Compare apples with apples.
benefits
& features
basic
loan
flexible
loan
flexible loan
with member
package
No application fee~ or ongoing
account-keeping fees
Member Package available
(annual fee of $395)
Fixed rate option (1–7 years)
(no additional fee)
Option to split your loan
(no additional fee)
Repayments (principal and
interest or interest only)
100% offset transaction facility
Prepayment options (ability to prepay
on a fixed loan with no repayment fee)
home
loans.
About our
Variable rate option
N/A
Up to $30,000
additional
payments
during fixed
term
Up to $30,000
additional payments
during fixed term
No fees to redraw from available funds
(minimum $500)
Borrow up to 95% of the property valuation
No solictor or valuation fees
Rate lock available ($500 fee)
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~Solicitor, valuation and agent fees may apply. This is general information only and you should consider if
these products are appropriate for you. Terms, conditions, fees and charges apply. Home loan applications
are subject to credit approval. Members Equity Bank Limited ABN 56 070 887 679 AFSL and Australian
Credit Licence 229500.
Visit mebank.com.au for our current interest rates
and loan calculators or talk to your broker today.
What works for you.
At ME, we keep our home loans simple with
a choice of two. Our no-frills Basic Home Loan,
or our Flexible Home Loan if you’re looking for
something extra.
Both loans come with competitive rates, flexible
repayment options and fee-free redraw, without
the application or account-keeping fees1.
Borrow up to 95% of the value of your home
no matter whether you’re a first home buyer,
a seasoned investor, or you’re upgrading to
your next home.
Simply choose what works for you.
Back to basics.
No-nonsense. Like its name
So simple, so easy. Our Basic Home Loan comes
with one low variable rate, no application
fee1 and account-keeping fees. Enjoy flexible
repayment options and fee-free redraw from
available funds.
Keep it flexible.
For a home loan with a bit extra, our Flexible
Home Loan is the all-in-one option if you know
what you want and how you’re going to get there.
• Borrow up to 95% of property valuation
• Choose between fixed and variable rates.
Or split between the two.
• No application fee1
• No accounting-keeping fees
• Fee-free redraw (minimum $500)
from available funds
• Up To $30,000 additional repayment on fixed
loans during fixed term
• Construction loan option
• 100% offset on your variable loan component
with our Everyday Transaction Account2
• $
500 rate lock available – secures your fixed rate
for 90 days giving you the lower rate at settlement
Extras, extras.
With a Member Package.
Low rate. Everything you want.
Purchase a Member Package with your Flexible
Home Loan and save.
It adds up to big savings for one annual fee.
• No accounting-keeping fees
For an annual fee of $395, you’ll save with a variable
interest rate discount for the life of your loan on all
eligible loans. Plus we’ll also waive our solicitor fee,
valuation fee, split loan fee, and top-up fee on all
eligible loans.
• No application fee1
• Borrow up to 95% of property valuation
(97% first home buyer)
• Variable rate
• F
ee-free redraw (minimum $500) from
available funds
1
Solicitor, valuation and agent fees may apply.
Terms, conditions, fees and charges apply. This is general information only and you should consider if
this product is right for you.
2