Home loan fees and charges explained.
Valuation fee* - If a valuation is needed, this fee is charged per property and covers some of our cost.
$200
Settlement Fee - Payable at settlement, this fee covers some of the costs associated with establishing and settling your home loan.
$250
Agent fee - Payable at or before settlement if our external solicitors are required to instruct an agent to conduct settlement (e.g. if in a rural area)
$110
Member Package fee - Payable if you choose to purchase a Member Package, at settlement, and on each anniversary.
$395
Lender's Mortgage Insurance (LMI) - Payable when the loan amount is greater than 80% of the property's value.
Cost varies
Government fees and charges
Differ by state
Rate lock fee - Payable if you elect to lock in a fixed interest rate.
$500
*This does not apply if you have a Member Package.
Top up fee* - Payable when you top-up your home loan.
Search fees - It may be necessary to conduct title or instrument searches or property enquiries. If so, you must pay us at or before settlement the actual cost incurred for such searches or enquiries.
Security substitution fee - Payable if we approve a request to substitute the security property for another property.
$350
Subdivision approval valuation fee
As applicable per state
Bank cheque fee - Payable if we provide you with a bank cheque, repurchase a bank cheque or replace a bank cheque.
$10
Consent to a dealing fee - Payable when we consent to a dealing with a property.
Productions of title fee
Telegraphic transfer fee - Payable when you request us to make a payment for you via Telegraphic Transfer.
$30
Progress payment fee - Payable on construction loans for each progress payment made.
$75
Arrears fee – Payable on the fifth day after: a loan facility has missed a scheduled payment and fallen into arrears, and/or; each month (or every four weeks if your payment frequency is weekly or fortnightly) that the loan remains in arrears.
$25
Security discharge preparation fee - This is made up of a $245 ME discharge fee per property and a $105 Solicitor’s discharge fee per property title.
Prepayment fee - Payable if we incur a loss due to the early termination of a fixed interest rate period.
As per quote
Valuation fee - If a valuation is needed, this fee is charged per property and covers some of our cost.
Agent fee - Payable at or before settlement if our external solicitors are required to instruct an agent to conduct settlement (e.g. if in a rural area).
May apply by state
Lenders mortgage insurance - Payable when the loan amount is greater than 80% of the property's value.
Top up fee - Payable when you top-up your home loan.
Productions of title fee - Payable to produce the title to the security property.
Differs by state
Dishonour outward (direct entry initiated by another financial institution)
Payable when a direct entry request from another financial institution on your transaction facility is dishonoured.
Overdrawn account
If your Ultimate Offset Account - Transaction Facility account is overdrawn at any time.
$15
International transactions
International ATM withdrawals
$4 per withdrawal
International fee – charged on any foreign currency transaction converted into Australian dollars, payable at the time the currency conversion is made
1.5% per withdrawal
Mastercard cross border fee – charged on transactions where the merchant account is not held in Australia.
0.8%
Cheque fees
Cheque book (50 leaves).
Cheque dishonour – when a cheque written by you is dishonoured due to a lack of cleared funds in your ME account.
Payable when you request us to trace the status of a cheque you complete.
Purchase of a bank cheque (transaction facility only).
$6
Internet Banking
For ME Bank customers with all other products.
ME Go Internet Banking
For customers who have a SpendME, SaveME or HomeME account.