Bank of Melbourne home loans
3 home loans with 24 options: variable or fixed from 1 to 5 years, for owner-occupiers or investors, paying principal and interest or interest only. Headline variant: owner-occupier · P&I · ≤80% LVR · comparison rate.
- Basic Variable Home LoanRedraw · no ongoing fee6.65%
- Variable Home Loan with OffsetOffset account · redraw · no ongoing fee7.11%
- Fixed Rate Home LoanRedraw · no ongoing fee–
The lowest rate for each choice: the comparison rate where the lender publishes one, else the advertised rate. Every variant is on the loan's own page.
Comparison rates are based on a secured loan of $150,000 over 25 years. 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.
October 20265 changes
- 10Sat
- Variable Home Loan with Offset11 variants up 0.24 to 0.2510 days after the RBA rise to 4.60%+0.24 to +0.25All Variable
P&I · Owner-occupier · ≤70% LVR 6.77 7.01 +0.24 P&I · Owner-occupier · 70–80% LVR 6.86 7.11 +0.25 P&I · Investor · ≤70% LVR 6.96 7.21 +0.25 P&I · Investor · 70–80% LVR 7.06 7.31 +0.25 P&I · Owner-occupier · 80–95% LVR 7.16 7.41 +0.25 Interest Only · Investor · ≤70% LVR 7.06 7.31 +0.25 Interest Only · Owner-occupier · ≤70% LVR 7.00 7.25 +0.25 Interest Only · Investor · 70–80% LVR 7.16 7.41 +0.25 P&I · Investor · 80–95% LVR 7.36 7.60 +0.24 Interest Only · Owner-occupier · 70–80% LVR 7.10 7.35 +0.25 Interest Only · Investor · 80–90% LVR 7.46 7.71 +0.25 - Basic Variable Home Loan11 variants up 0.25 to 0.2610 days after the RBA rise to 4.60%+0.25 to +0.26All Variable
P&I · Owner-occupier · ≤70% LVR 6.30 6.55 +0.25 P&I · Owner-occupier · 70–80% LVR 6.40 6.65 +0.25 P&I · Investor · ≤70% LVR 6.55 6.80 +0.25 P&I · Investor · 70–80% LVR 6.65 6.90 +0.25 P&I · Owner-occupier · 80–95% LVR 6.70 6.95 +0.25 Interest Only · Investor · ≤70% LVR 6.70 6.95 +0.25 P&I · Investor · 80–95% LVR 6.95 7.20 +0.25 Interest Only · Investor · 70–80% LVR 6.80 7.05 +0.25 Interest Only · Investor · 80–90% LVR 7.10 7.36 +0.26 Interest Only · Owner-occupier · ≤70% LVR 6.73 6.99 +0.26 Interest Only · Owner-occupier · 70–80% LVR 6.84 7.09 +0.25 - Fixed Rate Home Loan55 variants up 0.13 to 0.2210 days after the RBA rise to 4.60%+0.13 to +0.22
- 8Thu
- Variable Home Loan with Offsetapplication fee $600 → $0 on 11 variants−$600All Variable
P&I · Owner-occupier · ≤70% LVR $600 $0 −$600 P&I · Owner-occupier · 70–80% LVR $600 $0 −$600 P&I · Investor · ≤70% LVR $600 $0 −$600 P&I · Investor · 70–80% LVR $600 $0 −$600 P&I · Owner-occupier · 80–95% LVR $600 $0 −$600 Interest Only · Investor · ≤70% LVR $600 $0 −$600 Interest Only · Owner-occupier · ≤70% LVR $600 $0 −$600 Interest Only · Investor · 70–80% LVR $600 $0 −$600 P&I · Investor · 80–95% LVR $600 $0 −$600 Interest Only · Owner-occupier · 70–80% LVR $600 $0 −$600 Interest Only · Investor · 80–90% LVR $600 $0 −$600 - Fixed Rate Home Loanapplication fee $600 → $0 on 55 variants−$600
September 20261 change
- 19Sat
- Fixed Rate Home Loan55 variants up 0.03 to 0.23+0.03 to +0.23
Investor, interest-only and other LVR-band variants sit behind each product; ranks are within the variant's own cohort. Compare home loans · Home loan report
Notes on Bank of Melbourne home loans
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As of 1 November 2026, Bank of Melbourne has three home loan products in 77 variants tracked by BankMate. Its lowest comparison rate for an owner-occupier paying principal and interest on a variable loan is 6.65% (Basic Variable Home Loan), ranking 64th of 93 variable owner-occupier P&I loans and sitting 0.07 points above the market average of 6.58%. Its rates last moved on 10 October 2026, 10 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.