Flexible Home Loans - Fixed or Variable Rates

ME Bank

Home Loans

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Variable rate

6.24%p.a.¹

Comparison rate

6.63%p.a.²

Flexible Home Loan with Member Package³. New owner occupier, principal and interest, >70 to ≤80% LVR, loan size $400K+

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Benefits of a loan that fits your life.

Our Flexible Home Loan gives you plenty of options to tinker with.

FLEXIBLE OPTIONS.

Go variable, fix for 1–5 years, or split your loan to do both. Choose what works best for your lifestyle.

OFFSET ACCOUNT.

Let your savings reduce your interest with a 100% offset account. This means that every dollar in the offset account goes towards offsetting the interest from your home loan.

PAY EARLY.

Pay your variable rate loan off as early as you want –with no penalty.

FREE REDRAWS.

Get cash for emergencies from available funds if you’re ahead on payments (minimum $500).

INTEREST-ONLY.

Option to pay interest-only for up to 5 years – or up to 10 if you’re investing.

REPAYMENT HOLIDAY.

Apply to take a break from repayments when the unexpected happens, if you're ahead on your repayments.

Save more with a member package.

Add on a member package for just $395 a year and get a whole bundle of savings.

Lower variable interest rate.

Save up to 1.20% p.a.

More benefits with the member package.

No valuation fee. Save $200.
No top-up fee. Save $250.

Lower fixed interest rate.

Get an extra discount on our low 2-year fixed rates. Learn more here.

Good as gold.

ME's Flexible Home Loan with Member Package has won Mozo's Expert Choice Award 2022 for a Packaged Home Loan.

Rates.

View our competitive rates.

For investor rates click here.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
80% or less	Rate Display Widget (C#) 8.65% p.a.	Rate Display Widget (C#) 8.67% p.a.	Rate Display Widget (C#) 8.57% p.a.	Rate Display Widget (C#) +0.08% p.a.
Above 80% and less than or equal to 90%	Rate Display Widget (C#) 8.86% p.a.	Rate Display Widget (C#) 8.88% p.a.	Rate Display Widget (C#) 8.57% p.a.	Rate Display Widget (C#) +0.29% p.a.
More than 90%	Rate Display Widget (C#) 8.86% p.a.	Rate Display Widget (C#) 8.88% p.a.	Rate Display Widget (C#) 8.57% p.a.	Rate Display Widget (C#) +0.29% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
50% or less	Rate Display Widget (C#) 8.38% p.a.	Rate Display Widget (C#) 8.74% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) +0.01% p.a.
Above 50% and less than 60%	Rate Display Widget (C#) 8.38% p.a.	Rate Display Widget (C#) 8.74% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) +0.01% p.a.
Above 60% and less than or equal to 70%	Rate Display Widget (C#) 8.38% p.a.	Rate Display Widget (C#) 8.74% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) +0.01% p.a
Above 70% and less than or equal to 80%	Rate Display Widget (C#) 8.50% p.a.	Rate Display Widget (C#) 8.86% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) +0.13% p.a.
Above 80% and less than or equal to 90%	Rate Display Widget (C#) 8.36% p.a.	Rate Display Widget (C#) 8.72% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -0.01% p.a.
More than 90%	Rate Display Widget (C#) 8.71% p.a.	Rate Display Widget (C#) 9.07% p.a	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) +0.34% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
50% or less	Rate Display Widget (C#) 6.33% p.a.	Rate Display Widget (C#) 6.71% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.04% p.a.
Above 50% and less than 60%	Rate Display Widget (C#) 6.33% p.a.	Rate Display Widget (C#) 6.71% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.04% p.a.
Above 60% and less than or equal to 70%	Rate Display Widget (C#) 6.33% p.a.	Rate Display Widget (C#) 6.71% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.04% p.a.
Above 70% and less than or equal to 80%	Rate Display Widget (C#) 6.33% p.a.	Rate Display Widget (C#) 6.71% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.04% p.a.
Above 80% and less than or equal to 90%	Rate Display Widget (C#) 7.52% p.a.	Rate Display Widget (C#) 7.89% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -0.85% p.a.
More than 90%	Rate Display Widget (C#) 8.16% p.a.	Rate Display Widget (C#) 8.52% p.a	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -0.21% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
50% or less	Rate Display Widget (C#) 6.19% p.a.	Rate Display Widget (C#) 6.58% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.18% p.a.
Above 50% and less than 60%	Rate Display Widget (C#) 6.19% p.a.	Rate Display Widget (C#) 6.58% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.18% p.a.
Above 60% and less than or equal to 70%	Rate Display Widget (C#) 6.24% p.a.	Rate Display Widget (C#) 6.63% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.13% p.a.
Above 70% and less than or equal to 80%	Rate Display Widget (C#) 6.24% p.a.	Rate Display Widget (C#) 6.63% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.13% p.a.
Above 80% and less than or equal to 90%	Rate Display Widget (C#) 7.42% p.a.	Rate Display Widget (C#) 7.79% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -0.95% p.a.
More than 90%	Rate Display Widget (C#) 8.16% p.a.	Rate Display Widget (C#) 8.52% p.a	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -0.21% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
50% or less	Rate Display Widget (C#) 6.19% p.a.	Rate Display Widget (C#) 6.58% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.18% p.a.
Above 50% and less than 60%	Rate Display Widget (C#) 6.19% p.a.	Rate Display Widget (C#) 6.58% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.18% p.a.
Above 60% and less than or equal to 70%	Rate Display Widget (C#) 6.24% p.a.	Rate Display Widget (C#) 6.63% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.13% p.a.
Above 70% and less than or equal to 80%	Rate Display Widget (C#) 6.24% p.a.	Rate Display Widget (C#) 6.63% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -2.13% p.a.
Above 80% and less than or equal to 90%	Rate Display Widget (C#) 7.42% p.a.	Rate Display Widget (C#) 7.79% p.a.	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -0.95% p.a.
More than 90%	Rate Display Widget (C#) 8.16% p.a.	Rate Display Widget (C#) 8.52% p.a	Rate Display Widget (C#) 8.37% p.a.	Rate Display Widget (C#) -0.21% p.a.

Term	LVR¹	Interest Rate	Comparison Rate³
1 year	80% or less	Rate Display Widget (C#) 6.54% p.a.	Rate Display Widget (C#) 8.43% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 6.74% p.a.	Rate Display Widget (C#) 8.64% p.a.
	More than 90%	Rate Display Widget (C#) 7.79%p.a.	Rate Display Widget (C#) 8.76%p.a.
2 year	80% or less	Rate Display Widget (C#) 5.94% p.a.	Rate Display Widget (C#) 8.10% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 6.14% p.a.	Rate Display Widget (C#) 8.30% p.a.
	More than 90%	Rate Display Widget (C#) 6.84%p.a.	Rate Display Widget (C#) 8.45%p.a.
3 year	80% or less	Rate Display Widget (C#) 5.94% p.a.	Rate Display Widget (C#) 7.86% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 6.14% p.a	Rate Display Widget (C#) 8.06% p.a
	More than 90%	Rate Display Widget (C#) 6.79%p.a.	Rate Display Widget (C#) 8.25%p.a.
4 year	80% or less	Rate Display Widget (C#) 6.04% p.a.	Rate Display Widget (C#) 7.68% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 6.24% p.a.	Rate Display Widget (C#) 7.88% p.a.
	More than 90%	Rate Display Widget (C#) 6.74%p.a.	Rate Display Widget (C#) 8.06%p.a.
5 year	80% or less	Rate Display Widget (C#) 6.14% p.a.	Rate Display Widget (C#) 7.53% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 6.34% p.a.	Rate Display Widget (C#) 7.73% p.a.
	More than 90%	Rate Display Widget (C#) 6.99%p.a.	Rate Display Widget (C#) 8.02%p.a.

Term	LVR¹	Interest Rate	Comparison Rate³
1 year	50% or less	Rate Display Widget (C#) 6.39% p.a.	Rate Display Widget (C#) 6.72% p.a.
	Above 50% and less than 60%	Rate Display Widget (C#) 6.39% p.a.	Rate Display Widget (C#) 6.72% p.a.
	Above 60% and less than or equal to 70%	Rate Display Widget (C#) 6.39% p.a.	Rate Display Widget (C#) 6.72% p.a.
	Above 70% and less than or equal to 80%	Rate Display Widget (C#) 6.39% p.a.	Rate Display Widget (C#) 6.72% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 6.59% p.a.	Rate Display Widget (C#) 7.79% p.a.
	More than 90%	Rate Display Widget (C#) 7.64% p.a.	Rate Display Widget (C#) 8.46% p.a.
2 year	50% or less	Rate Display Widget (C#) 5.79% p.a.	Rate Display Widget (C#) 6.61% p.a.
	Above 50% and less than 60%	Rate Display Widget (C#) 5.79% p.a.	Rate Display Widget (C#) 6.61% p.a.
	Above 60% and less than or equal to 70%	Rate Display Widget (C#) 5.79% p.a.	Rate Display Widget (C#) 6.61% p.a.
	Above 70% and less than or equal to 80%	Rate Display Widget (C#) 5.79% p.a.	Rate Display Widget (C#) 6.61% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 5.99% p.a.	Rate Display Widget (C#) 7.57% p.a.
	More than 90%	Rate Display Widget (C#) 6.69% p.a.	Rate Display Widget (C#) 8.21% p.a.
3 year	50% or less	Rate Display Widget (C#) 5.79% p.a.	Rate Display Widget (C#) 6.56% p.a.
	Above 50% and less than 60%	Rate Display Widget (C#) 5.79% p.a.	Rate Display Widget (C#) 6.56% p.a.
	Above 60% and less than or equal to 70%	Rate Display Widget (C#) 5.79% p.a.	Rate Display Widget (C#) 6.56% p.a.
	Above 70% and less than or equal to 80%	Rate Display Widget (C#) 5.79% p.a.	Rate Display Widget (C#) 6.56% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 5.99% p.a.	Rate Display Widget (C#) 7.44% p.a.
	More than 90%	Rate Display Widget (C#) 6.64% p.a.	Rate Display Widget (C#) 8.06% p.a.
4 year	50% or less	Rate Display Widget (C#) 5.89% p.a	Rate Display Widget (C#) 6.55% p.a.
	Above 50% and less than 60%	Rate Display Widget (C#) 5.89% p.a.	Rate Display Widget (C#) 6.55% p.a.
	Above 60% and less than or equal to 70%	Rate Display Widget (C#) 5.89% p.a.	Rate Display Widget (C#) 6.55% p.a.
	Above 70% and less than or equal to 80%	Rate Display Widget (C#) 5.89% p.a.	Rate Display Widget (C#) 6.55% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 6.09% p.a.	Rate Display Widget (C#) 7.35% p.a.
	More than 90%	Rate Display Widget (C#) 6.59% p.a.	Rate Display Widget (C#) 7.92% p.a.
5 year	50% or less	Rate Display Widget (C#) 5.99% p.a.	Rate Display Widget (C#) 6.57% p.a.
	Above 50% and less than 60%	Rate Display Widget (C#) 5.99% p.a.	Rate Display Widget (C#) 6.57% p.a.
	Above 60% and less than or equal to 70%	Rate Display Widget (C#) 5.99% p.a.	Rate Display Widget (C#) 6.57% p.a.
	Above 70% and less than or equal to 80%	Rate Display Widget (C#) 5.99% p.a.	Rate Display Widget (C#) 6.57% p.a.
	Above 80% and less than or equal to 90%	Rate Display Widget (C#) 6.19% p.a.	Rate Display Widget (C#) 7.29% p.a.
	More than 90%	Rate Display Widget (C#) 6.84% p.a.	Rate Display Widget (C#) 7.92% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
80% or less	Rate Display Widget (C#) 9.36% p.a.	Rate Display Widget (C#) 9.01% p.a.	Rate Display Widget (C#) 9.07% p.a.	Rate Display Widget (C#) +0.29% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
80% or less	Rate Display Widget (C#) 8.96% p.a.	Rate Display Widget (C#) 9.08% p.a.	Rate Display Widget (C#) 8.87% p.a.	Rate Display Widget (C#) +0.09% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
80% or less	Rate Display Widget (C#) 7.92% p.a.	Rate Display Widget (C#) 7.44% p.a.	Rate Display Widget (C#) 8.87% p.a.	Rate Display Widget (C#) -0.95% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
80% or less	Rate Display Widget (C#) 7.87% p.a.	Rate Display Widget (C#) 7.36% p.a.	Rate Display Widget (C#) 8.87% p.a.	Rate Display Widget (C#) -1.00% p.a.

Loan to value ratio¹	Interest rate²	Comparison rate³	Reference rate	Discount/Margin
80% or less	Rate Display Widget (C#) 7.87% p.a.	Rate Display Widget (C#) 7.36% p.a.	Rate Display Widget (C#) 8.87% p.a.	Rate Display Widget (C#) -1.00% p.a.

Term	LVR¹	Interest Rate	Comparison Rate³
1 year	80% or less	Rate Display Widget (C#) 7.24% p.a.	Rate Display Widget (C#) 8.51% p.a.
2 year	80% or less	Rate Display Widget (C#) 6.94% p.a.	Rate Display Widget (C#) 8.31% p.a.
3 year	80% or less	Rate Display Widget (C#) 6.74% p.a.	Rate Display Widget (C#) 8.09% p.a.
4 year	80% or less	Rate Display Widget (C#) 7.14% p.a.	Rate Display Widget (C#) 8.09% p.a.
5 year	80% or less	Rate Display Widget (C#) 7.34% p.a.	Rate Display Widget (C#) 8.07% p.a.

Term	LVR¹	Interest Rate	Comparison Rate³
1 year	80% or less	Rate Display Widget (C#) 7.09% p.a.	Rate Display Widget (C#) 6.79% p.a.
2 year	80% or less	Rate Display Widget (C#) 6.79% p.a.	Rate Display Widget (C#) 6.81% p.a.
3 year	80% or less	Rate Display Widget (C#) 6.59% p.a.	Rate Display Widget (C#) 6.79% p.a.
4 year	80% or less	Rate Display Widget (C#) 6.99% p.a.	Rate Display Widget (C#) 6.96% p.a.
5 year	80% or less	Rate Display Widget (C#) 7.19% p.a.	Rate Display Widget (C#) 7.10% p.a.

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Facts & fees.

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The home buying process.

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Deciphering the jargon.

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Frequently asked questions.

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Lenders mortgage insurance.

Find out how to avoid paying LMI when you take out a home loan.

Loans for less

Offset accounts.

Use your savings to offset your loan interest with our 100% offset account.

100% Offset

Stamp duty.

Planning your budget? Don’t forget to factor in those extra costs.

Doing your duty

Borrowing power.

Get to grips with your spending limits – and start planning that purchase.

How much can I borrow?

Basic Home Loan.

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The legal stuff.

Home loan terms and conditions

Interest rate is current as at Date Display Widget (C#) 20-Apr-2024 and is subject to change. The variable interest rate may include a discount or margin that is applied to the product’s variable reference rate. Discounts are offered to new home loan applications only. The discount cannot be used with any other rate promotion. Existing applications, internal refinances, topups, additional advances or variations of existing home loans are not eligible. We may change or withdraw any discount or margin at any time.
Home loan comparison rates are based on a loan of $150,000 for a term of 25 years, repaid monthly. For variable loans with interest only repayments, the comparison rates are based on an initial 5 year interest only period. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. Fixed rate comparison rates only apply for loans with a loan amount of $150,000 to less than $400,000. The comparison rates for fixed loans with interest only repayments are based on the interest only period being equal to the fixed rate term.
Member Package annual fee of $395 applies.
The repayments quoted in this calculator are based on the inputs that you have populated and should be used as a guide only. When calculating repayments for a variable interest rate, we have assumed that the rate stays the same for the duration of the loan term, as we cannot predict future rate changes. The repayments quoted for fixed interest rates are only applicable for the duration of the initial fixed rate period. Any applicable fees and charges or other amounts that may be charged to your loan (e.g. Lenders Mortgage Insurance if you are borrowing more than 80% of the value of your property) have not been included in these calculations.

*This does not apply if you have a Member Package.

Terms, conditions, fees and charges apply. Applications are subject to credit approval.

Flexible Home Loan.

Benefits of a loan that fits your life.

FLEXIBLE OPTIONS.

OFFSET ACCOUNT.

PAY EARLY.

FREE REDRAWS.

INTEREST-ONLY.

REPAYMENT HOLIDAY.

Save more with a member package.

Lower variable interest rate.

More benefits with the member package.

Lower fixed interest rate.

Good as gold.

Rates.

Flexible Home Loan - Principal and interest

Flexible Home Loan Member Package4 - Principal and Interest - Loan amount <$150k

Flexible Home Loan Member Package4 - Principal and interest - Loan amount ≥$150k - <$400k

Flexible Home Loan Member Package4 - Principal and interest - Loan amount ≥$400k - <$700k

Flexible Home Loan Member Package4 - Principal and interest - Loan amount ≥$700k

Fixed Rates - Flexible Home Loan5

Fixed Rates - Flexible Home Loan with Member Package5

Flexible Home Loan - Interest only

Flexible Home Loan Member Package4 - Interest only - Loan amount <$150k

Flexible Home Loan Member Package4 - Interest only - Loan amount ≥$150k - <$400k

Flexible Home Loan Member Package4 - Interest only - Loan amount ≥$400k - <$700k

Flexible Home Loan Member Package4 - Interest only - Loan amount ≥$700k

Fixed Rates - Flexible Home Loan5 - Interest Only

Fixed Rates - Flexible Home Loan with Member Package5 - Interest Only

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Facts & fees.

Top facts

Fees that may be payable before you settle

Fees that may be payable after you settle

Chat with ME about a new home loan.

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Borrowing power.

Loan repayments.

Stamp duty.

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Nailing your application.

The home buying process.

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Frequently asked questions.

What is a Flexible Home Loan?

How does a Flexible Home Loan work?

What is the difference between a Flexible and Basic Home Loan?

Looking for a more simple home loan?

Help & support.

Lenders mortgage insurance.

Offset accounts.

Stamp duty.

Borrowing power.

Basic Home Loan.

Stay in the loop.

The legal stuff.

The legal stuff.

Flexible Home Loan Member Package⁴ - Principal and Interest - Loan amount <$150k

Flexible Home Loan Member Package⁴ - Principal and interest - Loan amount ≥$150k - <$400k

Flexible Home Loan Member Package⁴ - Principal and interest - Loan amount ≥$400k - <$700k

Flexible Home Loan Member Package⁴ - Principal and interest - Loan amount ≥$700k

Fixed Rates - Flexible Home Loan⁵

Fixed Rates - Flexible Home Loan with Member Package⁵

Flexible Home Loan Member Package⁴ - Interest only - Loan amount <$150k

Flexible Home Loan Member Package⁴ - Interest only - Loan amount ≥$150k - <$400k

Flexible Home Loan Member Package⁴ - Interest only - Loan amount ≥$400k - <$700k

Flexible Home Loan Member Package⁴ - Interest only - Loan amount ≥$700k

Fixed Rates - Flexible Home Loan⁵- Interest Only

Fixed Rates - Flexible Home Loan with Member Package⁵- Interest Only