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Advantage Package Fixed Rate Home Loan (Principal and Interest) 5 Years

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments + redraw services
Cons:
  • Limited extra repayments
  • Annual fee charged
  • Discharge fee at end of loan
  • Not available for self-employed borrowers

Details & Fees

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 5 years
Borrowing range
Borrowing range
$150k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$591,624View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Partial offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$264
Application fee
Application fee$0
Settlement fee
Settlement fee$100
Valuation fee
Valuation fee
$164
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$395 annually
Discharge fee
Discharge fee$350
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 5 years
Borrowing range
Borrowing range
$150k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$591,624View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Partial offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$264
Application fee
Application fee$0
Settlement fee
Settlement fee$100
Valuation fee
Valuation fee
$164
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$395 annually
Discharge fee
Discharge fee$350

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Bank of Melbourne is an Australian financial institution that was founded in 1989 and acquired by Westpac in 1997. After being rebranded as Westpac branches in 2004, the Bank of Melbourne name was restored in 2011.

Bank of Melbourne has its headquarters and call centre in Melbourne, with over 100 branches through Victoria and employs over 900 staff. The bank offers a range of financial services and products that include personal and home loans, credit cards, insurance and investment and superannuation planning and management.

The bank has won numerous awards, including the Financial Review Smart Investor’s Best Local Bank in 2015.

Bank of Melbourne home loan calculator  

Interested in an Bank of Melbourne home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Bank of Melbroune compares to its competitors. Simply plug in your borrowing amount below. 

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