ME logo

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 95%

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 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 90%-95%

    Loan: $40,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    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
2.39% p.a.
Comparison Rate
3.85% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
4.14% p.a.
Comparison Rate
4.52% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
2.54% p.a.
Comparison Rate
4.10% 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
2.64% p.a.
Comparison Rate
4.45% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
2.64% p.a.
Comparison Rate
4.67% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
2.84% p.a.
Comparison Rate
4.50% 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

Mozo editorial review ME Flexible Home Loan (Fixed) - last updated: 15 October 2021

binocular icon
What's hot
  • Free extra repayments up to $30,000 during fixed term
  • No application or ongoing service fee
  • Option to split between fixed and variable rate
What's not
  • $200 legal fee and $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 (from 1-7 years), 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. Rates start at 2.04% (3.93% comparison rate*) for a two-year term for owner occupiers, and 2.64% (4.65% comparison rate*) for investors.

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.

Additionally, applications on loan amounts of $250k or more with a maximum LVR of 80% lodged before 31 December 2021 are eligible for ME's $3000 cashback offer. 

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 principal and interest loan of below 80% LVR for terms of 1-3 years. This home loan is also a great choice for those looking for flexibility when it comes to making repayments.

question icon
Any catches

You’ll have to be wary of the slightly higher 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 October 2021. 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%*)

2.04% (3.94%*)

2.39% (3.85%*)

3.04% (3.92%*)

3.34% (3.95%*)

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

Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 31 December 2021 and settle by 28 February 22.

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 October 2021. 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

4.04% (4.59%*)

4.04% (4.54%*)

4.14% (4.52%*)

4.14% (4.48%*)

4.14% (4.45%*)

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 16 October 2021. 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%*)

2.44% (4.25%*)

2.54% (4.10%*)

3.14% (4.15%*)

3.44% (4.17%*)

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 16 October 2021. 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

Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 31 December 2021 and settle by 28 February 22.

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 October 2021. 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

2.64% (4.87%*)

2.64% (4.65%*)

2.64% (4.45%*)

3.24% (4.48%*)

3.54% (4.47%*)

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

Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 31 December 2021 and settle by 28 February 22.

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 October 2021. 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

2.64% (5.14%*)

2.64% (4.90%*)

2.64% (4.67%*)

3.24% (4.67%*)

3.54% (4.65%*)

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 16 October 2021. 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

2.84% (4.88%*)

2.84% (4.68%*)

2.84% (4.50%*)

3.34% (4.50%*)

3.54% (4.46%*)

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

Receive $3,000 cashback when you refinance an existing home loan of $250,000 or more with an LVR of equal to or less than 80%. Must apply by 31 December 2021 and settle by 28 February 22.

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 October 2021. 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% (5.16%*)

3.04% (4.96%*)

3.04% (4.77%*)

3.54% (4.76%*)

3.74% (4.71%*)

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
Price
Features
Customer service
Convenience
Trust
Based on 957 ME home loan reviews

Latest reviews of ME Flexible Home Loan (Fixed)

About ME

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.