Scroogify GIF

Flexible home loan with member package1


variable rate2


comparison rate3

New Owner Occupier, Principal and Interest,
Maximum 80% LVR, loan size $400k-$699K

How does the Scroogify® calculator work?

  • (a) Periodic interest savings and reduced repayments is the amount the calculator estimates you could save in interest and repayments periodically over the life of your new ME loan if you were to refinance your current loan with the ME loan you select. The interest savings amount will be higher initially and reduce each month as your principal reduces. You should also assess the differences in any annual package fees and other fees and charges.

  • (b) Savings over the life of the loan if you pay the periodic savings amount back into your loan is the amount the calculator estimates you could save in interest over the life of your new ME loan assuming you use all your periodic savings to make a prepayment at the end of each repayment period. Assumes $525 of discharge and mortgage registration fees and takes account of annual package fees if known.

  • (c) Savings in time taken to repay the loan is the length of time the calculator estimates your new ME loan could be paid off earlier than your current loan assuming (1) you use all your periodic savings to make a prepayment on your new ME loan at the end of each repayment period and (2) you would have continued to make only the required repayments on your current loan had you not refinanced.

The calculator makes various assumptions to provide only an estimate of savings. This estimate is based on the ME loan product you select for comparison and the details of your current loan that you enter for rate, loan amount, term remaining in years and repayment amount and frequency. If you’re not sure of the rate you’re currently charged, you can select a home loan from a sample currently on the market in the drop down menu and we’ll insert the rate for you. But note these sample rates are sourced from the Canstar comparison site and might be different to the rate you’re being charged. The calculator assumes that your new ME loan would have the same loan amount and term as the loan amount and term remaining you enter for your current loan. Each year is assumed to have 52 weeks or 26 fortnights, each month is assumed to be of equal length and rates and repayments are assumed to remain constant.

products rates fees

It’s easy
to switch.

Our home loan specialists come to you – and you choose the time and place.


1. Get in touch.

Call us directly, request a call back or book an appointment with a mobile banker.

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2. Let’s catchup.

We’ll gather your details, ask for some documents and make a refinance plan.

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3. No sweat.

We’ll take it from here and deal with your old bank.

Why such
a low rate?

Being branchless keeps our rates low. 


Digital Access 24 / 7



Google Play, itunes App Store



We come to you



Drop us a line.



Deposit at Australia Post



Use any bank’s ATM, anywhere in Australia4


Meet the

ME is a full suite bank with a range of products to suit every need.


everyday transaction

Use as an offset account for your
Flexible Home Loan 4,5


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online savings

Raise your dough with a free, no minimum deposits, no penalties account.



credit card

Frank keeps it simple with one 11.99% p.a.6,7variable rate on everyday purchases. Nice.


Get in

Mobile banker

Our home loan specialists come to you – and you choose the time and place.


Request a callback

Keen to talk home loans, but short on time? Leave your details and we’ll call you.


Call us now

Got home loan questions? Give us a call on 13 15 63 and we’ll help you out.

13 15 63

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.

Things you
should know

  1. Member Package annual fee of $395 applies.

  2. Interest rate is current at 17-Oct-2017 and is subject to change. The -1.09% p.a. discount is offered off the reference rate for variable Flexible Home Loan with Member Package where (i) the primary loan purpose at application is owner occupied (ii) repayments are principal & interest (iii) the loan amount is less than or equal to 80% of the value of your property ("LVR") (iv) the loan amount is from $400,000 to $699,000 and (v) the application is for a new home loan. 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 this discount at any time. If you apply after the discount has been withdrawn the Flexible Home Loan with Member Package variable rate without discount (the reference rate) will apply.

  3. Comparison Rate based on a Flexible Home Loan with Member Package 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.

  4. Free access at any ME ATMs and our preferred ATM network of Westpac, St.George, BankSA and Bank of Melbourne ATMs. Open your new Everyday Transaction Account & receive a refund on fees incurred at all other ATMs in Australia within 30 days of the transaction. We may change or withdraw this offer at any time.

  5. Terms, conditions, fees and charges apply. This is general information only and you should consider if this product is right for you.

  6. Mastercard and the Mastercard brand mark are registered trademarks of Mastercard International Incorporated.

  7. Interest rate is current at 17-Oct-2017 and subject to change. Credit criteria, terms, conditions, fees and charges apply and are subject to change.

Home loan terms, conditions, fees and charges apply. Applications for home loans are subject to credit approval.

click to edit


1. Enter your principal & interest rate

How do I find this?

If you're not sure of the rate you're currently being charged you should check with your lender. Your most recent home loan statement will tell you the applicable rate on the date of that statement.

2. Adjust your current loan details


3. Compare

Variable 3.49% | 3.69%

Maximum 80% LVR

For information and rates applicable to home loans with LVR above 80% you should compare our products here.

You could

Reduce your interest and repayments by around(a):

$109per month

Putting this amount back into your loan could save you(b):


That's equivalent to(c):

3 years
& 11 monthstime saved in paying off your loan

Well done you

Seems like you're already on a great rate
that we can't beat. High five!

Things you
should know:

The calculator results are not a quote or offer. They are a guide only limited to helping you estimate the interest you could save by refinancing your principal & interest loan with ME. You should consider your personal situation and be aware that the calculator doesn’t take into account: (i) the value to you of different features or benefits such as offset accounts and free credit cards (ii) rate discounts that might be available or future changes in rates or (iii) all fees and charges that might apply to the refinance or on an ongoing basis. Note that the quoted savings will vary depending on the variables you select to input.