Variable rate home loan

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What do we have to offer?

Get a home loan that suits your lifestyle.

  • 1300 540 181
  • Chat to our dedicated team about a new or existing home loan.

We're available to help from:

  • Monday to Friday 8am-8pm (AEDT)
    Saturday 9am-5pm (AEDT)
    (We take national public holidays off.)

EconoME

Basic home loan goodness with all the flexibility and none of the annual fees.

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  • No annual fees. We’ve ditched annual fees so you can keep more of your money.
  • Low rate. We keep our home loan rates competitive and our value good.
  • Pay your loan off sooner. Unlimited additional payments on your variable rate home loan or up to $10,000 each year on your fixed rate loan and withdrawal during a variable rate period.

CompleteME15

More flex, more frills, more ME for you.

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  • 100% offset account. Link up to 10 SpendME accounts to lower your interest, all while doing good for the community.
  • Remix your loan. Choose from variable, fixed (1-5 years), interest only home loans, or a mix of all of them.
  • Pay your loan off sooner. Unlimited additional payments on your variable rate home loan or up to $10,000 each year on your fixed rate loan and withdrawal during a variable rate period.

Owner Occupier interest rates.

See all Owner Occupier and Investor home loan rates.

See all rates

EconoME - Principal and Interest - Variable <$150K

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EconoME - Principal and Interest - Variable ≥$150K

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CompleteME - Principal and Interest - Variable <$150K

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CompleteME - Principal and Interest - Variable ≥$150K - $400K

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Details and fees.

See all home loan fees and charges.

EconoME Home Loan - Loan details at a glance

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CompleteME Home Loan - Loan details at a glance

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Chat with ME about a new home loan.

Booking a time is fast and simple.

Start with a quick, no obligation chat at a time that works for you.

Our home loan experts will aim to contact you within 24 hours.

Alternatively, you can call us on
1300 843 064.

We’re available to help from
Monday to Friday 8am-8pm (AEST/AEDT)
Saturday 9am-5pm (AEST/AEDT)
Excluding public holidays

Need help with an existing loan?

Already have a ME home loan? Visit our Home Loan Help Centre for helpful information and self-service options. If you can't find what you're looking for, give ME a call on 13 15 63. It's the quickest way to get the help you need from our team.

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Calculate with ME.

Determine the loan, get the home – compare your options with these practical calculators.

Borrowing power.

Learn your limits – suss out your borrowing capacity so you can start planning that purchase.

Calculate my borrowing power

Loan repayments.

Weigh up your home loan options to see how much your repayments could be.

Calculate my loan repayments

Compare loans

Compare home rates and features side by side with our nifty comparison calculator.

Guide to home loan repayments

Looking for a home loan with more features?

Check out our CompleteME Home Loan.{sub-heading}

Learn more

Explore The Feed.

Want to learn more about variable home loans?

From home loans to general finance, learn more with ME.

What are my home loan options?

It’s important to know all the options available to you. Discover more about home loan features.

Learn more about your home loan

Why should I be comparing loans?

Checking out the competition ensures that you are getting the best deal. Find out how to compare home loans to get the best deal for you.

Learn how to compare home loans

Home loan repayments 101.

You can get on top of your repayments by understanding them better. Here are a few things to help you better understand them.

Understand home loan repayments

Good chat.

Have home loan questions? We offer a number of ways to get in touch with us for high quality support.

Join ME.

Want to find out more? Just let us know a few things about yourself and we will be in touch.

Enquire now

Talk to ME.

Monday to Friday 8am–8pm

Saturday 9am–5pm
(AEDT) Excluding public holidays.

1300 540 181

Meet ME.

Find a local home loan specialist in your area – then meet in a way that best suits you.

Meet our bankers

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Looking for a more simple home loan?

Check out our EconoME Home Loan.

Learn more

Frequently asked questions.

What is a variable rate home loan?

A variable rate can shift as changes happen in the home loan market, which can push rates up or down. That can be good for you if rates are getting cheaper, or it can increase your expenses if rates go up.

Is it better to get a fixed or variable home loan?

There is no correct answer as to which type of home loan is best. Both types come with their ups and downs. Fixed rates lock in a consistent interest rate, regardless of market changes, offering security and peace of mind knowing you will be paying the same repayments. A variable rate can shift as changes happen in the home loan market. If rates get lower, it can reduce your repayment and by the same token, increases in the home loan rate will increase your expenses. But there are advantages to having a variable rate beyond just a possible lower rate.

If I have a bit of extra cash, can I pay off a variable loan early?

If you’ve got a variable rate home loan with ME, you can make as many extra repayments as you want, with no penalty whatsoever. With no extra payment limit, and the ability to make lump sum or regular repayments, you’ll get to pay off your variable home loan faster. Plus it gives you a chance to build more equity when rates are low, your salary goes up or you’re just having a good spending month.

Can I have both variable and fixed?

With ME, you can. If decision-making isn’t your forte (or you just aren’t sure what’s best), EconoME Home Loan and CompleteME Home Loan you can have the best of both worlds. Being able to split your home loan between fixed and variable rates means you get to enjoy the benefits of both. Whether that means a 100% variable or a split between the two is entirely up to you, but it means regardless of what’s happening in the market, you’ll be somewhere in the middle.

What are ME’s other home loan options?

Check out ME's fixed rates here.

Home loan terms and conditions (PDF){link-button}

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

Solicitor, valuation and agent fees may apply.

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