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ME Bank

Basic Loan

Interest Rate

4.09

% p.a

Variable

Comparison Rate*

4.11

% p.a

Maximum LVR
80%
Real Time Rating™

4.30

/ 5
Monthly Repayment

$1,598

based on $300,000 loan amount for 25 years at 4.09%

Interest Rate

4.09

% p.a

Variable

Comparison Rate*

4.11

% p.a

Maximum LVR
80%
Real Time Rating™

4.30

/ 5
Monthly Repayment

$1,598

based on $300,000 loan amount for 25 years at 4.09%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,598

based on $300,000 loan amount for 25 years at 4.09%

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

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.

NSW2560

CRN: 529621

John Fulford

5.0
9 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.

NSW2292

CRN: 515694

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"

VIC3000

CRN: 444210

Quick home loan review

For Basic Investment Loan (Principal and Interest) (LVR < 80%)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility

These are the drawbacks of this home loan.

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

Home loan overview

For Basic Investment Loan (Principal and Interest) (LVR < 80%)

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Investors

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

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
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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.

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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 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?

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.