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ME Flexible Home Loan (Fixed)

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
2.74% p.a.
Comparison Rate*
3.94% p.a.
Service fee
$0.00
Upfront fee
$400
Fixed 3 year rate
2.74% p.a.
Comparison Rate*
4.16% 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 11 July 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

  • 2.54% (4.18%*)

  • 2.64% (4.04%*)

  • 2.74% (3.94%*)

  • 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 11 July 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

  • 2.54% (4.45%*)

  • 2.64% (4.29%*)

  • 2.74% (4.16%*)

  • 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 11 July 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 11 July 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 11 July 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 11 July 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 11 July 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 11 July 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 customer rating
8.6/10

Based on 929 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 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 about 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 over 4 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 over 4 years ago
  • Overall 9/10
    Good rate and excellent customer service

    No cons.

    Read full review

    No cons.

    Price
    8/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Michael, Australian Capital Territory reviewed about 5 years ago
  • Overall 9/10
    Competitive loans.

    Good product.

    Read full review

    Good product.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Louise, Queensland 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.

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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.

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