02-Aug-2019 • Corporate

ME has announced its lowest ever rate, cutting its 3 year fixed home loan rate to 3.18% p.a.

ME’s 3-year fixed rate is available to home loan customers with a Member Package1 (for owner occupiers paying principal and interest with an LVR ≤90%).

The bank has made further rate cuts across its fixed home loan range for both investors and owner occupiers.

Fixed Rate Term Previous Fixed Rate Previous comparison rate3 Change New Fixed Rate 2 New comparison rate3
Owner-occupied, Principal & Interest, ≤80% LVR
3 Year 3.58% p.a. 3.97% p.a. -0.40% 3.18% p.a. 3.87% p.a.
Owner-occupied, Principal & Interest, >80% to ≤90% LVR
3 Year 3.58% p.a. 4.29% p.a. -0.40% 3.18% p.a. 4.19% p.a.
Things you should know
  1. $395 annual Member Package fee applies.
  2. Interest rate is subject to change.
  3. Home Loan comparison rates calculated 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. Fixed rate comparison rates only apply for loans with a loan amount of $150,000 to less than $400,000.