Make unlimited additional repayments to pay off your loan sooner, with no break costs to pay in the event of early repayment.
Full interest offset facility to help you save on interest on your home.
Redraw funds from any extra payments you have made, when you need it2.
Make part of your loan a fixed interest rate and part a variable interest rate.
You could use the equity in a family member's home to guarantee part of your home loan. Learn more
You may be able to pause or reduce your repayments for a set period (keep in mind after the break your repayments may be higher for the rest of your loan term).2
Standard Variable Rate
with Advantage Package.1
Principal & Interest repayments.4
LVR+ above 60% up to 80%
$4,000 Refinance Cashback per primary applicant for applications received between 8th December 2021 - 31st May 2022 and settled by 31st August 2022. Limit of one $4,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.
The cashback will be paid into a Bank of Melbourne transaction account within 60 days of settlement. The transaction account must be in the same name as the home loan account and linked to the home loan at the time of settlement. This account must be kept open for 60 days after settlement.
For the $4,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.
Our Concierge will call you once you've submitted your application to help handle the rest of the process.
Credit criteria, fees and charges apply. Interest Rates are subject to change. Based on Bank of Melbourne credit criteria, residential lending is not available for Non-Australian resident borrowers.
Before making a decision, it’s best to read the 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. Tax consequences may arise from promotions for investors and customers should seek independent advice on any taxation matters.
* Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Advantage Package apply. A $395 annual package fee applies and is payable from a Bank of Melbourne Complete Freedom transaction account. Before deciding to open a Bank of Melbourne Complete Freedom account, read the Terms & Conditions, and consider if the account’s right for you.
+LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the banks valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan. Any applicable LVR discount has been included in the advertised eligible rate.