Members Equity Super Members Home Loan (SMHL) Standard
Variable rate loans are great value for money. They offer a loan with a great interest rate and a wide range of features that allow you to save more money. The Members Equity SMHL Standard home loan offers a great loan package with many additional features that can help you save. The main feature of the Members Equity SMHL Standard home loan is the reduced interest rate that is offered. The Members Equity SMHL Standard home loan offers a discounted interest rate to people who are a member of pre-approved superannuation funds or ATCU affiliated unions. By being a member of the funds or unions you can receive a discounted variable interest rate of 6.99% The reduced interest rate and the features that are offered with the Members Equity SMHL Standard home loan will ensure that you save money and get the best home loan for you.
Compare with other ME Bank Home Loans
Features of the Members Equity SMHL Standard
The main feature of the Members Equity SMHL Standard home loan is obviously the discounted interest rate. However, the Members Equity SMHL Standard home loan offers many more features to give you flexibility and help you save. The features and the borrowing conditions of the Members Equity SMHL Standard home loan are:
- Borrowing conditions. You are allowed to borrow between $40,000 ($20,000 in Tasmania) and $2,000,000 on the Members Equity SMHL Standard home loan. However, the amount you can borrow up to 95% of the property valuation. Furthermore, if you borrow over 85% of the property value you will have to pay mortgage insurance.
- Flexible repayment options. The Members Equity SMHL Standard home loan allows you to choose between weekly, fortnightly and monthly payments. This allows you to choose how you repay the loan depending on how you are paid.
- You can make additional repayments. You can make additional repayments on the Members Equity SMHL Standard home loan for no extra charge. By making extra repayments you are able to reduce the time it takes to pay off the loan and save money on the interest that is charged to the loan account.
- Redraw facility. If you make additional repayments you are then able to redraw them. This allows you to have peace of mind in knowing that you have additional funds at your disposal that are being put to use by lowering the interest that is charged to you. While there is a minimum redraw of $500 there are no charges with this facility.
- You can split the loan. The Members Equity SMHL Standard home loan allows you to split the loan. By splitting the loan you can have two different portions of the loan operating under different loan schemes. This can allow you to get some of the benefits of both the schemes while avoiding the full disadvantages of the schemes.
- No fees and charges. There is $0 application fees and $0 ongoing charges with the Members Equity SMHL Standard home. The only fee you will pay is an exit fee of $200.
The variable rate home loans are a great way to save money while the interest rates are low. The Members Equity SMHL Standard home loan offers you a great loan package with many features. The main feature of the Members Equity SMHL Standard home loan is the discounted interest rate. But the Members Equity SMHL Standard home loan also offers a range of features that allow you to reduce the amount of interest you pay and help pay off your loan faster. To find out more about the Members Equity SMHL Standard home loan please don’t hesitate to contact us.
Related posts:
- Members Equity Super Members Home Loan (SMHL) Standard
- Members Equity Super Members Home Loan (SMHL) Interest Only
- Members Equity Super Members Home Loan (SMHL) Offset
- Members Equity Super Members Home Loan (SMHL) Offset (Fixed)
- Members Equity SMHL Interest Only
- ME Bank Super Members 1 Year Fixed Rate Home Loan
- ME Bank Super Fund Members Package Home Loan
- HSBC Home Equity Loan
- ING Action Equity Home Loan
- IMB Standard Variable 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