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Home Loans
Guides & Help
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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.
ME's lowest rate for...
- Home buyers. The ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR ≤ 80% (Owner Occupier, P&I) has a 1.99% p.a. interest rate and lets you borrow up to 80%.
- Investors. The ME Flexible Home Loan Fixed - 2 Year Fixed Rate (Investor, P&I) has a 2.64% p.a. interest rate and lets you borrow up to 80%.
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".
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.
| Feature | Details |
|---|---|
| Deposit size | Most ME mortgages let you borrow up to 80% of a property's value. The lender doesn't offer many low deposit mortgage options. |
| Split rate | The ME Flexible Home Loan with Member Package lets you split your loan into fixed and variable portions. |
| Offset account | The ME Flexible Home Loan with Member Package comes with an offset account. |
| Package benefits | ME'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.
Eligibility
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
Looking for more mortgage options?
- Online lenders. Compare more mortgages from online lenders.
- Big Four banks. Check out home loan rates from Australia's Big Four banks.
- Investors. Compare loans for property investors.
- Mortgage brokers. Find out how to get free, expert guidance from a mortgage broker.
More guides on Finder
-
ME Flexible Fixed Home Loan with Member Package
Lock in a competitive fixed rate with flexible terms such as extra repayments up to $30,000 each year.
-
ME Flexible Fixed Home Loan
A review of the Flexible Fixed Home Loan offered by ME Bank.
-
ME Basic Home Loan review
The ME Basic Home Loan is a no-frills home loan that offers a competitive variable rate and no ongoing account-keeping fees.
-
ME Flexible Home Loan review
The ME Flexible Home Loan is available with a fixed or variable rate, or it can be split to suit your needs.
Home Loan Offers
Important Information*Ask an Expert
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.
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.
Regards,
Jhezelyn
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.
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.
Cheers,
Liezl
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.
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,
Belinda
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.
Rgds
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.
Thanks,
Belinda
how do i go about using some of my super as a deposit with savings i already have
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.
Cheers,
Shirley