Portfolio loan

Why?
Rates & fees
Details
Insurance
How to apply

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Why choose a Portfolio Loan?

Bank of Melbourne’s Portfolio Loan is an ongoing line of credit that lets you access funds to make investments for your future, such as to purchase an investment property or share portfolio.

Fixed rate interest term

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.

Package and save

With a Bank of Melbourne Advantage Package you could get discounted interest rates and fees when you package your home loan, credit card and transaction account².

Repayment frequency

Choose to pay monthly, fortnightly or weekly.

You also get...

Loan term and repayments

The Portfolio loan has no set repayment term and is repayable on our request
The minimum monthly payments you will need to make will typically only cover your interest, certain fees and charges. To repay the principal of your loan, you should also make additional payments on a regular basis.

Keeping your investment finances separate

Sub-accounts ⁴ 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 accounts.
You can lock in 1,2,3,4 or 5 year fixed rates ⁵.
You should seek independent financial advice.

Lock in a fixed rate

Residential Investment Home Loans

4.68% p.a With Advantage Package².
Interest Only repayments.

Fees

$700

Establishment fee³
OR
$0 With Advantage Package²

Additional sub account fees

$100
Per additional sub-account⁴.

Monthly/annual fees

$14
per sub-account
per month
OR
$0 with Advantage Package.²
OR
$200 per annum for all sub-accounts.

Calculators

View all calculators

View all rates

See all home loan interest rates

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. Plus save up to 25%.^^

Learn more

The Detail

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

Portfolio Loan Agreement

General Terms and Conditions.

Residential Loan Agreement

General Terms and Conditions.

Loan Accounts

Charges for specific services and accounts.

Advantage Package

Terms and Conditions.

Request a call back

Our Concierge will call you back at a time that suits you, Monday to Saturday

Face to face

Find your nearest branch or mobile lender.

The Detail

Conditions, fees and credit criteria apply.

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

Portfolio Loan Agreement - General Terms and Conditions (PDF 566KB)

Residential Loan Agreement - General Terms and Conditions (PDF 1MB)

Loan Accounts - Charges for specific services and accounts (PDF 841KB)

Advantage Package - Terms and Conditions (PDF 112KB)

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.

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.
Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible Bank of Melbourne transaction account. An Advantage Package discount has been included in the advertised eligible rate. The discount and fee savings apply for the duration of the package. Before deciding to acquire a Bank of Melbourne transaction account, read the terms and conditions (PDF 112KB), and consider if the product is right for you.
Upfront fees and other fees and charges may apply.
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.
Rate lock requests are subject to our approval. Fees apply.

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.

^{^^}Quote and buy online and save 15% off your annual premium for the first year with promotional code COVER. Plus, save a further 10% when you combine home and contents located at the same address under one policy. Home and Contents Insurance is issued by Westpac General Insurance Limited ABN 99 003 719 319 (except workers compensation cover where applicable). Bank of Melbourne – a Division of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) distributes the insurance, but does not guarantee the insurance.