The Bank of Melbourne Basic Home Loan offers variable rates from 6.29% p.a. (6.30% p.a. comparison rate*). Up to $2,000 cashback when you refinance to Bank of Melbourne. Low deposit home loans.
Updated 8 December 2023
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If you're looking for a fee free home loan with basic features, then the Bank of Melbourne Basic Home Loan is worth considering. As one of Bank of Melbourne's more basic home loan offerings, it features variable interest rates across the Owner Occupier and Investor categories. Bank of Melbourne also offers a home loan package with more comprehensive features, so it is prudent to consider what's most important to you before applying. Further details about the Bank of Melbourne Basic Home Loan benefits are outlined below.
$500 establishment fee
$0 annual fee
Other fees may apply.
No ongoing fees
Make extra repayments
Redraw extra repayments that you have made
Before applying for this product, you should read the Target Market Determination (TMD) available here on the Bank of Melbourne website.