These home loans offer low costs, coupled with a host of features, giving the best overall value.
7+
Great
These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.
5+
Standard
Usually the home loans would offer above average rates. They may still include some competitive features.
0+
Basic
Higher costs and/or fewer features.
Key takeaways
ME Bank is an online Australian bank owned by the Bank of Queensland.
Its home loan rates are quite competitive, especially on its fixed rate package loans.
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.
Compare ME Bank home loans for December 2025
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.
We currently don't have that product, but here are others to consider:
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ME Bank home loan features
Here are the key features and details you need to know about ME's mortgage products.
Feature
Details
Minimum deposit
Most 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%).
The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.
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:
📄 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 (savings accounts, investments) and liabilities (your outstanding debt).
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
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.
Tiimely Home. 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.
loans.com.au. A Brisbane-based online lender, loans.com.au 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.
To make sure you find the right ME Bank loan, you need a clear idea of what you're looking for in a mortgage. These simple questions can help:
Are you comfortable applying online? As ME Bank is an online lender, you need to be comfortable completing the entire home loan process via the web (with phone and chat support).
What do you need the loan for? If you're buying a home to live in, you need an owner-occupier loan. Property investors need an investment loan rate. ME Bank has both.
Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period, so you can forget about rate changes altogether?
What features do you need? If you want a 100% account with your home loan, make sure the ME Bank loan you're interested in has this feature before you apply.
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits, and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.
Pre-approval is not something every lender offers, but many do.
Most Australian borrowers bank with one of the Big Four (CommBank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender, but there's no reason to worry.
In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.
Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.
A fixed rate loan offers total certainty about your rate for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.
Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.
Sources
What is Finder Score?
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University.
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Finder guides across topics including:
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
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.
Thanks,
Belinda
trentNovember 17, 2014
how do i go about using some of my super as a deposit with savings i already have
Finder
ShirleyNovember 18, 2014Finder
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
KaanJuly 7, 2014
What is your variable rate . Looking to refinance
Finder
ShirleyJuly 8, 2014Finder
Hi Kaan,
Thanks for your question.
Please refer to the link I’ve emailed you regarding ME Bank home loans.
Cheers,
Shirley
KarenApril 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?
Finder
ShirleyApril 10, 2014Finder
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<.
Cheers,
Shirley
AaronFebruary 22, 2014
Can I use my cbus fund as a deposit for a home loan.
Finder
MarcFebruary 24, 2014Finder
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.
Think you need a 20% deposit to buy a home? Think again. We break down no deposit home loans: how they work, who offers them, and what to watch out for.
Home loan cashback deals can help you refinance to a cheaper interest rate and get a lump sum cash payment. Compare the latest deals and check your eligibility today.
Construction loan comparison is as simple as finding out how much you can borrow, then reviewing some of the best construction loans on the market to find the right fit.
What is an offset account? It can save you thousands in interest and help you own your home sooner.
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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
What is your variable rate . Looking to refinance
Hi Kaan,
Thanks for your question.
Please refer to the link I’ve emailed you regarding ME Bank home loans.
Cheers,
Shirley
What is the maximum LVR allowed for a refinance?
Can i have my whole loan fixed, or does a portion have to be variable?
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<. Cheers, Shirley
Can I use my cbus fund as a deposit for a home loan.
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,
Marc.