Flexible Home Loan with Member Package Flexible Home Loan with Member Package $150K - $399K 80%-90% (Owner Occupied)
4.29%p.a Standard Variable
About ME Bank
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", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 5 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
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 repaments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 5 years
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.
Monthly and annual fees and charges during the loan period.
- Ongoing Yearly
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 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
Max LVR - O/OC 95% - O/OC Security (Existing Ownership) 95% - Land Purchase (Residential) 95% - Equity Release 90% (Restrictions apply @ >85%) LMI payable by borrower depending on the LVR. LMI Capitalisation Upto 95% and upto 97% for First Home Buyers (Owner Occupied only) Above 80% require referral to DCA Level 3 and Mortgage Insurer. Please note maximum LVR based on Security Type: - Display Homes - 90% - High Density - 85% - Luxury Housing - 85%
5% of Genuine Savings required.
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. $500 Other Fee is Rate Lock Fee $110 Agent Fee Product Variation Fee is Cost to Switch Fee