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
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.
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 2.19% (3.30% comparison rate*) while investors would receive rates from 2.79% (3.63% 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.
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.
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.
n/a
n/a
n/a
n/a
2.19% (3.44%*)
2.19% (3.36%*)
2.19% (3.30%*)
2.69% (3.39%*)
2.69% (3.37%*)
5.49% (4.93%*)
n/a
3.07% p.a.
$0.00
$200.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$40,000
none
none
80.00%
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.
n/a
n/a
n/a
n/a
2.39% (3.62%*)
2.49% (3.57%*)
2.59% (3.53%*)
2.69% (3.51%*)
2.69% (3.47%*)
5.49% (4.90%*)
n/a
3.27% p.a.
$0.00
$200.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$40,000
none
80.00%
90.00%
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.
n/a
n/a
n/a
n/a
4.09% (4.12%*)
3.94% (4.13%*)
4.09% (4.19%*)
4.39% (4.33%*)
4.59% (4.46%*)
5.59% (5.13%*)
n/a
3.66% p.a.
$0.00
$200.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$40,000
none
90.00%
95.00%
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.
n/a
n/a
n/a
n/a
3.49% (3.55%*)
3.49% (3.59%*)
3.69% (3.67%*)
3.89% (3.78%*)
3.89% (3.84%*)
6.09% (5.16%*)
n/a
3.67% p.a.
$0.00
$200.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$40,000
none
none
80.00%
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.
n/a
n/a
n/a
n/a
2.89% (3.68%*)
2.79% (3.63%*)
2.89% (3.62%*)
3.28% (3.72%*)
3.28% (3.72%*)
6.29% (5.37%*)
n/a
3.28% p.a.
$0.00
$200.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$40,000
none
none
80.00%
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.
n/a
n/a
n/a
n/a
2.89% (3.83%*)
2.79% (3.76%*)
2.89% (3.62%*)
3.28% (3.82%*)
3.28% (3.81%*)
6.29% (5.44%*)
n/a
3.45% p.a.
$0.00
$200.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$40,000
none
80.00%
90.00%
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.
n/a
n/a
n/a
n/a
3.09% (3.70%*)
2.99% (3.67%*)
3.09% (3.67%*)
3.69% (3.85%*)
3.69% (3.88%*)
6.69% (5.61%*)
n/a
3.49% p.a.
$0.00
$200.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$40,000
none
none
80.00%
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.
n/a
n/a
n/a
n/a
3.29% (3.87%*)
3.19% (3.84%*)
3.29% (3.84%*)
3.89% (4.03%*)
3.89% (4.06%*)
6.89% (5.80%*)
n/a
3.69% p.a.
$0.00
$200.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$40,000
none
none
90.00%
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.
Totally support ME bank for product range and customer service. They are there for you.
Read full reviewTotally support ME bank for product range and customer service. They are there for you.
Me bank are quite good, they passed on most of the rate decrease. Their major downfall is no physical bank locations.
Read full reviewMe bank are quite good, they passed on most of the rate decrease. Their major downfall is no physical bank locations.
Gave me conflicting and incorrect information consistently.
Read full reviewGave me conflicting and incorrect information consistently.
Probably not the best rate.
Read full reviewProbably not the best rate.
They are great.
Read full reviewThey are great.
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.
