ME home loans

4.2
Based on 974 ME home loan product reviews.
Fact Checked

ME - formerly Member’s Equity Bank - is a national bank which was founded in 1994. It is now owned by Bank of Queensland.

ME prides itself on keeping things simple especially when it comes to home loans. You can be assured you won’t find any unnecessary bells and whistles or hidden fees with an ME home loan. There are no ME branches which means you’ll have to apply and manage your home loan wholly online, via the telephone or with the help of a bank manager whom you can organise to meet at a time and place of your convenience.

If you’re comfortable with managing your home loan in this way, an ME home loan could be right for you. This page will give you a run-down on all the stuff you need to know about an ME home loan including any special features to consider, how ME customers rated their homes loans and even what documents you’ll need for the application process.

Or if you’d prefer a mortgage provider with in branch service, head on over to Mozo’s comparison engine and search all home loans here.

Don't forget, ME took home an award in the 2023 Mozo Experts Choice Awards, winning in the Packaged Home Loan category.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 427 home loans using the filters.
Last updated 25 December 2024 Important disclosures and comparison rate warning*
What are your home loan needs?

Your loan-to-value ratio (LVR): 50%

Loan amount and LVR will affect interest rates.

  • Flexible Home Loan

    • Fixed
    • Owner Occupier
    • LVR<60%
    • Principal & Interest
    Interest rate
    5.69 % p.a.
    Fixed 2 years
    Comparison rate
    6.55 % p.a.
    Initial monthly repayment
    $2,899
    No Partner link

  • Flexible Home Loan

    • Fixed
    • Owner Occupier
    • LVR<80%
    • Principal & Interest
    Interest rate
    5.84 % p.a.
    Fixed 2 years
    Comparison rate
    8.08 % p.a.
    Initial monthly repayment
    $2,947
    No Partner link

  • Flexible Home Loan

    • Fixed
    • Investment
    • LVR<80%
    • Principal & Interest
    Interest rate
    5.89 % p.a.
    Fixed 2 years
    Comparison rate
    6.79 % p.a.
    Initial monthly repayment
    $2,962
    No Partner link

  • Flexible Home Loan

    • Fixed
    • Investment
    • LVR<80%
    • Principal & Interest
    Interest rate
    6.04 % p.a.
    Fixed 2 years
    Comparison rate
    8.63 % p.a.
    Initial monthly repayment
    $3,011
    No Partner link

  • Basic Home Loan

    • Owner Occupier
    • LVR<80%
    • Principal and Interest
    • >$150
    • 000
    Interest rate
    6.13 % p.a.
    Variable
    Comparison rate
    6.15 % p.a.
    Initial monthly repayment
    $3,040
    No Partner link

  • Flexible Home Loan

    • Owner Occupier
    • LVR <60%
    • Principal & Interest
    • >$400
    • 000
    Interest rate
    6.14 % p.a.
    Variable
    Comparison rate
    6.53 % p.a.
    Initial monthly repayment
    $3,043
    No Partner link

  • Basic Home Loan

    • Investment
    • LVR<80%
    • Principal and Interest
    • >$400
    • 000
    Interest rate
    6.24 % p.a.
    Variable
    Comparison rate
    6.26 % p.a.
    Initial monthly repayment
    $3,075
    No Partner link

  • Flexible Home Loan

    • Investment
    • LVR<60%
    • Principal & Interest
    • >$400
    • 000
    Interest rate
    6.29 % p.a.
    Variable
    Comparison rate
    6.67 % p.a.
    Initial monthly repayment
    $3,092
    No Partner link

  • Flexible Home Loan

    • Owner Occupier
    • LVR<80%
    • Principal & Interest
    Interest rate
    8.65 % p.a.
    Variable
    Comparison rate
    8.67 % p.a.
    Initial monthly repayment
    $3,898
    No Partner link

  • Flexible Home Loan

    • Investment
    • LVR<80%
    • Principal & Interest
    Interest rate
    9.32 % p.a.
    Variable
    Comparison rate
    9.34 % p.a.
    Initial monthly repayment
    $4,139
    No Partner link

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ME home loan ratings

Overall customer rating for ME home loans

4.2
Based on 974 product reviews.

Customer reviews

Important disclosures

ME products

Home loan quick links


* 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.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.