Lenders › Bank of Melbourne › Variable Home Loan with Offset
Bank of Melbourne · Home loans
Variable Home Loan with Offset
Bank of Melbourne's Variable Home Loan with Offset is a home loan. The figures are the ones Bank of Melbourne publishes under the Consumer Data Right today. The advertised rate last moved on 9 October 2026, up from 6.39% to 6.64%.
Advertised rate
6.64%
headline tier
Comparison rate
7.01%
as published
Last moved
+0.25pp
9 October 2026
Advertised rate, last 30 days. Between 6.39% and 6.64% over the last 30 days.
Every current rate (22)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Owner occupier, P&I, LVR up to 70%, package | 6.64% | 7.01% |
| Variable, Owner occupier, P&I, LVR 70 to 80%, packageLVR 70% up to 80% | 6.74% | 7.11% |
| Variable, Investor, P&I, LVR up to 70%, package | 6.84% | 7.21% |
| Variable, Investor, P&I, LVR 70 to 80%, packageLVR 70% up to 80% | 6.94% | 7.31% |
| Variable, Owner occupier, P&I, LVR 80 to 95%, packageLVR above 80% | 7.04% | 7.41% |
| Variable, Investor, Interest only, LVR up to 70%, package | 7.13% | 7.31% |
| Variable, Owner occupier, Interest only, LVR up to 70%, package | 7.23% | 7.25% |
| Variable, Investor, Interest only, LVR 70 to 80%, packageLVR 70% up to 80% | 7.23% | 7.41% |
| Variable, Investor, P&I, LVR 80 to 95%, packageLVR above 80% | 7.24% | 7.60% |
| Variable, Owner occupier, Interest only, LVR 70 to 80%, packageLVR 70% up to 80% | 7.33% | 7.35% |
| Variable, Investor, Interest only, LVR 80 to 90%, packageLVR above 80% | 7.53% | 7.71% |
| Variable, Owner occupier, P&I, LVR up to 70% | 8.94% | 9.08% |
| Variable, Owner occupier, P&I, LVR 70 to 80%LVR 70% up to 80% | 9.04% | 9.18% |
| Variable, Owner occupier, P&I, LVR 80 to 95%LVR above 80% | 9.34% | 9.48% |
| Variable, Investor, P&I, LVR up to 70% | 9.52% | 9.66% |
| Variable, Owner occupier, Interest only, LVR up to 70% | 9.53% | 9.35% |
| Variable, Investor, P&I, LVR 70 to 80%LVR 70% up to 80% | 9.62% | 9.76% |
| Variable, Owner occupier, Interest only, LVR 70 to 80%LVR 70% up to 80% | 9.63% | 9.45% |
| Variable, Investor, Interest only, LVR up to 70% | 9.81% | 9.79% |
| Variable, Investor, Interest only, LVR 70 to 80%LVR 70% up to 80% | 9.91% | 9.89% |
| Variable, Investor, P&I, LVR 80 to 95%LVR above 80% | 9.92% | 10.06% |
| Variable, Investor, Interest only, LVR 80 to 90%LVR above 80% | 10.21% | 10.19% |
Rate moves, last 30 days
- 9 October 2026: 20 tiers lifted 0.25pp; the lowest, Variable, Owner occupier, P&I, LVR up to 70%, package, from 6.39% to 6.64%.
Published fees
| Fee | Amount |
|---|---|
| Lending Establishment Feeupfront | $600 |
| Loan Account Feerecurring | $8 |
| Document Processing Feewhen it happens: The Settlement Processing Fee, is a fee charged as apart of the fees for Loan Establishment. | $100 |
| Property Valuer Feewhen it happens: Fee may be payable if a valuation is needed. | see lender |
| Missed Payment Feelate payment: Fee payable when we send customer an arrears letter relating to an overdue amount | $15 |
| Loan Discharge Feeon exit: Per Mortgage | $350 |
| Lenders Mortgage Insurance Premiumupfront: If your deposit is less than 20% then Lenders Mortgage Insurance is usually required. | see lender |
| Annual Advantage Package Feerecurring | $395 |
Other Bank of Melbourne home loans
Basic Variable Home Loan 6.54%Fixed Rate Home Loan 6.74%Relocation Loan with end 9.53%Relocation Loan without end 9.53%
Get an email the morning Bank of Melbourne moves this rate.
Every Bank of Melbourne rate · every home loan rate compared · other lenders · this product in the explorer.