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Get 3K cashback when you refinance


$3K

Cashback^ When you Refinance


Apply by 31st August 2021, and settle by 30th November 2021. Owner Occupier (P&I repayments) and Residential Investment loans, with LVR less than 90%. Available on our Advantage Package home loans, with a $395 annual package fee and Basic Home Loans (no annual fee). $250k min loan. Only one $3K cashback offer available per primary applicant within a 12 month period. Excludes refinances from within Westpac Group.^ 

 

 

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Fixed Rate Home Loan

For new Owner Occupier (Principal & Interest) Advantage Package Home Loans#, $395 annual package fee applies. LVR+ above 60% up to 80%. Available for new loans as well as existing variable rate home loan customers looking to fix all or part of their loans. If you’re an existing Bank of Melbourne Home Loan customer, find out how to manage your home loan.

 

2.04% p.a.
1 year fixed rate
3.51% p.a.
Comparison rate*
1.94% p.a.
2 year fixed rate
3.40% p.a.
Comparison rate*
2.03% p.a.
3 year fixed rate
3.32% p.a.
Comparison rate*
2.24% p.a.
4 year fixed rate
3.31% p.a.
Comparison rate*
2.54% p.a.
5 year fixed rate
3.36% p.a.
Comparison rate*

 

T&C's apply. See comparison rate warning.

The Detail

Credit criteria, fees and charges apply. Based on Bank of Melbourne’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change

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.

Fixed rate home loan: The Bank will apply the fixed rate that is available at the loan settlement date or the date the fixed rate period commences. At the end of the fixed rate period the interest rate will convert to the applicable variable home loan interest rate. 

^How does the refinance cashback offer work: Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 1st July 2021 to 31st August 2021 and settle by 30th November 2021 for refinance applications. Offer may be varied or withdrawn at any time. Min loan amount $250k and LVR must be less than 90% (LMI may apply). Offer available for Owner Occupier with Principal & Interest repayments and Residential Investment Loans (Principal and Interest & Interest Only repayments). Advantage Package ($395 annual package fee and T&Cs apply) and Basic Home Loans. Limit of one $3,000 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. Excludes Owner Occupier Interest Only, Portfolio Loans, residential lending originated under family or company trusts and refinances within Westpac Group (Westpac, St.George, Bank of Melbourne, BankSA and RAMS). The cashback will be paid into a Bank of Melbourne transaction account within 60 days of settlement. This account must be in the same name as the home loan account and linked to the home loan at settlement. Tax consequences may arise from this promotion 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.

** Eligibility conditions apply. Bank of Melbourne Home Loan customers who wish to apply for these special relief measures or need assistance should contact Bank of Melbourne Assist on 1800 600 266 or speak with their Relationship Manager. Mobile Westpac Group Support teams will also be available in bushfire affected towns and regions.

+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.

#Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible Bank of Melbourne transaction account. 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 and consider if the product is right for you.