Bank of Melbourne key facts
- Bank of Melbourne's most competitive rates are its package home loans, so if you want to bundle your loan with an offset account and a credit card, it's a good option to consider.
- Bank of Melbourne has online and phone support but also has a network of branches, especially in Victoria where the bank is headquartered.
- You need at least a 5% deposit to get some Bank of Melbourne home loans, but many loans require a 10% or 20% deposit.
Review by our senior home loans writer Richard Whitten
Want to remortgage flat (VIC 3004) value $500k , mortgage ( with Commonwealth Bank) is $300k on interest / repayment basis (term 25yrs). Want to remortgage on an INTEREST ONLY BASIS fixed rate for 2 years ( as plan to sell flat in 2 years). Flat is owner occupied and is 65sqm . Earnings are 50% of mortgage.
Hi Jones,
You might consider consulting a mortgage broker, as they can research loan options and find the right one for you.
If you wish to refinance through the Bank of Melbourne, please visit their website directly.
You can also check other lenders available for refinancing here.
Kind regards,
Rebecca
Hello, I’m on DSP receiving 1000 a fortnight what type of loans and how much might I try to get a loan for?
Hi Robert,
Thanks for getting in touch with Finder. I hope all is well with you. :)
I understand you are trying to get a loan while you are on DSP. Typically, if you are receiving DSP your options might be limited, but there are still lenders who might be able to meet your needs. As long as you are able to comply with their eligibility requirements and prove your ability to make repayments, you should be approved.
To know more about how you can obtain a home loan while on DSP, please check our pensioner home loans page. On that page, you’ll read more details about the types of home loans that might be available to you, how to compare home loans, and extra documentation for disability pensioners, to name a few.
Moreover, please consider speaking to a mortgage broker who can help you explore your home loan options while taking into consideration your current situation.
Finally, please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Check the eligibility requirements as well and consider whether the product is right for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua
Dear Sir/Madam
Hello
RE; Unsecured personal loan for self employed .Try on line application get stuck for some reasons .
Low doc application
Hope to hear from you soon
Best regards
Hi John,
thanks for the question.
I’d recommend contacting Bank of Melbourne directly to work through this matter, as they’ll be able to help you through this application error.
I hope this helps,
Marc.
Hi
my wife and myself have fulltime jobs,just enquiring if it is possible to get 100% home loan.
Regards,
Gary.
Hi Gary,
Thanks for your comment.
At the moment, 100% home loans are only possible with a guarantor. Bank of Melbourne do offer guarantor loans.
Hope this helps,
Shirley