Skip to main content Skip to main navigation Skip to accessibility page Skip to search input

Why choose our Advantage Package?

Save when you package a home loan, credit card and transaction account

Discount on interest rates
Save 1.30% p.a. off your Standard Variable Rate Home Loan on our Advantage Package# for loans above $100,000
All-in-one package
Combine your home loan, credit card and everyday account into one package, for a $395 annual package fee.

How it works

You don’t have to know each product you want before you apply online. Our home loan experts can help you find the right mix for you.
 Choose a Home Loan
Choose a Credit Card
Choose a Bank Account
Apply online

You also get...

$0 Lending establishment fee

$0 Monthly loan account fee

$0 Annual credit card fee** on eligible credit cards


Got insurance?

Home and Contents Insurance helps you get back on your feet if your home or personal belongings are affected in an unforeseen event. 

Start your application online

Learn how much you could borrow.
It should only take around 20 minutes to apply.

Our Concierge will call you once you've submitted your application to help handle the rest of the process.

The Detail

Conditions, credit criteria, fees and charges apply.  Based on Bank of Melbourne’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.

Loan Accounts – Charges for specific services and accounts (PDF 331KB)

Advantage Package - Terms and Conditions (PDF 147KB)

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.

#Advantage Package Terms & Conditions (PDF 147KB) apply. A $395 annual package fee applies and is payable from a Bank of Melbourne Complete Freedom transaction account. Before deciding to open a Bank of Melbourne Complete Freedom account, read the Terms & Conditions, and consider if the account’s right for you. 

**Conditions apply for $0 annual credit card fee on eligible Bank of Melbourne credit cards. Refer to Advantage Package Terms & Conditions (PDF 147KB) for full list of eligibility and more information on fees and package benefits.

*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.


Home and Contents Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz). Bank of Melbourne - a Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (the Bank) arranges the insurance under a distribution agreement with Allianz Insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement. For more information call 13 22 66.

If you take out Home and Contents Insurance with Allianz the Bank will receive a commission of up to 12% of the premium (exclusive of GST).

A target market determination has been made for this product. Please visit for the target market determination.