Flexible Home Loan with Member Package Flexible Home Loan with Member Package $150K - $399K 80% (Interest Only) (Owner Occupied)

  • 4.39%
    p.a Standard Variable
  • 4.55%
    p.a Comparison**
  • $0
    Upfront fees
  • $395
    Annual fees
  • 80%
    Max LVR
  • $1,957
    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 80% 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
Internet Banking
Telephone Banking
Credit Card
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
5 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.

Ongoing Yearly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Full product features, benefits and terms and conditions are available at www.mebank.com.au

LVR Notes

First Home Buyer Max LVR 95% (inclusive of cap LMI) New or existing Owner occupied residential property Max LVR 95% (With LMI) New or existing Investment residential property Max LVR 90% (With LMI) Interest Only loans Max LVR 80% Owner Builder Loan Maximum LVR 50%. Conditions apply. Maximum LVR based on Security Type: - Display Homes - 90% - High Density - 85% - Luxury Housing - 85% Note: any application that requires exception to current LVR policy must be referred to DCA Level 3 and the Mortgage Insurer where applicable.

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. $110 Agent Fee $500 Other Fee is Rate Lock Fee Production of Title fee $250, Consent to Dealing fee $250, Security Substitution fee $300, Removal of Borrower or Guarantor fee not chargeable. Progress payment fee of $50 on a Construction loan.

*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