A loan that fits your life.

Need a home loan with that little bit extra? Our Flexible Home Loan gives you plenty of options to tinker with.

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Choose your rate

Go variable, or do a fixed or split loan for 1 to 7 years.

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Offset your loan

Let your savings cut your loan repayments with a 100% offset account.

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Pay early

Make extra repayments and get your loan paid off earlier.

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Redraws

Free redraws from available funds when you need them (min $500).

Rates.

  • Flexible home loan
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 5.03% p.a. 5.05% p.a.
    More than 80% 5.33% p.a. 5.35% p.a.
    interest-only
    80% or less 5.83% p.a. 5.85% p.a.
  • Member package4 - Loan amount less than $150,000
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 4.83% p.a. 5.22% p.a.
    above 80% and less than or equal to 90% 4.83% p.a. 5.22% p.a.
    More than 90% 5.18% p.a. 5.57% p.a.
    interest-only
    80% or less 5.43% p.a. 5.81% p.a.
  • Member package4 - Loan amount $150,000 - $400,000
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 3.79% p.a. 4.20% p.a.
    above 80% and less than or equal to 90% 4.29% p.a. 4.69% p.a.
    More than 90% 5.18% p.a. 5.57% p.a.
    interest-only
    80% or less 4.39% p.a. 4.79% p.a.
  • Member package4 - Loan amount $400,000 - $700,000
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 3.74% p.a. 4.15% p.a.
    above 80% and less than or equal to 90% 4.19% p.a. 4.59% p.a.
    More than 90% 5.18% p.a. 5.57% p.a.
    interest-only
    80% or less 4.34% p.a. 4.74% p.a.
  • Member package4 - Loan amount $700,000 or more
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 3.74% p.a. 4.15% p.a.
    above 80% and less than or equal to 90% 4.09% p.a. 4.50% p.a.
    More than 90% 5.18% p.a. 5.57% p.a.
    interest-only
    80% or less 4.34% p.a. 4.74% p.a.
  • Fixed5
    TermInterest rate2
    Comparison rate3
    principal & interest
    1 year 3.99% p.a. 4.95% p.a.
    2 year 3.74% p.a. 4.81% p.a.
    3 year 3.99% p.a. 4.77% p.a.
    4 year 4.29% p.a. 4.79% p.a.
    5 year 4.49% p.a. 4.82% p.a.
    6 year 5.49% p.a. 5.28% p.a.
    7 year 5.49% p.a. 5.30% p.a.
    interest-only
    1 year 4.59% p.a. 5.73% p.a.
    2 year 4.34% p.a. 5.57% p.a.
    3 year 4.59% p.a. 5.51% p.a.
    4 year 4.89% p.a. 5.52% p.a.
    5 year 5.09% p.a. 5.53% p.a.
    6 year 6.09% p.a. 5.98% p.a.
    7 year 6.09% p.a. 6.00% p.a.
  • Fixed - with Member Package5
    TermInterest rate2
    Comparison rate3
    principal & interest
    1 year 3.99% p.a. 4.22% p.a.
    2 year 3.74% p.a. 4.19% p.a.
    3 year 3.99% p.a. 4.25% p.a.
    4 year 4.29% p.a. 4.37% p.a.
    5 year 4.49% p.a. 4.49% p.a.
    6 year 5.49% p.a. 5.02% p.a.
    7 year 5.49% p.a. 5.13% p.a.
    interest-only
    1 year 4.59% p.a. 4.81% p.a.
    2 year 4.34% p.a. 4.78% p.a.
    3 year 4.59% p.a. 4.84% p.a.
    4 year 4.89% p.a. 4.96% p.a.
    5 year 5.09% p.a. 5.08% p.a.
    6 year 6.09% p.a. 5.63% p.a.
    7 year 6.09% p.a. 5.73% p.a.
  • Flexible home loan
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 5.79% p.a. 5.81% p.a.
    above 80% and less than or equal to 90% 6.09% p.a. 6.11% p.a.
    interest-only
    80% or less 6.59% p.a. 6.61% p.a.
  • Member package4 - Loan amount less than $150,000
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 5.08% p.a. 5.47% p.a.
    above 80% and less than or equal to 90% 5.08% p.a. 5.47% p.a.
    interest-only
    80% or less 5.48% p.a. 5.86% p.a.
  • Member package4 - Loan amount $150,000 - $400,000
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 4.34% p.a. 4.74% p.a.
    above 80% and less than or equal to 90% 4.74% p.a. 5.13% p.a.
    interest-only
    80% or less 4.94% p.a. 5.33% p.a.
  • Member package4 - Loan amount $400,000 - $700,000
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 4.29% p.a. 4.69% p.a.
    above 80% and less than or equal to 90% 4.64% p.a. 5.04% p.a.
    interest-only
    80% or less 4.89% p.a. 5.28% p.a.
  • Member package4 - Loan amount $700,000 or more
    Loan to value ratiohelp_outlineInterest rate2
    Comparison rate3
    principal & interest
    80% or less 4.19% p.a. 4.59% p.a.
    above 80% and less than or equal to 90% 4.54% p.a. 4.94% p.a.
    interest-only
    80% or less 4.79% p.a. 5.18% p.a.
  • Fixed5
    TermInterest rate2
    Comparison rate3
    principal & interest
    1 year 4.29% p.a. 5.66% p.a.
    2 year 4.39% p.a. 5.54% p.a.
    3 year 4.49% p.a. 5.45% p.a.
    4 year 4.59% p.a. 5.39% p.a.
    5 year 4.79% p.a. 5.39% p.a.
    6 year 6.29% p.a. 6.06% p.a.
    7 year 6.29% p.a. 6.09% p.a.
    interest-only
    1 year 4.69% p.a. 6.41% p.a.
    2 year 4.79% p.a. 6.26% p.a.
    3 year 4.89% p.a. 6.13% p.a.
    4 year 4.99% p.a. 6.03% p.a.
    5 year 5.19% p.a. 6.00% p.a.
    6 year 6.69% p.a. 6.66% p.a.
    7 year 6.69% p.a. 6.67% p.a.
    1 Year Fixed Interest In Advance 4.69% p.a. 6.41% p.a.
  • Fixed - with Member Package5
    TermInterest rate2
    Comparison rate3
    principal & interest
    1 year 4.29% p.a. 4.74% p.a.
    2 year 4.39% p.a. 4.75% p.a.
    3 year 4.49% p.a. 4.78% p.a.
    4 year 4.59% p.a. 4.83% p.a.
    5 year 4.79% p.a. 4.93% p.a.
    6 year 6.29% p.a. 5.70% p.a.
    7 year 6.29% p.a. 5.82% p.a.
    interest-only
    1 year 4.69% p.a. 5.31% p.a.
    2 year 4.79% p.a. 5.30% p.a.
    3 year 4.89% p.a. 5.32% p.a.
    4 year 4.99% p.a. 5.35% p.a.
    5 year 5.19% p.a. 5.44% p.a.
    6 year 6.69% p.a. 6.21% p.a.
    7 year 6.69% p.a. 6.32% p.a.
    1 Year Fixed Interest In Advance 4.69% p.a. 5.31% p.a.

Want to see what else is on offer?
Check out the whole home loan range.

Member package.

Save even more on your loan by adding a Member Package

For just $395 per year on eligible loans, you get all this:
  • lower variable interest rate
  • no valuation fee (save $200)
  • no solicitor fee (save $200)
  • no fee for fixing your loan (save $250)
  • no fee for splitting your loan (save $250)
  • no fee for topping up (save $250)

Facts.

  • Vital facts
    Minimum loan
    $40,000
    Loan term
    Up to 30 years
    Rate options
    Variable, fixed, or split
    Fixed rate terms
    1 - 7 years
    Annual fee
    $0
    Application fee
    $0
    Repayment options
    Weekly, fortnightly, or monthly
  • Features
    Member package discount4
    Available
    Pay interest only
    5 years for owner occupied, and for 10 years as an investor. Available when Loan to Value Ratio is 80% or less.
    Pay interest in advance
    1 year advance available (investors only)
    Repayment holidays
    Available
    Extra repayments
    Unlimited for variable rate loans
    Up to $30,000 for fixed rate loans
    Rate Lock
    Lock your application rate for 90 days for $500
  • Fees
    Lenders Mortgage Insurance
    Charged if you borrow more than 80% of the property's value. Fee varies.
    Solicitor fee
    $200 ($0 with Member Package)
    Valuation fee
    $200 ($0 with Member Package)
    Agent fee
    $110
    Fix or split loan fee
    $250 ($0 with Member Package)
    Redraw fee
    $0 (minimum redraw of $500)

Other fees may apply during the course of the loan.

But wait, there's more.

We said there were plenty of options, and we mean it.

Go Interest-only.

Pay interest-only for up to 5 years – or up to 10 if you’re investing.

Cut your rate

Add a Member Package for $395 a year and get a discounted variable rate for the life of your loan.

Top ups

Need cash for a big purchase? Just top up your loan – no muss, no fuss. A $250 application fee applies if you are successful. 

Repayment holidays

Get a break from repayments when the unexpected happens.

Do the maths.

We've got a whole crate of home loan calculators to help you min/max your loan options.

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Borrowing power

Find out how big a slice you can borrow based on your earnings.

Serve it up
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Loan repayments

Tinker with the options and suss out your potential repayment amounts.

Get tinkering
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Extra Repayments

Get a taste of what your repayments will work out to be should you ever increase them.

Lick your loan

Contact us.

Call us

Got home loan questions? Give us a call on 13 15 63 and we’ll help you out.

13 15 63

Or don't

Keen to talk home loans, but short on time? Leave your details and we’ll call you.

get a call back

Face time.

Our home loan specialists come to you – and you choose the time and place.

book a meet up

Help and
support.

  • Topping up your loan.

    Renovating? Planning a trip? You could top up your home loan to the tune of $20,000 or more to get the extra cash. (There is a $250 application fee, but it only applies if your top up application is successful.)

  • Found a fixed rate you like? Lock it in today.

    Worried rates might rise before you finalise your loan? For $500 you can lock in a fixed rate for the next 90 days – and when you settle, you’ll get whichever rate is lower: your locked-in rate or the current rate.

  • Who can take out loans with ME.

    To take out a home loan with ME you need to be 18 or older, and be a citizen or permanent resident of Australia or New Zealand.

  • Paying off your loan early.

    If your loan has a variable interest rate you can make extra repayments as much as you want, and there’s no penalty for paying your loan off early.
    If you’ve got a fixed rate loan, you can pay up to an extra $30,000 during the fixed-rate period.

  • Using your current property as loan security.

    If you’re planning on using your current property as security for a loan, it’ll need to be evaluated by one of ME’s property valuers. To check whether your property is likely to be suitable, get in touch on 13 15 63.

  • How interest rates are set.

    There are a few things that influence interest rates, but the main one is the ‘cash rate’ that’s set by the Reserve Bank of Australia. Whenever the Reserve Bank increases or decreases the cash rate, the Australian banks typically pass on the change to their customers – but not always.
    Sometimes, to balance the interest rates they’re paying for customer savings, the rates they’re paying to borrow from other financial institutions, and to increase profits for their shareholders, banks won’t pass on the full rate change to customers.

Step up your finance game.

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Stay in the loop.

Looking to get the jump on the housing market? Sign up to our regular article series for tips, tricks, and strategies on finding and buying the right property.



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the legal stuff.

  1. (1) 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.

  2. (2) Interest rates are current as at 22-Sep-2017 and are subject to change. The variable interest rate may include a discount or margin that is 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 any discount or margin at any time.

  3. (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 an LVR of 80% or less and a loan amount of $150,000 to less than $400,000. The comparison rates for interest-only fixed loans are based on the interest-only period being equal to the fixed rate term.

  4. (4) Member Package annual fee of $395 applies.

  5. (5) A 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. 

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