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ME Bank

Flexible Loan

Advertised Rate

6.29

% p.a

Fixed - 7 years

Comparison Rate*

5.37

% p.a

Maximum LVR
80%
Real Time Rating™

1.61

/ 5
Monthly Repayment

$1,986

based on $300,000 loan amount for 25 years at 6.29%

Advertised Rate

6.29

% p.a

Fixed - 7 years

Comparison Rate*

5.37

% p.a

Maximum LVR
80%
Real Time Rating™

1.61

/ 5
Monthly Repayment

$1,986

based on $300,000 loan amount for 25 years at 6.29%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,986

based on $300,000 loan amount for 25 years at 6.29%

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

Bianca Dacic

5.0
51 Reviews

Get expert advice from a home loans specialist.

Loan-Savvy is committed to helping you find the right financial solution. Whether you are looking to purchase your first home, expand your investment portfolio or refinance your existing mortgage. We are a qualified Finance Brokerage, located in the Caroline Springs area of Victoria. Possessing industry experience, knowledge and contacts, to help you secure the right loan for your circumstance. Loan-Savvy is dedicated to your financial goals and always has your best interest in mind. We will take the time to understand your goals and assist with structuring a loan appropriately inline with your financial goals. We takes the stress out of the process and allow you to focus on the important things in life. Loan-Savvy facilitates all the available options, allowing you to make an informed decision in choosing the correct lending product.

VIC3023

CRN: 510930

Tedjo Hadiwidjojo

5.0
17 Reviews

Get expert advice from a home loans specialist.

An experienced mortgage broker with over 15 years in the finance industry, dedicating to finding the right loan product from a wide range of lenders to meet your lending requirement. I pride myself to provide Speed, Convenience and adding Value to my clients. Buying property whether it’s your home or investment comes with complex choices and can be daunting. There are a lot of variables to consider when choosing the right loans. With my experience as a mortgage broker and an investor myself, I will recommend you the best lender and guide you through the process to get you the best possible loan option and lending rates.

VIC3131

CRN: 517245

Mahesh Perera

5.0
23 Reviews

Get expert advice from a home loans specialist.

In 1994, Mahesh bought a property at a highly inflated price. Shortly after, he lost most of his superannuation when the company he was working for was declared bankrupt. This misfortune encouraged him to learn as much as he could about good financial management so that he would avoid making the same mistakes again. Mahesh worked has to educate himself and gain valuable qualifications in the finance industry. While doing so, he recognised an opportunity to help other migrants steer clear of the pitfalls that he encountered. After studying to become a qualified Financial Advisor, Mahesh then went on to build his own financial planning firm, working under AXA, AON, and Patron licensees. Since 1996 Mahesh has had the privilege to assist more than 1500 clients to achieve their financial goals using various wealth strategies going to help you immensely. You will be glad you become an Equity Advice client.

NSW2000

CRN: 492305

Quick home loan review

For Member Package Flexible Investment Loan Fixed (Principal and Interest) 7 Years (LVR < 80%)

These are the benefits of this home loan.

  • 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
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Member Package Flexible Investment Loan Fixed (Principal and Interest) 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

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

200

Application fee

0

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$395 annually

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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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 $150k to $400k.

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 $200 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.