The details shown below are for an owner occupier taking out a principal & interest loan between $40,000 and $149,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $40,000 and $149,999 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a interest only loan of at least $40,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $40,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $40,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $40,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan of at least $40,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Owner Occupier | Principal & Interest | < 80% | $40,000 | $149,999 |
|
|
Owner Occupier | Principal & Interest | < 80% | $150,000 | |
|
|
Owner Occupier | Principal & Interest | 80%-95% | $40,000 | $149,999 |
|
|
Owner Occupier | Principal & Interest | 90%-95% | $150,000 | |
|
|
Owner Occupier | Principal & Interest | 80%-90% | $150,000 | |
|
|
Owner Occupier | Interest Only | < 80% | $40,000 | |
|
|
Investor | Principal & Interest | < 80% | $40,000 | |
|
|
Investor | Principal & Interest | 80%-90% | $40,000 | |
|
|
Investor | Interest Only | < 80% | $40,000 | |
|
|
Investor | Interest Only | < 90% | $40,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $40,000 $149,999
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $40,000 $149,999
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $150,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $40,000
Investor (Principal & Interest)
LVR < 80%
Loan: $40,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $40,000
Investor (Interest Only)
LVR < 80%
Loan: $40,000
Investor (Interest Only)
LVR < 90%
Loan: $40,000
If you’ve been searching for a low-cost yet flexible home loan, then ME’s Basic Home Loan could be the one for you. It has competitive variable rates starting from 2.83% p.a. (2.85% p.a. comparison rate*) and plenty of features like extra repayments and a redraw facility with minimal extra fees suitable for any home loan seeker.
ME’s Basic Home Loan has a range of options for owner occupiers and investors alike, with both principal and interest and interest-only options. The lowest variable rate is 2.83% p.a. (2.85% p.a. comparison rate*) for owner occupiers borrowing more than $150,000 and 3.53% p.a. (3.55% p.a. comparison rate*) for investors. However, those rates are only available to borrowers with a loan-to-value ratio (LVR) of 80% or less.
If your LVR is greater than 80% there are also a number of other options available to you, but these will come with highest interest rates.
This home loan allows you to make repayments at your own speed with the the flexibility to choose between weekly, fortnightly and even monthly repayments as well as the option to make extra repayments without any extra cost. Additionally, if you do need access to some additional cash while you’re paying off this loan and need to redraw some of those repayments you've already made, you can do so for free using the redraw facility! Just bear in mind that the minimum withdrawal amount is $500.
Another notable bonus of this loan is the ability to take a break if you’re ahead on your repayments with the repayment holiday feature. Holidays aren’t forever, but they give you the time to regroup, refresh and get back on track.
Additionally, applications on loan amounts of $250k or more with a maximum LVR of 80% lodged before 30 May 2022 are eligible for ME's $3000 cashback offer.
While ME’s Basic Home Loan has many great features, it doesn’t offer an offset account or the ability to split your loan. Similarly, there are a few additional costs to keep an eye out for, such as the legal ($200), valuation ($200) and discharge fees ($350).
The Basic Home Loan from ME could be a smart choice for anyone looking for a flexible, low-cost home loan with a range of fabulous features like repayment redraw and holiday, minimal fees and low variable rates.
If an offset account feature is something you need in a home loan, then the Basic Home Loan may not be the best option for you.
|
4.36% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
4.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$40,000 |
|
|
$149,999 |
|
|
none |
|
|
80.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
2.83% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.85% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 30 May 2022 and settle by 31 August 2022. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
4.71% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
4.73% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$40,000 |
|
|
$149,999 |
|
|
80.00% |
|
|
95.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
3.77% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.79% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
none |
|
|
90.00% |
|
|
95.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 30 May 2022 and settle by 31 August 2022. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
3.24% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.26% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$150,000 |
|
|
none |
|
|
80.00% |
|
|
90.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
4.42% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
4.41% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 30 May 2022 and settle by 31 August 2022. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
3.53% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.55% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 30 May 2022 and settle by 31 August 2022. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
3.70% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.73% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$40,000 |
|
|
none |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
3.74% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.49% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 30 May 2022 and settle by 31 August 2022. |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
3.94% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.82% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$200.00 |
|
|
$200.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$350.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
90.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
yes |
|
|
yes - free |
|
|
$500.00 |
|
|
no |
|
|
no |
|
|
none |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
They take an incredible amount of time to deal with any small request. The time between aplying for the home loan and getting it was nearly 6 months, then they still wanted more money, which I offered in the first place! I took my business elsewhere and they had me set up within 2 weeks with no issues.
Read full reviewThey take an incredible amount of time to deal with any small request. The time between aplying for the home loan and getting it was nearly 6 months, then they still wanted more money, which I offered in the first place! I took my business elsewhere and they had me set up within 2 weeks with no issues.
The worst bank to deal with, always 5 days behind, sending messages after loans have been completed. They are the most annoying bank to deal with, started well but anytime you need answers they always seem to mess it up.
Read full reviewThe worst bank to deal with, always 5 days behind, sending messages after loans have been completed. They are the most annoying bank to deal with, started well but anytime you need answers they always seem to mess it up.
ME Customer service is terrible, incostistent, unreliable. Keep away!
Read full reviewME Customer service is terrible, incostistent, unreliable. Keep away!
Mebank approved us three (3) times for a home loan before our house sold. Now they decided not to give us the loan. The figures are the same. We've sold a big two storey house for rent be on the flat. Thanks for the letter confirming our not getting a loan. MeBank ridiculous bank I've ever come across. I will tell everyone far and wide how awful, and terrible your service was to us. Mebank took ages each time we approached you. We lost three houses because our house didn't sell and when we finally sell our home you declined our loan.
Read full reviewMebank approved us three (3) times for a home loan before our house sold. Now they decided not to give us the loan. The figures are the same. We've sold a big two storey house for rent be on the flat. Thanks for the letter confirming our not getting a loan. MeBank ridiculous bank I've ever come across. I will tell everyone far and wide how awful, and terrible your service was to us. Mebank took ages each time we approached you. We lost three houses because our house didn't sell and when we finally sell our home you declined our loan.
Completely untrustworthy. Freezing “available funds” (my savings) without any notice and unauthorised withdrawals. Despite informing the bank of the issues and me not being able access my own “savings”, the bank refuses to refund my money, based on “bank policies”. They have been on the news recently regarding similar issues, but talked themselves out of it. Slow service (5 working days to respond to email).
Read full reviewCompletely untrustworthy. Freezing “available funds” (my savings) without any notice and unauthorised withdrawals. Despite informing the bank of the issues and me not being able access my own “savings”, the bank refuses to refund my money, based on “bank policies”. They have been on the news recently regarding similar issues, but talked themselves out of it. Slow service (5 working days to respond to email).
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a. variable
2.46% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a. variable
3.35% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a. variable
2.46% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a. variable
3.35% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a.
2.46% p.a.
Qudos Bank
Fixed Rate Home Loan
4.19% p.a.
fixed 3 years
3.11% p.a.
Heritage Bank
Fixed Rate Loan (Home Advantage)
4.49% p.a.
fixed 3 years
3.50% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a.
2.46% p.a.
$0.00
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a.
3.35% p.a.
$395.00 yearly
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
