Scroogify™ your home loan.
see what you can save.

How Rebecca saved.

Couch 3X

1. Rebecca checked her loan using ScroogifyTM.
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.)

Mobile Banker 3X

2. 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.

Bye Bye 3X

3. She made the switch to ME
So Rebecca said bye bye to her big bank, and refinanced her loan to a ME Flexible Home Loan with Member Package1 with a rate of 3.94%p.a.2,3 (comparison rate of 4.35%p.a.4)

3 Coins 3X

4. She reduced her repayments and saved. 
With her new loan Rebecca was saving $104 a month. And over the life of her 30-year home loan, she’ll end up saving a whopping $67,210 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.

*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 ScroogifyTM.

We'll do it for you.

We're here to help as much as we can. So go on, put us to work.

Talk to a mobile banker

Time to talk home loans? Our Mobile bankers are ready and waiting so go ahead a book a call.


Call us now

Got ScroogifyTM questions? We've got answers..

13 15 63

Privacy Statement

We are collection your information so we can respond to your enquiry.
The ME Privacy and Credit reporting Policy explains how we will handle your personal information.

How the calculation works?

Want the low down on the ScroogifyTM calculation? Get it here.

This calculation:

  • is a guide only - you should consider your personal situation

  • is based on the lowest advertised package rates6 of the major four banks (ANZ, Westpac, NAB and Commonwealth Bank) from the Canstar comparison site and does not take into account rate discounts that might be available or future changes in rates

  • compares these rates with the ME Flexible Home Loan with Member Package rates current as of 24-Jun-2017

  • is only valid for the loan amount and LVR5 specified – different rates apply to different loan amounts and LVRs5

  • takes into account typical discharge and mortgage registration fees charged by both the other lender and ME, but does not take into account fee waivers or other fees and charges that might apply to the refinance or on an ongoing basis

  • does not take into account the value of other home loan features or benefits such as offset accounts and free credit cards

  • assumes 12 monthly repayments per year for the stated term and all months are of equal length, and uses unrounded amounts to derive its results.

Slinky 1261X666px

About our home loans.

Our home loans come with all the bells and whistles you'd expect from a bank, but without the greedy bank rates. Check out our Flexible Home Loan with Member Package for an annual fee of $395.

show ME
the legal stuff.
  1. Member Package annual fee of $395.

  2. Interest rate is current as at 24-Jun-2017 and is subject to change. Discount The 0.94% p.a. discount is offered off the reference rate for variable Flexible Home Loans with a Member Package where (i) the primary loan purpose at application is owner occupied (ii) repayments are principal & interest and where (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. iIf you apply after the discount has been withdrawn the Flexible Home Loan of $150,000 for a term of 25 yearswith 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. Flight Centre Holiday Deals. Depart Sydney to Hamilton Island with Virgin Australia and stay 5 nights at the 5 nights’ accommodation at the 4-star Reef View Hotel in a Garden View Room (with a daily buffet breakfast #winning). Advertised price is $1,149pp. 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 6/2/2017 -

  7. Refinanced the old loan with 30 years remaining to a new ME loan with a 30 year term.

Terms, conditions, fees and charges apply. Applications are subject to credit approval.

click to edit


1. Enter your current 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 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.