ME Bank Standard Home Loan
ME Bank Standard Home Loan
The ME Bank Standard Home Loan is a part of ME banks award winning home loan stable of products. Awards include finalist in the best of the best awards in 2009 for cheapest flexible home loan. The ME Bank Standard Home Loan also offer members of over 150 superannuation funds a discount of up to 0.45% of the already low interest rate offered. This currently covers over 5 million Australians so there is a good chance that you or a partner qualify, so be sure to check before applying for your ME Bank Standard Home Loan.
Compare with other ME Bank Home Loans
Outstanding Features of the ME Bank Standard Home Loan
ME Bank prides itself on not only low interest home loans, but fantastic service offerings and low fees.
- Low fixed and variable interest rates
- $0 ongoing fees and $0application fees
- Split or fix your home loan without fees
- Redraw facility is free
- Additional Payments can be made at any time
- Flexible payment terms either monthly, weekly or fortnightly
- Internet banking and telephone banking is absolutely free
- Minimum home loans of $40,000 ($20,000 in Tasmania) are available
- 95% of the home’s value can be borrowed against
- Mobile banking managers will travel to you
Interest rates and fees
Currently the interest rates available are fixed and variable.
- The variable interest rates is 7.69%
- Fixed rates are available for 1 to 5 years at a rate of 6.99% – 7.49% per annum
For any of the 5 million superannuation members across Australia, these interest rates can be reduced by up to 0.45% which makes for a substantial saving over the years.
Although ME bank prides itself on low fees on its home loan products, certain fees do apply and here is a summary of some of the applicable fees:
- $150 Solicitor fee
- $150 Fee for valuation
- $110 Agents fee
- $600 setup recover fee if loan paid off in less than 5 years
Conclusion
For anyone looking to purchase a home or refinance an existing property, the ME Bank Standard Home Loan offers all the important factors one would look for in a home loan. The fees structure is very reasonable as well as low interest rates make this an option that needs to be considered seriously, especially for eligible superannuation members who receive a further reduced interest rate. Why not give ME bank a call and have a mobile manager come see you for a no obligation consultation?
Related posts:
- Members Equity Super Members Home Loan (SMHL) Standard
- Members Equity Super Members Home Loan (SMHL) Standard
- Commonwealth Bank Complete Home Loan Standard
- ME Bank Super Members 1 Year Fixed Rate Home Loan
- ME Bank Members Package
- Bank of Melbourne Standard Variable Rate Home Loan
- PMG Standard Variable/Fixed Home Loan
- Suncorp Bank Standard Variable
- ME Bank Super Fund Members Package Home Loan
- Aussie Optimizer Standard Fixed Rate Home Loan
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
Ask A Question