Bank Of Melbourne Home Loan Rates December 2025

Explore Bank Of Melbourne home loan offers to find some of the most competitive mortgage rates, fees, and features available for you.

Monthly repayment below is based on a $500,000 loan amount over 30 years.

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LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.24% p.a.
5.99% p.a.
$2,758
Principal & Interest
Fixed
$395
$100
70%
  • Owner Occupier
  • Fixed 1 Year
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
5.24% p.a.
5.95% p.a.
$2,758
Principal & Interest
Fixed
$395
$100
70%
  • Owner Occupier
  • Fixed 2 Years
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
5.34% p.a.
6.08% p.a.
$2,789
Principal & Interest
Fixed
$395
$100
80%
  • Owner Occupier
  • Fixed 1 Year
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
5.34% p.a.
6.05% p.a.
$2,789
Principal & Interest
Fixed
$395
$100
80%
  • Owner Occupier
  • Fixed 2 Years
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
5.39% p.a.
5.96% p.a.
$2,805
Principal & Interest
Fixed
$395
$100
70%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
5.44% p.a.
7.80% p.a.
$2,820
Principal & Interest
Fixed
$8
$700
70%
  • Owner Occupier
  • Fixed 1 Year
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
5.44% p.a.
7.56% p.a.
$2,820
Principal & Interest
Fixed
$8
$700
70%
  • Owner Occupier
  • Fixed 2 Years
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
5.44% p.a.
6.18% p.a.
$2,820
Principal & Interest
Fixed
$395
$100
70%
  • Investor
  • Fixed 1 Year
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
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Important Information and Comparison Rate Warning

The down low on Bank of Melbourne home loans

Bank of Melbourne has been around since 1989 when the RESI Statewide Building Society was granted a banking licence. It was acquired by Westpac in 1997, which retired and replaced the brand in 2004 but later revived it after the big four bank's merger with St George.

You might find Bank of Melbourne a good fit for your home loan needs if you:

  • Prefer in-person banking in Victoria
    Bank of Melbourne has multiple branches around Melbourne and one in Ballarat. 

  • Are seeking core loan product options
    The major home loan products at Bank of Melbourne for both owner occupiers and investors include:

    • Basic Variable
      Low rate, unlimited extra repayments, no ongoing fees

    • Variable with offset
      Includes a single optional offset account

    • Fixed home loan

  • Are interested in package benefits
    Bank of Melbourne offers a Home Loan package for a $395 annual fee. Benefits include discounted rates, waived fees, and flexibility to make changes to your home loan, like adding extra features.

  • Are eligible for the 5% Deposit Scheme
    Bank of Melbourne is one of 33 lenders currently participating in the 5% Deposit Scheme. If you're eligible, you could buy a home with a deposit of less than 20% without Lenders Mortgage Insurance (LMI).

  • Want a smaller lender backed by a big bank
    Some borrowers might find comfort in knowing their home loan is part of a big four bank stable.

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