The Bank of Melbourne Standard Variable Rate Home Loan (Advantage Package) offers variable rates from 7.39% p.a. (7.73% p.a. comparison rate*). Up to $2,000 cashback when you refinance to Bank of Melbourne. Low deposit home loans.
Updated 3 December 2023
See what your bank will offer you to stay
* See details below
Variable
7.39%
7.73%
Variable
7.98%
8.31%
If you're after a fully featured home loan with package benefits, then the Bank of Melbourne Standard Variable Rate Home Loan (Advantage Package) is worth considering. As part of a broader home lending package and one of Bank of Melbourne's most comprehensive home loan offerings, it features variable interest rates across the Owner Occupier and Investor categories, and the ability to split your loan with Bank of Melbourne's fixed rates. Bank of Melbourne also offers a basic home loan option, so it is prudent to consider what's most important to you before applying. Further details about the Bank of Melbourne Standard Variable Rate Home Loan (Advantage Package) options and benefits are outlined below.
•
$0 establishment fee
•
$395 ongoing annual fee
Other fees may apply.
•
•
Split your loan into fixed and variable rate portions
•
Save interest with an offset account
•
Make extra repayments
•
Redraw extra repayments that you have made
•
Package discounts and benefits
Before applying for this product, you should read the Target Market Determination (TMD) available here on the Bank of Melbourne website.