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ME Bank

Flexible Loan

Interest Rate

8.84

% p.a

Fixed - 7 years

Comparison Rate*

7.63

% p.a

Maximum LVR
80%
Real Time Rating™

1.61

/ 5
Monthly Repayment

$2,210

based on $300,000 loan amount for 25 years at 8.84%

Interest Rate

8.84

% p.a

Fixed - 7 years

Comparison Rate*

7.63

% p.a

Maximum LVR
80%
Real Time Rating™

1.61

/ 5
Monthly Repayment

$2,210

based on $300,000 loan amount for 25 years at 8.84%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$2,210

based on $300,000 loan amount for 25 years at 8.84%

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

John Fulford

5.0
3 Reviews

Get expert advice from a home loans specialist.

John enjoy’s helping people achieve their goals and has a passion for property. For 2 years now at Newcastle Finance Brokers he has been helping people find the best products and loans to suit his clients. John holds his Cert IV and Diploma in Finance & Mortgage broking.

Response time: in 32 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Lumbini Wekunagoda

5.0
115 Reviews

Get expert advice from a home loans specialist.

Lumbini Wekunagoda is the founder of Melfinance. A boutique Mortgage Broker firm in Melbourne. Lumbini has a passion for helping his clients make their financial life easier. Lumbini specialises in helping people achieve their financial goals. Our goal is to educate you and empower you. With over 10 years in the Mortgage Broker Industry, Lumbini is highly experienced and known for his tenacity in helping his clients. Lumbini also has a diploma in Mortgage Broking, MBA from the University of Wales, Cert IV, MFAA, ASIC registered and licensed Mortgage Broker. Lumbini is known for giving as much of his time as is required to each client. No question is too small and no task too big. Lumbini’s clients feel as though they truly have someone on their side throughout the process. A real advocate for them who makes the whole process easy and stress-free. He also leaves them feeling comfortable that they are fully educated and empowered to make informed decisions with zero remorse. "Why do I like my role as a Mortgage Broker? I do this because I get enormous satisfaction from helping people achieve their goals and educating the. Seeing a client in a better positon after I have helped them gives me a huge buzz"

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

Danny Lang

5.0
39 Reviews

Get expert advice from a home loans specialist.

Danny’s goal is to make a positive impact on people's lives by helping them achieve their financial goals. With regular training and over 6 years of experience in the finance industry, Danny ensures his knowledge continues to develop to provide financial solutions for his clients. SERVICES PROVIDED: - Refinancing - First Home Buyer - Debt Consolidation - Property Investment - Vehicle Finance - Personal Loans - Residential and Commercial Loans

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

Quick home loan review

For Flexible Investment Loan Fixed (Interest Only) 7 Years (LVR < 80%)

These are the benefits of this home loan.

  • No ongoing fees
  • Split account option

These are the drawbacks of this home loan.

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

Home loan overview

For Flexible Investment Loan Fixed (Interest Only) 7 Years (LVR < 80%)

TMD

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Fixed - 7 years

Borrowing range

Suitable for

Investors

Loan term range

1 - 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

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

Available
Not available
Data not captured

Target Market Determination

Visit ME Bank to view Target Market Determination.

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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 1 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?

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.