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Home Loans

COVID-19 Home Loan support

We’re here to support Australia through the good and tough times. Here's how we're helping home loan customers today.

Find out how to make changes to your home loan

Here's how it works

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Do it your way
Get your home loan online, over the phone or face-to-face. Whatever suits you.
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Paperless process
Paperwork. Yuck. Use our step-by-step online process to apply instead.
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Get your own rate
We'll personalise an interest rate to you as soon as you finish your application.
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Ask us anything
Not a home loan expert? Don't worry - we are. Ask our Concierge today.

Refinance cashback offer


$2k

Cashback per property^ refinanced

For new Owner Occupier with Principal & Interest repayments and Investment loans. Available on our Advantage Package and Basic home loans. $395 annual package fee. $250k min loan per property refinanced. Excludes refinances from within Westpac Group. Apply by 31 July 2020, and settled by 30 September 2020.

Looking to refinance?

Start your application online

Learn how much you could borrow.
Receive indicative approval in under 15 minutes.
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.

Explore more

 

Fixed Rate Home Loan

One low rate, fixed from 1-3 years.

For New Owner Occupier (Principal & Interest) Advantage Package Home Loans#, $395 annual package fee applies. LVR+ above 60% up to 80%. These rates do not apply to existing fixed rate loans.

 

2.24% p.a.
1 year fixed rate
3.53% p.a.
Comparison rate*
2.24% p.a.
2 year fixed rate
3.45% p.a.
Comparison rate*
2.24% p.a.
3 year fixed rate
3.38% p.a.
Comparison rate*

 

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


Bushfire Recovery Support Package

If you've been affected by the bushfires, you can apply to have your Bank of Melbourne Home Loan repayments paid for one year (up to $1,200 per month for your principal residence)**.

Call 1800 600 266 or read more here.

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.

*Comparison Rate:The comparison rate is based on a loan of $150,000 over a term of 25 years. After the fixed rate period expires the interest rate will revert to the applicable Standard Variable rate based on loan category and repayment type. 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. An Advantage Package discount has been included in the advertised eligible rate. 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.