Home Loans
Home Loans
A service taking the pain out of the home loan process.
Our Concierge is here to help
Compare our Home Loans
See at a glance how fees, features and loan purposes differ by product.
Get 3K cashback when you refinance
$3K
Cashback^ When you Refinance
Start your application online
Our Concierge will call you once you've submitted your application to help handle the rest of the process.
Free property report
Discover what you need to know about the property trends in your suburb or the estimated value of a property you're looking to buy.
Manage your home loan
Need to make changes to your existing home loan?
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* |
| 1.84% p.a. 2 year fixed rate |
3.38% p.a. Comparison rate* |
| 2.03% p.a. 3 year fixed rate |
3.32% p.a. Comparison rate* |
| 2.54% p.a. 4 year fixed rate |
3.40% p.a. Comparison rate* |
| 2.84% p.a. 5 year fixed rate |
3.47% p.a. Comparison rate* |
T&C's apply. See comparison rate warning.
Articles & tools
Borrowing power calculator
Enter details of your income and expenses to get an estimate of how much you could borrow and what your repayments might be for your investment property.
Why refinance your home loan?
Here’s the rundown on why you might want to refinance your loan and costs involved.
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:
- Residential Loan Agreement – General Terms and Conditions (PDF 1MB)
- Loan Accounts – Charges for specific services and accounts (PDF 65KB)
- Advantage Package - Terms and Conditions (PDF 133KB)
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.
*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 get a Bank of Melbourne transaction account or credit card, read the terms and conditions so you can choose what’s right for you.