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If you're after a no-frills home loan that offers flexibility and a low rate, the Bank of Melbourne Basic Home Loan is worth a look.
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Review by
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).
The Bank of Melbourne Basic Home Loan keeps things simple with competitive rates and basic loan features.
To find out more about this loan, or to apply, click the 'Go to site' button below. This will take you to the Bank of Melbourne website where you can arrange a callback or start an application. To arrange a callback, you'll need to enter your contact details.
6 Comments
March 14, 2023
PLANNING TO TRANSFER MY HOME LOAD TO BANK OF MELBOURNE.
AM I QUALIFIED TO A CASH BACK OF 3,500?
THANK YOU.
March 16, 2023
You will need to check with Bank of Melbourne directly. Approval will depend on a lot of factors surrounding your loan and your own circumstances.
February 20, 2023
Does the family members providing a family pledge have to bank with the same bank or can they be with another bank? Thanks
February 20, 2023
Hi Chris,
You’d need to ask someone at Bank of Melbourne but I would think that’s not a requirement.
All the best,
Richard
February 14, 2023
What are your requirements for loan..150k
February 21, 2023
Hi George,
This loan is available with a minimum loan amount of $150,000. If you want to get this product you will need to contact Bank of Melbourne directly. You can also compare more options here.
I hope this helps,
Richard