ME Flexible Home Loan (Fixed)

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%

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

3.73% p.a.

4.59% p.a.

$0.00

ME Flexible Home Loan (Fixed)

3.73% p.a.

4.59% p.a.

$0.00

3.73% p.a.

4.81% p.a.

$0.00

ME Flexible Home Loan (Fixed)

3.73% p.a.

4.81% p.a.

$0.00

4.24% p.a.

4.95% p.a.

$0.00

ME Flexible Home Loan (Fixed)

4.24% p.a.

4.95% p.a.

$0.00

4.44% p.a.

5.36% p.a.

$0.00

ME Flexible Home Loan (Fixed)

4.44% p.a.

5.36% p.a.

$0.00

4.03% p.a.

5.22% p.a.

$0.00

ME Flexible Home Loan (Fixed)

4.03% p.a.

5.22% p.a.

$0.00

4.03% p.a.

5.43% p.a.

$0.00

ME Flexible Home Loan (Fixed)

4.03% p.a.

5.43% p.a.

$0.00

4.34% p.a.

5.87% p.a.

$0.00

ME Flexible Home Loan (Fixed)

4.34% p.a.

5.87% p.a.

$0.00

Mozo Review   ME Flexible Home Loan (Fixed) Review

Last updated: 27 June 2019.

What's hot:
  • Free extra repayments up to $30,000 during fixed term

  • No upfront application fee

  • Split between fixed and variable rate

What's not:
  • $200 legal fee

  • $200 valuation fee

  • $350 discharge fee

Mozo snapshot:

The ME Flexible Home Loan (Fixed) gives both owner occupiers and investors plenty of choice when it comes to how they want to manage their mortgage. There’s a wide range of options when it comes to term lengths, and you can make free repayments of up to $30,000 over the length of the fixed term.

Key features:

ME Bank’s Flexible Home Loan provides a whole lot of, well, flexibility. Whether you’re an owner occupier or investor, looking to pay principal and interest or just interest, or after a loan with an LVR below 80%, you’ll be able to find something that suits you. Fixed rates are available for 1, 2, 3, 4, 5 and 7 year terms, so there’s no shortage of options available to borrowers. You can also make repayments weekly, fortnightly or monthly, and if you want to pay off your loan faster you’ll be able to make up to $30,000 of free extra repayments over the fixed term.

The mortgage can also be split between a fixed and variable rate, letting you benefit from any rate cuts that might occur while having the certainty of fixed repayments. And though there’s no upfront application fee, there are a few other fees you’ll have to worry about, namely the $200 legal fee, $200 valuation fee, and the $350 discharge fee.

Who it's good for:

With a range of options for both owner occupiers and investors, most people will be able to find a deal that suits them, but owner occupiers will get the best value if they’re taking out a loan of below 80% LVR for a term of 3 years.

Any catches?

You’ll have to be wary of the 4.86% p.a. revert rate which kicks in once the fixed term ends. Make sure you have a plan to refinance or haggle yourself a better deal.

Details

Rates and fees information correct as at 16 July 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

  • 3.78% (4.79%*)

  • 3.58% (4.66%*)

  • 3.73% (4.59%*)

  • 3.93% (4.57%*)

  • 3.93% (4.51%*)

  • 5.64% (5.33%*)

  • n/a

  • 4.86% p.a.

Fees
  • $0.00

  • $200.00

  • $200.00

  • $0.00

  • n/a

  • $0.00

  • $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 16 July 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

  • 3.78% (5.06%*)

  • 3.58% (4.90%*)

  • 3.73% (4.81%*)

  • 3.93% (4.77%*)

  • 3.93% (4.68%*)

  • 5.64% (5.46%*)

  • n/a

  • 5.16% p.a.

Fees
  • $0.00

  • $200.00

  • $200.00

  • $0.00

  • n/a

  • $0.00

  • $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 16 July 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

  • 4.24% (5.10%*)

  • 4.09% (4.99%*)

  • 4.24% (4.95%*)

  • 4.54% (4.98%*)

  • 4.74% (5.02%*)

  • 5.74% (5.52%*)

  • n/a

  • 5.16% p.a.

Fees
  • $0.00

  • $200.00

  • $200.00

  • $0.00

  • n/a

  • $0.00

  • $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 16 July 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

  • 4.74% (5.60%*)

  • 4.49% (5.47%*)

  • 4.44% (5.36%*)

  • 5.04% (5.47%*)

  • 5.24% (5.51%*)

  • 6.24% (6.02%*)

  • n/a

  • 5.66% p.a.

Fees
  • $0.00

  • $200.00

  • $200.00

  • $0.00

  • n/a

  • $0.00

  • $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 16 July 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

  • 4.44% (5.54%*)

  • 4.03% (5.35%*)

  • 4.03% (5.22%*)

  • 4.54% (5.27%*)

  • 4.94% (5.36%*)

  • 6.44% (6.12%*)

  • n/a

  • 5.62% p.a.

Fees
  • $0.00

  • $200.00

  • $200.00

  • $0.00

  • n/a

  • $0.00

  • $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 16 July 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

  • 4.44% (5.81%*)

  • 4.03% (5.59%*)

  • 4.03% (5.43%*)

  • 4.54% (5.47%*)

  • 4.94% (5.54%*)

  • 6.44% (6.25%*)

  • n/a

  • 5.92% p.a.

Fees
  • $0.00

  • $200.00

  • $200.00

  • $0.00

  • n/a

  • $0.00

  • $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 16 July 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

  • 4.54% (6.26%*)

  • 4.44% (6.07%*)

  • 4.34% (5.87%*)

  • 5.14% (5.99%*)

  • 5.34% (5.99%*)

  • 6.84% (6.70%*)

  • n/a

  • 6.42% p.a.

Fees
  • $0.00

  • $200.00

  • $200.00

  • $0.00

  • n/a

  • $0.00

  • $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.

Customer Reviews

How are ME home loans rated by the Mozo community?

Overall customer rating
8.7/10

Based on 901 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)

  • Overall
    9/10
    Excellent fixed rates

    Fantastic fixed rate

    Fantastic fixed rate

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    8/10

    Patricia | Victoria

    reviewed over 3 years ago

  • Overall
    5/10
    Great fixed rate term, great service

    I like this bank. They keep unnecessary mail to a minimum.

    I like this bank. They keep unnecessary mail to a minimum.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    7/10

    Casey | Victoria

    reviewed over 3 years ago

  • Overall
    9/10
    Excellent customer service, easy online website

    Have been with ME for several years. NO complaints

    Have been with ME for several years. NO complaints

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    8/10

    Bec | Australian Capital Territory

    reviewed over 3 years ago

  • Overall
    9/10
    Good rate and excellent customer service

    No cons.

    No cons.

    Price
    8/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Michael | Australian Capital Territory

    reviewed about 4 years ago

  • Overall
    9/10
    Competitive loans.

    Good product.

    Good product.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    8/10

    Louise | Queensland

    reviewed about 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

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ME

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Flexible Home Loan (Member Package)

4.66% p.a.

5.06% p.a.

$395.00 yearly

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ME

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Flexible Home Loan (Fixed, Member Package)

p.a.

4.26% p.a.

$395.00 yearly

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Smart Home Loan

3.03% p.a. variable

3.05% p.a.

$520

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UBank

UBank

UHomeLoan - Discount Offer

3.34% p.a. variable

3.34% p.a.

$0

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ME

ME

Flexible Home Loan (Fixed, Member Package)

3.58% p.a.
fixed 3 years

4.26% p.a.

$200

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Athena

Athena

Variable Home Loan

3.09% p.a. variable

3.05% p.a.

$0

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Bank of Queensland

Bank of Queensland

Fixed Rate

2.99% p.a.
fixed 3 years

4.19% p.a.

$450

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Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

3.49% p.a. variable

3.49% p.a.

$0

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HSBC

HSBC

Home Value Loan

3.47% p.a. variable

3.48% p.a.

$150

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.51% p.a. variable

3.52% p.a.

$0

Promoted

Athena

Athena

Variable Home Loan

3.09% p.a.

3.05% p.a.

$0

Promoted

UBank

UBank

UHomeLoan - Discount Offer

3.34% p.a.

3.34% p.a.

$0

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.99% p.a.

2.99% p.a.

$0

Promoted

Tic:Toc

Tic:Toc

Variable Home Loan

3.07% p.a.

3.08% p.a.

$0

Promoted

HSBC

HSBC

Home Value Loan

3.47% p.a.

3.48% p.a.

$150

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.03% p.a.

3.05% p.a.

$520

Promoted

Bank of Queensland

Bank of Queensland

2 Year Intro Rate Variable Home Loan

3.54% p.a.variable for 24 months and then 4.01% p.a.

4.06% p.a.

$150

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.51% p.a.

3.52% p.a.

$0

Promoted

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

$395

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.99% p.a.
fixed 3 years

4.19% p.a.

$450

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

3.19% p.a.
fixed 3 years

3.43% p.a.

$520

Promoted

ME

ME

Flexible Home Loan (Fixed, Member Package)

3.58% p.a.
fixed 3 years

4.26% p.a.

$200

Promoted

Tic:Toc

Tic:Toc

Fixed Home Loan

n/a

n/a

$0

Promoted

Bank Australia

Bank Australia

Basic Home Loan (Fixed)

3.64% p.a.
fixed 3 years

3.74% p.a.

$0

Promoted

UBank

UBank

UHomeLoan (Fixed)

3.24% p.a.
fixed 3 years

3.70% p.a.

$395

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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.