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.

3.83% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.18% p.a.

3.83% p.a.

$395.00 yearly

3.18% p.a.

3.97% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.18% p.a.

3.97% p.a.

$395.00 yearly

4.09% p.a.

4.48% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

4.09% p.a.

4.48% p.a.

$395.00 yearly

4.29% p.a.

4.54% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

4.29% p.a.

4.54% p.a.

$395.00 yearly

3.48% p.a.

4.12% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.48% p.a.

4.12% p.a.

$395.00 yearly

3.48% p.a.

4.24% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.48% p.a.

4.24% p.a.

$395.00 yearly

3.69% p.a.

4.49% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.69% p.a.

4.49% p.a.

$395.00 yearly

3.89% p.a.

4.69% p.a.

$395.00 yearly

ME Flexible Home Loan (Fixed, Member Package)

3.89% p.a.

4.69% p.a.

$395.00 yearly

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

Last updated: 6 September 2019.

What's hot:
  • No application fee

  • Free extra repayments up to $30,000

  • Fixed rates from 3.18% (3.83% 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% (3.83% comparison rate*) while investors would receive rates from 3.48% (4.12% 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 18 September 2019. 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% (3.92%*)

  • 3.27% (3.87%*)

  • 3.18% (3.83%*)

  • 3.58% (3.94%*)

  • 3.58% (3.95%*)

  • 5.49% (5.00%*)

  • n/a

  • 3.47% 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

*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 18 September 2019. 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% (4.10%*)

  • 3.27% (4.03%*)

  • 3.18% (3.97%*)

  • 3.58% (4.07%*)

  • 3.58% (4.06%*)

  • 5.49% (5.09%*)

  • 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

  • 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

*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 18 September 2019. 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% (4.48%*)

  • 3.94% (4.45%*)

  • 4.09% (4.48%*)

  • 4.39% (4.58%*)

  • 4.59% (4.69%*)

  • 5.59% (5.31%*)

  • n/a

  • 4.06% 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

*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 18 September 2019. 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% (4.53%*)

  • 4.34% (4.53%*)

  • 4.29% (4.54%*)

  • 4.89% (4.76%*)

  • 5.09% (4.90%*)

  • 6.09% (5.60%*)

  • n/a

  • 4.07% 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

*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 18 September 2019. 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% (4.18%*)

  • 3.58% (4.16%*)

  • 3.48% (4.12%*)

  • 3.88% (4.23%*)

  • 3.88% (4.23%*)

  • 6.29% (5.58%*)

  • n/a

  • 3.77% 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

*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 18 September 2019. 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% (4.34%*)

  • 3.58% (4.30%*)

  • 3.48% (4.24%*)

  • 3.88% (4.34%*)

  • 3.88% (4.34%*)

  • 6.29% (5.66%*)

  • n/a

  • 3.95% 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

*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 18 September 2019. 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% (4.60%*)

  • 3.79% (4.55%*)

  • 3.69% (4.49%*)

  • 3.99% (4.55%*)

  • 3.99% (4.54%*)

  • 6.69% (6.01%*)

  • n/a

  • 4.22% 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

*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 18 September 2019. 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% (4.79%*)

  • 3.99% (4.75%*)

  • 3.89% (4.69%*)

  • 4.19% (4.75%*)

  • 4.19% (4.73%*)

  • 6.89% (6.21%*)

  • n/a

  • 4.42% 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

*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
8.7/10

Based on 902 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
    1/10
    Poorly trained and disinterested staff

    Gave me conflicting and incorrect information consistently.

    Gave me conflicting and incorrect information consistently.

    Price
    3/10
    Features
    4/10
    Customer service
    2/10
    Convenience
    4/10
    Trust
    1/10

    Catherine | Western Australia

    reviewed 10 months ago

  • Overall
    6/10
    I’m looking around

    Probably not the best rate.

    Probably not the best rate.

    Price
    6/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    6/10
    Trust
    6/10

    Dario | Queensland

    reviewed 11 months ago

  • Overall
    10/10
    Wouldn't leave them

    They are great.

    They are great.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Garry | Australian Capital Territory

    reviewed over 3 years ago

  • Overall
    8/10
    Great rates and great members package.

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

    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

    Nigel | New South Wales

    reviewed almost 4 years ago

  • Overall
    10/10
    Exceptional

    They were very helpful considering they didn't have a regular branch in SA. Ready to give advice...

    They were very helpful considering they didn't have a regular branch in SA. Ready to give advice at all times. I sold my house and bought one outright. They assisted me in finalising / payout of house loan.

    Price
    9/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10

    Rita | South Australia

    reviewed almost 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.

See ME home loans

Promoted

ME

ME

Flexible Home Loan (Member Package)

4.51% p.a.

4.91% p.a.

$395.00 yearly

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.03% p.a. variable

3.05% p.a.

$520

Promoted

UBank

UBank

UHomeLoan - Discount Offer

3.09% p.a. variable

3.09% p.a.

$0

Promoted

Athena

Athena

Variable Home Loan

3.09% p.a. variable

3.05% p.a.

$0

Promoted

ME

ME

Flexible Home Loan (Member Package)

3.34% p.a. variable

3.78% p.a.

$200

Promoted

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

3.32% p.a. variable

3.36% p.a.

$0

Promoted

Suncorp

Suncorp

Back to Basics

3.18% p.a. variable

3.19% p.a.

$0

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.99% p.a. variable

3.02% p.a.

$596

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.99% p.a.
fixed 3 years

3.79% p.a.

$450

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.03% p.a.

3.05% p.a.

$520

Promoted

UBank

UBank

UHomeLoan - Discount Offer

3.09% p.a.

3.09% p.a.

$0

Promoted

Athena

Athena

Variable Home Loan

3.09% p.a.

3.05% p.a.

$0

Promoted

ME

ME

Flexible Home Loan (Member Package)

3.34% p.a.

3.78% p.a.

$200

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.99% p.a.

3.02% p.a.

$596

Promoted

HSBC

HSBC

Home Value Loan

3.17% p.a.

3.19% p.a.

$150

Promoted

Suncorp

Suncorp

Back to Basics

3.18% p.a.

3.19% p.a.

$0

Promoted

IMB Bank

IMB Bank

Budget Home Loan

3.31% p.a.

3.37% p.a.

$799

Promoted

UBank

UBank

UHomeLoan (Fixed)

2.99% p.a.
fixed 3 years

3.45% p.a.

$395

Promoted

IMB Bank

IMB Bank

Fixed Home Loan

2.99% p.a.
fixed 3 years

3.51% p.a.

$799

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.99% p.a.
fixed 3 years

3.84% p.a.

$0

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

3.19% p.a.
fixed 3 years

3.43% p.a.

$520

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.99% p.a.
fixed 3 years

4.08% p.a.

$0

Promoted

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

$395

Promoted

Mortgage House

Mortgage House

Fix and Save

n/a

n/a

$840

Promoted

loans.com.au

loans.com.au

Smart Loan Fixed (Package)

3.19% p.a.
fixed 3 years

3.63% p.a.

$520

*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.