1. 100% parental leave for servicing must be Government or Employer paid income before returning to work. Understanding of capacity for loan repayment(s) during any unpaid period of the parental leave must be demonstrated and verified with supporting document. This may include but is not limited to savings or investments held (only applicable for unpaid period). Meeting this requirement, ME will consider return to work income too.
2. Up to $7,500 add-back for novated lease Limited to the lesser of $7,500 or the annual lease repayments.
3. 100% of overtime can be used for Doctors, Nurses & Medical/healthcare professionals and frontline and key workers in healthcare, outpatient, residential care, social assistance and disability support services, Primary and Secondary Teachers, and pre-school/early childhood educators including kindergarten and child care services, Ambulance Officers, Fire Fighters and Police Officers, Australian Defence Force employees, Australian Border Force employees and Corrective Services employees within correctional centres, detention centres and prison services. Otherwise, overtime used at 80%.
4. Refinancing with multiple debts - Debts being consolidated must show good conduct, with no more than one missed payment over the last six months for home loans and personal loans and three months for credit cards.
5. All postcodes accepted - Subject to LVR restrictions; other conditions may apply.
6.
ME Cashback terms and conditions
A $2,000 cash back offer is available on refinances of an existing home loan from another financial institution with a minimum new lending of $400,000 and a loan to value ratio (LVR) up to 80%. A $3,000 cash back offer is available on refinances of an existing home loan from another financial institution with a minimum new lending of $700,000 and an LVR of up to 80%. To be eligible for this offer, applications must be received from 8 September 2023 and settle within 120 days of the loan application date. Not available where any of the loan proceeds are for the refinance, restructure, switches or top ups of home loans from ME or from other lenders within the Bank of Queensland (BOQ) Group which includes BOQ, BOQ Specialist and Virgin Money (Australia).
This offer is available to Owner Occupier and Investors on all ME home loan products. Applications including any loan proceeds for Construction and owner occupied loans with interest only repayments are ineligible for the cashback offer. A home loan application involving both a purchase and refinance are not acceptable. Only one cash back can be received per qualifying home loan application regardless of the number of borrowers. In the case of multiple qualifying applications, only one cash back can be received per separate security property.
Eligible refinance applications received by ME prior to 8 September 2023 that also settled within 120 days of the loan application date will get the previously advertised cashback offer of $2,000 for minimum new lending of $250,000 with an LVR of less than 80%, or the previously advertised cashback offer of $4,000 for minimum new lending of $250,000 with an LVR of less than 60%.
The cash back amount will be paid within 60 days of loan settlement into the ME Everyday Transaction Account (ETA) held by the borrower first listed on the application. In the event the first listed borrower doesn’t hold an ETA, the cash back will be credited to the home loan it applies to. Terms, conditions, fees and charges apply. Applications are subject to credit approval. The offer can be withdrawn or varied at any time.