Portfolio Loan

Bank of Melbourne’s Portfolio Loan is an ongoing line of credit. Borrowers can access funds up to their available credit limit to make investments for their future, such as to purchase an investment property or invest in a share portfolio.

A Bank of Melbourne home loan expert will contact you at your preferred time.

Use loan funds to build your investments

A flexible line of credit, where you could borrow up to 90% of the value of your secured property1 to make other investments and build assets.

Loan term & repayments

  • The Portfolio Loan has no set repayment term and is repayable on our request.
  • You will not repay your loan over time by paying the minimum monthly payments. The minimum monthly payments you will need to make will typically only cover your interest, certain fees and charges. To repay your loan, you should also make additional payments on a regular basis.


More information


You could get discounted rates and fees with Bank of Melbourne Advantage Package - a package deal for your home loan, selected credit card and transaction account. An annual package fee of $395 applies2.

Establishment fee

Additional sub-account fee

$100 per additional sub-account.

Your choice of a monthly account administration fee or an annual fee

Monthly fee


Annual fee

  • $200 per annum for all sub-accounts.

Other fees and charges apply. See a complete list of fees for loan accounts.

Residential investment interest rates

Variable rate
All balances   5.71% p.a.

Portfolio Loan Fixed Rate sub-accounts

Term   Annual rate Advantage Package* Discount Fixed Rate with Advantage Package*
Interest only      
1 year fixed 4.79% p.a. 0.15% p.a. 4.64% p.a.
2 year fixed 4.34% p.a. 0.15% p.a. 4.19% p.a.
3 year fixed 4.44% p.a. 0.15% p.a. 4.29% p.a.
4 year fixed 4.99% p.a. 0.15% p.a. 4.84% p.a.
5 year fixed 4.74% p.a. 0.15% p.a. 4.59% p.a.

All the features you need


  • You can make payments on your Portfolio Loan as often as you like, but at least monthly.
  • Interest will only apply to the outstanding balance.
  • On Variable Interest Rate sub-accounts you can make additional payments at any time.
  • On Fixed Interest Rate sub-accounts you can make additional repayments of up to $10,000 each year before break costs become payable.
  • Calculate what you could save by making extra payments.

24/7 access to funds

Keeping your investment finances separate

  • Sub-accounts5 allow you to divide your Portfolio Credit Limit into individual parts, enabling you to keep your investments separate.
  • You can open up to 10 sub-accounts to suit your investment or lifestyle needs.
  • Sub-accounts may have different ownership structures to help you manage your tax and finances, but a sub-account holder must be one or more of the Portfolio Loan borrowers and any remaining borrowers must be guarantors to that sub-account. Each sub-account can have its own credit limit, and interest rate.
  • Your primary sub-account is always at the variable interest rate. You can also choose Fixed or Variable interest rates on all other sub accounts6.
  • You can lock in 1, 2, 3, 4 or 5 year fixed rates7.

Lock in a fixed rate

Rate lock lets you secure an advertised fixed rate on fixed rate sub-accounts for up to 90 days before your Portfolio Loan settles or the interest rate period on your current Bank of Melbourne home loan ends.7 Rate Lock fee applies.

Easy reporting

Separate monthly statements for each sub-account to make managing investments easy.

Visa Debit Card

Link a Visa Debit card to your Portfolio Loan and shop securely wherever your Visa Debit card is accepted using money from your Portfolio Loan.8

Apply online

Apply now. It takes just 10 minutes!

Enquire online

Enquire now and a Bank of Melbourne home loan expert will call at your preferred time.

Call us

13 22 66

To talk with a Bank of Melbourne home loan expert, say “New Mortgage” when prompted.

Visit a branch

Find your nearest branch

What you’ll need to apply


How to apply

The Detail

Conditions, fees and credit criteria apply.

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

You can request a paper copy at a branch.

The general information on our website is prepared without knowing your personal financial circumstances. Before you act on this general information, please consider if it's right for you. If you need help, call 13 22 66.

1. Property value as determined by Bank of Melbourne. Generally, Lender’s Mortgage Insurance is required on loans above 80% of the value of the property offered as security.

2. Advantage Package Terms and Conditions apply and are available at bankofmelbourne.com.au.

3. Other upfront fees and costs may apply.

4. Subject to systems availability.

5. A sub-account holder must be one or more of the Portfolio Loan borrowers. The remaining borrowers on the Portfolio Loan must be guarantors on that sub account. Any Portfolio Loan borrower who is not a sub-account holder of a particular sub-account must guarantee that sub-account.

6. The Portfolio Loan variable rate must apply to your primary sub account.

7. Rate lock requests are subject to our approval. Fees apply.

8. Visa Debit Card available to customers who have an Australian residential address and are over the age of 14. If you are less than 14 years old and are a full time student, please contact us on 13 22 66 or visit any branch.

There may be tax consequences arising from this promotion for our business customers and rental property investors. This is not taxation advice. Customers should seek independent taxation advice on any taxation matters.

Bank of Melbourne – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. (03/12).