Basic Variable Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.14%p.a.
Comparison*
6.15%p.a.
Monthly repayment
$3,043
LVR 70–80%
Bank of Melbourne
Active products
32
Lowest variable
6.04%
Lowest fixed
6.29%
Lowest comparison
6.05%
Last updated
29 Apr 2026
Bank of Melbourne is the Victorian retail-banking brand of Westpac Group, with branches across Melbourne and regional Victoria. Its Advantage Package offset bundle mirrors Westpac's, with the same loan engine and underwriting standards but Victoria-anchored branding.
1 Bank of Melbourne home loan products
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