ME Home Loans

Rates and Fees verified correct on March 29th, 2017

ME-BankBorrow from a bank only interested in helping Australians like you.

ME, or Member's Equity, was established in 1994 by Industry Super Funds. ME offers a range of home loans, bank accounts, credit cards and business banking products to suit a diverse range of financial needs.

ME offers a range of products, including fixed and variable rate home loans, savings accounts and personal loans. As of November 2012 ME decided to do away with bricks and mortar branches. Customers can apply and access loans or savings accounts completely online, via the telephone or through a mobile banker.

Not having a retail branch system means ME can offer competitive interest rates and low fees.

ME Home Loan Offer

ME Basic Home Loan - LVR <=80% Owner Occupier

4.09 % p.a.

variable rate

4.11 % p.a.

comparison rate

ME Home Loan Offer

Get the ME Basic Home Loan - LVR <=80% Owner Occupier home loan and pay no application or ongoing fees.

  • Interest Rate of 4.09% p.a.
  • Comparison Rate of 4.11% p.a.
  • Application Fee of $0
  • Maximum LVR: 80%
  • Minimum Borrowing: $40,000
Go to site

Compare ME Home Loans

Rates last updated March 29th, 2017
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
ME Basic Home Loan - LVR <=80% Owner Occupier
A low variable rate loan with no application or ongoing fees.
4.09% 4.11% $0 $0 p.a. 80% Go to site More info
ME Flexible Home Loan Fixed - 3 Year Fixed Rate (Owner Occupier)
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
4.09% 4.80% $0 $0 p.a. 95% Go to site More info
ME Flexible Home Loan With Member Package - LVR <=80% $400k up to $699,999 (Owner Occupier)
Enjoy a discount of a competitive interest rate and 100% offset account.
3.89% 4.30% $0 $395 p.a. 80% Go to site More info
ME Flexible Home Loan Fixed - 2 Year Fixed Rate (Owner Occupier)
No application or ongoing fees and a competitive 2 year fixed rate.
3.94% 4.85% $0 $0 p.a. 95% Go to site More info
ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate (Owner Occupier)
Lock in a competitive rate for owner occupiers for two years. Extra repayments up to $30,000 per year can be made.
3.94% 4.35% $0 $395 p.a. 95% Enquire now
4.19% 4.59% $0 $395 p.a. 90% Enquire now
ME Flexible Home Loan - LVR <= 80% Owner Occupier
A customisable home loan with a 100% offset account.
5.03% 5.05% $0 $0 p.a. 80% Enquire now
3.89% 4.35% $0 $395 p.a. 95% Enquire now
4.09% 4.39% $0 $395 p.a. 95% Enquire now
4.29% 4.47% $0 $395 p.a. 95% Enquire now
4.49% 4.57% $0 $395 p.a. 95% Enquire now
5.49% 5.10% $0 $395 p.a. 95% Enquire now
5.49% 5.19% $0 $395 p.a. 95% Enquire now
3.89% 4.94% $0 $0 p.a. 95% Enquire now
4.29% 4.79% $0 $0 p.a. 95% Enquire now
4.49% 4.82% $0 $0 p.a. 95% Enquire now
ME Flexible Home Loan Fixed - 6 Year Fixed Rate (Owner Occupier)
Lock in your rate for 6 years with the option to make up to $30,000 in extra repayments during this time.
5.49% 5.28% $0 $0 p.a. 95% Enquire now
ME Flexible Home Loan Fixed - 7 Year Fixed Rate (Owner Occupier)
Pay no application or ongoing fees and lock in your rate for 7 years.
5.49% 5.30% $0 $0 p.a. 95% Enquire now
Rates last updated March 29th, 2017
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
ME Basic Home Loan - LVR <= 80% Investor
A no frills home loan for investors.
4.24% 4.26% $0 $0 p.a. 80% Enquire now
ME Flexible Home Loan - LVR <= 80% Investor
Invest in property with this flexible home loan.
5.54% 5.56% $0 $0 p.a. 80% Enquire now
4.24% 4.64% $0 $395 p.a. 80% Enquire now
4.19% 5.19% $0 $0 p.a. 95% Enquire now
3.99% 4.66% $0 $395 p.a. 95% Enquire now
4.09% 5.29% $0 $0 p.a. 95% Enquire now
4.39% 5.16% $0 $0 p.a. 95% Enquire now
3.99% 5.41% $0 $0 p.a. 95% Enquire now
4.59% 4.82% $0 $395 p.a. 95% Enquire now
4.19% 4.67% $0 $395 p.a. 95% Enquire now
4.59% 5.16% $0 $0 p.a. 95% Enquire now
4.39% 4.73% $0 $395 p.a. 95% Enquire now
3.99% 4.66% $0 $395 p.a. 95% Enquire now
3.99% 5.41% $0 $0 p.a. 95% Enquire now
4.09% 4.66% $0 $395 p.a. 95% Enquire now
6.29% 5.68% $0 $395 p.a. 95% Enquire now
6.29% 5.80% $0 $395 p.a. 95% Enquire now
6.29% 5.98% $0 $0 p.a. 95% Enquire now
6.29% 5.94% $0 $0 p.a. 95% Enquire now

What home loans do ME offer?

ME offers different home loans products which each suit different purposes and all are available for both owner occupier and investment purposes, so have a look below to find out the features each one has:

Basic Home Loan

This is a no-frills home loan which comes with a low interest rate, flexible repayment options and a high maximum LVR without expensive features you may not need.

ME doesn't charge application or annual fees, and also offers interest-only terms for up to 10 years with this loan.
ME Basic Home Loan

Flexible Home Loan

The Flexible Home Loan from ME offers a range of features for borrowers, and is available with variable, fixed or split rates.

Like the Basic Home Loan, the Flexible Home Loan comes with a high maximum LVR and flexible repayment options, as well as a redraw facility, offset account and interest-only options.

The loan is also available with the Member Package at a cost of $395 a year, allowing borrowers to save on a number of fees, including the valuation and solicitors fees. The Member Package also offers a lower interest rate.
ME Flexible Home Loan

Members Package

Further discounts are available for borrowers who take out all of their main accounts with ME. ME Flexible Home Loans are available with the Members Package for those customers who are willing to pay an annual fee in exchange for lower interest rates and discounts on fees and other ME products.

In addition to having your credit, transaction and savings accounts with ME, you’ll also need to pay an annual fee of $395 to be able to take advantage of the Members Package. The Members Package offers benefits such as:

  • No annual fees with your ME Low Rate MasterCard, saving you $49
  • No valuation fees with your loan, saving borrowers around $150
  • No legal fees, saving borrowers approximately $150
  • No fee for fixing all or part of your loan, saving $150

Even with ME's low fee home loans the fee for the Members Package is offset by $499 of savings at the onset of the loan. You can then save more each year through the further interest rate discount.
ME Flexible Home Loan with Members Package

Features of ME loans:

ME's products are suitable for first home buyers, self-employed borrowers, those looking to refinance, and finally those hoping to build or renovate their homes. ME’s loans may offer the following features:

  • High maximum LVR: Most loans from ME have a maximum loan-to-value ratio (LVR) of 95%, meaning borrowers need only a 5% deposit. It should be noted, though, that you'll have to pay a lenders mortgage insurance (LMI) premium if your LVR is greater than 80%. The premium you will pay depends on the property value and the size of your deposit.
  • Members discount: If you take out the Member's Package, you'll receive a lower interest rate on your home loan. The annual fee for this package is $395, and you’ll receive larger rate discounts again.
  • Free redraw: Each of the loans on offer from ME has a free redraw facility attached to it. This means you can make additional repayments on your loan, and then withdraw any of these additional funds free of charge in the event of an emergency or for large purchases.
  • Repayments: With most ME home loans you can choose to make your repayments weekly, fortnightly or monthly. Interest-only loans, however, must be repaid monthly.

What do I do if I’m interested in a product?

If you are interested in finding out more about one of the loans listed above you can click through to the product's review page or go to the ME website.

Before contacting ME directy be sure you meet their cirteria of eligibilty for a home loan below:

  • Aged 18 years and above
  • Are a citizen or permanent resident of Australia or New Zealand

Once confirming that you are eligible you can contact ME to organise a time to discuss your situation with an ME mobile banker. All you need to do is type in your name, email address, phone number, postcode and the loan amount and product you’re interested in, and a specialist will contact you.

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This page was last modified on 8 March 2017 at 11:41am.

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comp rate of 3.61%p.a.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤85% ($150K+ Owner Occupier)

Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.

Newcastle Permanent Building Society Premium Plus Package Home Loan - New Customer Offer ($150,000+ Owner Occupier)

Apply for a new owner occupier loan or refinance from another lender and receive this discounted rate.

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16 Responses to ME Home Loans

  1. Default Gravatar
    Francis | April 15, 2016

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

    • Staff
      Belinda | April 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,

  2. Default Gravatar
    Vijay | June 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.

    • Staff
      Belinda | June 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 on this page.


  3. Default Gravatar
    trent | November 17, 2014

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

    • Staff
      Shirley | November 18, 2014

      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 on this page.


  4. Default Gravatar
    | July 7, 2014

    What is your variable rate . Looking to refinance

    • Staff
      Shirley | July 8, 2014

      Hi Kaan,

      Thanks for your question.

      Please refer to the link I’ve emailed you regarding ME Bank home loans.


  5. Default Gravatar
    Karen | April 9, 2014

    What is the maximum LVR allowed for a refinance?
    Can i have my whole loan fixed, or does a portion have to be variable?

    • Staff
      Shirley | April 10, 2014

      Hi Karen,

      Thanks for your question.

      The maximum LVR you can refinance to depends on the specific loan you choose to apply for. You can your whole loan either fixed or variable, again this depends on the specific type of loan you choose.

      If you’d like advice on your home loan, you may want to speak to a mortgage broker.


  6. Default Gravatar
    Aaron | February 22, 2014

    Can I use my cbus fund as a deposit for a home loan.

    • Staff
      Marc | February 24, 2014

      Hi Aaron,
      thanks for the question.

      Super can’t be used for a home loan deposit unless you have a Self Managed Super Fund (SMSF) being used to purchase an investment property.

      I hope this helps,

  7. Default Gravatar
    Tony | January 12, 2014

    Can you use any of your C’bus super as a deposit on a house loan

  8. Default Gravatar
    Shane | January 6, 2014

    I would like to apply for a home loan.



    • Staff
      Marc | January 6, 2014

      Hello Shane,
      thanks for the question.

      You can apply for a home loan from ME Bank by clicking the ‘Go to site’ buttons next to the relevant loan, or contacting ME Bank directly.


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