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ME home loans

ME Bank has home loans for owner-occupiers and investors, with rates starting from 5.79%.

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ME Bank is an online Australian bank owned by the Bank of Queensland. ME Bank offers various fixed and variable home loans online. Check out the full table of ME Bank products below or read more about the lender and its loans.

  • Refinance cashback offer
    ME is offering up to $3,000 cashback for eligible refinancers, depending on the equity they have in their home.

    A $2,000 cashback is on offer for home loans of at least $400k. A $3,000 cashback is on offer for home loans of at least $700k. The LVR for both offers must be less than 80%.

    This offer is for applications received from 8 September 2023 where borrowers want to switch an existing home loan from another lender. Loans must be settled within 120 days of the loan application date.

    Any applications for a refinance from another bank which was received before 8 September 2023 will be eligible for the previous cashback offer. Refinancers with an LVR of between 60.01% and 80% were eligible for $2,000 cashback. Refinancers with an LVR of less than 60% were eligible for $4,000 cashback. Eligible for loans of at least $250,000.

Compare ME Bank home loans for April 2024

Hit the "Load more" button to compare a bigger selection of products and hit the green button to go to ME Bank's website to start an enquiry or learn more about the loan.

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1 - 5 of 15
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest20% min. depositOwner-occupier$150k+
Interest Rate
Comparison Rate
Application: $0
Ongoing: $0 p.a.
Monthly Payment
Refinancers can get $2,000 cashback for loans above $400k, or $3,000 cashback for loans above $700k. Other conditions apply.
Principal & Interest40% min. depositOwner-occupierOffset account$400k up to $699,999
Interest Rate
Comparison Rate
Application: $0
Ongoing: $0 p.a.
Monthly Payment
Refinancers can get $2,000 cashback for loans above $400k, or $3,000 cashback for loans above $700k. Other conditions apply.
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Interest Rate
Comparison Rate
Application: $0
Ongoing: $0 p.a.
Monthly Payment
Refinancers can get $2,000 cashback for loans above $400k, or $3,000 cashback for loans above $700k. Other conditions apply.
Principal & Interest20% min. depositOwner-occupierOffset account$700k+
Interest Rate
Comparison Rate
Application: $0
Ongoing: $395 p.a.
Monthly Payment
Refinancers can get $2,000 cashback for loans above $400k, or $3,000 cashback for loans above $700k. Other conditions apply.
Principal & Interest40% min. depositOwner-occupierOffset account$700k+
Interest Rate
Comparison Rate
Application: $0
Ongoing: $395 p.a.
Monthly Payment
Refinancers can get $2,000 cashback for loans above $400k, or $3,000 cashback for loans above $700k. Other conditions apply.
Showing 5 of 15 results

ME Bank key facts

  • ME Bank's home loan rates are quite competitive, especially on its fixed rate package loans.
  • ME Bank is an online lender. The bank has phone and email support. If you want in-person help with your loan application, you might need to look elsewhere.
  • You need a 20% deposit to get most ME Bank home loans.
  • If you want a package home loan that offers a low rate bundled with other financial products in exchange for an annual fee, ME Bank is well worth considering.

Review by our senior home loans writer Richard Whitten

ME Bank home loan features

Here are the key features and details you need to know about ME's mortgage products.

Minimum depositMost ME Bank loans have 80% maximum LVRs. This means you can borrow up to 80% with an ME Bank mortgage. But it does have a couple of options for borrowers with low deposits (that is, deposits below 20%).
Offset accountYou can get an offset account on ME's package loans.
Repayment optionsME Bank's home loans allow you to make interest only repayments or principal and interest repayments.
Split rateMost ME Bank mortgages allow you to split your loan into fixed and variable portions.

Lenders like ME Bank

If you want to compare loans from lenders similar to ME Bank, then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by Bendigo and Adelaide Bank.
  • Homestar. A 100% online lender, Homestar has been providing mortgages to Australian borrowers since 2004.
  • A Brisbane-based online lender, is backed by Firstmac, Australia's largest non-bank lender.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.
  • UBank. This online bank is actually owned by NAB.

How do I apply for an ME Bank mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.


Each ME Bank product has 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 Bank 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:

📄 Property details. You can start a loan enquiry before you've bought a property, but to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, 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 (such as savings accounts and investments) and liabilities (for example, any outstanding debt you may have).

How to apply for a home loan

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24 Responses

    Default Gravatar
    LesJanuary 29, 2023

    Can you have a 30 year mortgage at 60

      RebeccaFebruary 4, 2023Finder

      Hi Les,

      It may be possible to take out a home loan, but it may be harder. Please see our guide here on home loans for borrowers over 55.

      If you’re interested in this home loan from ME Bank, it is best to speak to the bank directly to get an understanding of what its credit assessors would look for. You can call 1300 490 540 to speak to a member of the team.

      Alternatively, you could talk to a mortgage broker to go through your circumstances and all of your options.

      Kind Regards,

    Default Gravatar
    TracyMay 15, 2022

    I have a block of land, that I own. I need to borrow to build my new home. All plans are council approved ready to go.
    I am aware some banks won’t lend for new builds. Is this correct?
    Can you point me in the right direction?
    Thank you.
    Kind regards

      RichardMay 16, 2022Finder

      Hi Tracy,

      The home loan required to fund a new home build is called a construction loan. Some lenders may not offer these products, but many do, including the Big Four banks. It’s a good idea to ask a lender if they offer construction loans before submitting any applications. Alternatively, you can talk to a mortgage broker who can help you find suitable mortgage options.

      Kind regards,

    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.

      JhezelynOctober 6, 2017Finder

      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,

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