ME interest rates update.

ME interest rates update.

ME regularly reviews rates on our savings and home loans following each Reserve Bank of Australia’s (RBA) decision to ensure they balance the needs of savers and borrowers and are competitive in the market.

Keep checking this page, as we will keep it up to date with the latest information. 

For more information, view our media release.

What this means for your home loan.

What this means for your home loan.

We know that changes to your home loan and interest rate can be concerning. That's why we're here to help you understand what it means for your loan and offer some helpful tips to prepare for any potential changes.

Variable Loans

If you have a variable rate loan, it means that your interest rate and repayments can change with fluctuations in the market. We’ll keep you informed and prepared and will always send you a notification ahead of time to let you know of any changes to your repayment amount and the effective date.

We have some useful tools below that can help you calculate how interest rate changes will affect your loan repayments and how to budget accordingly.

Fixed Loans

If you have a fixed rate loan, you can relax knowing that your repayments will stay the same for the duration of the fixed rate period. But once the fixed rate period ends, your loan will revert to a variable rate, and we'll let you know in advance of what this means for you and the options available.

Since the interest rates might have changed  since you fixed, it’s a great idea to start putting aside extra savings now to prepare for when your fixed rate period ends. You’ll find some great advice and resources on getting prepared below. 

Financial Difficulty

With the rising cost of living, many Australians are feeling the pinch. ME is here to help. If you’re experiencing financial difficulty, reach out to us as early as possible. The sooner you contact us, the sooner we can try to help. The best way to let us know about your situation is to call ME on 1300 500 520.

For further information, please visit our financial hardship page. 

Have repayment questions? Fixed rate expiring soon?

Call ME on 13 15 63 or book a home loan check in. We'll be happy to answer any home loan questions you have and discuss options that are available based on your specific situation.

Maximise your savings.

Rate rises come with a silver lining. Let rising interest rates work in your favour.

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