flexible home loan.

Book a Mobile Banker.

meet ME.
  • >Free service
  • >No obligation


Customisable to your heart’s content – a loan to fit every lifestyle and situation.

 

• Competitive fixed or variable rates (or have it both ways with a split
   loan).
• Use money in your Everyday Transaction Account to offset your loan.
• Redraw your cash from available funds when you need it.
• No application or account-keeping fees#.
• Buy a Member Package for more savings~.

 

 

 

 

 

lower variable rate:
Combine with a Member Package~ and receive a lower variable rate on your loan.
minimum loan amount. $40,000
repayment options. Choose from weekly, fortnightly or monthly repayments
interest rate options.
  • Variable, Fixed and Split loan options available
  • Fixed terms from between 1 and 7 years and 1 year interest in advance option
fewer and lower fees. No application fee or ongoing account-keeping fees#
offset account. 100% offset on your variable loan component with an ME Everyday Transaction Account
repayment holidays. Available, subject to approval 
interest only. Available on all loans for a period of  up to 10 years 
redraw. Redraw your cash from available funds when you need it, at no charge (minimum $500)
construction lending. Available
additional repayments. No extra charge for additional repayments to a variable rate loan and  no extra charge for additional repayments up to $30,000 on a fixed rate component during the fixed interest rate period
we'll come to you. Book an appointment with an ME Mobile Banker at a time and place that is convenient to you. 
Flexible Home Loan 
Loan to Value Ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin
for new loans4
80% or less 4.93% p.a. 4.95% p.a. 4.93% p.a. 0.00% p.a.
more than 80% 5.23% p.a. 5.25% p.a. 4.93% p.a. +0.30% p.a.
Flexible Home Loan with Member Package ($395 annual fee applies)
loan amount less than $150,000
loan to value ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin for new loans4
any LVR 4.73% p.a. 5.12% p.a. 4.73% p.a. 0.00% p.a.
loan amount $150,000 to less than $400,000
loan to value ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin for new loans4
80% or less 3.89% p.a. 4.30% p.a. 4.73% p.a. -0.84% p.a.
above 80% and less than or equal to 90% 4.19% p.a. 4.59% p.a. 4.73% p.a. -0.54% p.a.
more than 90% 4.73% p.a. 5.12% p.a. 4.73% p.a. 0.00% p.a.
loan amount $400,000 to less than $700,000
loan to value ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin for new loans4
80% or less 3.79% p.a. 4.20% p.a. 4.73% p.a. -0.94% p.a.
above 80% and less than or equal to 90% 4.09% p.a. 4.50% p.a. 4.73% p.a. -0.64% p.a.
more than 90% 4.63% p.a. 5.03% p.a. 4.73% p.a. -0.10% p.a.
loan amount $700,000 or more
loan to value ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin for new loans4
80% or less 3.69% p.a. 4.11% p.a. 4.73% p.a. -1.04% p.a.
above 80% and less than or equal to 90% 3.99% p.a. 4.40% p.a. 4.73% p.a. -0.74% p.a.
more than 90% 4.54% p.a. 4.94% p.a. 4.73% p.a. -0.19% p.a.
Fixed rates5 
Flexible Home Loan With Member Package
($395 annual fee applies)
Term Interest rate Comparison rate6
Interest rate Comparison rate6
1 year 3.99% p.a. 4.86% p.a. 3.99% p.a.  4.31% p.a. 
2 years 3.99% p.a. 4.78% p.a. 3.99% p.a. 4.32% p.a. 
3 years 3.79% p.a. 4.65% p.a. 3.79% p.a.  4.27% p.a.
4 years 4.49% p.a. 4.80% p.a. 4.49% p.a. 4.50% p.a.
5 years 4.49% p.a. 4.77% p.a. 4.49% p.a. 4.55% p.a. 
6 years 5.49% p.a. 5.22% p.a. 5.49% p.a.  5.07% p.a.
7 years 5.49% p.a. 5.26% p.a. 5.49% p.a.  5.17% p.a. 

Flexible Home Loan
Loan to Value Ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin
for new loans4
80% or less 5.44% p.a. 5.46% p.a. 4.93% p.a. +0.51% p.a.
more than 80% 5.74% p.a. 5.76% p.a. 4.93% p.a. +0.81% p.a.
Flexible Home Loan with Member Package ($395 annual fee applies)
loan amount less than $150,000
loan to value ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin for new loans4
any LVR 4.73% p.a. 5.12% p.a. 4.73% p.a. 0.00% p.a.
loan amount $150,000 to less than $400,000
loan to value ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin for new loans4
80% or less 4.14% p.a. 4.55% p.a. 4.73% p.a. -0.59% p.a.
above 80% and less than or equal to 90% 4.39% p.a. 4.79% p.a. 4.73% p.a. -0.34% p.a.
more than 90% 4.73% p.a. 5.12% p.a. 4.73% p.a. 0.00% p.a.
loan amount $400,000 to less than $700,000
loan to value ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin for new loans4
80% or less 4.09% p.a. 4.50% p.a. 4.73% p.a. -0.64% p.a.
above 80% and less than or equal to 90% 4.29% p.a. 4.69% p.a. 4.73% p.a. -0.44% p.a.
more than 90% 4.73% p.a. 5.12% p.a. 4.73% p.a. 0.00% p.a.
loan amount $700,000 or more
loan to value ratio (LVR)1 variable interest
rate for new loans2
comparison
rate3
reference
rate
discount/margin for new loans4
80% or less 4.04% p.a. 4.45% p.a. 4.73% p.a. -0.69% p.a.
above 80% and less than or equal to 90% 4.19% p.a. 4.59% p.a. 4.73% p.a. -0.54% p.a.
more than 90% 4.73% p.a. 5.12% p.a. 4.73% p.a. 0.00% p.a.
Fixed rates5 
Flexible Home Loan With Member Package
($395 annual fee applies)
Term Interest rate Comparison rate6
Interest rate Comparison rate6
1 year 4.09% p.a. 5.33% p.a. 4.09% p.a.  4.54% p.a. 
2 years 4.09% p.a. 5.21% p.a. 4.09% p.a. 4.54% p.a. 
3 years 3.89% p.a. 5.04% p.a. 3.89% p.a.  4.48% p.a.
4 years 4.59% p.a. 5.16% p.a. 4.59% p.a. 4.70% p.a.
5 years 4.59% p.a. 5.10% p.a. 4.59% p.a. 4.73% p.a. 
6 years 6.29% p.a. 5.89% p.a. 6.29% p.a.  5.60% p.a.
7 years 6.29% p.a. 5.94% p.a. 6.29% p.a.  5.74% p.a. 
1 Year Fixed Interest In Advance 4.09% p.a. 5.33% p.a. 4.09% p.a. 4.54% p.a.

 

 

Other fees may apply over the life of the loan. Please call 13 15 63 if you have any questions.
Application fee No fee
Account-keeping fee No fee
Solicitor fee

Our solicitors prepare the mortgage and attend to settlement of your property and this fee covers some of our costs. It is waived if you have a Member Package.

$200

(waived under a Member Package)

Valuation fee

We may need to value your property and this fee is charged per property valued and covers some of our costs. It is waived if you have a Member Package.

$200

(waived under a Member Package)

Agent fee

Payable at or before settlement if our external solicitors are required to instruct an agent to conduct the settlement (e.g. settlements which take place in rural areas).
$110

Lenders Mortgage Insurance (LMI)

Payable when the loan amount is greater than 80% of the property's value. For more information on when and how much LMI is required, please call us on 13 15 63.

Call us

Fixed / Split Loan Variation Fee

This fee is payable when you request to fix or split your loan after settlement. It is waived if you have a Member Package.

$250

(waived under a Member Package)

Rate Lock Fee

Lock in the fixed rate on the day of application to protect yourself from interest rate increases.  Rate lock expires 90 days after purchase.

$500

Member Package 

 

For an annual fee access a great range of benefits including a lower variable interest rate and the key fee waivers including solicitor, top-up, valuation and fix/split loan variation.

$395 (annual payment)

 

things you should know

Interest rates are current as at 8am 31-Aug-2016 and subject to change.

#Solicitor, valuation and agent fees may apply

~A Member Package annual fee of $395 applies

*Investment loan purpose includes but is not limited to, funds for shares, land, construction or an established dwelling (including refinance of investment loans) for investment purposes. For loans with mixed purpose, investment rates apply where a loan is used predominantly (greater than 50%) for investment purposes.

1Loan to Value Ratio (LVR) is the loan amount divided by the value of your property (determined by ME at assessment), multiplied by 100.

2The variable interest rate includes any applicable discounts/margins for new loans.

3Home 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.

4Discounts (-) and margins (+) may be applied to the product's variable reference rate. Discounts are offered to new home loan applications only, 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.

5A current fixed rate can be secured for 90 days by paying a $500 rate lock request fee. At settlement you will get the better of the two rates.

6This comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to less than $400,000.

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