RateCity.com.au
powering smart financial decisions
RateCity.com.au
ME Bank

Flexible Loan

Interest Rate

5.34

% p.a

Fixed - 2 years

Comparison Rate*

5.94

% p.a

Maximum LVR
80%
Real Time Rating™

3.64

/ 5
Monthly Repayment

$1,814

based on $300,000 loan amount for 25 years at 5.34%

Interest Rate

5.34

% p.a

Fixed - 2 years

Comparison Rate*

5.94

% p.a

Maximum LVR
80%
Real Time Rating™

3.64

/ 5
Monthly Repayment

$1,814

based on $300,000 loan amount for 25 years at 5.34%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,814

based on $300,000 loan amount for 25 years at 5.34%

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

John Valentine

5.0
12 Reviews

Get expert advice from a home loans specialist.

I have a professional background with 19 years’ experience as a Mortgage Broker.. My loyal client base has been built by providing a high level of service to my clients. A key part of my service is to understand all client requirements and then work out a cost-effective solution that meets their needs. Over the years, I have developed excellent relationships with lenders, which enables me to offer a range of solutions. My knowledge of various lenders’ complex policies and products, allows me to set-up loan structures that meet the needs of each client, while fitting-in with lender credit requirements. I provide a variety of financial services, including: - residential finance - construction loans - business & commercial loans - SMSF loans - Reverse Mortgages etc I deal with all types of clients: - first home buyers - experienced investors - PAYG - self-employed borrowers - companies and trusts. I hold an Australian Credit Licence (477288).

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

MD Mahbub ur Rahman Chowdhury

Get expert advice from a home loans specialist.

Hi, My name is MD Mahbub Ur Rahman Chowdhury. I am a professional mortgage broker. I have excellent analysis knowledge which can help my client to achieve their financial needs. I can help my client to choose a suitable home loan product. I can explore clients' needs and benefits and based on that I can find the best product for my clients. I can do Home loans, Personal loans, car loans, and construction loans. I have excellent communication and negotiation skills which can help me to negotiate between clients and the Lender. My main goal is to help my clients and make them happy I will provide the best service to my clients.

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Melissa Huynh

5.0
1 Reviews

Get expert advice from a home loans specialist.

Melissa has many years experience within the Finance Industry. Having started her career as a Financial Planner and over 7 years as an award winning Mortgage Broker with a strong focus on customer service. Melissa is highly efficient and will get the job done! Whether you have a complex situation or Commercial loan Melissa will strive to find you the most competitive and suitable loan options and ensure you are educated and kept up to date throughout the process.

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Quick home loan review

For Flexible Home Loan Fixed 2 Years (LVR < 80%)

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw and no offset
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Flexible Home Loan Fixed 2 Years (LVR < 80%)

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Fixed - 2 years

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

Yes - limited to $30000

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

450

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

Available
Not available
Data not captured
Specials
  • Cashback Refinance Home Loan with ME Bank and receive a $2500 cashback
    Available to owner occupiers and investors on all ME home loan products if you: 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% To be eligible for this offer, applications must be received between Friday, 01 July 2022 and Wednesday, 31 August 2022 (inclusive) and settled by Wednesday, 30 November 2022.

Target Market Determination

Visit ME Bank to view Target Market Determination.

Embed

ME Bank is available through brokers

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $40k 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 80 percent, which means it requires a minimum deposit of 20 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 $450 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

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.