Maximum LVR | Maximum LVR 80% |
|---|---|
Interest rate structure | Interest rate structure Variable |
Borrowing range | |
Total repayments | |
Principal & interest | Principal & interest |
Interest only | Interest only |
Loan term | Loan term 5 - 30 years |
Offset account | Offset account |
Extra repayments | Extra repayments Unlimited extra repayments |
Redraw facility | Redraw facility Redraw fee: $0 |
Allows split interest | Allows split interest |
Suitable For | Suitable ForOwner Occupiers |
Applicable States | Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Make Repayments | Make RepaymentsFortnightly, Monthly, Weekly |
Estimated upfront fees | Estimated upfront fees $400.00 |
Application fee | Application fee $0 |
Settlement fee | Settlement fee $0 |
Valuation fee | Valuation fee $200 |
Legal fee | Legal fee $200 |
Ongoing fee | Ongoing fee $0 |
Discharge fee | Discharge fee $300 |
Property Type | Property Type |
SMSF Trustee | SMSF Trustee |
Minimum SMSF Amount | Minimum SMSF Amount |
Maximum LVR | Maximum LVR 80% |
|---|---|
Interest rate structure | Interest rate structure Variable |
Borrowing range | |
Total repayments | |
Principal & interest | Principal & interest |
Interest only | Interest only |
Loan term | Loan term 5 - 30 years |
Offset account | Offset account |
Extra repayments | Extra repayments Unlimited extra repayments |
Redraw facility | Redraw facility Redraw fee: $0 |
Allows split interest | Allows split interest |
Suitable For | Suitable ForOwner Occupiers |
Applicable States | Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA |
|---|---|
Make Repayments | Make RepaymentsFortnightly, Monthly, Weekly |
Estimated upfront fees | Estimated upfront fees $400.00 |
Application fee | Application fee $0 |
Settlement fee | Settlement fee $0 |
Valuation fee | Valuation fee $200 |
Legal fee | Legal fee $200 |
Ongoing fee | Ongoing fee $0 |
Discharge fee | Discharge fee $300 |
Property Type | Property Type |
SMSF Trustee | SMSF Trustee |
Minimum SMSF Amount | Minimum SMSF Amount |
| Loan Profile | ||||
|---|---|---|---|---|
| Advertised rate | Advertised rate 3.49% Variable | Advertised rate 3.54% Variable | Advertised rate 3.57% Variable | Advertised rate 3.54% Variable |
| Comparison rate* | Comparison rate* 3.53% | Comparison rate* 3.57% | Comparison rate* 3.58% | Comparison rate* 3.58% |
| Monthly repayment | Monthly repayment $1,121 | Monthly repayment $1,128 | Monthly repayment $1,132 | Monthly repayment $1,128 |
| Total repayments | Total repayments $403,560 | Total repayments $406,080 | Total repayments $407,520 | Total repayments $406,080 |
| Loan term | Loan term 5 - 30 years | Loan term 1 - 30 years | Loan term 15 - 30 years | Loan term 1 - 30 years |
| First home buyer | First home buyer | First home buyer | First home buyer | First home buyer |
| Loan Fees | ||||
| Estimated upfront fees | Estimated upfront fees $500.00 | Estimated upfront fees $645.00 | Estimated upfront fees $0 | Estimated upfront fees $567.00 |
| Legal fee | Legal fee $0 | Legal fee $395 | Legal fee $0 | Legal fee $264 |
| Valuation fee | Valuation fee $0 | Valuation fee $0 | Valuation fee $0 | Valuation fee $303 |
| Settlement fee | Settlement fee $250 | Settlement fee $250 | Settlement fee $0 | Settlement fee $0 |
| Discharge fee | Discharge fee $300 | Discharge fee $450 | Discharge fee $325 | Discharge fee $535 |
| Application fee | Application fee $250 | Application fee $0 | Application fee $0 | Application fee $0 |
| Ongoing fee | Ongoing fee $0 | Ongoing fee $0 monthly | Ongoing fee $0 | Ongoing fee $0 |
| Repayments Redraws | ||||
| Offset account | Offset account | Offset account | Offset account 100% offset account | Offset account 100% offset account |
| Interest Rate Options | ||||
| Allows split interest | Allows split interest | Allows split interest | Allows split interest | Allows split interest |
| Enquire Now | View Now | View Now | View Now | |
Questions? We’re only a call away.
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.
