Your Finance GuideAustralian finance education
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 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. For the current headline rate and comparison rate, click through to Bank of Melbourne\'s own rate card; the live number sits with them.

Home loans

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Other major-bank brands

Same lender category; compare side by side.

BankwestSt.GeorgeBankSAUBankUnloanSuncorp Bank

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.

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★★★★★4.9 across 320+ reviewsAustralian Credit Licence 505575Independent. Education first.