Bank of Melbourne Fixed Rate Home Loan (Advantage Package)

The Bank of Melbourne Fixed Rate Home Loan (Advantage Package) offers fixed rates from 2.84% p.a. (3.76% p.a. comparison rate*). Up to $4,000 cashback when you refinance to Bank of Melbourne. Low deposit home loans.


Updated 22 May 2022

* See details below

Interest Rates
Enter scenario to see relevant rates
I want to borrow
with a deposit of
for my
Principal & Interest(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

1 Year Fixed

2.89%

3.81%

2 Year Fixed

3.79%

3.89%

3 Year Fixed

4.29%

4.03%

4 Year Fixed

4.49%

4.14%

5 Year Fixed

4.69%

4.29%

Interest Only(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

1 Year Fixed

4.34%

3.96%

2 Year Fixed

4.49%

4.09%

3 Year Fixed

4.89%

4.27%

4 Year Fixed

5.09%

4.45%

5 Year Fixed

5.19%

4.64%

Product Details
Lock in a little certainty with a fixed interest rate for 1-5 years."
- Bank of Melbourne
Fees

•

$0 establishment fee

•

$395 ongoing annual fee

Other fees may apply.

Loan Amount

•

From $150,000

Feature

•

Split your loan into fixed and variable rate portions

•

Make extra repayments

•

Package discounts and benefits

•

Ability to lock in the current fixed rate

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the Bank of Melbourne website.

More information
* Comparison rate is based on a secured loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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