1. Interest rates are current as at
04-Dec-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. 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 interest only fixed loans are based on the interest-only period being equal to the fixed rate term.
3. The results from this calculator should be used as an indication only. Results do not represent, quotes, pre-qualifications for any product or an offer to provide credit. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. The Borrowing Power Calculator calculates the maximum loan amount available based on the income and expenses entered. Default values provided assist in giving an estimate of the expenses and other factors which may determine the amount available for a loan. This Borrowing Power Calculator takes into account the current cost of living, but does not take into account any expected future changes in the cost of living. The calculator uses the higher of the default estimated monthly living expenses or the living expenses you have entered.
6. ME Cashback terms and conditions
A $2,000 cashback offer is available for the purchase of an owner occupied or investment residential property with minimum new lending of $400,000 and a loan to value ratio (LVR) of over 80% and a maximum LVR of 95% inclusive of LMI for owner occupiers and maximum LVR of 90% inclusive of LMI for investors. Lenders Mortgage Insurance must be paid. To be eligible for this offer, applications must be received from 30 September 2024 and settle within 120 days of the loan application date.
This offer is available to Owner Occupier and Investors on all ME home loan products but is not available for home loan applications involving both a purchase and refinance. Only one cashback payment per eligible home loan regardless of the number of borrowers and for the first eligible loan only in.
The cashback 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. If the first listed borrower doesn’t hold an ETA, the cashback 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.
Terms, conditions, fees and charges apply. All applications are subject to credit approval.