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Home Loans

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.

Compare our Home Loans

See at a glance how fees, features and loan purposes differ by product.

 

Compare our Home Loans

Start your application online

Learn how much you could borrow.
Receive indicative approval in under 15 minutes.
A home loan expert will call you once you have submitted your application to talk through next steps.

Special offers


$2k

Cashback^
When you
refinance

For new Owner Occupier (Principal & Interest) or Investment home loans with the Advantage Package. $395 annual package fee and $250k min loan per property applies. Excludes refinances from within Westpac Group. Applications received by 30 June 2019, with loan settled by 31 August 2019.


$1k

Cashback*
When you
buy a home

Apply for a new Owner Occupier (Principal & Interest) or Investment home loan with the Advantage Package. $395 annual package fee and $250k min loan per property applies. Excludes refinances. Applications received by 30 June 2019, with loan settled by 31 August 2019.

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.

Calculators: This calculation is not an offer of credit but an estimate of the interest rate and repayment amount you may receive based on the information provided and does not include all applicable fees. Your borrowing power amount may be different when you complete a full application and we capture all details relevant to our lending criteria. Our lending criteria and basis upon which we assess what you can afford may change at any time without notice. Before acting on this calculation you should seek professional advice.

The output of each calculator is subject to the assumptions provided under each calculator and are subject to change.  The calculator does not take into account any future refinancing options which may be available. The calculator does not take into account any product features, grants or any applicable bank fees.

All interest rates referred to in the calculators are current, as indicated on our home loan interest rates page. The interest rates represented may include promotional discounts and are subject to change. When assessing ability to service a loan, Bank of Melbourne may use an interest rate that is higher than the current interest rate for the loan requested.

Loan to Value Ratio (LVR): Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan. The home loan rate above is based on your current LVR and may change if the LVR changes at final loan approval.

Fixed rates: 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.

#Advantage Package: Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible Bank of Melbourne transaction account.  Before deciding to acquire a Bank of Melbourne transaction account, read the terms and conditions, and consider if the product is right for you.

*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.

^Basic Home Loan Promotional Rate: This offer is only available for new Basic Home Loan applications received from 19 September 2018 for Owner Occupied Principal & Interest and Residential Investment Interest Only loans or 7 November 2018 for Residential Investment Principal & Interest loans. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time.