What is home loan bank-xiety?

What is home loan bank-xiety?

Bank-xiety is not a new thing. Australians have always had a level of ambivalence towards their banks.
However, this feeling has only been aggravated by the royal commission and its findings.

So much so that today, 94% of Australians surveyed think banks don’t act in their best interest and 89% don’t think they’re trustworthy (according to a survey of 1,000 Australian adults in February 2019).

What’s worse is that only 14% of Australians surveyed are doing something about their bank-xiety – by either already changing or being in the process of shifting to a bank they trust.

Like many issues, bank-xiety sits just below the surface. But by providing Australia with the language to describe what 94% of us may be feeling – and the tools to help – we want to empower Australians to rid themselves of this feeling for good.

Rates to fix your bank-xiety.

Take the first step
and beat your bank-xiety.

One of our home loan specialists will be in touch within 24 hours to answer any of your questions or to book an appointment to meet in person at a time and place that suits you.

Take the first step
and beat your bank-xiety.

One of our home loan specialists will be in touch within 24 hours to answer any of your questions or to book an appointment to meet in person at a time and place that suits you.

Privacy statement.

Privacy statement.

We are collecting your information so we can respond to your enquiry.

The ME Privacy and Credit Reporting Policy explains how we will handle your personal information.

Extra benefits to help fix your bank-xiety with ME's member package.

Our Flexible Home Loan with Member Package for owner occupiers includes everything you expect from a bank for an annual fee of $395.

More about the flexible home loan with member package

Lower variable interest rate.

No valuation fee.

Save $200

No fee to fix your rate after you settle.

Save $250

No fee to split your loan after you settle

Save $250

No top-up fee.

Save $250

The legal stuff.

The legal stuff.

  1. Interest rate is current at 18-Jul-2019 and is subject to change. The rate offered on the day of settlement will apply. A current fixed rate can be secured for 90 days by paying a $500 rate lock request fee and at settlement you’ll get the better of the two rates.
  2. Fixed comparison rates are calculated on the basis that they roll to the effective variable rate for new loans at the end of the fixed term. Comparison rate based on a loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fixed rate comparison rates only apply for loans with an LVR of 80% or less and a loan amount of $150,000 to less than $400,000.
  3. A member package of $395 applies.
  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.
  5. Terms, conditions, fees and charges apply. Applications are subject to credit approval.