Portfolio loan

Why?
Rates & fees
Details
How to apply

Apply Now Apply Now

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

5.23% p.a With Advantage Package^{^}.
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.

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.

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.

Enquire online

A Bank of Melbourne home loan expert will call you back.

Find a lender

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 8MB)

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

Loan Accounts - Charges for specific services and accounts (PDF 848KB)

Advantage Package - Terms and Conditions (PDF 1MB)

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:
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.
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.