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 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%-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%-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
4.31% p.a.
n/a
n/a
n/a
4.34% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$200.00
$200.00
$0.00
n/a
$0.00
$350.00
$40,000
none
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$500.00
yes
yes
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.
4.61% p.a.
n/a
n/a
n/a
4.64% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$200.00
$200.00
$0.00
n/a
$0.00
$350.00
$40,000
none
80.00%
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$500.00
yes
yes
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.
5.11% p.a.
n/a
n/a
n/a
4.67% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$200.00
$200.00
$0.00
n/a
$0.00
$350.00
$40,000
none
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$500.00
yes
yes
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.
5.07% p.a.
n/a
n/a
n/a
5.10% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$200.00
$200.00
$0.00
n/a
$0.00
$350.00
$40,000
none
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$500.00
yes
yes
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.
5.37% p.a.
n/a
n/a
n/a
5.40% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$200.00
$200.00
$0.00
n/a
$0.00
$350.00
$40,000
none
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$500.00
yes
yes
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.
5.87% p.a.
n/a
n/a
n/a
5.43% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$200.00
$200.00
$0.00
n/a
$0.00
$350.00
$40,000
none
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$500.00
yes
yes
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.
6.07% p.a.
n/a
n/a
n/a
5.69% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$200.00
$200.00
$0.00
n/a
$0.00
$350.00
$40,000
none
none
90.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
$500.00
yes
yes
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.
Have been with ME Bank for 22 years. Have been laughed at and ridiculed for being on a disability pension, along with not being able to send emails through their web page. Have been waiting for 10 days for them to send a discharge form emailed through so we can start settlement process on selling our investment block. They wont answer the phone or cut you off if you do get through. Their customer service is non existent. They will end up losing all their customers. You never hear anything positive about their service anymore. Used to be awesome but now just really really really bad. Hope the new CEO has an interest in customer service.
Read full reviewHave been with ME Bank for 22 years. Have been laughed at and ridiculed for being on a disability pension, along with not being able to send emails through their web page. Have been waiting for 10 days for them to send a discharge form emailed through so we can start settlement process on selling our investment block. They wont answer the phone or cut you off if you do get through. Their customer service is non existent. They will end up losing all their customers. You never hear anything positive about their service anymore. Used to be awesome but now just really really really bad. Hope the new CEO has an interest in customer service.
Stay away from this bank. For all your needs look elsewhere, this bank has taken thousands of dollars from customer redraw accounts without permission.
Read full reviewStay away from this bank. For all your needs look elsewhere, this bank has taken thousands of dollars from customer redraw accounts without permission.
I have been a home loan customer of ME Bank for over 20 years. They started off great, with a local branch (within 25km), competitive interest rates and fees. Now there is no branch within 100km, their fees are still low but the interest rates are high. I have to continuously fight with them to get my interest rates lower. Over the last year or two I gave up fighting with them and the below is the result. My ME Bank home loan, I have 93% equity and my interest rate is 5.70%. I have another loan on an investment property with another bank, only 22% equity and an interest rate of 3.00%. The loans by ME Bank for new customers is lower than mine, so now I have to fight with them to lower my loans. I would not recommend ME bank at all.
Read full reviewI have been a home loan customer of ME Bank for over 20 years. They started off great, with a local branch (within 25km), competitive interest rates and fees. Now there is no branch within 100km, their fees are still low but the interest rates are high. I have to continuously fight with them to get my interest rates lower. Over the last year or two I gave up fighting with them and the below is the result. My ME Bank home loan, I have 93% equity and my interest rate is 5.70%. I have another loan on an investment property with another bank, only 22% equity and an interest rate of 3.00%. The loans by ME Bank for new customers is lower than mine, so now I have to fight with them to lower my loans. I would not recommend ME bank at all.
Industry funds it, online easy to use.
Read full reviewIndustry funds it, online easy to use.
The interest rate offered is a little high.
Read full reviewThe interest rate offered is a little high.
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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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.
