Bank of Melbourne Home Loans
What home loans does Bank of Melbourne Offer?
If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from Bank of Melbourne that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), then by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in Victoria with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.
*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning
Bank of Melbourne Home Loan Features
Depending on the option you choose, some features of a Bank of Melbourne home loan may be:
- Advantage Package option available – includes discounted rates and fees on home loan, credit card, and transaction account
- Offset account and redraw facilities available (on selected loans)
- Split loan facility available (a split loan application fee may apply)
- Mortgage is portable, meaning that you can transfer an existing home loan to your next property
- Repayments may be made weekly, fortnightly, or monthly
- Additional or lump sum repayments allowed
- Repayment holidays may be available during leave from the workforce (if you have previously made additional repayments in advance)
- Interest only repayments available
- Unlimited maximum loan amount, subject to approval
- Family guarantee option available
The inclusions above represent a selection of the features available with Bank Of Melbourne home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about the products on offer from this provider. Check upfront with Bank of Melbourne and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.
