Member Package Flexible Home Loan Fixed (Interest Only) 2 Years
Discount Variable Home Loan
special
$0 application feeMake the move to UBank's award winning home loan
Advertised Rate
2.84%
Variable
Comparison Rate*
2.84%
Owner Occupier Discounted Variable Rate
No upfront or ongoing feesExtra repayments + redraw services
View NowPromotedUBank terms and conditions
Advertised Rate
4.34%
Fixed - 2 years
Comparison Rate*
4.10%
Maximum LVR
80%
Monthly Repayment
$0
Pros and Cons
Pros
- No upfront fees
- Repayments will not change during fixed period
Cons
- Limited extra repayments
- No redraw and no offset
- Annual fee charged
- Discharge fee at end of loan
ME Bank Fees and Features
Maximum LVR 80% | Interest rate structure Fixed - 2 years |
Borrowing range $150k - $400k | Total Repayments |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account No |
Extra repayments Allowed with restrictions | Redraw facility |
Allows split interest | Suitable For Owner Occupiers |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $0 | Application fee $0 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $0 | Ongoing fee $395 |
Discharge fee $350 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
Aggregator |
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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.
