Aaron Finch's Melbourne Renegades clinched their first Big Bash League title Sunday after city rivals the Stars imploded during their run chase at the end of the near-two month tournament.

Chasing 146 to win at Docklands Stadium, Glenn Maxwell's men were 93 without loss and cruising before losing an incredible seven wickets for 19 runs.

They finished on 132 for seven, losing the first ever all-Melbourne BBL T20 final by 13 runs.