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
Part of Westpac MelbourneFounded 1989ACL/Banking Licence 233714
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 products
Editorial reference covering the product range Bank of Melbourne offers and the structural strengths and trade-offs we observe in the market. The current headline rate and comparison rate sit on Bank of Melbourne\'s own rate card; we do not reproduce them here.
Home loans
Fixed 2yr
Fixed 2 Years (Advantage)
- Fixed term certainty
Current rate: published on Bank of Melbourne's own rate card
Our Bank of Melbourne coverage
- Bank of Melbourne home loans: the deep dive
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.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.
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The Bank of Melbourne rates above are publisher reference. The right product for your situation depends on income, deposit, credit profile, security and serviceability, and that comparison is what a broker does.
★★★★★4.9 across 320+ broker-partner reviewsAustralian Credit Licence 505575Independent. Education first.