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ME Flexible Home Loan (Fixed, Member Package)

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $40,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $40,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $40,000 with an LVR below 95%

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

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $40,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $40,000

  • Owner Occupier (Principal & Interest)

    LVR 90%-95%

    Loan: $40,000

  • 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

Fixed 3 year rate
2.19% p.a.
Comparison Rate
3.30% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Fixed 3 year rate
2.59% p.a.
Comparison Rate
3.53% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Fixed 3 year rate
4.09% p.a.
Comparison Rate
4.19% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Fixed 3 year rate
3.69% p.a.
Comparison Rate
3.67% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Fixed 3 year rate
2.89% p.a.
Comparison Rate
3.62% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Fixed 3 year rate
2.89% p.a.
Comparison Rate
3.62% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Fixed 3 year rate
3.09% p.a.
Comparison Rate
3.67% p.a.
Service fee
$395.00 yearly
Upfront fee
$200
Fixed 3 year rate
3.29% p.a.
Comparison Rate
3.84% p.a.
Service fee
$395.00 yearly
Upfront fee
$200

Mozo editorial review ME Flexible Home Loan (Fixed, Member Package)

Last updated: 26 August 2020.

binocular icon
What's hot
  • No application fee
  • Free extra repayments up to $30,000
  • Fixed rates from 2.19% (3.30% comparison rate*)
What's not
  • $395 yearly service fee
Mozo snapshot

The ME Flexible Home Loan (Fixed, Member Package) offers a range of fixed rate terms from 1 to 7 years, with options for both owner occupiers and investors. Borrowers could really save when they first take out their loan, as there are no application, valuation or settlement fees with the ME Member Package. But wait, that’s not all! As the name suggests, the ME Flexible Home Loan (Fixed, Member Package) has flexible weekly, fortnightly or monthly repayment options and free extra repayments of up to $30,000 over your fixed term.

key icon
Key features

ME Bank’s Flexible Home Loan (Fixed, Member Package) has a bunch of borrowing choices for owner occupiers and investors alike, with both principal and interest and interest only repayment options. For owner occupiers borrowing less than 80% of the property value, they could benefit from fixed rates starting at 2.19% (3.30% comparison rate*) while investors would receive rates from 2.79% (3.63% comparison rate*).  

With this home loan, ME allows borrowers to pay on the schedule they want, with the option to make repayments on a weekly, fortnightly or monthly basis. Not only that, there are free extra repayments with the ME Flexible Home Loan (Fixed, Member Package), but keep in mind it is capped at $30,000 and is only during the fixed term of your loan.

The addition of the Member Package to the ME Flexible Home Loan (Fixed), means you receive a lower fixed and variable rate and won’t pay any application, valuation, settlement or top-up fees. However, when you add the package, while you may be saving on interest and other upfront fees, there is a $395 ongoing annual service fee, which over the life of your loan, could really stack up! 

Also keep in mind, in addition to the service fee there is a $200 legal fee at the beginning of the loan and a $350 discharge fee once you’ve paid out your mortgage completely. 

snapshot
Who is it good for

ME Bank’s Flexible Home Loan (Fixed, Members Package) could be good for a borrower looking to lock down a solid rate early on in their loan and are looking to save on a range of fees.

snapshot
Any catches

There are a few fees attached at the beginning, throughout and at the end of the life of this home loan. ME Bank charge a $200 legal fee, a $395 yearly service fee and a $350 discharge fee.

Details

Rates and fees information correct as at 31 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.19% (3.44%*)

  • 2.19% (3.36%*)

  • 2.19% (3.30%*)

  • 2.69% (3.39%*)

  • 2.69% (3.37%*)

  • 5.49% (4.93%*)

  • n/a

  • 3.07% p.a.

Fees
  • $0.00

  • $200.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $40,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 during fixed rate period

  • no

  • no

  • none

  • yes

  • 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.

Details

Rates and fees information correct as at 31 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.39% (3.62%*)

  • 2.49% (3.57%*)

  • 2.59% (3.53%*)

  • 2.69% (3.51%*)

  • 2.69% (3.47%*)

  • 5.49% (4.90%*)

  • n/a

  • 3.27% p.a.

Fees
  • $0.00

  • $200.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $40,000

  • none

  • 80.00%

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 during fixed rate period

  • no

  • no

  • none

  • yes

  • 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.

Details

Rates and fees information correct as at 31 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 4.09% (4.12%*)

  • 3.94% (4.13%*)

  • 4.09% (4.19%*)

  • 4.39% (4.33%*)

  • 4.59% (4.46%*)

  • 5.59% (5.13%*)

  • n/a

  • 3.66% p.a.

Fees
  • $0.00

  • $200.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $40,000

  • none

  • 90.00%

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 during fixed rate period

  • no

  • no

  • none

  • yes

  • 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.

Details

Rates and fees information correct as at 31 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.49% (3.55%*)

  • 3.49% (3.59%*)

  • 3.69% (3.67%*)

  • 3.89% (3.78%*)

  • 3.89% (3.84%*)

  • 6.09% (5.16%*)

  • n/a

  • 3.67% p.a.

Fees
  • $0.00

  • $200.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $40,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 during fixed rate period

  • no

  • no

  • none

  • yes

  • 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.

Details

Rates and fees information correct as at 31 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% (3.68%*)

  • 2.79% (3.63%*)

  • 2.89% (3.62%*)

  • 3.28% (3.72%*)

  • 3.28% (3.72%*)

  • 6.29% (5.37%*)

  • n/a

  • 3.28% p.a.

Fees
  • $0.00

  • $200.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $40,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 during fixed rate period

  • no

  • no

  • none

  • yes

  • 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.

Details

Rates and fees information correct as at 31 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% (3.83%*)

  • 2.79% (3.76%*)

  • 2.89% (3.62%*)

  • 3.28% (3.82%*)

  • 3.28% (3.81%*)

  • 6.29% (5.44%*)

  • n/a

  • 3.45% p.a.

Fees
  • $0.00

  • $200.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $40,000

  • none

  • 80.00%

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 during fixed rate period

  • no

  • no

  • none

  • yes

  • 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.

Details

Rates and fees information correct as at 31 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.09% (3.70%*)

  • 2.99% (3.67%*)

  • 3.09% (3.67%*)

  • 3.69% (3.85%*)

  • 3.69% (3.88%*)

  • 6.69% (5.61%*)

  • n/a

  • 3.49% p.a.

Fees
  • $0.00

  • $200.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $40,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 during fixed rate period

  • no

  • no

  • none

  • yes

  • 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.

Details

Rates and fees information correct as at 31 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.29% (3.87%*)

  • 3.19% (3.84%*)

  • 3.29% (3.84%*)

  • 3.89% (4.03%*)

  • 3.89% (4.06%*)

  • 6.89% (5.80%*)

  • n/a

  • 3.69% p.a.

Fees
  • $0.00

  • $200.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $40,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 during fixed rate period

  • no

  • no

  • none

  • yes

  • 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.

Customer Reviews

How are ME home loans rated by the Mozo community?

Overall
8.5/10

Based on 933 ME home loan reviews

Price
8.5/10
Features
7.8/10
Customer service
8.5/10
Convenience
7.4/10
Trust
8.6/10

Latest reviews of ME Flexible Home Loan (Fixed, Member Package)

  • Overall 10/10
    Excellent

    Totally support ME bank for product range and customer service. They are there for you.

    Read full review

    Totally support ME bank for product range and customer service. They are there for you.

    Price
    10/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    5/10
    Trust
    10/10
    Less
    Alma, Northern Territory reviewed 7 months ago
  • Overall 7/10
    Would definitely recommend to a new home buyer

    Me bank are quite good, they passed on most of the rate decrease. Their major downfall is no physical bank locations.

    Read full review

    Me bank are quite good, they passed on most of the rate decrease. Their major downfall is no physical bank locations.

    Price
    7/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    1/10
    Trust
    6/10
    Less
    Ben, New South Wales reviewed about 1 year ago
  • Overall 1/10
    Poorly trained and disinterested staff

    Gave me conflicting and incorrect information consistently.

    Read full review

    Gave me conflicting and incorrect information consistently.

    Price
    3/10
    Features
    4/10
    Customer service
    2/10
    Convenience
    4/10
    Trust
    1/10
    Less
    Catherine, Western Australia reviewed almost 2 years ago
  • Overall 6/10
    I’m looking around

    Probably not the best rate.

    Read full review

    Probably not the best rate.

    Price
    6/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    6/10
    Trust
    6/10
    Less
    Dario, Queensland reviewed about 2 years ago
  • Overall 10/10
    Wouldn't leave them

    They are great.

    Read full review

    They are great.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Garry, Australian Capital Territory reviewed almost 5 years ago
ME

About ME

ME stands for a new kind of banking - one that's fairer, more transparent and is committed to great deals for its customers. ME was created by Australia's leading super funds and has award-winning home loans and term deposits, low-cost savings accounts, country-wide ATM access and banking experts that come to you at your convenience.

See ME home loans

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2.48% p.a. variable

2.50% p.a.

HSBC

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2.29% p.a.
fixed 3 years

2.95% p.a.

Athena

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AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

UBank

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UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Suncorp

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Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Bank of Queensland

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Economy

2.59% p.a. variable

2.76% p.a.

IMB Bank

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Budget Home Loan

2.61% p.a. variable

2.67% p.a.

AMP Bank

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Variable Rate Loan (Professional Package)

2.59% p.a. variable

3.00% p.a.

loans.com.au

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Smart Home Loan

2.48% p.a.

2.50% p.a.

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a.

2.67% p.a.

AMP Bank

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Variable Rate Loan (Professional Package)

2.59% p.a.

3.00% p.a.

loans.com.au

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n/a

n/a

HSBC

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2.29% p.a.
fixed 3 years

2.95% p.a.

Homestar

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2.06% p.a.
fixed 3 years

2.38% p.a.

UBank

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UHomeLoan (1 Year Fixed)

n/a

n/a

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2.49% p.a.
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3.28% p.a.

Bank of Queensland

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2.25% p.a.
fixed 3 years

3.41% p.a.

IMB Bank

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fixed 3 years

3.08% p.a.

AMP Bank

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2.49% p.a.
fixed 3 years

3.07% p.a.

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.