---
title: "Variable Home Loan with Offset — Bank of Melbourne"
description: "Home Loans from Bank of Melbourne. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bank-of-melbourne/products/BOMHLStandardVariable
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-30T05:58:31Z
---

# Variable Home Loan with Offset — Bank of Melbourne

> Home Loans from Bank of Melbourne. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans**

Our full-featured variable rate loan, with an offset account and redraw.

## At a glance

- **From (owner occupied):** 6.39% (6.77% comparison)

## Interest rates

### Owner occupied — Principal & interest

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (The rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Advantage Package gives you a 2.30 interest rate discount and other product savings, for an annual package fee. T&Cs apply. For Government's home guarantee scheme-backed loans, maximum LVR may differ.) | 6.39% | 6.77% | LVR up to 70% |
| Variable (Our standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply. For Government's home guarantee scheme-backed loans, maximum LVR may differ.) | 6.49% | 6.86% | LVR 70% up to 80% |
| Variable (An extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply. For Government's home guarantee scheme-backed loans, maximum LVR may differ.) | 6.79% | 7.16% | LVR above 80% |
| Variable (The rates include our 0.10% p.a. discount for LVRs+ up to 70%. For Government's home guarantee scheme-backed loans, maximum LVR may differ.) | 8.69% | 8.83% | LVR up to 70% |
| Variable (Our standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. For Government's home guarantee scheme-backed loans, maximum LVR may differ.) | 8.79% | 8.93% | LVR 70% up to 80% |
| Variable (An extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. For Government's home guarantee scheme-backed loans, maximum LVR may differ.) | 9.09% | 9.23% | LVR above 80% |

### Owner occupied — Interest only

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (The rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply.) | 6.98% | 7% | LVR up to 70% |
| Variable (Our standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply.) | 7.08% | 7.1% | LVR 70% up to 80% |
| Variable (The rates include our 0.10% p.a. discount for LVRs+ up to 70%.) | 9.28% | 9.1% | LVR up to 70% |
| Variable (Our standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation.) | 9.38% | 9.2% | LVR 70% up to 80% |

### Investment — Principal & interest

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (The rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply.) | 6.59% | 6.96% | LVR up to 70% |
| Variable (Our standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply.) | 6.69% | 7.06% | LVR 70% up to 80% |
| Variable (An extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply.) | 6.99% | 7.36% | LVR above 80% |
| Variable (The rates include our 0.10% p.a. discount for LVRs+ up to 70%.) | 9.27% | 9.41% | LVR up to 70% |
| Variable (Our standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation.) | 9.37% | 9.51% | LVR 70% up to 80% |
| Variable (An extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation.) | 9.67% | 9.81% | LVR above 80% |

### Investment — Interest only

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (The rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply.) | 6.88% | 7.06% | LVR up to 70% |
| Variable (Our standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply.) | 6.98% | 7.16% | LVR 70% up to 80% |
| Variable (An extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. Our Advantage Package gives you a 2.30% interest rate discount and other product savings, for an annual package fee. T&Cs apply.) | 7.28% | 7.46% | LVR above 80% |
| Variable (The rates include our 0.10% p.a. discount for LVRs+ up to 70%.) | 9.56% | 9.54% | LVR up to 70% |
| Variable (Our standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation.) | 9.66% | 9.64% | LVR 70% up to 80% |
| Variable (An extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation.) | 9.96% | 9.94% | LVR above 80% |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Lending Establishment Fee — Discount −$600.00 — This fee is waived for Customers that have Bank of Melbourne Advantage Package (other fees apply) (eligibility: Other: Bank of Melbourne Advantage Package) | Upfront | $600.00 |
| Loan Account Fee — Charged monthly · Discount −$8.00 — This fee is waived for Customers that have Premier Advantage Package (other fees apply) (eligibility: Other: Bank of Melbourne Advantage Package) | Ongoing | $8.00 |
| Document Processing Fee — The Settlement Processing Fee, is a fee charged as apart of the fees for Loan Establishment. It is the fee charged for the processing of settlement services. These can include document validation, value transaction processing and, conveyancing activities required for mortgage lending settlements. | Event | $100.00 |
| Property Valuer Fee — Fee may be payable if a valuation is needed. The amount is dependent on property location and value. | Event | Variable |
| Missed Payment Fee — Fee payable when we send customer an arrears letter relating to an overdue amount | Late payment | $15.00 |
| Loan Discharge Fee — Per Mortgage | Exit | $350.00 |
| Lenders Mortgage Insurance Premium — If your deposit is less than 20% then Lenders Mortgage Insurance is usually required. There may be other circumstances where Lenders Mortgage Insurance is also required. As Lenders Mortgage Insurance reduces bank's risk as a lender when providing a home loan, you may be able to apply for a home loan and get into your home sooner, with a lower deposit. Lenders Mortgage Insurance insures bank for any shortfall in the event that you default on your loan and if the proceeds from the property sale are not enough to pay off the loan in full. The cost of Lenders Mortgage Insurance is calculated as a percentage of the loan amount. The percentage applied will vary depending on a number of factors. Please speak to your lender if you would like to understand this process in more detail. The cost of Lenders Mortgage Insurance premium is passed on to you. We do not receive a commission on Lenders Mortgage Insurance. | Upfront | Variable |
| Annual Advantage Package Fee — Charged yearly | Ongoing | $395.00 |

## Features

- **Take a break from repayments: You can apply for Reduced Repayments or a Repayment Holiday for a set term (keep in mind after the break your repayments may be higher for the rest of your loan term). **
- **Option to split your loan : Make part of your loan a fixed interest rate and part a variable interest rate.**
- **Family Pledge : You could use the equity in a family member's home to guarantee part of your home loan**
- **Discounts on other products** — Bundle & save : Get a special packaged home loan rate discount and no annual credit card fee (for the life of your package), for an all-in-one $395 annual package fee.
- **Option to Loan Split/Subsequent Loan Sequence **
- **Offset account** (Offset account : Full interest offset facility to help you save on interest on your home (fees apply).)
- **Redraw facility** (Redraw freedom : Make unlimited additional repayments to pay off your loan sooner, then redraw the funds if you ever need to.)
- **Digital banking**
- **Building Loan Available feature**
- **The product includes a combination loan feature.**
- **The product provides options which includes reduced repayment, repayment holiday, portability and loan increase (top up) features**
- **The product includes a Relocation Loan End Debt feature**
- **The product includes Switching (from another product) feature**
- **Loan Payment Method - Direct Credit, Direct Debit (preferred), Branch Payment, Internet or Phone Banking**
- **Substituting a security : You may ask us to accept a new mortgage over other land as a substitute for any mortgage which is security for your loan. We may agree to this if you satisfy any reasonable requirements that we have, such as repaying part of the loan amount. We will require the new mortgage to be provided at the same time that the existing mortgage is discharged. We charge a fee for substituting a mortgage or other security.**
- **Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request**
- **Complete your refinance loan application with FASTRefi. A faster and easier refinancing process compared to the standard way - so you could access your new Bank of Melbourne home loan in days, as opposed to weeks. Eligibility applies.**
- **Cancellation of the package : A package owner may cancel the package at any time by giving us 14 days advance notice in writing.**
- **Extra repayments** (The product includes extra repayment features.)
- **Fraud protection** (The product includes fraud protection features.)
- **Guarantor supported** (Subject to terms and conditions, this product includes guarantor features.)
- **Relationship management** (Relationship management is available for eligible customers.)

## Eligibility

- **Minimum age** — 18 years (Applicant should be 18 years or over)
- **Residency status** — Should be an Australian or New Zealand citizen(s) or permanent resident(s)
- **Individuals, Trusts (individual and company trustees), Company, Partnership**

## Constraints

- **Minimum LVR** — 0%
- **Maximum LVR** — 95%
- **Minimum limit** — $10,000.00 (The minimum amount financed is $10,000)
- **Maximum repayment term 30 years**
- **Owner occupier - Loan maximum interest only period 5 years**
- **Investment - Loan maximum interest only period 10 years**

## More information from Bank of Melbourne

- [Overview](https://www.bankofmelbourne.com.au/personal/home-loans/our-home-loans/standard-variable-rate)
- [Terms & conditions](https://www.bankofmelbourne.com.au/personal/home-loans/our-home-loans/standard-variable-rate)
- [Eligibility](https://www.bankofmelbourne.com.au/personal/home-loans/our-home-loans/standard-variable-rate)
- [Fees & pricing](https://www.bankofmelbourne.com.au/content/dam/bom/downloads/personal/home-loans/Loan-Accounts.pdf)
- [Bundle information](https://www.bankofmelbourne.com.au/personal/home-loans/our-home-loans/advantage-package)

## Data provenance

- Published by Bank of Melbourne under the Consumer Data Right
- Product ID: `BOMHLStandardVariable`
- Last updated by the provider: 30 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-of-melbourne/BOMHLStandardVariable
- Provider page: https://www.cdrcompare.au/brands/bank-of-melbourne
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000142

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-of-melbourne/products/BOMHLStandardVariable) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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