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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $40,000 | |
| | Owner Occupier | Principal & Interest | 80%-90% | $40,000 | |
| | Owner Occupier | Principal & Interest | 90%-95% | $40,000 | |
| | 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
-
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
ME Flexible Home Loan (Fixed, Member Package)
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
3.18% p.a.
3.86% p.a.
$395.00 yearly
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
4.09% p.a.
4.37% p.a.
$395.00 yearly
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
4.29% p.a.
4.43% p.a.
$395.00 yearly
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
3.28% p.a.
3.90% p.a.
$395.00 yearly
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
3.28% p.a.
4.01% p.a.
$395.00 yearly
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
3.69% p.a.
4.15% p.a.
$395.00 yearly
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
3.89% p.a.
4.34% p.a.
$395.00 yearly
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 13 November 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% (3.79%*)
-
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
Details
Rates and fees information correct as at 13 November 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% (3.95%*)
-
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
Details
Rates and fees information correct as at 13 November 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% (4.34%*)
-
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
Details
Rates and fees information correct as at 13 November 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% (4.40%*)
-
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
Details
Rates and fees information correct as at 13 November 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% (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
Details
Rates and fees information correct as at 13 November 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% (4.12%*)
-
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
Details
Rates and fees information correct as at 13 November 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% (4.17%*)
-
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
Details
Rates and fees information correct as at 13 November 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% (4.37%*)
-
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
Customer Reviews
How are ME home loans rated by the Mozo community?
Latest reviews of ME Flexible Home Loan (Fixed, Member Package)
- Overall7/10
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...
Read full review
Me bank are quite good, they passed on most of the rate decrease. Their major downfall is no physical bank locations.
Price7/10Features6/10Customer service9/10Convenience1/10Trust6/10Less
Ben | New South Wales
reviewed 15 days ago
- Overall1/10
Poorly trained and disinterested staff
Gave me conflicting and incorrect information consistently.
Read full review
Gave me conflicting and incorrect information consistently.
Price3/10Features4/10Customer service2/10Convenience4/10Trust1/10Less
Catherine | Western Australia
reviewed about 1 year ago
- Overall6/10
I’m looking around
Probably not the best rate.
Read full review
Probably not the best rate.
Price6/10Features5/10Customer service5/10Convenience6/10Trust6/10Less
Dario | Queensland
reviewed about 1 year ago
- Overall10/10
Wouldn't leave them
They are great.
Read full review
They are great.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Garry | Australian Capital Territory
reviewed almost 4 years ago
- Overall8/10
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.
Price10/10Features10/10Customer service7/10Convenience6/10Trust8/10Less
Nigel | New South Wales
reviewed about 4 years ago
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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