Bank of Melbourne home loans come from Bank of Melbourne, a Victorian banking brand and a division of Westpac Banking Corporation. Bank of Melbourne is also one of the lenders on the Ingram Financial panel. This page is a factual profile to help borrowers understand who Bank of Melbourne is and where its home loans may fit. However, it is not a rating, an endorsement or a recommendation.
Bank of Melbourne at a Glance
| Item | Detail |
|---|---|
| Lender type | Brand and division of Westpac Banking Corporation (not a separately licensed bank) |
| Owned by | Westpac Banking Corporation |
| Founded or established | Relaunched in 2011; Westpac acquired the original Bank of Melbourne in 1997 |
| Headquarters | Melbourne |
| Regulated by | Operates under Westpac’s APRA banking authority and Australian credit licence |
| Listed on the ASX | Not separately; parent Westpac Banking Corporation is listed (ASX code WBC) |
| Home loans for | Owner-occupiers, investors and first home buyers |
We checked these details in September 2026 against Bank of Melbourne’s own website and independent sources such as Mortgage Professional Australia’s Bank of Melbourne profile.
Ownership and History of Bank of Melbourne
Westpac acquired the original Bank of Melbourne in 1997, and with it the rights to the brand. Then, in 2011, Westpac relaunched Bank of Melbourne as a Victorian bank, rebadging St.George‘s branch network in Victoria under the revived name.
Bank of Melbourne positions itself as a bank for Victorians, staffed locally and headquartered in Melbourne, with a branch network across the state. It sits alongside St.George, which operates in other states, and both are divisions of Westpac Banking Corporation.
Because it is a division rather than a separate company, Bank of Melbourne operates under Westpac’s banking authority and credit licence. You can also read more about the parent on our Westpac profile and about its sister brand on our St.George profile.
Where Bank of Melbourne Home Loans May Suit
Overall, based on what Bank of Melbourne publishes and what independent sources confirm, Bank of Melbourne home loans may suit:
- First home buyers. For example, Bank of Melbourne publishes dedicated first home buyer resources, participates in the Australian Government 5% Deposit Scheme, and offers Family Pledge, which lets an eligible family member guarantee part of the loan using equity in their home. See our first home loans page.
- People building or renovating. In particular, the building loan option releases funds in stages as construction progresses, with interest charged only on the amount drawn, and is available with a contract builder or as an owner-builder. See construction loans.
- Owner-occupiers and investors who want a major bank group’s products through a Victorian brand with local branches.
- Clients who prefer to apply through a broker. For instance, Bank of Melbourne has a dedicated broker channel with relationship managers and first home buyer tools for brokers.
Home Loan Types Bank of Melbourne Offers
Bank of Melbourne’s own website and independent industry sources confirm the following home loan types. Product names and features change, so ask us for the current range.
- Owner-occupied home loans, with variable and fixed rate options
- Investment property loans
- Building loan option for construction and renovation
- Refinancing from another lender
- First home buyer loans, including Family Pledge and the Australian Government 5% Deposit Scheme
Getting a Bank of Melbourne Home Loan Through Ingram Financial
Of course, every lender has its own policies, processes and quirks, and they change often. Rather than working through them on your own, let Ingram Financial help you navigate the maze and compare Bank of Melbourne with the other lenders on our panel.
Shannon Ingram compares Bank of Melbourne home loans with the rest of the panel, looking at your goals, income and deposit first, and then at which lender fits. In the meantime, to see current Bank of Melbourne products, use the lender filter in our comparison tool. When you are ready, contact us or book a free chat below. We help clients across the Sutherland Shire in person, as well as across Australia by phone and video.
Bank of Melbourne Home Loan FAQs
Bank of Melbourne is a banking brand and a division of Westpac Banking Corporation. It operates under Westpac’s banking authority rather than holding a separate licence.
Westpac Banking Corporation. Westpac acquired the original Bank of Melbourne in 1997 and then relaunched the brand in 2011.
They are sister brands. In 2011 Westpac rebadged St.George’s Victorian branches as Bank of Melbourne. In fact, both are divisions of Westpac.
Yes. Bank of Melbourne works with mortgage brokers through a dedicated broker channel. Therefore, Ingram Financial can compare Bank of Melbourne with the other lenders on our panel.
It publishes first home buyer resources, participates in the Australian Government 5% Deposit Scheme and offers Family Pledge. However, eligibility criteria apply.
Ingram Financial has no ownership ties to Bank of Melbourne. Bank of Melbourne is simply one of the lenders on our panel. We checked the lender information on this page in September 2026. However, it may change, and the lender sets product availability, policies and eligibility criteria.
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Lending criteria, fees and charges apply. Consider whether it is appropriate for you and speak to us for advice specific to your situation.