$3k cashback

Switch now and get up to $3k cashback.5

We’re all about making money good, which is why we’re giving you up to $3,000 to switch your home loan over to ME.

Available to owner occupiers and investors on all ME home loan products if you:

  • Apply from 08/09/2023, and settle within 120 days of the loan application date
  • Switch your existing home loan from another lender
  • Take out a home loan with a minimum size of $400k and maximum LVR of 80% (to receive $2K cashback)
  • Take out a home loan with a minimum size of $700k and maximum LVR of 80% (to receive $3K cashback)
Find out more

Basic Home Loans.

One low variable rate, no application fee and zero monthly account keeping fees. That’s a no-nonsense Basic Home Loan with ME. If only everything was this simple.

Learn about our Basic Home Loans.

Low variable rate.

Keep it simple with our no-frills, award-winning home loan.

Fee-free redraw.

Get cash when you need it (minimum $500).

No annual or monthly fees.

No need to worry about any extra add-ons.3

Browse our rates.

See all Owner Occupied and Investor home loan rates.

See all rates


 

Details and fees.

Find out more

Interested in applying for a variable rate home loan?

Big decisions like a new new variable interest rate home loan don’t happen overnight.

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
Mon–Fri 8am–8pm (AEST/AEDT)
Sat 9am–5pm (AEST/AEDT)

Interested in applying for a variable rate home loan?

Big decisions like a new new variable interest rate home loan don’t happen overnight.

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
Mon–Fri 8am–8pm (AEST/AEDT)
Sat 9am–5pm (AEST/AEDT)

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.

Compare our loans

Want to learn more? Explore The Feed.

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

Frequently asked questions.

Flexible home loan

Looking for a home loan with more features?

Check out our Flexible Home Loan.
Get flexible

The legal stuff.

The legal stuff.

Home loan terms and conditions (PDF)

(1) Interest rates are current as at  14-Apr-2024 and are 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, top ups, additional advances or variations of existing home loans are not eligible. We may change or withdraw any discount or margin at any time.

(2) 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. The comparison rates for fixed loans with interest only repayments are based on the interest only period being equal to the fixed rate term.

(3) Solicitor, valuation and agent fees may apply.

(4) Loan to Value Ratio (LVR) is the loan amount divided by the value of your property (determined by ME at assessment), multiplied by 100. The LVR value compares the amount you have owning on your home loan against the actual value of your property. For example, if your property was valued at $400,000 and your loan amount was $340,000, your LVR would be 85%.

(5) 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.

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