RateCity
In 1999 Members Equity Bank was established to provide Australian workers low cost home loans. The organisation was supported by The Australian Council of trade Unions - an act which also benefited the members of contributing superannuation funds and affiliated trade unions. Nearly a decade on, Members Equity is still performing strongly within the home loan sector. They have realised that changing markets have brought on the demand for new banking services, and have designed new products that are simple, straight forward and represent value for money. It is no surprise that they are 100% committed to keeping fees as low as possible whilst exceeding customer service levels.
Product Details
- Company
-
- Repayments
-
$691.69
monthly - Secured / Unsecured
- Unsecured
- Total Repayments
- $41,501.2
- Interest Rate
- 13.59%
- Comparison Rate
- 13.81%
- Rate Type
- Fixed
- Application Fee
- $150
- Ongoing Fees
- N/A
- Early Repayment Penalty
- $0
- Missed Payment Penalty
- $0
- Encumberance/REVVS Check Fee
- $0
- Doc Release Fee
- $0
- Minimum Loan Amount
- $5,000
- Maximum Loan Amount
- $30,000
Product Features
No early exit penalty y
Will you be charged a fee for finalizing all loan repayments earlier than the agreed date, or for transferring to another company for the remaining life of the loan?
Extra repayments allowed y
Will this loan allow you to make additional repayments on top of the minimum amounts due each payment frequency?
Redraw Facility n
Whether this loan allows the option for you to redraw/take out excess funds
100% Loan Available y
Whether this loan offers a maximum loan-to-value-ratio (LVR) i.e. no deposit is required
