RateCity.com.au
powering smart financial decisions
ME Bank

Basic Loan

Advertised Rate

3.52

% p.a

Variable

Comparison Rate*

3.54

% p.a

Maximum LVR
95%
Real Time Rating™

1.78

/ 5
Monthly Repayment

$1,505

based on $300,000 loan amount for 25 years at 3.52%

Advertised Rate

3.52

% p.a

Variable

Comparison Rate*

3.54

% p.a

Maximum LVR
95%
Real Time Rating™

1.78

/ 5
Monthly Repayment

$1,505

based on $300,000 loan amount for 25 years at 3.52%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,505

based on $300,000 loan amount for 25 years at 3.52%

ME Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

Bernard Desmond

5.0
156 Reviews

Get expert advice from a home loans specialist.

Bernard Desmond OPPORTUNITY BROKER They say there are two guarantees in life, but Bernard securing your mortgage is now unofficially the third. His confidence comes from 14 years of experience and an unequivocal desire to provide you with the most opportunity from your mortgage. But don’t just take our word for it; Bernard’s strike rate from application to approval is awarded as the best in the industry: Winner 2020 Best Customer Service of the year at the Australian Broking Awards, 2020 Best Customer Service of the year at the Better Business Awards, 2019 Residential Broker of the Year and 2018 Australian broker of the Year. Supportive yet honest, Bernard has your best interest at heart and a blank piece of paper in hand, ready to fill it with plans and possibilities. Bernard sees opportunity getting to understand you and your financial goals better than the rest. He’s personable and tenacious, giving you the ability to take your money further — like that ocean villa in Hawaii.

VIC3930

CRN: 493595

Quick home loan review

For Basic Home Loan ($150k+, LVR 90%-95%)

These are the benefits of this home loan.

  • No ongoing fees
  • Suitable for low deposits
  • Extra repayments and redraw facility
  • Free redraw facility

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average interest rate
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Basic Home Loan ($150k+, LVR 90%-95%)

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

5 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

400

Application fee

0

Valuation fee

$200

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

350

Application method

Online

Phone

In branch

Specials
  • Cashback Refinance Home Loan with ME Bank and receive a $3000 cashback
    Available to owner occupiers and investors on all ME home loan products if you: Apply by 31/12/2021 and settle by 28/02/2021 Switch your existing home loan from another lender Take out a home loan with a minimum size of $250k Take out a home loan with a maximum LVR of 80%

Target Market Determination

Visit ME Bank to view Target Market Determination.

Embed

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

ME Bank allows you to have this loan for a range of 5 to 30 years.

How often can you make repayments?

ME Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $400 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

ME Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this ME Bank loan is available through a broker. Find a broker to help you with your needs.