Finding the best rates…
Bank One
Best available
From 5.43% p.a.
Line-up
30 live products
Compare Bank of China and Bank of Melbourne home loans in March 2026. Bank of China offers rates from 5.43% p.a. across 30 products, while Bank of Melbourne starts at 5.79% p.a. with 145 products. Bank of China currently has the lower rate by 0.36%.
30 live products
Best available rate
Discount Plus Home Loan (With Principal And Interest Repayment) (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.82%
Offset
Included
Redraw
Included
145 live products
Best available rate
Fixed Rate Home Loan (Fixed 1 Yr)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
6.26%
Offset
Not included
Redraw
Included
Live edge
Bank of China is lower on headline home loan rate by 0.36%, which is roughly $150 per month on a $500,000 loan.
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Bank of China | Bank of Melbourne |
|---|---|---|
| Interest rate | 5.43% | 5.79% |
| Comparison rate | 5.82% | 6.26% |
| Offset account | Yes | No |
| Redraw | Yes | Yes |
Every tracked home loans option from Bank of China.
Every tracked home loans option from Bank of Melbourne.
Bank of China's lowest variable rate is 5.43% p.a. (comparison rate 5.82%) while Bank of Melbourne starts at 5.79% p.a. (comparison rate 6.26%). Bank of China is 0.36% lower, which saves approximately $150/month on a $500,000 loan.
Key features: Bank of China includes offset, Bank of China includes redraw, Bank of Melbourne includes redraw.
| Feature | Bank of China | Bank of Melbourne |
|---|---|---|
| Interest Rate | 5.43% | 5.79% |
| Comparison Rate | 5.82% | 6.26% |
| Offset Account | Yes | No |
| Redraw Facility | Yes | Yes |
Common Questions
Bank of China currently offers the lower variable rate at 5.43% p.a. compared to 5.79% p.a. Always check the comparison rate for a true cost picture.
Bank of China offers an offset account. Bank of Melbourne does not include an offset account.
Bank of China's lowest variable rate is 5.43% p.a. (comparison rate 5.82%) on the Discount Plus Home Loan (With Principal And Interest Repayment) (Variable).
Bank of Melbourne's lowest variable rate is 5.79% p.a. (comparison rate 6.26%) on the Fixed Rate Home Loan (Fixed 1 Yr).
Bank Two
Best available
From 5.79% p.a.
Line-up
145 live products
| Annual Fee | $395 | $395 |
Bank of China currently offers a 0.36% lower home loan rate.
Keep Comparing
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