Home loans

Portfolio Loan

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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.

Residential Investment Home Loans

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.

Calculators

View all rates

Property market research

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.

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.

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Monday to Friday and 9am-5pm Saturday and Sunday

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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 578KB)

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 889KB)

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.