Bank of Melbourne Home Loan – loan
Home loans up to $3 000 000
Loan amount
$10,000 – $3,000,000
Interest from
2.24%
Term
3 – 30 months
Approval
15 minutes
Applying does not commit you to a contract.
Properties of this loan
- Home loans up to $3 000 000
- Term 3 - 30 years
Bank of Melbourne, part of the Westpac Group, is the leading regional retail banking brand in Victoria. It offers a full range of home loans — variable, fixed and split-rate, with offset accounts on eligible products — through a Victoria-focused branch network and online channels.
✓ Pros
- Strong Victorian branch network and local service focus
- Full range of fixed, variable and split-rate home loan options
- Offset accounts available on eligible loans
- Backed by the Westpac Group
✗ Cons
- Fewer branches outside Victoria compared with a fully national bank
- Deposit and Lenders Mortgage Insurance rules apply as with any major lender
- Rates aren't always the cheapest on the market — worth comparing
How to apply
- Learn how much you could borrow
- Receive indicative approval in under 15 minutes
- They will call you once you've submitted your application to help handle the rest of the process
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident (some lenders accept eligible visa holders)
- ✓ Deposit or equity, commonly 5–20% of the property value
- ✓ Stable employment history and serviceable income
- ✓ Satisfactory credit history and lender valuation of the security property
Frequently asked questions
15 minutes
The minimum loan amount at Bank of Melbourne Home Loan is $10,000.
About Bank of Melbourne Ltd
| Company | Bank of Melbourne Ltd |
|---|---|
| Address | 52 Collins St, Melbourne VIC 3000 |
| Website | https://www.bankofmelbourne.com.au |