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What is a Get Set Loan?

Withdraw funds when you want without reapplying and only pay interest on what you use

17.00% p.a.
variable interest rate.
Up to $50,000
credit limit.
loan discharge fee.


Access funds up to your approved limit (between $5,000 and $50,000) from your Complete Freedom account by using mobile banking, internet banking and debit card. You only pay interest on your outstanding balance and can make repayments above the monthly minimum amount without incurring early repayment fees or break costs.


You also get…

24/7 access

Access your funds and track repayments at any time of day via internet or mobile banking.

Flexible repayments

Choose weekly, fortnightly or monthly repayments and pay as much as you like above the minimum amount without early repayment fees or break costs.

Key fees

  • $150 Lending establishment fee (added to your loan amount)
  • $50 Minimum monthly repayment (or 1.25% of the outstanding balance plus total interest charges and loan account fee, whichever is higher)
  • $12 Monthly loan account fee

The Detail

Before making a decision, please read these documents to ensure you’re aware of all fees, charges and interest rates.
Terms and conditions
General details of our Get Set Loan.
Account fees and charges
Personal loan costs that may apply to the Get Set Loan.

The Detail

Any advice on this website is general in nature and has been prepared without considering your objectives, financial situation or needs. Please read the product disclaimer and Terms and Conditions (PDF 2MB) documents and consider your individual circumstances before applying for a Bank of Melbourne Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information correct as of 20 January 2022. Interest rates are subject to change.

1A Redraw facility is available on variable interest rate loans only. Redraw requests are subject to approval. Minimum redraw amount is $500 and a $0 redraw fee applies to each approved request. Other fees and charges may apply.

Unless otherwise specified, the products and services described on this website are available only in Australia from Bank of Melbourne - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.