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ME Bank home loans

ME Bank's overall rating for home loans is

8.2

(as rated by the Mozo community)

ME Bank offers the following home loans

Product Rate Fixed Rate (3 year) Comparison Rate* Initial Minimum Monthly Repayment Total Interest & Fees**
Ultimate Offset Account
7.74% 7.74% $2,264 $379,405
Ultimate Offset Account (Fixed)
7.59% 7.70% $2,235 $377,731
Standard Home Loan (Fixed)
7.59% 7.49% $2,235 $363,447
Interest Only Investment Loan (Fixed)
7.59% 7.49% $2,235 $363,447
Interest Only Investment Loan
7.44% 7.44% $2,205 $361,784
Standard Home Loan
7.44% 7.44% $2,205 $361,784
Ultimate Offset Account (Fixed, Super Members Home Loan)
7.39% 7.32% $2,196 $354,155
Ultimate Offset Account (Super Members Home Loan)
7.29% 7.29% $2,176 $353,047
Standard Home Loan (Fixed, Super Members Home Loan)
7.39% 7.11% $2,196 $340,130
Interest Only Investment Loan (Fixed, Super Members Home Loan)
7.39% 7.11% $2,196 $340,130
Standard Home Loan (Super Members Home Loan)
6.99% 6.99% $2,118 $335,727
Interest Only Investment Loan (Super Members Home Loan)
6.99% 6.99% $2,118 $335,727

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

**Total interest and fees over 25 years

ME Bank aims to provide everyday Australians with innovative, low cost banking services. Originally created as Members Equity to offer low cost home loans to Australian workers, ME Bank now has a broad range of simple, straightforward

and value for money products including home loans, credit cards, personal loans and savings accounts. What’s more, Industry Super Funds members can access special home loans rates with the ME Bank Super Member Home Loans range.

Reviews of ME Bank home loans

A Mozo reviewer from Western Australia, a ME Bank home loan customer. 10Overall Rating
  this product offers no sign up fees and customer service is great. Reviewed about 3 hours ago  
  • 10Pricing
  • 10Product Features
  • 8Customer Service
  • 5Convenience
  • 8Trust
Steve from Tasmania, a ME Bank home loan customer. 5Overall Rating
  ME provides a very competitive home loan and competitive market for other banking products. ME competes exceptionally well against the larger, well named banks. We have been very loyal customers for over 12 years as we like to support the smaller banks, but in doing so, have been quite disappointed with the service we have received on numerous occasions when applying for pre approved home loans. We have had unrealistic time frames set for approval dates as well as no feedback from the mobile lenders which has made the whole process very stressful as we have been the ones who have had to do the follow ups and put pressure on to have the loans approved by settlement dates etc. We have previously responded to surveys, but have received no follow up calls or replies regarding our concerns. We consider ourselves to be valued customers as we have previously had three loans over a million dollars and have never once been late with payments etc. We have had other banks approach us for our business, and, as we will be borrowing again in the near future to finance another property we will certainly be considering our options before we do so. Reviewed 2 days ago  
  • 9Pricing
  • 8Product Features
  • 1Customer Service
  • 6Convenience
  • 3Trust
A Mozo reviewer from Australian Capital Territory, a ME Bank home loan customer. 7Overall Rating
  I like it because of the benefits given to people who contribute to an eligible super fund. Makes you feel like you are being rewarded. I like the low fees and no establishment fee for being a super fund member particularly. I found the service friendlier than the larger banks and feel I get a more personal banking experience. Reviewed 2 days ago  
  • 8Pricing
  • 7Product Features
  • 9Customer Service
  • 7Convenience
  • 9Trust
Samantha from Victoria, a ME Bank home loan customer. 9Overall Rating
  I had nothing but a pleasant experience when we applied for this home loan and would be more than happy to recommend them. The rate was great and the facilities are top notch. Reviewed 14 days ago  
  • 9Pricing
  • 8Product Features
  • 9Customer Service
  • 5Convenience
  • 7Trust
Justin from Tasmania, a ME Bank home loan customer. 8Overall Rating
  Cheaper interest rates, low fees and personalized mobile bank manager to assist at your choice of place and time. ME requires more ATM access in Tasmania though especially for deposit transactions. Reviewed 14 days ago  
  • 8Pricing
  • 8Product Features
  • 7Customer Service
  • 5Convenience
  • 7Trust

How are other ME Bank products rated by the Mozo community?

Product Type Overall Price Features Service Convenience Trust
ME Bank credit cards 7.6 71 REVIEWS 7.8 4.9 7.4 6.5 7.8
ME Bank personal loans 8.5 18 REVIEWS 8.2 6.2 8.5 7.7 8.4
ME Bank bank accounts 8.1 40 REVIEWS 7.8 7.3 8.2 7.2 8.1
ME Bank home loans 8.2 207 REVIEWS 8.3 7.4 8.2 7.1 8.2
ME Bank savings accounts 8.2 103 REVIEWS 8.0 6.9 8.2 7.5 8.3
ME Bank term deposits 9.0 2 REVIEWS 9.0 8.5 9.0 8.0 9.0

Other providers of home loans

With so many different home loans on the market now, it's a tough call to pick the best one. Mozo is Australia's online money info zone, with all the objective information you need to make the right home loan choice. You can find and compare ME Bank home loans with Mozo or check out these other providers.

 

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