Flexible Home Loan 80% Flexible Home Loan >80% (Principal & Interest) (Owner Occupied)

  • 5.33%
    p.a Standard Variable
  • 5.34%
    p.a Comparison**
  • $400
    Upfront fees
  • $0
    Annual fees
  • 90%
    Max LVR
  • $2,114
    Per Month*

About ME Bank

Established by industry super funds, ME Bank is Australian owned and an APRA regulated Bank. ME Bank’s motto is a ‘fairer way to bank’, priding themselves on providing a genuinely alternative way to bank. ME Bank's products are straightforward, easy-to-understand and transparent. As ME Bank is owned by industry super funds, their profits go back to their customers, giving everyday Australians, who are members of industry super funds, unions and employer associations, real service, genuine respect and competitive products with no hidden costs and no bank jargon.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 90% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

5 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
0 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


An offset account is available on the variable portion of the Flexible home loan only. Customers can have multiple offset accounts per variable portion, 1 per variable loan at application, additional offset accounts can be added post settlement. The offset benefit is 100%. For a limited time ME is offering special variable interest rate discounts to customers applying for a new Flexible Home Loan with Member Package. The discounted interest rates will apply to all loans submitted during the campaign period and will be effective for the life of the loan. This offer is valid from until further notice, however it may be closed or varied at any time. Product Features: - Mortgage Offset - Rate Lock - Transaction Account - Extra repayments can be made - Construction - Direct Credit / Direct Debit Credit Card: - Customers can apply credit card as part of the home loan application. - Application only through ME Bank Website. Redraw your cash from available funds when you need it, at no charge (minimum $500) No extra charge for additional repayments to a variable rate loan and no extra charge for additional repayments up to $30,000 on a fixed rate component during the fixed interest rate period Acceptable Borrowers: - Citizen or Permanent resident of Australia - Citizen of New Zealand who is also: - permanently residing in Australia AND employed (where applicable) in Australia Unacceptable Borrowers: A citizen or permanent resident of Australia or citizen of New Zealand who is NOT: - permanently residing in Australia OR employed (where applicable) in Australia

LVR Notes

97.00% LVR for first home buyers


5% of genuine savings required.

Fee Notes

Brokers can access a valuation report prior to submitting the loan application at a cost of $49 upfront. This fee will be waived if application is lodged within 45 days. $200 additional valuation fee applies if required. $200 Portability Fee applicable if requested. $500 fee for rate lock on application (optional) $110 Agent Fee $250 Top-up Fee $250 Fix / Split Loan Variation Fee Product Variation Fee is Cost to Switch Fee

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided