Bank Of Melbourne home loans

Loan purpose

Repayment type

Loan type

Not sure which loan is right for you? Get help now.

Home loan product	Interest rate	Comparison rate	Monthly repayment
Owner Occupied, Principal & Interest	Interest rate 2.69% Variable	Comparison rate 2.71%	Monthly repayment $2,228	Enquire now Product details
Investment, Principal & Interest	Interest rate 3.14% Variable	Comparison rate 3.16%	Monthly repayment $2,361	Enquire now Product details
Investment, Interest Only	Interest rate 3.34% Variable	Comparison rate 3.36%	Monthly repayment $2,421	Enquire now Product details
Owner Occupied, Principal & Interest	Interest rate 2.29% Fixed - 3 years	Comparison rate 3.43%	Monthly repayment $2,114	Enquire now Product details
Owner Occupied, Principal & Interest	Interest rate 2.79% Fixed - 5 years	Comparison rate 3.49%	Monthly repayment $2,257	Enquire now Product details
Owner Occupied, Principal & Interest	Interest rate 2.29% Fixed - 2 years	Comparison rate 3.50%	Monthly repayment $2,114	Enquire now Product details
Owner Occupied, Principal & Interest	Interest rate 2.79% Fixed - 4 years	Comparison rate 3.52%	Monthly repayment $2,257	Enquire now Product details
Owner Occupied, Principal & Interest	Interest rate 2.29% Fixed - 1 year	Comparison rate 3.58%	Monthly repayment $2,114	Enquire now Product details
Investment, Principal & Interest	Interest rate 2.69% Fixed - 3 years	Comparison rate 3.94%	Monthly repayment $2,228	Enquire now Product details
Investment, Principal & Interest	Interest rate 3.19% Fixed - 5 years	Comparison rate 3.98%	Monthly repayment $2,376	Enquire now Product details
Owner Occupied, Principal & Interest	Interest rate 3.96% Variable	Comparison rate 4.01%	Monthly repayment $2,613	Enquire now Product details
Investment, Principal & Interest	Interest rate 3.19% Fixed - 4 years	Comparison rate 4.02%	Monthly repayment $2,376	Enquire now Product details
Investment, Principal & Interest	Interest rate 2.69% Fixed - 2 years	Comparison rate 4.03%	Monthly repayment $2,228	Enquire now Product details
Owner Occupied, Principal & Interest	Interest rate 2.94% Fixed - 5 years	Comparison rate 4.06%	Monthly repayment $2,301	Enquire now Product details
Investment, Principal & Interest	Interest rate 2.89% Fixed - 1 year	Comparison rate 4.15%	Monthly repayment $2,286	Enquire now Product details

The monthly repayment is calculated on a loan amount of $550k over 30 years.

More home loan products

Bank of Melbourne is an Australian financial institution that was founded in 1989 and acquired by Westpac in 1997. After having their branches rebranded into Westpac during 2004, the Bank of Melbourne name was restored in 2011.

Bank of Melbourne has its headquarters and call centre in Melbourne with over 100 branches through Victoria and employs over 900 staff. The bank offers a range of financial services and products that include personal and home loans, credit cards, insurance and investment and superannuation planning and management.

The bank has won numerous awards including the Financial Review Smart Investor’s Best Local Bank in 2015. Although it is owned by Westpac, it is still considered to be a regional bank, and has local appeal to state residents. Because it is a regional bank, though, it's important to note that it does not operate any branches outside of Victoria, although they do offer services to anyone living in Australia.

For interested borrowers who are unable to avail themselves of a local branch, the Bank of Melbourne offers online banking options, as well as live chat, a mobile app, as well as the aforementioned customer service centre which can be reached by phone.

In order to apply for a home loan with the Bank of Melbourne you will need to be able to provide the following information:

You will need to be at least 18 years of age
Proof of Identification: Enough to pass the 100 point check, which can include your passport, birth certificate, etc.
You will need to be able to provide evidence of your financial details when you apply, so make sure you hang on to your tax returns, pay slips, and other financial details.
You’ll need to agree to a credit check.
A list of your income against your expenses, which will show the lender a more complete view of your current financial situation as far as incoming and outgoing cash flow is concerned.
A list of assets and debts - assets include things like existing properties and investments as well as savings, while debts are any open lines of credit or other loans, etc.
Details about the property you're planning to buy, such as the price of the property and how much you are looking to borrow.

Additionally, anyone looking to refinance will need to provide statements the last six months of their existing loans, and anyone looking for a construction loan will have to provide proof of sale, council approved plans, and building quotes.

Featured Rates

Achieve Variable Home Loan

2.73%p.a.Interest rate

2.78%p.a.Comparison rate

More details

New home loan fixed rates

2.19%p.a.Interest rate

2.53%p.a.Comparison rate

More details

You're almost finished - want help finding the right home loan?

What’s the purpose of your home loan?

How much do you want to borrow?

First name

Last name

Where do you live?

Phone number

E-mail address

Get your free property report and a one-on-one phone consultation with a mortgage broker.

Bank Of Melbourne home loans

Save your time and get specialist help to find the best home loan - FREE.

Compare home loans

Featured Rates