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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 1.30% p.a. off your standard variable rate home loan with Advantage Package for loans above $100,000
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.


$1,500

Cash back*
When you
buy a home

Receive $1,500 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 7 November 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

New Owner Occupier

  • 3.80% p.a

    2 year Fixed Rate
    with Advantage Package.2
    Principal & Interest repayments.
    LVR+ above 60% up to 80%

  • 4.36% p.a Comparison rate3

New Residential Investment

  • 3.94% p.a

    2 year Fixed Rate
    with Advantage Package.2
    Principal & Interest repayments.
    LVR+ above 60% up to 80%

  • 4.85% p.a Comparison rate3

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.

Start your journey online

Learn how much you could borrow.
Receive indicative approval in under 15 minutes.
A home loan expert will call you once you have submitted your application to talk through next steps.

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 1MB)

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. Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible Bank of Melbourne transaction account. The interest rate is inclusive of the current 0.15% p.a. Advantage Package discount for the fixed rate period under the Advantage Package.

  3. 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 example(s) given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

+LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the Bank’s 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.