Compare ME Bank home loan rates

Find the home loan to best suit your needs. Compare reviews, interest rates, fees and features with Ratecity to make sure you get the right loan.

ME Bank, or Members Equity Bank, was founded in 1994 and is owned by a group of industry super funds.

It provides a range of home loans to customers, including owner-occupier mortgages, investor mortgages, refinancing loans and high-LVR loans, among others.

ME Bank is an online-only bank, meaning home loan applications must be completed over the phone or by arranging a meeting with a mobile home loan specialist. General customer service is also available online or over the phone.

ME Bank home loans

Basic Home Loan (LVR < 80%)
Advertised rate
4.09%
Variable
Upfront fee
$400.00
Comparison rate*
4.11%
Ongoing fee
$0
Compare
Member Package Flexible Home Loan (Principal and Interest) ($150k-$400k, LVR < 80%)
Advertised rate
3.74%
Variable
Upfront fee
$0
Comparison rate*
4.15%
Ongoing fee
$395 annually
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 2 Years (LVR < 90%)
Advertised rate
3.84%
Fixed - 2 years
Upfront fee
$0
Comparison rate*
4.17%
Ongoing fee
$395 annually
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 1 Year (LVR < 90%)
Advertised rate
3.99%
Fixed - 1 year
Upfront fee
$0
Comparison rate*
4.18%
Ongoing fee
$395 annually
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 3 Years (LVR < 90%)
Advertised rate
3.99%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
4.22%
Ongoing fee
$395 annually
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 4 Years (LVR < 90%)
Advertised rate
4.29%
Fixed - 4 years
Upfront fee
$0
Comparison rate*
4.34%
Ongoing fee
$395 annually
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 5 Years (LVR < 90%)
Advertised rate
4.49%
Fixed - 5 years
Upfront fee
$0
Comparison rate*
4.46%
Ongoing fee
$395 annually
Compare
Basic Investment Loan (Principal and Interest) (LVR < 80%)
Advertised rate
4.49%
Variable
Upfront fee
$400.00
Comparison rate*
4.51%
Ongoing fee
$0
Compare
Member Package Flexible Investment Loan (Principal and Interest) ($150k-$400k, LVR < 80%)
Advertised rate
4.19%
Variable
Upfront fee
$0
Comparison rate*
4.59%
Ongoing fee
$395 annually
Compare
Member Package Flexible Investment Loan Fixed (Principal and Interest) 3 Years
Advertised rate
4.09%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
4.68%
Ongoing fee
$395 annually
Compare
Member Package Flexible Home Loan (Principal and Interest) ($150k-$400k, LVR 80%-90%)
Advertised rate
4.29%
Variable
Upfront fee
$0
Comparison rate*
4.69%
Ongoing fee
$395 annually
Compare
Member Package Flexible Investment Loan Fixed (Principal and Interest) 2 Years
Advertised rate
4.14%
Fixed - 2 years
Upfront fee
$0
Comparison rate*
4.71%
Ongoing fee
$395 annually
Compare
Member Package Flexible Investment Loan Fixed (Principal and Interest) 1 Year
Advertised rate
4.29%
Fixed - 1 year
Upfront fee
$0
Comparison rate*
4.74%
Ongoing fee
$395 annually
Compare
Flexible Home Loan Fixed 3 Years (LVR < 90%)
Advertised rate
4.14%
Fixed - 3 years
Upfront fee
$400.00
Comparison rate*
4.81%
Ongoing fee
$0
Compare
Flexible Home Loan Fixed 4 Years (LVR < 90%)
Advertised rate
4.44%
Fixed - 4 years
Upfront fee
$400.00
Comparison rate*
4.85%
Ongoing fee
$0
Compare
Flexible Home Loan Fixed 2 Years (LVR < 90%)
Advertised rate
3.99%
Fixed - 2 years
Upfront fee
$400.00
Comparison rate*
4.86%
Ongoing fee
$0
Compare
Flexible Home Loan Fixed 1 Year (LVR < 90%)
Advertised rate
4.14%
Fixed - 1 year
Upfront fee
$400.00
Comparison rate*
4.96%
Ongoing fee
$0
Compare
Flexible Home Loan Fixed 3 Years (LVR 90%-95%)
Advertised rate
4.24%
Fixed - 3 years
Upfront fee
$400.00
Comparison rate*
5.05%
Ongoing fee
$0
Compare
Flexible Home Loan Fixed 2 Years (LVR 90%-95%)
Advertised rate
4.09%
Fixed - 2 years
Upfront fee
$400.00
Comparison rate*
5.12%
Ongoing fee
$0
Compare
Flexible Home Loan Fixed 1 Year (LVR 90%-95%)
Advertised rate
4.24%
Fixed - 1 year
Upfront fee
$400.00
Comparison rate*
5.24%
Ongoing fee
$0
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 3 Years (LVR 90%-95%)
Advertised rate
4.09%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
5.27%
Ongoing fee
$395 annually
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 4 Years (LVR 90%-95%)
Advertised rate
4.39%
Fixed - 4 years
Upfront fee
$0
Comparison rate*
5.29%
Ongoing fee
$395 annually
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 2 Years (LVR 90%-95%)
Advertised rate
3.94%
Fixed - 2 years
Upfront fee
$0
Comparison rate*
5.33%
Ongoing fee
$395 annually
Compare
Flexible Investment Loan Fixed (Principal and Interest) 3 Years
Advertised rate
4.24%
Fixed - 3 years
Upfront fee
$400.00
Comparison rate*
5.39%
Ongoing fee
$0
Compare
Member Package Flexible Home Loan Fixed (Principal and Interest) 1 Year (LVR 90%-95%)
Advertised rate
4.09%
Fixed - 1 year
Upfront fee
$0
Comparison rate*
5.46%
Ongoing fee
$395 annually
Compare
Flexible Investment Loan Fixed (Principal and Interest) 2 Years
Advertised rate
4.29%
Fixed - 2 years
Upfront fee
$400.00
Comparison rate*
5.52%
Ongoing fee
$0
Compare
Flexible Investment Loan Fixed (Principal and Interest) 1 Year
Advertised rate
4.44%
Fixed - 1 year
Upfront fee
$400.00
Comparison rate*
5.68%
Ongoing fee
$0
Compare
Pros:
  • Loans have flexible options.
  • Award-winning customer service.
  • Opportunity to bundle loans with other products.
  • Some loans offer discounts on interest rates.
Cons:
  • Limited branch network.
  • Some loans include fees.
  • Some loans have higher interest rates.
ME Bank customer service:

ME customers can contact the bank by either calling the National Customer Contact Centre or by requesting a call back. Customers wanting to book a mobile banker can do so through the ME website or by emailing customer support directly. ME Bank does not have a branch network, but does have a network of mobile bankers who can help work out your loan options and assist with the application form.

  • Customer service centre (phone, email)
  • Mobile app
  • Online banking
  • Mobile banking staff

How to Apply

Borrowers wanting to apply for an ME Bank home loan can either complete an online enquiry form, call the ME Bank customer hotline for assistance or book an appointment with an ME mobile banker. Before applying for an ME Bank home loan, consider what you can afford to borrow and what other costs you need to factor in. To apply for an ME Bank home loan, you will need to supply the following information:

  • Provide details of your income and employment.
  • Proof of identity.
  • Be a citizen or permanent resident of Australia or New Zealand.
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