Portfolio Loan

Home loans
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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...

  • 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.

Owner occupier

  • 5.69% p.a With Advantage Package.
    Interest Only repayments.

Fees

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.

Find my rate

View all rates

The Detail

Conditions, fees and credit criteria apply. Before making a decision, it’s best to read the terms and conditions.
Advantage Package
Terms and Conditions.
Loan Accounts
Charges for specific services and accounts.

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.

Start your journey online

Learn how much you could borrow, without knowing the loan type.
Receive indicative approval in under 10 minutes.
A home loan expert will call to talk you through your options.
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Call us on

13 22 66

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

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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 8MB)

Residential Loan Agreement - General Terms and Conditions (PDF 914KB)

Loan Accounts - Charges for specific services and accounts (PDF 803KB)

Advantage Package 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 annual fee of currently $395 applies, other fees may be payable. The fee savings apply for the duration of the package. Contact Bank of Melbourne to see if you are eligible to receive Advantage Package benefits.

  3. Upfront fees and other fees and charges may apply.

  4. 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.

  5. 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.