Variable
Advantage Package Variable
- 100% offset
- Unlimited extra repayments
- Redraw
Current rate: published on Bank of Melbourne's own rate card
Major-bank brand
Bank of Melbourne
Victorian-focused division of Westpac Group. Same product set as St.George but with Victorian-market positioning and local branch presence.
Part of Westpac MelbourneFounded 1989Australian Credit Licence 233714
Bank of Melbourne at a glance
Bank of Melbourne is a banking brand that is part of Westpac. It offers home loans.
- Lender type
- Major-bank brand
- Bank or non-bank
- Authorised deposit-taking institution (Westpac Banking Corporation)
- Part of
- Westpac
- Credit licence
- ACL 233714, Westpac Banking Corporation
- Lends
- Home loans
- Headquarters
- Melbourne
Strengths
- Victorian branch and BDM presence
- Advantage Package similar to St.George
- Active in the broker channel
Watch out for
- Annual package fee $395
Bank of Melbourne loans and products
What Bank of Melbourne offers in each category, with the features, eligibility and trade-offs we note. For the current rate on each product, follow the link to Bank of Melbourne’s own rate card.
Bank of Melbourne home loans
Compare home loans lendersFixed 2yr
Fixed 2 Years (Advantage)
- Fixed term certainty
Current rate: published on Bank of Melbourne's own rate card
Alternatives to Bank of Melbourne
Other lenders in our directory that offer home loans, starting with other major-bank brand lenders.
- BankSAMajor-bank brand. Home loans, Car loans, Business loans, Equipment finance, Personal loans
- St.George BankMajor-bank brand. Home loans
- BankwestMajor-bank brand. Home loans
- Suncorp BankMajor-bank brand. Home loans, Business loans, Equipment finance
- UBankMajor-bank brand. Home loans
- UnloanMajor-bank brand. Home loans
More on Bank of Melbourne
- Bank of Melbourne home loans in detail
Advantage Package, Basic Variable, fixed 1 to 5 years. A Westpac-group regional brand built around the Victorian market. Where it wins and how it compares to the group siblings.
Bank of Melbourne: frequently asked questions
Is Bank of Melbourne a bank?
Yes. Bank of Melbourne’s loans are provided by Westpac Banking Corporation, which is on APRA’s register of authorised deposit-taking institutions (ADIs), the list of banks, building societies and credit unions licensed under the Banking Act 1959.
Who owns Bank of Melbourne?
Bank of Melbourne is a division of Westpac Banking Corporation. Its loans are provided under Australian Credit Licence 233714, held by Westpac Banking Corporation.
What is Bank of Melbourne’s credit licence number?
Westpac Banking Corporation holds Australian Credit Licence 233714, the licence Bank of Melbourne operates under. You can check a licence on ASIC’s Professional Registers before you apply.