Bank of Melbourne
Bank of Melbourne is an Australian bank, based in Victoria. With headquarters in Melbourne, the bank has 106 branches spread across the state.
Although Bank of Melbourne was established in 1989 as an independent organisation, it has been part of the Westpac Group since 1997.
Bank of Melbourne, or BoM as it is also known, offers a wide range of home loans, both through its branch network and through mortgage brokers.
Pros and cons
- Lots of repayment flexibility
- Specialised and construction loans available
- Suits customers with small deposits
- Some home loans charge ongoing fees
- Branch access limited to Victoria
Home loan repayment calculator
Thinking about taking out a home loan with Bank of Melbourne? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Bank of Melbourne home loans compare with other options.
Your estimated mortgage repayments
at interest rate 2.14%
Total interest payable
Total loan repayments