Bank of Melbourne
★ 4.0 / 5
bank · Est. 2011 · HQ VIC · ABN 92 055 513 070
Westpac-owned VIC retail brand; Advantage Package mirrors St George.
Pros & cons
Pros
- VIC focus
- Westpac-backed
- Advantage Package
Cons
- VIC-only
- Mirrors St George pricing
Bank of Melbourne home loan products
| Product | Type | Rate | Comp. rate | Features |
|---|---|---|---|---|
| Advantage Package Variable | variable | 6.09% | 6.45% | offset, redraw, package, extra repay |
Indicative monthly repayment on a $500,000 loan over 30 years at Bank of Melbourne's lowest rate (6.09% p.a.): $3,027/month. Run a full comparison on our repayment calculator.