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Basic Home Loan (LVR < 80%)

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I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Extra low interest rate for refinancers
  • No ongoing fees
  • Extra repayments + redraw services
  • Free redraw facility
Cons:
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates

Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$40k - $100m
Total repayments
Total repayments
$424,080
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
Borrowing range
$40k - $100m
Total repayments
Total repayments
$424,080
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

Compare and review home loans with similar features

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
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1300 001 153
Office hours: Monday – Friday | 9am – 6pm

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.

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