Basic Home Loan (LVR < 80%)
- No ongoing fees
- Extra repayments + redraw services
- Free redraw facility
- Repayments may decrease if RBA cuts rates
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$40k - $100m
Principal & interest
Loan term range
5 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
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 by arranging a meeting with a mobile home loan specialist. General customer service is also available online or over the phone.
The standard variable rate (SVR) is the interest rate a lender applies to their standard home loan. It is a variable interest rate which is normally used as a benchmark from which they price their other variable rate home loan products.
A standard variable rate home loan typically includes most, if not all the features the lender has on offer, such as an offset account, but it often comes with a higher interest rate attached than their most ‘basic’ product on offer (usually referred to as their basic variable rate mortgage).
When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.
We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.