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Bank of Melbourne

major

Bank of Melbourne

Indicative Construction Loan Rate

Variable rate

6.54%

Comparison rate

6.58%

Rate as at 24 April 2026. Verify before applying.

Max LVR

95%

Offset account

Yes

Construction loans

Yes

Best for

Victorian first home builders

Advantages

  • ✓ Part of Westpac Group
  • ✓ VIC specialist focus
  • ✓ Strong for FHBs in VIC

Limitations

  • · VIC-centric, limited national support

Compare Bank of Melbourne vs other lenders

A broker can compare Bank of Melbourne's construction loan against 15+ lenders to find the best fit for your project size, LVR and timeline.

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Bank of Melbourne holds Australian Credit Licence 233714. Rates shown are indicative and may change without notice. Always verify the current rate directly with the lender.