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ME Flexible Home Loan (Fixed)

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 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

  • 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

Fixed 3 year rate
2.34% p.a.
Comparison Rate
3.84% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
2.34% p.a.
Comparison Rate
4.05% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
4.24% p.a.
Comparison Rate
4.55% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
3.84% p.a.
Comparison Rate
4.21% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
3.04% p.a.
Comparison Rate
4.55% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
3.04% p.a.
Comparison Rate
4.77% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
3.24% p.a.
Comparison Rate
4.61% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
3.44% p.a.
Comparison Rate
4.87% p.a.
Service fee
$0.00
Upfront fee
$400

Mozo editorial review ME Flexible Home Loan (Fixed)

Last updated: 26 March 2020.

binocular icon
What's hot
  • Free extra repayments up to $30,000 during fixed term
  • No upfront or ongoing fee
  • Split between fixed and variable rate
What's not
  • $200 legal 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 icon
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 although there’s no upfront application or ongoing 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.

snapshot
Who is it 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 5 years. This home loan is also a great choice for those looking for flexibility when it comes to making repayments.

snapshot
Any catches

You’ll have to be wary of the 4.31% 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 27 November 2020. 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

  • 2.34% (4.16%*)

  • 2.34% (3.99%*)

  • 2.34% (3.84%*)

  • 2.84% (3.85%*)

  • 2.84% (3.75%*)

  • 5.64% (5.08%*)

  • n/a

  • 4.31% 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

  • 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 27 November 2020. 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

  • 2.34% (4.43%*)

  • 2.34% (4.23%*)

  • 2.34% (4.05%*)

  • 2.84% (4.05%*)

  • 2.84% (3.93%*)

  • 5.64% (5.21%*)

  • n/a

  • 4.61% 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

  • 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 27 November 2020. 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% (4.61%*)

  • 4.09% (4.55%*)

  • 4.24% (4.55%*)

  • 4.54% (4.62%*)

  • 4.74% (4.70%*)

  • 5.74% (5.27%*)

  • n/a

  • 4.61% 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

  • 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 27 November 2020. 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

  • 3.64% (4.27%*)

  • 3.64% (4.21%*)

  • 3.84% (4.21%*)

  • 4.04% (4.24%*)

  • 4.04% (4.22%*)

  • 6.24% (5.41%*)

  • n/a

  • 5.11% 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

  • 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 27 November 2020. 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

  • 3.04% (4.91%*)

  • 2.94% (4.71%*)

  • 3.04% (4.55%*)

  • 3.43% (4.54%*)

  • 3.43% (4.43%*)

  • 6.44% (5.88%*)

  • n/a

  • 5.07% 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

  • 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 27 November 2020. 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

  • 3.04% (5.18%*)

  • 2.94% (4.95%*)

  • 3.04% (4.77%*)

  • 3.43% (4.74%*)

  • 3.43% (4.60%*)

  • 6.44% (6.01%*)

  • n/a

  • 5.37% 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

  • 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 27 November 2020. 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

  • 3.24% (4.92%*)

  • 3.14% (4.74%*)

  • 3.24% (4.61%*)

  • 3.84% (4.67%*)

  • 3.84% (4.58%*)

  • 6.84% (6.09%*)

  • n/a

  • 5.87% 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

  • 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 27 November 2020. 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

  • 3.44% (5.20%*)

  • 3.34% (5.01%*)

  • 3.44% (4.87%*)

  • 4.04% (4.93%*)

  • 4.04% (4.84%*)

  • 7.04% (6.34%*)

  • n/a

  • 6.07% p.a.

Fees
  • $0.00

  • $200.00

  • $200.00

  • $0.00

  • n/a

  • $0.00

  • $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
8.5/10

Based on 934 ME home loan reviews

Price
8.5/10
Features
7.8/10
Customer service
8.5/10
Convenience
7.4/10
Trust
8.6/10

Latest reviews of ME Flexible Home Loan (Fixed)

  • Overall 7/10
    Great customer service, efficient and helpful.

    All interaction with ME service officers have been helpful and good. Being an online bank, there is no branch we can go to if the need arises. The online servicing is mostly wonderful, however the lack of physical branches can be challenging if there are planned or unplanned system outages or issues with service.

    Read full review

    All interaction with ME service officers have been helpful and good. Being an online bank, there is no branch we can go to if the need arises. The online servicing is mostly wonderful, however the lack of physical branches can be challenging if there are planned or unplanned system outages or issues with service.

    Price
    7/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    5/10
    Trust
    8/10
    Less
    Mel, New South Wales reviewed 9 days ago
  • Overall 4/10
    Terrible communication.

    Initial loan set up etc was great. But now 5 years into the loan it's quite different. Because they didn't take my payment out for loan for a number of weeks (their fault, not ours), my end on statement looked like it was fine. Anyway they took all my extra/advance payment out to cover as well as taking money out of savings, leaving us short. It was their fault (we had auto payments set up) this happened. But in the end we owed the money and had to catch up on payments. Which we did. But after me ringing over and over, asking for explanations on what happened. I finally got the info, but after taking many weeks. Even after filing a complaint they never did anything. But what got me more angry was that there was no communication with what happened. They took it on themselves to go into our accounts and take out the money owed. No contact at all. We should be more advanced on our home loan. Because of their mistake we are thousands behind. I also sent an email asking them to stop loan payments during Covid. No response. So the communication is terrible. If I get an opportunity to change banks I would just because of this.

    Read full review

    Initial loan set up etc was great. But now 5 years into the loan it's quite different. Because they didn't take my payment out for loan for a number of weeks (their fault, not ours), my end on statement looked like it was fine. Anyway they took all my extra/advance payment out to cover as well as taking money out of savings, leaving us short. It was their fault (we had auto payments set up) this happened. But in the end we owed the money and had to catch up on payments. Which we did. But after me ringing over and over, asking for explanations on what happened. I finally got the info, but after taking many weeks. Even after filing a complaint they never did anything. But what got me more angry was that there was no communication with what happened. They took it on themselves to go into our accounts and take out the money owed. No contact at all. We should be more advanced on our home loan. Because of their mistake we are thousands behind. I also sent an email asking them to stop loan payments during Covid. No response. So the communication is terrible. If I get an opportunity to change banks I would just because of this.

    Price
    7/10
    Features
    5/10
    Customer service
    3/10
    Convenience
    6/10
    Trust
    3/10
    Less
    Natalie, New South Wales reviewed about 1 month ago
  • Overall 9/10
    Excellent fixed rates

    Fantastic fixed rate

    Read full review

    Fantastic fixed rate

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Patricia, Victoria reviewed over 4 years ago
  • Overall 5/10
    Great fixed rate term, great service

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

    Read full review

    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
    Less
    Casey, Victoria reviewed almost 5 years ago
  • Overall 9/10
    Excellent customer service, easy online website

    Have been with ME for several years. NO complaints

    Read full review

    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
    Less
    Bec, Australian Capital Territory reviewed about 5 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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AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

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2.34% p.a. variableApply now to get this rate from 29 Nov

2.34% p.a.Apply now to get this rate from 29 Nov

Suncorp

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1.99% p.a.
fixed 3 years

2.90% p.a.

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2.09% p.a.
fixed 3 years

3.01% p.a.

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fixed 3 years

2.36% p.a.

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The Works Home Loan

1.99% p.a.variable for 24 months and then 2.50% p.a. variable

2.93% p.a.

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Smart Home Loan

2.48% p.a. variable

2.50% p.a.

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

UBank

UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.36% p.a.

Suncorp

Suncorp

Back to Basics

2.54% p.a. variable

2.55% p.a.

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Smart Home Loan

2.48% p.a. variable

2.50% p.a.

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

2.59% p.a. variable

2.63% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a. variableApply now to get this rate from 29 Nov

2.34% p.a.Apply now to get this rate from 29 Nov

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

loans.com.au

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a.Apply now to get this rate from 29 Nov

2.34% p.a.Apply now to get this rate from 29 Nov

Suncorp

Suncorp

Back to Basics

2.54% p.a.

2.55% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

Illawarra Credit Union

Illawarra Credit Union

The Works Home Loan

1.99% p.a.variable for 24 months and then 2.50% p.a.

2.93% p.a.

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

2.59% p.a.

2.63% p.a.

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

loans.com.au

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Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

UBank

UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.36% p.a.

Bank of Queensland

Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.18% p.a.
fixed 3 years

3.62% p.a.

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

Qudos Bank

Qudos Bank

Fixed Rate Home Loan

2.19% p.a.
fixed 3 years

2.68% p.a.

loans.com.au

loans.com.au

Fixed Home Loan

2.88% p.a.
fixed 3 years

2.89% 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.