Bank of Melbourne

About Bank of Melbourne

Bank of Melbourne is Victoria’s most successful local bank with over 100 branches located across the state and a range of business lending, transacting and banking services that rivals even their largest international competitors.

In 2015, they were won the best local bank in Australia at the Blue Ribbon Awards and have also won two other noteworthy awards for their superior banking products and services in their private division.

Local Staff, Local Support and Local Community

As a local bank, it is clear that Bank of Melbourne has a strong interest in supporting the local communities of Victoria and that they choose their partners based on the impact they’ll have on the state. Their staff is made up almost entirely by locals – creating jobs where it matters the most.

Committed to you and your Online Security

Bank of Melbourne has an impeccable safety and security record and is always pushing to stay ahead of any developments in the banking and security industry and as a division of global banking giant Westpac, they certainly manage to achieve this.

If you want peace of mind that your online, ATM and mobile business banking transactions are secure than choosing this bank is definitely the right decision.

What Bank of Melbourne can offer you

Bank of Melbourne is passionate about serving and supporting the local SME’s and entrepreneurs of Victoria and does so with a comprehensive range of business finance and banking products.

Types of Business Loans

Small business loans from Bank of Melbourne include business overdrafts, lines of credit, vehicle and equipment finance and term loans.

They also have a range of commercial business loan options for large businesses that are looking for over $1 million.

Small Business Loans

With the small business loans from Bank of Melbourne you can get anything from $20,000 to $1 million and choose either a fixed rate or a variable rate – depending on your needs.

With the variable interest rate loan you can offer up everything from property to a personal guarantee as security and you can make extra payments and with no penalties.

Other Products Offered

In addition to the business finance products mentioned above Bank of Melbourne also offer individuals a range of products including personal loans, everyday bank accounts, home loans, credit cards and insurance – just to name a few!

In a Nutshell

  •  Loan minimum $20,000
  •  Loan maximum $1 million
  •  Interest rate 6.56% per annum
  •  Loan term minimum 12 months
  •  Loan term maximum 25 years
  •  Average processing time 72 hours
  •  In-store application
  •  Secured loan option

Extraordinary SME Banking & Finance

One of the only requirements to apply for a small business loan with Bank of Melbourne is that you have a viable business that is registered in Australia.

If you meet this requirement and you’re looking for a business loan in the range of $20,000 and $1 million you can then either call them at any time from Monday to Saturday or visit them in branch to make an application.

Unfortunately, Bank of Melbourne does not currently allow online loan applications and you must either call or visit a local branch to apply.

Choosing a Business Loan to Suit your Needs

They offer everything that a small, medium or large business could possible need to operate and grow from business bank accounts and business supers to business term loans, credit cards and insurance – they have it all.

With such a wide range of available finance solutions for your business, it may be hard to make a decision on which one is right for you and that’s where an experienced Bank of Melbourne consultant will step in to help.

Eligibility & Requirements

Other Products & Services

  • Bank Accounts
  • Credit Cards
  • Business Funding

Contact Details

  •  0291256800
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 Physical Address

  • 53 Martin Place, Sydney, NSW, 2000, Australia

 Postal Address

  • Locked Bag, 20037, Melbourne, 3001, Australia

Opening Hours

  •  Monday 09:30 – 16:00
  •  Tuesday 09:30 – 16:00
  •  Wednesday 09:30 – 16:00
  •  Thursday 09:30 – 16:00
  •  Friday 09:30 – 17:00
  •  Saturday Closed –
  •  Sunday Closed –