ME Bank home loan repayment calculator

Thinking about taking out a home loan with ME Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how ME Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.58 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Loans have flexible options
  • Award-winning customer service
  • Opportunity to bundle loans with other products
  • Some loans offer discounts on interest rates
  • Limited branch network
  • Some loans include fees
  • Some loans have higher interest rates

ME Bank home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.58%

Variable

$400

2.60%

$0
ME Bank
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2.99%

Variable

$400

3.01%

$0
ME Bank
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4.17%

Variable

$400

3.24%

$0
ME Bank
More details

2.19%

Fixed - 3 years

$200

3.30%

$395 annually
ME Bank
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3.28%

Variable

$400

3.30%

$0
ME Bank
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2.19%

Fixed - 2 years

$200

3.36%

$395 annually
ME Bank
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2.69%

Fixed - 5 years

$200

3.37%

$395 annually
ME Bank
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2.69%

Fixed - 4 years

$200

3.39%

$395 annually
ME Bank
More details

3.49%

Variable

$400

3.39%

$0
ME Bank
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2.19%

Fixed - 1 year

$200

3.44%

$395 annually
ME Bank
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3.45%

Variable

$400

3.47%

$0
ME Bank
More details

3.07%

Variable

$200

3.51%

$395 annually
ME Bank
More details

3.49%

Fixed - 1 year

$0

3.55%

$395 annually
ME Bank
More details

3.69%

Variable

$400

3.57%

$0
ME Bank
More details

3.49%

Fixed - 2 years

$0

3.59%

$395 annually
ME Bank
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2.89%

Fixed - 3 years

$200

3.62%

$395 annually
ME Bank
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2.79%

Fixed - 2 years

$200

3.63%

$395 annually
ME Bank
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2.99%

Fixed - 2 years

$0

3.67%

$395 annually
ME Bank
More details

3.09%

Fixed - 3 years

$0

3.67%

$395 annually
ME Bank
More details

3.69%

Fixed - 3 years

$0

3.67%

$395 annually
ME Bank
More details

2.89%

Fixed - 1 year

$200

3.68%

$395 annually
ME Bank
More details

3.09%

Fixed - 1 year

$0

3.70%

$395 annually
ME Bank
More details

3.09%

Fixed - 1 year

$0

3.70%

$395 annually
ME Bank
More details

3.27%

Variable

$200

3.71%

$395 annually
ME Bank
More details

3.28%

Fixed - 4 years

$200

3.72%

$395 annually
ME Bank
More details

3.28%

Fixed - 5 years

$200

3.72%

$395 annually
ME Bank
More details

3.28%

Variable

$200

3.72%

$395 annually
ME Bank
More details

2.84%

Fixed - 5 years

$400

3.74%

$0
ME Bank
More details

3.67%

Variable

$0

3.75%

$395 annually
ME Bank
More details

3.89%

Fixed - 4 years

$0

3.78%

$395 annually
ME Bank
More details

3.49%

Variable

$0

3.80%

$395 annually
ME Bank
More details

2.34%

Fixed - 3 years

$400

3.82%

$0
ME Bank
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2.84%

Fixed - 4 years

$400

3.84%

$0
ME Bank
More details

3.19%

Fixed - 2 years

$0

3.84%

$395 annually
ME Bank
More details

3.29%

Fixed - 3 years

$0

3.84%

$395 annually
ME Bank
More details

3.89%

Fixed - 5 years

$0

3.84%

$395 annually
ME Bank
More details

3.69%

Fixed - 4 years

$0

3.85%

$395 annually
ME Bank
More details

3.29%

Fixed - 1 year

$0

3.87%

$395 annually
ME Bank
More details

3.29%

Fixed - 1 year

$0

3.87%

$395 annually
ME Bank
More details

3.45%

Variable

$200

3.88%

$395 annually
ME Bank
More details

3.69%

Fixed - 5 years

$0

3.88%

$395 annually
ME Bank
More details

2.34%

Fixed - 2 years

$400

3.98%

$0
ME Bank
More details

3.69%

Variable

$0

3.98%

$395 annually
ME Bank
More details

3.89%

Fixed - 4 years

$0

4.03%

$395 annually
ME Bank
More details

3.89%

Fixed - 5 years

$0

4.06%

$395 annually
ME Bank
More details

2.34%

Fixed - 1 year

$400

4.15%

$0
ME Bank
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3.64%

Fixed - 2 years

$400

4.21%

$0
ME Bank
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3.84%

Fixed - 3 years

$400

4.21%

$0
ME Bank
More details

4.04%

Fixed - 5 years

$400

4.22%

$0
ME Bank
More details

4.04%

Fixed - 4 years

$400

4.24%

$0
ME Bank
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3.64%

Fixed - 1 year

$400

4.27%

$0
ME Bank
More details

3.91%

Variable

$200

4.33%

$395 annually
ME Bank
More details

4.31%

Variable

$400

4.33%

$0
ME Bank
More details

3.43%

Fixed - 5 years

$400

4.42%

$0
ME Bank
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3.43%

Fixed - 4 years

$400

4.53%

$0
ME Bank
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3.04%

Fixed - 3 years

$400

4.55%

$0
ME Bank
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3.84%

Fixed - 5 years

$400

4.58%

$0
ME Bank
More details

3.24%

Fixed - 3 years

$400

4.61%

$0
ME Bank
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4.61%

Variable

$400

4.63%

$0
ME Bank
More details

5.11%

Variable

$400

4.66%

$0
ME Bank
More details

3.84%

Fixed - 4 years

$400

4.67%

$0
ME Bank
More details

4.09%

Fixed - 1 year

$0

4.67%

$395 annually
ME Bank
More details

5.49%

Fixed - 6 years

$200

4.67%

$395 annually
ME Bank
More details

2.94%

Fixed - 2 years

$400

4.70%

$0
ME Bank
More details

3.14%

Fixed - 2 years

$400

4.74%

$0
ME Bank
More details

5.49%

Fixed - 7 years

$200

4.82%

$395 annually
ME Bank
More details

4.04%

Fixed - 4 years

$400

4.84%

$0
ME Bank
More details

4.04%

Fixed - 5 years

$400

4.84%

$0
ME Bank
More details

4.09%

Fixed - 1 year

$0

4.85%

$395 annually
ME Bank
More details

3.44%

Fixed - 3 years

$400

4.87%

$0
ME Bank
More details

3.04%

Fixed - 1 year

$400

4.90%

$0
ME Bank
More details

3.24%

Fixed - 1 year

$1000

4.92%

$0
ME Bank
More details

3.24%

Fixed - 1 year

$400

4.92%

$0
ME Bank
More details

6.09%

Fixed - 6 years

$0

4.97%

$395 annually
ME Bank
More details

5.64%

Fixed - 6 years

$400

4.98%

$0
ME Bank
More details

3.34%

Fixed - 2 years

$400

5.01%

$0
ME Bank
More details

5.64%

Fixed - 7 years

$400

5.06%

$0
ME Bank
More details

5.07%

Variable

$400

5.09%

$0
ME Bank
More details

6.09%

Fixed - 7 years

$0

5.16%

$395 annually
ME Bank
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6.29%

Fixed - 6 years

$200

5.18%

$395 annually
ME Bank
More details

3.44%

Fixed - 1 year

$1000

5.20%

$0
ME Bank
More details

3.44%

Fixed - 1 year

$400

5.20%

$0
ME Bank
More details

4.09%

Fixed - 1 year

$0

5.28%

$395 annually
ME Bank
More details

6.24%

Fixed - 6 years

$400

5.28%

$0
ME Bank
More details

6.29%

Fixed - 7 years

$200

5.37%

$395 annually
ME Bank
More details

5.37%

Variable

$400

5.39%

$0
ME Bank
More details

6.69%

Fixed - 6 years

$0

5.39%

$395 annually
ME Bank
More details

6.24%

Fixed - 7 years

$400

5.41%

$0
ME Bank
More details

5.87%

Variable

$400

5.43%

$0
ME Bank
More details

6.89%

Fixed - 6 years

$0

5.58%

$395 annually
ME Bank
More details

6.69%

Fixed - 7 years

$0

5.61%

$395 annually
ME Bank
More details

6.07%

Variable

$400

5.69%

$0
ME Bank
More details

6.44%

Fixed - 6 years

$400

5.78%

$0
ME Bank
More details

6.89%

Fixed - 7 years

$0

5.80%

$395 annually
ME Bank
More details

6.44%

Fixed - 7 years

$400

5.86%

$0
ME Bank
More details

6.84%

Fixed - 6 years

$400

6.09%

$0
ME Bank
More details

6.84%

Fixed - 7 years

$400

6.09%

$0
ME Bank
More details

7.04%

Fixed - 6 years

$400

6.24%

$0
ME Bank
More details

7.04%

Fixed - 7 years

$400

6.34%

$0
ME Bank
More details

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 for a ME bank home loan

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 may need to pay. 

To apply for an ME Bank home loan, you will need to supply the following information:

  • Details of your income and employment
  • Proof of identity
  • Proof you are a citizen or permanent resident of Australia or New Zealand

About ME Bank home loans

ME Bank home loans are designed to cater to a range of potential borrowers, including owner-occupiers, investors, refinancers and upgraders.

Its home loan options range from basic no-frills home loans to more specialist high-LVR loans and home equity loans.

In terms of interest rates and repayments, ME Bank also offers a number of options:

  • Fixed-rate home loans
  • Interest-only home loans
  • Split home loans (part fixed, part variable)
  • Principal-and-interest home loans
  • Interest-only home loans

Because ME Bank doesn’t have any branches (and thus has lower overheads) it can offer competitive interest rates on home loans to borrowers. 

ME Bank home loans have a maximum loan term of 30 years. Offset accounts and redraw facilities are also available with some home loans.

ME Bank home loan rates

ME Bank home loan interest rates tend to be lower than those of many larger banks. Borrowers choosing a basic owner-occupier principal-and-interest home loan with a deposit of at least 20 per cent (80 percent LVR) typically receive the lowest interest rates offered by ME Bank. Investors choosing interest-only home loans or high-LVR loans are likely to have a higher interest rate than more basic borrowers.

Discounts on interest rates and fees may be available for customers choosing ME Bank’s Members Package, which includes a credit, transaction and savings account in addition to a home loan.

As well as looking at ME Bank’s home loan rates, it’s also important to consider the cost of upfront and ongoing fees before making an application.

ME Bank home loans review

ME Bank doesn’t have any branches, so ME Bank home loans may be better suited to borrowers who are comfortable meeting with a mobile home loan specialist and managing their ongoing needs online.

ME Bank offers a variety of home loans to suit different types of borrowers, including basic owner-occupier borrowers and investors, as well as high-LVR borrowers. However, its home loan range doesn’t extend to SMSF home loans or low-doc home loans.

ME Bank home loan rates are often competitive when compared to those of the biggest banks, though they aren’t always the lowest rates on the market. However, they do offer flexibility, with offset accounts and redraw facilities available on some home loans.

Customers wanting to manage all their banking accounts with ME Bank may also be able to take advantage of home loan rate discounts and reduced fees by looking into package offers.

Learn more about ME Bank

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

Mortgage Calculator, Loan Term

How long you wish to take to pay off your loan. 

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

Interest Rate

Your current home loan interest rate. To accurately calculate how much you could save, an accurate interest figure is required. If you are not certain, check your bank statement or log into your mortgage account.

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

Mortgage Calculator, Loan Results

These are the loans that may be suitable, based on your pre-selected criteria. 

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

How will Real Time Ratings help me find a new home loan?