05-May-2015 • Corporate
ME Bank’s Standard Home Loan variable interest rate will drop to 4.88% p.a. (comparison rate 4.89% p.a.) and its member package rate will fall to 4.68% p.a. (comparison rate 5.07% p.a.) providing one of the most competitive rates for home loans up to $500,000.
The new home loan rates are mostly effective 22 May 2015.
| Product |
New variable rate % p.a. |
Comparison Rate % p.a.# |
Effective Date |
Basic home
|
4.29
|
4.30
|
22/5/2015
|
Flexible home loan
|
4.88
|
4.89
|
22/5/2015
|
Flexible home loan – Member Package
|
4.68
|
5.07
|
22/5/2015
|
Standard Home Loan
|
4.88
|
4.89
|
22/5/2015
|
Interest Only Investment Loan
|
4.88
|
4.89
|
15/6/15
|
Standard Home Loan - Settled before 01-Oct-98
|
4.88
|
4.89
|
15/6/15
|
Member Package – Standard Home Loan
|
4.68
|
5.07
|
22/5/2015
|
Member Package - Ultimate Offset Account
|
4.68
|
5.07
|
22/5/2015
|
Member Package -
Interest Only Investment Loan
|
4.68
|
5.07
|
15/6/15
|
Ultimate Offset Account - Version 2
|
5.18
|
5.19
|
22/5/2015
|
-Ends-
Interest rates are proposed as at 5/5/2015 and subject to change. Terms and conditions are available on request. Fees and charges may apply. Applications are subject to credit approval. Australian Credit Licence 229500. #Comparison rates calculated on a loan of $150,000 for a term of 25 years, repaid monthly. 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.