ME Flexible Home Loan (Fixed, Member Package)

This product is available in different versions. Pick the right version for you here.

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

3.18% p.a.

3.72% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.18% p.a.

3.72% p.a.

$395.00 yearly

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3.18% p.a.

3.86% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.18% p.a.

3.86% p.a.

$395.00 yearly

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4.09% p.a.

4.37% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

4.09% p.a.

4.37% p.a.

$395.00 yearly

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4.29% p.a.

4.43% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

4.29% p.a.

4.43% p.a.

$395.00 yearly

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3.28% p.a.

3.90% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.28% p.a.

3.90% p.a.

$395.00 yearly

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3.28% p.a.

4.01% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.28% p.a.

4.01% p.a.

$395.00 yearly

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3.69% p.a.

4.15% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.69% p.a.

4.15% p.a.

$395.00 yearly

Mozo Review
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3.89% p.a.

4.34% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.89% p.a.

4.34% p.a.

$395.00 yearly

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Mozo Review
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Mozo Review   ME Flexible Home Loan (Fixed, Member Package) Review

Last updated: 24 October 2019.

What's hot:

  • No application fee

  • Free extra repayments up to $30,000

  • Fixed rates from 3.18% (3.72% 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 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 3.18% (3.72% comparison rate*) while investors would receive rates from 3.28% (3.90% 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. 

Who it's 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.

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 17 January 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

  • 3.63% (3.79%*)

  • 2.88% (3.68%*)

  • 3.18% (3.72%*)

  • 3.18% (3.71%*)

  • 2.99% (3.63%*)

  • 5.49% (4.93%*)

  • n/a

  • 3.32% 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 17 January 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

  • 3.63% (3.95%*)

  • 2.88% (3.83%*)

  • 3.18% (3.86%*)

  • 3.18% (3.83%*)

  • 2.99% (3.74%*)

  • 5.49% (5.01%*)

  • n/a

  • 3.52% 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 17 January 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% (4.34%*)

  • 3.94% (4.33%*)

  • 4.09% (4.37%*)

  • 4.39% (4.49%*)

  • 4.59% (4.60%*)

  • 5.59% (5.24%*)

  • n/a

  • 3.91% 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 17 January 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

  • 4.59% (4.40%*)

  • 4.34% (4.41%*)

  • 4.29% (4.43%*)

  • 4.89% (4.67%*)

  • 5.09% (4.82%*)

  • 6.09% (5.53%*)

  • n/a

  • 3.92% 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 17 January 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

  • 3.68% (3.98%*)

  • 3.18% (3.90%*)

  • 3.28% (3.90%*)

  • 3.28% (3.88%*)

  • 3.28% (3.86%*)

  • 6.29% (5.31%*)

  • n/a

  • 3.53% 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 17 January 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

  • 3.68% (4.12%*)

  • 3.18% (4.03%*)

  • 3.28% (4.01%*)

  • 3.28% (3.98%*)

  • 3.28% (3.95%*)

  • 6.29% (5.55%*)

  • n/a

  • 3.70% 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 17 January 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

  • 3.89% (4.17%*)

  • 3.79% (4.17%*)

  • 3.69% (4.15%*)

  • 3.99% (4.24%*)

  • 3.99% (4.26%*)

  • 6.69% (5.80%*)

  • n/a

  • 3.74% 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 17 January 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% (4.37%*)

  • 3.99% (4.36%*)

  • 3.89% (4.34%*)

  • 4.19% (4.44%*)

  • 4.19% (4.46%*)

  • 6.89% (6.01%*)

  • n/a

  • 3.94% 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 customer rating
8.6/10

Based on 911 ME home loan reviews

Price
8.6/10
Features
7.9/10
Customer service
8.6/10
Convenience
7.5/10
Trust
8.7/10

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

  • 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 3 months 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 about 1 year 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 over 1 year 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 about 4 years ago
  • Overall 8/10
    Great rates and great members package.

    Great rates and member package. Came to us rather than us chasing them.

    Read full review

    Great rates and member package. Came to us rather than us chasing them.

    Price
    10/10
    Features
    10/10
    Customer service
    7/10
    Convenience
    6/10
    Trust
    8/10
    Less
    Nigel, New South Wales reviewed about 4 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.

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*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.

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