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Why choose Advantage Package?

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

Discount on interest rates
Save up to 0.90 p.a. off our standard variable rate home loan with Advantage Package for loans of $750,000 of more2
All-in-one package
Combine a home loan, credit card, and transaction account to create your all-in-one package.

Special offers


$2,000

Cash back^
When you
refinance

Receive $2,000 cash back^ when you refinance to a new Owner Occupied, Principal & Interest or Investment home loan under the Advantage Package. $395 annual package fee and a $250k minimum loan size applies. Excludes Portfolio Loans and refinances from within Westpac Group. Applications received from 8 October 2018 and settled by 31 December 2018.


$1,250

Cash back*
When you
buy a home

Receive $1,250 cash back* when you apply for a new Owner Occupied, Principal & Interest or Investment home loan under the Advantage Package. $395 annual package fee and a $250k minimum loan size applies. Excludes Portfolio Loans and refinances. Applications received from 8 October 2018 to 31 December 2018, with loans settled by 28 February 2019.

You also get...

$0 Home loan establishment fee

$0 Monthly home loan administration fee

$0 Annual credit card fee

$0 monthly transaction account-keeping fee

when you link your Complete Freedom account

$0 Monthly full offset service fee

Owner occupier

  • 4.59% p.a

    Standard Variable Rate
    with Advantage Package
    Principal & Interest repayment3

  • 4.99% p.a Comparison rate4

Residential Investment

  • 5.17% p.a

    Standard Variable Rate
    with Advantage Package
    Principal & Interest repayments3   

  • 5.55% p.a Comparison rate4

Annual Fees

  • $395 This single fee covers up to 5 home or investment loans1.

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.
1.
 Choose a Home Loan
2.
Choose a Credit Card
3.
Choose a Bank Account
4.
Apply online

The Detail

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.
Loan Accounts
Charges for specific services and accounts.
Advantage package
Terms and Conditions.
Portfolio Loan Agreement
General Terms and Conditions.

A simple way to apply for a Bank of Melbourne home loan

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Borrowing power
Find out your buying power so you could start house hunting with confidence – we’ll even show you what you could afford to spend on a property and costs involved.
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Our lowest rate
We’ll give you our lowest rate upfront, personalised to your buying scenario.
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Property valuation
If you’ve found the perfect property (or you’re refinancing), we will complete a real-time bank valuation to give you the confidence we will lend against the property.
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Real support
Need help? You can live chat with us to help you complete the application 7 days a week (even outside of business hours).

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. The Advantage Package will support up to 10 Portfolio sub-accounts in a Package and up to 5 sequence loans (e.g. loans with Flexible Choice). Note when Lenders Mortgage Insurance (LMI) applies, only single sequence loan or Portfolio Loans can be Packaged.

  2. This is a promotional offer available on applications received under the Advantage Package. Offer current as of 19 September 2016. Offer is not available for loan refinances of existing St.George Bank, BankSA, and Bank of Melbourne home loans. Advantage Package Conditions of Use apply and are available upon request. Advantage Package annual fee, currently $395, is payable from an eligible Bank of Melbourne transaction account.

  3. Rate includes 0.75% p.a Advantage Package Limited Time Special Discount, applicable for loans with total borrowing amounts of $250,000 to $499,999. These special interest rate discounts are only available for Standard Variable Rate and Portfolio Variable Rate Advantage Package Home Loans. These are current offers and may be withdrawn at any time. These special interest rate discounts are instead of, and cannot be taken in addition to the standard Advantage Package discounts. If you apply after the end of this offer the standard Advantage Package discounts which will apply are available at https://www.bankofmelbourne.com.au/personal/home-loans/home-loan-interest-rates

  4. The comparison rate is based on a loan of $150,000 over a 25 year term.  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 examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Credit criteria, fees and charges apply. 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: variable interest rates are subject to change, the rate discount is valid for 14 days. For fixed rates, discounts are valid for 5 days. 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. Bank of Melbourne - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.