Bank of Melbourne Advantage Package Fixed Rate Investment Loan (Principal and Interest) 4 Years (LVR 60%-80%) | Review & Compare Home Loans

Advantage Package

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Interest Rate

3.59

% p.a

Fixed - 4 years

Comparison Rate*

4.12

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,516

based on $300,000 loan amount for 25 years at 3.59%

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Summary
Features & fees
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Interest Rate

3.59

% p.a

Fixed - 4 years

Comparison Rate*

4.12

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,516

based on $300,000 loan amount for 25 years at 3.59%

Calculate your repayments for this loan

Your estimated repayment

$1,516

based on $300,000 loan amount for 25 years at 3.59%

Based on your details, you can compare and save on the following home loans

TMD

Monthly Repayment

$1,282

based on $300,000 loan amount for 25 years at 2.07%

Interest Rate

2.07

% p.a

Fixed - 2 years

Comparison Rate*

2.65

% p.a

Interest rates ranked in the best 20%
Extra repayments and redraw facility
Free redraw facility
Split account option

Real Time Rating™

More Features

Monthly Repayment

$1,308

based on $300,000 loan amount for 25 years at 1.85%

Interest Rate

1.85

% p.a

Intro 24 months

Comparison Rate*

2.21

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,256

based on $300,000 loan amount for 25 years at 1.89%

Interest Rate

1.89

% p.a

Variable

Comparison Rate*

1.89

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Quick home loan review

For Advantage Package Fixed Rate Investment Loan (Principal and Interest) 4 Years (LVR 60%-80%)

These are the benefits of this home loan.

Parents can sign as guarantor
Extra repayments and redraw facility
Free redraw facility
Split account option

These are the drawbacks of this home loan.

Limited extra repayments
Higher than average interest rate
Loan reverts to higher rate after fixed period
Ongoing fee
Higher than average upfront fee
Discharge fee at end of loan

Home loan overview

For Advantage Package Fixed Rate Investment Loan (Principal and Interest) 4 Years (LVR 60%-80%)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 80%	Total Repayments $454,800 View repayment schedule »
Next LVR 3.64% for max LVR 95%	Interest rate type Fixed - 4 years
Borrowing range $150k - $2m Calculate how much you can borrow	Suitable for Investors
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Fortnightly, Monthly, Weekly

Features

Extra repayments Yes - limited to $30000	Offset account Partial offset account
Redraw facility Redraw fee: $0	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 264	Application fee 0
Legal fee $0	Valuation fee $164
Settlement fee 100	Other upfront fee 0
Ongoing fee $395 annually	Discharge fee 350

Application method

Online Compare	Phone
Broker Talk to an expert	In branch

Specials

Cashback $3000 refinance cashback
Apply by 28 February 2022, and settle by 31 May 2022. Owner Occupier (P&I repayments) and Residential Investment loans, with LVR less than 90%. Available on our Advantage Package home loans, with a $395 annual package fee and Basic Home Loans (no annual fee). $250k min loan. Only one $3K cashback offer available per primary applicant within a 12 month period. Excludes refinances from within Westpac Group.^

Target Market Determination

Visit Bank of Melbourne to view Target Market Determination.

Compare and review home loans with similar features

TMD

Interest Rate

3.29

% p.a

Fixed - 4 years

Comparison Rate*

2.79

% p.a

No ongoing fees
Split account option

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Interest Rate

3.49

% p.a

Fixed - 4 years

Comparison Rate*

3.28

% p.a

No upfront fees
Parents can sign as guarantor
Split account option

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Interest Rate

3.89

% p.a

Fixed - 4 years

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4.07

% p.a

No upfront fees
Parents can sign as guarantor
Split account option

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Interest Rate

3.64

% p.a

Fixed - 4 years

Comparison Rate*

3.16

% p.a

No upfront fees
100% full offset account
Split account option

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FAQs

The range you can borrow from this loan is $150k to $2,000,000.

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

Bank of Melbourne allows you to have this loan for a range of 1 to 30 years.

Bank of Melbourne allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

While it could change based on your circumstances, RateCity estimates that this loan option comes with $264 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Bank of Melbourne makes it possible to apply for this product online. Apply here.

Yes, this Bank of Melbourne loan is available through a broker. Find a broker to help you with your needs.

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