Interest
6.64%p.a.
Comparison*
7.00%p.a.
Est. repayment
$3,207
LVR ≤70%
Bank of Melbourne · Offset · Updated November 2026
Bank of Melbourne Offset Account Home Loans, November 2026
Bank of Melbourne lists 24 offset home loans in the Ratesniffers index today. The lowest is 6.64% p.a. (comparison rate 7.00% p.a.), on Advantage Package <70% LVR $100k+ Owner Occupied P&I. Rates differ by LVR tier and repayment type, so compare the comparison rate on each row below.
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Bank of Melbourne offset home loan rates, November 2026
Interest
6.64%p.a.
Comparison*
7.00%p.a.
Est. repayment
$3,207
LVR ≤70%
Interest
6.74%p.a.
Comparison*
7.10%p.a.
Est. repayment
$3,240
LVR 70 to 80%
Interest
6.74%p.a.
Comparison*
7.10%p.a.
Est. repayment
$3,240
LVR 70 to 80%
Interest
7.13%p.a.
Comparison*
Not available
Est. interest only / month
$2,971
LVR ≤70%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.13%p.a.
Comparison*
Not available
Est. interest only / month
$2,971
LVR ≤70%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.84%p.a.
Comparison*
7.20%p.a.
Est. repayment
$3,273
LVR ≤70%
Interest
6.84%p.a.
Comparison*
7.20%p.a.
Est. repayment
$3,273
LVR ≤70%
Interest
7.23%p.a.
Comparison*
Not available
Est. interest only / month
$3,013
LVR ≤70%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.23%p.a.
Comparison*
Not available
Est. interest only / month
$3,013
LVR 70 to 80%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.23%p.a.
Comparison*
Not available
Est. interest only / month
$3,013
LVR ≤70%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.23%p.a.
Comparison*
Not available
Est. interest only / month
$3,013
LVR 70 to 80%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.94%p.a.
Comparison*
7.30%p.a.
Est. repayment
$3,306
LVR 70 to 80%
Interest
6.94%p.a.
Comparison*
7.30%p.a.
Est. repayment
$3,306
LVR 70 to 80%
Interest
7.33%p.a.
Comparison*
Not available
Est. interest only / month
$3,054
LVR 70 to 80%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.33%p.a.
Comparison*
Not available
Est. interest only / month
$3,054
LVR 70 to 80%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.04%p.a.
Comparison*
7.39%p.a.
Est. repayment
$3,340
LVR 80 to 95%
Bank of MelbourneAdvantage Package >80% LVR $100k+ Owner Occupied P&I (Eligible Medico Sector Only)
VariableOffsetRedraw
Interest
7.04%p.a.
Comparison*
7.39%p.a.
Est. repayment
$3,340
LVR 80 to 95%
Interest
7.04%p.a.
Comparison*
7.39%p.a.
Est. repayment
$3,340
LVR 80 to 95%
Bank of MelbourneAdvantage Package >80% LVR $100k+ Owner Occupied P&I (Eligible Medico Sector Only)
VariableOffsetRedraw
Interest
7.04%p.a.
Comparison*
7.39%p.a.
Est. repayment
$3,340
LVR 80 to 95%
Interest
7.53%p.a.
Comparison*
Not available
Est. interest only / month
$3,138
LVR 80 to 90%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.53%p.a.
Comparison*
Not available
Est. interest only / month
$3,138
LVR 80 to 90%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.53%p.a.
Comparison*
Not available
Est. interest only / month
$3,138
LVR 80 to 90%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.53%p.a.
Comparison*
Not available
Est. interest only / month
$3,138
LVR 80 to 90%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
*Important Information and Comparison Rate Warning
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Bank of Melbourne · Offset
Bank of Melbourne offset home loans, what to weigh
100% offset accounts reduce interest charged by the balance you keep in them without changing the headline rate. Best paired with salary-account direct deposit + tactical surplus parking. Rates and eligibility can differ across products and LVR tiers, so use the lender page above for current product-level figures rather than assuming every offset option has the same price.
See also Bank of Melbourne's full product range, repayment calculator, and offset savings calculator.