be direct debited from this transaction account. The cash back will be paid into this account within 60 days after settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.


Start your journey online

Learn how much you could borrow, without knowing the loan type.
Receive indicative approval in under 10 minutes.
A home loan expert will call to talk you through your options.

Talk to us

Conditions, fees and credit criteria apply. Before making a decision, it’s best to read the terms and conditions:

Residential Loan Agreement - General Terms and Conditions (PDF 914KB)

Loan Accounts - Charges for specific services and accounts (PDF 1MB)

Portfolio Loan Agreement - General Terms and Conditions (PDF 8MB)

Bank of Melbourne Advantage Package - Terms and Conditions (PDF 1MB)

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.

  1. Advantage Package annual fee of currently $395 applies, other fees may be payable. The fee savings apply for the duration of the package.
  2. The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  3. Other upfront fees and costs may apply.