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ME Bank

Flexible Loan

Advertised Rate

2.64

% p.a

Fixed - 2 years

Comparison Rate*

4.65

% p.a

Maximum LVR
80%
Real Time Rating™

1.61

/ 5
Monthly Repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Advertised Rate

2.64

% p.a

Fixed - 2 years

Comparison Rate*

4.65

% p.a

Maximum LVR
80%
Real Time Rating™

1.61

/ 5
Monthly Repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

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

Russel Gomes

Get expert advice from a home loans specialist.

In recent times, I found myself lucky to be employed in a Family-owned accountant firm. Before my departure, I've had the opportunity to meet the right network and create further opportunities. As time progressed, I became more intrigued with the financial sector and took a steady approach to get involved in the lending industry. I have completed my studies in Cert IV Finance and Mortgage Broking and hold accreditations with 40 different lenders, big and small, with which I have a good relationship. I don't shy away from complex scenarios and take what I know from each deal to improve my skills. I build on my strengths and work on my weaknesses by believing that communication and time management are the foundation for building my principles.

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

Vini Paulatti de Assis

5.0
3 Reviews

Get expert advice from a home loans specialist.

Specialized in investment property (residential and commercial). Have helped many clients to overcome the borrowing capacity limitation they we all face when start building an investment property portfolio. We have a policy of long term client retention, view we want our clients to stay with us in a long term and we know that the only way to achieve is by providing a value added service to our clients.

Response time: in 30 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Quick home loan review

For Flexible Investment Loan Fixed (Principal and Interest) 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 Investment Loan Fixed (Principal and Interest) 2 Years (LVR < 80%)

TMD

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Fixed - 2 years

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

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

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.

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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 $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.