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 3.89% | 4.30%

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):

$92per month

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


That's equivalent to(c):

7 monthstime saved in paying off your loan

Things you
should know:

How does the Scroogify® calculator work?

How Rebecca saved.

*Ok confession time. Rebecca's not actually real. She's just an example.
What IS real is that you might be able to totally squeeze more out of your home loan if you try Scroogify®.

 Rebecca checked her loan using Scroogify®.

Rebecca lives in her own place. But with a loan of $350,000 and a variable interest rate of 4.45%p.a., she was curious to see if there was a better deal out there.
(Spoiler alert: there was.)

She got the intel she needed.

Rebecca made an appointment with a ME mobile banker. And over a nice cuppa at Rebecca’s place, she discovered she could save more if she switched her home loan to ME.

She made the switch to ME

So Rebecca said bye bye to her big bank, and refinanced her loan6 to a ME Flexible Home Loan with Member Package1 with a rate of 3.79%p.a.2 (comparison rate of 4.20%p.a.3)

She reduced her repayments and saved. 

With her new loan Rebecca was saving $121 a month. And over the life of her 30-year home loan, she’ll end up saving a whopping $75,902 interest payments (projected on current interest rates) if she were to use all of the money saving to make prepayments on her loan. Nice one Rebecca. High five.

How does Rebecca's calculation work?

Book an appointment.

Book an appointment.
Bruce Springclean
0400 000 000 or 9800 8000
Existing customer:

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.

The legal stuff.

The legal stuff.
  1. Member Package annual fee of $395.

  2. Interest rate is current at 18-Jun-2018 and is subject to change. The -1.20% p.a. discount is offered off the variable reference rate for a 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 $150,000 to $400,000 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. WebJet Holiday Deals. Depart Sydney to Tokyo with WebJet Holiday Deals and stay 5 nights at the 3.5 star self rated Hotel Gracery Tamachi in a premier single room (with complimentary wi-fi). Advertised price is $1,665pp. Holiday deals change from time to time and ME does not warrant that such a deal will be available in the future.

  5. Loan to Value Ratio (LVR) is the loan amount divided by the value of your property (determined by ME at assessment), multiplied by 100.

  6. Laura’s Story – checked 25/7/2017 - www.canstar.com.au

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