Variable Home Loan with Offset

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

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%

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.

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.

Fees

Fee	Type	Amount
Lending Establishment Fee −$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 −$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 The Fee starts from $ 164 and the amount payable is dependent on location/value of security property(is)	Event	Variable
Missed Payment Fee Fee payable when we send customer an arrears letter relating to an overdue amount	Late payment

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

Eligibility

Minimum age — 18 yearsApplicant 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 — $10,000.00The 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

Published by Bank of Melbourne under the Consumer Data Right · Last updated 9 July 2026 · Product ID BOMHLStandardVariable · View on CDR.gov.au · View Source Data (JSON)