Purpose Any worthwhile business or investment purpose (unless you are an individual investing in residential property – see our home loans)  
Loan type Principal and Interest Loans up to 15 years Interest Only Loans up to 5 years  
Minimum amount $60,000  
Maximum amount $1,000,000  
Security Eligible residential property  
Loan splitting Available (minimum split $20,000)
Principal and interest payment terms up to 15 years
Interest only payments available up to 5 years
Minimum loan amount $60,000, maximum $1,000,000
No ongoing account-keeping fees
Variable and fixed rate loan options
Redraw available on variable rate loans

 

Variable (p.a.)
6.38% p.a.
Fixed rates (p.a.)1
1 year - 6.04% p.a.

3 year - 5.69% p.a.

5 year - 5.94% p.a.

All interest rates quoted in the table above are base rates. A further margin may be added to the above interest rates for brokerage.

1 An additional customer margin will apply.

Application fee2 $500 (min.)
Valuation fee Contact us for a quote
Legal fee Contact us for a quote
PPSR – Individual $175
PPSR – Company $175
PPSR – Trust $310
Progressive drawing fee

$150

(Charged at each drawing)
Excess disbursement fee (after the fourth disbursement)

$15

(Charged at disbursement)

Redraw fee

$50

(Charged at redraw)

Audit certificate fee

$60/hr (min. of $100)

(Charged upon certificate completion)

Discharge fee per security

$200

(Charged at discharge)

Production fee

$150

(Charged when a title is produced at a Land Titles Office)

Consent fee

$150

(Charged when we consent to a dealing at a Land Titles Office)

Interim statement fee

$5 per page

(Charged immediately)

Duplicate statement fee

$5 per page

(Charged immediately)

Telegraphic transfer (TT) fee

$25 per TT

(Charged immediately)

Inward cheque dishonour

$25

(Charged immediately)

Inward direct entry dishonour

$25

(Charged immediately)

Fixed Rate Break Costs

Unascertainable

(When additional repayments are made during a fixed rate period)

Expired facility / re-approval fee

0.10%

(Charged upon approval of an application to vary or extend a loan)

Variation documentation fee

$250

(Charged upon documentation of a loan variation)

 Line fee

0.25% p.a.

(Charged on the facility limit in advance quarterly)

Administration fee (for supervised constructions)

0.10% p.a.

(Charged on the facility limit in advance quarterly)

All interest rates quoted in the table above are base rates. A further margin may be added to the above interest rates for brokerage.

1 An additional customer margin will apply.

2 Application fees are the minimum amount payable for simple and straightforward applications. Higher fees may be based on the complexity of the borrowing arrangements. Factors considered include trust, company, guarantor and associated entity structures, financial structures and security types offered.

Things you should know.

Interest rates are current as at 31-Jul-2014 and are subject to change. If you would like to know today's market rates, call us on 1300 658 108. Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.

These products are provided by Members Equity Bank Pty Limited (ME Bank) or its related entity, Industry Funds Management (Nominees 2) Pty Ltd (IFM2). Please note that IFM2 is not an authorised deposit taking institution and its obligations do not represent deposits or liabilities of ME Bank. ME Bank does not stand behind or guarantee the obligations of IFM2.