Bank of Melbourne home loan interest rates for owner-occupier principal & interest loans — 2 products, variable and fixed, with comparison rates, fees and current offers. Updated 2026-09-16.
| Loan | Variable | Fixed (duration) | Comparison | Fees | Special offers |
|---|---|---|---|---|---|
| Basic Home Loan (variable) auto-updated 2026-09-16 | 6.29% | — | 6.30% | Owner-occupier principal & interest at LVR up to 70% (the lowest band the brand publishes). Rate includes a 1.82% p.a. discount off the Basic home loan variable rate for new owner-occupier P&I loans. | — |
| Fixed Rate Home Loan (LVR up to 70%) | — | 1yr 6.64%2yr 6.54%3yr 6.74%4yr 6.89%5yr 6.89% | — | Owner-occupier principal & interest, LVR up to 70% (includes a 0.10% p.a. discount). A 0.30% p.a. margin applies on lending above 80% LVR. Published comparison rates sit near 8.6% because they assume reversion to the undiscounted standard variable rate. | — |
About Bank of Melbourne
Bank of Melbourne is a Victorian retail banking brand of Westpac Banking Corporation, launched in 2011. It shares the Westpac Group home loan rate card and product range, so its published rates track Westpac, BankSA and St.George.
- Website: www.bankofmelbourne.com.au
- Contact: 13 22 66
Current Bank of Melbourne rates: lowest variable 6.29%, lowest fixed 6.54%.
Rate source: https://www.bankofmelbourne.com.au/personal/home-loans/home-loan-interest-rates.