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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 60%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $40,000 with an LVR below 70%
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 < 60% $40,000
Owner Occupier Principal & Interest 60%-70% $40,000
Owner Occupier Principal & Interest 70%-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 < 60%
    Loan: $40,000
  • Owner Occupier (Principal & Interest)
    LVR 60%-70%
    Loan: $40,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-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
6.14% p.a.
Comparison Rate
6.66% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.14% p.a.
Comparison Rate
6.66% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.14% p.a.
Comparison Rate
6.66% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.34% p.a.
Comparison Rate
6.90% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.99% p.a.
Comparison Rate
8.17% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.59% p.a.
Comparison Rate
6.79% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.44% p.a.
Comparison Rate
7.03% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.64% p.a.
Comparison Rate
7.75% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.44% p.a.
Comparison Rate
7.03% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Fixed 3 year rate
6.64% p.a.
Comparison Rate
7.75% p.a.
Service fee
$395.00 yearly
Upfront fee
$250

Mozo editorial review ME Flexible Home Loan (Fixed, Member Package) - last updated: 5 July 2024

binocular icon
What's hot
  • Fixed rates from 6.14% p.a. (6.66% p.a. comparison rate*)
  • Free extra repayments up to $30,000
  • No application fee
What's not
  • $395 yearly service fee
Mozo snapshot

As the name suggests, the ME Flexible Home Loan (Fixed, Member Package) is all about flexibility, offering owner occupiers and investors a number of competitive fixed rate options on terms from 1 to 5 years, as well as additional features such as repayment flexibility and extra repayments.

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 available. For owner occupiers borrowing less than 80% of the property value, fixed rates start at 6.14% p.a. (6.66% p.a. comparison rate*) for three years, while investors can receive rates from 6.44% p.a. (7.03% p.a. comparison rate*).  

ME allows borrowers to make their repayments on a schedule that suits them, 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 they will be capped at $30,000 during the fixed term period 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 could really add up over the life of the loan! 

Additionally, applications on loan amounts of over $400k could receive between $2,000 and $3,000 cashback (depending on loan size).

Also keep in mind that in addition to the ongoing service fee there is a $250 settlement 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 a good fit for borrowers looking to lock down a solid rate early on in their loan. 

question icon
Any catches

As mentioned above, you'll need to weigh up the fixed rates (which are relatively competitive) and the features which come with the loan against the one-off fees and the annual service fee. 

Details

Rates and fees information correct as at 16 July 2024. 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

6.59% (6.74%*)

6.24% (6.70%*)

6.14% (6.66%*)

6.34% (6.72%*)

6.44% (6.76%*)

n/a

n/a

6.28% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$350.00

Other financial bits

$40,000

none

none

60.00%

Features

Weekly, Fortnightly, Monthly

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

no

no

none

yes

no

none

none

Receive $2,000 cashback when you refinance an existing home loan with a loan size between $400,000 and $700,000. Receive $3,000 cashback when the loan size is $700,000 or greater. LVR < 80%. Apply from 8th September 2023, settle within 120 days.

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 16 July 2024. 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

6.59% (6.74%*)

6.24% (6.70%*)

6.14% (6.66%*)

6.34% (6.72%*)

6.44% (6.76%*)

n/a

n/a

6.28% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$350.00

Other financial bits

$40,000

none

60.00%

70.00%

Features

Weekly, Fortnightly, Monthly

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

no

no

none

yes

no

none

none

Receive $2,000 cashback when you refinance an existing home loan with a loan size between $400,000 and $700,000. Receive $3,000 cashback when the loan size is $700,000 or greater. LVR < 80%. Apply from 8th September 2023, settle within 120 days.

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 16 July 2024. 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

6.59% (6.74%*)

6.24% (6.70%*)

6.14% (6.66%*)

6.34% (6.72%*)

6.44% (6.76%*)

n/a

n/a

6.28% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$350.00

Other financial bits

$40,000

none

70.00%

80.00%

Features

Weekly, Fortnightly, Monthly

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

no

no

none

yes

no

none

none

Receive $2,000 cashback when you refinance an existing home loan with a loan size between $400,000 and $700,000. Receive $3,000 cashback when the loan size is $700,000 or greater. LVR < 80%. Apply from 8th September 2023, settle within 120 days.

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 16 July 2024. 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

6.79% (6.99%*)

6.44% (6.94%*)

6.34% (6.90%*)

6.54% (6.95%*)

6.64% (6.99%*)

n/a

n/a

7.52% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

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 16 July 2024. 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

7.84% (8.49%*)

7.14% (8.31%*)

6.99% (8.17%*)

7.04% (8.09%*)

7.29% (8.12%*)

n/a

n/a

8.16% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

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 16 July 2024. 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

7.09% (6.79%*)

6.79% (6.81%*)

6.59% (6.79%*)

6.99% (6.96%*)

7.19% (7.10%*)

n/a

n/a

6.28% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

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

Receive $2,000 cashback when you refinance an existing home loan with a loan size between $400,000 and $700,000. Receive $3,000 cashback when the loan size is $700,000 or greater. LVR < 80%. Apply from 8th September 2023, settle within 120 days.

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 16 July 2024. 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

6.89% (7.14%*)

6.54% (7.08%*)

6.44% (7.03%*)

6.64% (7.08%*)

6.74% (7.12%*)

n/a

n/a

6.74% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

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

Receive $2,000 cashback when you refinance an existing home loan with a loan size between $400,000 and $700,000. Receive $3,000 cashback when the loan size is $700,000 or greater. LVR < 80%. Apply from 8th September 2023, settle within 120 days.

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 16 July 2024. 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

7.09% (8.00%*)

6.74% (7.87%*)

6.64% (7.75%*)

6.84% (7.74%*)

6.94% (7.72%*)

n/a

n/a

7.70% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

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 16 July 2024. 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

6.89% (7.14%*)

6.54% (7.08%*)

6.44% (7.03%*)

6.64% (7.08%*)

6.74% (7.12%*)

n/a

n/a

6.74% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

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

Receive $2,000 cashback when you refinance an existing home loan with a loan size between $400,000 and $700,000. Receive $3,000 cashback when the loan size is $700,000 or greater. LVR < 80%. Apply from 8th September 2023, settle within 120 days.

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 16 July 2024. 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

7.09% (8.00%*)

6.74% (7.87%*)

6.64% (7.75%*)

6.84% (7.74%*)

6.94% (7.72%*)

n/a

n/a

6.70% p.a.

Fees

$0.00

$0.00

$0.00

$250.00

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
8.3/10
Price
8.4/10
Features
7.7/10
Customer service
8.4/10
Convenience
7.3/10
Trust
8.5/10
Based on 972 ME home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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

About ME

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Unloan

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5.99% p.a. variable

5.90% p.a.

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6.04% p.a. variable

6.06% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

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6.14% p.a. variable

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6.09% p.a. variable

6.09% p.a.

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6.29% p.a. variable

6.20% p.a.

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6.59% p.a.
fixed 3 years

7.06% p.a.

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South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

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5.99% p.a. variable

5.90% p.a.

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Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

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Greater Bank

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6.04% p.a. variable

6.06% p.a.

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6.29% p.a. variable

6.20% p.a.

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ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

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Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

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Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

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Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a.

6.06% p.a.

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Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

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Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

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ING

Fixed Rate Loan

6.09% p.a.
fixed 3 years

6.15% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

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Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% 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.

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