ME Flexible Fixed Home Loan

Rates and fees last updated on

Take advantage of flexible borrowing features and no application or account-keeping fees with the ME Flexible Fixed Home Loan

The ME Flexible Fixed Home Loan offers a host of flexible features and options for borrowers. With no application or ongoing account-keeping fees, the loan allows you to put your income towards paying off the amount you borrow rather than contending with extra charges. It also allows you to make up to $30,000 of extra repayments during the fixed rate period, which you can then redraw from those additional funds when you need them.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed Rate (Owner Occupier)
3.99% p.a.
Comparison Rate
4.95% p.a.
95% 80%
1 Year Fixed Rate (Investor)
4.29% p.a.
Comparison Rate
5.66% p.a.
95% 80%
2 Years Fixed Rate (Investor)
4.39% p.a.
Comparison Rate
5.54% p.a.
95% 80%
2 Year Fixed Rate (Owner Occupier)
4.09% p.a.
Comparison Rate
4.88% p.a.
95% 80%
3 Years Fixed Rate (Investor)
4.49% p.a.
Comparison Rate
5.45% p.a.
95% 80%
3 Year Fixed Rate (Owner Occupier)
4.19% p.a.
Comparison Rate
4.82% p.a.
95% 80%
4 Years Fixed Rate (Investor)
4.59% p.a.
Comparison Rate
5.39% p.a.
95% 80%
4 Year Fixed Rate (Owner Occupier)
4.29% p.a.
Comparison Rate
4.79% p.a.
95% 80%
5 Years Fixed Rate (Investor)
4.79% p.a.
Comparison Rate
5.39% p.a.
95% 80%
5 Year Fixed Rate (Owner Occupier)
4.49% p.a.
Comparison Rate
4.82% p.a.
95% 80%
6 Years Fixed Rate (Investor)
6.29% p.a.
Comparison Rate
6.06% p.a.
95% 80%
6 Year Fixed Rate (Owner Occupier)
5.49% p.a.
Comparison Rate
5.28% p.a.
95% 80%
7 Year Fixed Rate (Owner Occupier)
5.49% p.a.
Comparison Rate
5.30% p.a.
95% 80%
7 Years Fixed Rate (Investor)
6.29% p.a.
Comparison Rate
6.09% p.a.
95% 80%
Product NameME Flexible Home Loan Fixed
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$40,000
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$0
Lender's Legal Fee$200
Valuation Fee$200
Ongoing Fees$0 p.a.
Settlement Fee$0
Discharge Fee$300


  • No application or ongoing fees
  • Large range of fixed term choices
  • Make additional repayments of up to $30,000 during the fixed term


  • Valuation fee of $200
  • Solicitors fee of $200

Things to consider about the ME Flexible Fixed Home Loan

The ME Flexible Fixed Home Loan allows you to fix your interest rate for a period of one, two, three, four, five, six or seven years. Available for owner-occupied and investment purchases as well as construction loans, it features a split loan option if you’d like to take advantage of the benefits of both a fixed and variable rate. If you choose this option, an ME EveryDay Transaction Account can be used to offset the variable component of your loan.

If you would prefer to take out the ME Flexible Home Loan with a variable rate only, this option is also available.

Features of the ME Flexible Fixed Home Loan

  • Minimum loan amount. The ME Flexible Fixed Home Loan is available for amounts starting from $40,000. The maximum amount you can borrow is determined by your income, your ongoing expenses and your ability to make timely repayments.
  • Maximum LVR. The ME Flexible Fixed Home Loan allows you to borrow up to 95% of the value of the property you are purchasing. Just remember that loans of 80% LVR or greater mean you will need to also cover the cost of lender’s mortgage insurance (LMI).
  • Offset account. If you choose the loan split option to enjoy the flexibility of a variable rate on a portion of your loan, you can use an ME EveryDay Transaction Account to offset the variable part of your loan.
  • Repayment options. Weekly, fortnightly and monthly repayment schedules are available from ME. Interest-only repayments are also available on all loans for a maximum period of 10 years, while repayment holidays are available subject to approval.
  • Additional repayment flexibility. During the fixed period of your loan, you can make up to $30,000 of additional repayments to help you pay off your home quicker.
  • Redraw facility. The ME Flexible Fixed Home Loan also features a free redraw facility so that if you need access the additional repayments you have made, you can redraw from those funds without incurring a fee. The minimum redraw amount is $500.
  • Member Package. If you pay an annual fee of $395 you can take out the loan with a Member Package, which allows you to avoid solicitor, valuation and fix / split loan variation fees.


Fees you can avoid

  • Application fee: $0
  • Monthly fee: $0
  • Annual fee: $0
  • Redraw fee: $0
  • Extra repayment fee: $0

Fees you can’t avoid

  • Solicitor fee: $200. This fee helps cover the cost incurred when ME’s solicitors prepare the mortgage documents and organise the settlement of your property. However, this fee is waived if you take out a Member Package.
  • Valuation fee: $200. This fee is charged if ME needs to have your property valued, but the charge is waived if you have the Member Package.
  • Agent fee: $110. This fee may be charged if ME’s solicitors have to instruct an agent to conduct the settlement of your property.

How to apply for the ME Flexible Fixed Home Loan

You’ll need to be at least 18 years of age and a citizen or permanent resident of Australia or New Zealand if you want to apply for this loan. If you match these criteria and would like to find out more about the ME Flexible Fixed Home Loan, click on the ‘Go to Site’ link on this page and you’ll be redirected to the lender’s website.

You can then fill out an online form to book an appointment with an ME mobile banking manager. You’ll need to provide:

  • Your name
  • Your email address and phone number
  • Your postcode

A banker will then contact you to arrange a time to meet face to face.

In order to apply for this loan you will need to supply:

  • Information about your employment status and income
  • Details about the purpose of the loan, including information about the property you plan to purchase
  • Details of any assets you own
  • Information about any liabilities and ongoing expenses

The ME Flexible Fixed Home Loan is worth investigating if you’re looking for a mortgage with the features outlined above.

ME Flexible Fixed Home Loan Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 24 March 2017 at 9:59am.

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2 Responses to ME Flexible Fixed Home Loan

  1. Default Gravatar
    Ros | January 7, 2016

    Can disability pensioner get a low interest refinance home loan

    • Staff
      Belinda | January 8, 2016

      Hi Ros,

      Thanks for your enquiry.

      There are some specialist lenders that may allow you to apply for a home loan even if you’re receiving the pension benefit. On this page, you can enquire with a mortgage broker who can leverage their network of lenders to find one that’s more likely to review your refinancing application. You can also see which Centrelink benefits are accepted by lenders on the above linked page.

      Keep in mind that these types of applications are treated on a case-by-case basis but depending on the type of pension that you’re receiving, most lenders may also view the benefit as a secondary source of income. The lender will need to see that you are capable of repaying the loan and thus you may be required to demonstrate evidence of savings and a good credit history.

      All the best,

ME Flexible Home Loan Fixed

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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