ME Home Loans

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On this page you can find information about ME home loans. Skip ahead to the full table of products or read more about the lender.

Compare ME home loans

Compare ME home loan products below and hit "load more" to see a fuller selection of loans. "Go to site" will direct you to ME’s website for the product you selected. You can also find more information on each individual product by clicking "more info".

Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
ME Flexible Home Loan Fixed with Members Package
3.33% p.a.
$395 p.a.
Lock in a competitive rate for owner occupiers for two years. Comes with a 100% offset account.
ME Flexible Home Loan Fixed
4.65% p.a.
$0 p.a.
Lock in a competitive rate for 2 years, unlock package discounts and use a 100% offset account to minimise interest payments.
ME Flexible Home Loan Fixed with Members Package
3.27% p.a.
$395 p.a.
Get a low 3 year fixed rate with a 100% offset account and package discounts.

Compare up to 4 providers

ME lender profile

  • ME, or Member's Equity, was established in 1994 by Industry Super Funds. As of November 2012 ME decided to do away with bricks and mortar branches.
  • ME has basic and package mortgages for home buyers and investors.
  • Customers can apply and access loans or savings accounts completely online, via the telephone or through a mobile banker.

ME mortgage features

ME has multiple home loans for investors and owner occupiers, with fixed and variable rates.

Deposit sizeMost ME mortgages let you borrow up to 80% of a property's value. The lender doesn't offer many low deposit mortgage options.
Split rateThe ME Flexible Home Loan with Member Package lets you split your loan into fixed and variable portions.
Offset accountThe ME Flexible Home Loan with Member Package comes with an offset account.
Package benefitsME's package loans come with an annual package fee, but this waives other fees, saving you more money.

How do I apply for an ME mortgage?

Clicking "Go to Site" on ME's comparison table will start your application process and redirect you through to ME’s website.


Each ME product have specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with ME you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

  • Identification documents. You will need identification such as a driver's license, passport or birth certificate.
  • Proof of income documents. Recent payslips can establish your income.
  • Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Detailed guide to home loan applications and paperwork

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20 Responses

    Default Gravatar
    DamianOctober 6, 2017

    I have a Flexible Home Loan with ME Bank and I would like to switch it to Basic Home Loan with lower interest rate. What would be right procedure to go about it? Thanks.

      Avatarfinder Customer Care
      JhezOctober 6, 2017Staff

      Hi Damian,

      Thank you for your comment.

      Generally, banks do offer flexible ways to help you with your loans considering your current situation. Regarding the procedure on how to go about switching your home loan from Flexible to Basic, it might be time to talk to your bank about getting a loan check up. One of their specialists can take a look through your current loan situation and help bring it up to speed. Hoping for the best.


    Default Gravatar
    SangitaMay 29, 2017

    Hi, I do have loan and its 2 years fixed. But I do have few extra saving at the end of the year which I want to put to reduce my loan will I be able to do it.
    Hope to get answer for my question.

      Default Gravatar
      LiezlMay 30, 2017

      Hi Sangita,

      Thanks for reaching out.

      Yes, you can make extra repayments up to $30,000 during the fixed interest rate period. Kindly note that you are not able to redraw from a fixed interest rate facility during the fixed rate period.

      I hope this helps.


    Default Gravatar
    FrancisApril 15, 2016

    I have a unencumbered property worth 1.2 m. My wife and I receive Centrelink benefits. Would we be eligible for a loan up to $150,000.

      Default Gravatar
      BelindaApril 15, 2016

      Hi Francis,

      Thanks for reaching out.

      You can read our guide about home loans for Centrelink recipients which explains how you can go about applying for a home loan. Here, you can also view which Centrelink benefits are accepted by lenders and you can enquire with a mortgage broker to discuss your borrowing options.

      Please note that most lenders only accept government benefits as a secondary source of income and they treat these types of applications on a case-by-case basis.

      If you can prove to the lender that you have sufficient assets and savings to service the loan, you may be able to qualify for finance. However, keep in mind that a lender will also review your credit history and any existing debts that you have (e.g. personal loans or credit cards) when determining your propensity to repay the loan.

      All the best,

    Default Gravatar
    VijayJune 10, 2015

    I have fixed interest home loan for 3yrs.can I make 100% offset account, and what will be the procedure . I have zero knowledge in this matter.

      Default Gravatar
      BelindaJune 11, 2015

      Hi Vijay,

      Thanks for your enquiry.

      Fixed-rate home loans don’t typically offer features such as 100% offset accounts, however, there are some fixed home loans that do offer this feature or alternatively, a partial offset account.

      To find out whether your lender offers a 100% offset account as part of your home loan, you’ll need to contact them directly.

      Otherwise, you can compare different lenders that offer fixed loans with 100% offset accounts.

      I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.


    Default Gravatar
    trentNovember 17, 2014

    how do i go about using some of my super as a deposit with savings i already have

      Avatarfinder Customer Care
      ShirleyNovember 18, 2014Staff

      Hi Trent,

      Thanks for your question.

      Are you referring to an SMSF home loan? At this current point in time, ME Bank doesn’t have this facility available. If you’d like, you can compare a range of SMSF home loans.


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