Loan Special for Property Investors and First Home Buyers
For loans with 80-85% LVR, Bank of Melbourne will refund the Lenders Mortgage Insurance!
In addition to the best in market 'Life of Loan' discounts campaign (up to 1.00% p.a. off the Standard Variable rate), Bank of Melbourne has a further limited time only offer where for applications lodged between the 15th February 2012 and 31st March 2012, Bank of Melbourne will refund the customer the cost of their Lenders Mortgage Insurance for new loans and increases between 80-85% LVR. This offer can be used in conjunction with the recent Life of Loan discounts campaign.
Please note: Customers wishing to capitalise the LMI must ensure the total borrowing amount (inclusive of LMI) is between 80-85% LVR to be eligible for this promotion.