The Bank of Melbourne Basic Home Loan offers variable rates from 6.29% p.a. (6.30% p.a. comparison rate*). Low deposit home loans.
Updated 30 September 2024
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* See details below
Variable
6.29%
6.30%
Variable
7.29%
7.30%
If you're looking for a fee free home loan with basic features, then the Bank of Melbourne Basic Home Loan is worth considering. As one of Bank of Melbourne's more basic home loan offerings, it features variable interest rates across the Owner Occupier and Investor categories. Bank of Melbourne also offers a home loan package with more comprehensive features, so it is prudent to consider what's most important to you before applying. Further details about the Bank of Melbourne Basic Home Loan benefits are outlined below.
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$0 establishment fee
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$0 annual fee
Other fees may apply.
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No ongoing fees
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Make extra repayments
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Redraw extra repayments that you have made
Before applying for this product, you should read the Target Market Determination (TMD) available here on the Bank of Melbourne website.