basic or
something extra?
two home loans. low rates & minimal fees. the choice is simple.
That’s why ME only has two options: the no frills, down to earth, Basic Home Loan. And one with a few extra sweet ingredients.
The Flexible Home Loan.
Whether you’re a first-time buyer, a seasoned investor or somewhere in between, you can borrow up to 95% of the value of your
home. And we’ll be upfront about any fees, costs and conditions you sign up for. Promise. Both loans come with all the
competitive interest rates, simple redraw facilities and flexible repayment options you’d expect but without the application or
account-keeping fees~.
Simply choose the option that works for you.
in a nut shell.
•
•
•
~
No application fee
No monthly account-keeping fees
Redraw cash from your available funds when you
need it
•
•
Flexible repayment options
Borrow up to 95% of the property valuation
Visit mebank.com.au for current interest rates and loan calculators.
compare.
basic
home loan
flexible
home loan
No application fee or ongoing account-keeping fees~
✓
✓
Member Package available (annual fee of $395)
✗
✓
Variable rate option
✓
✓
Fixed rate option (1–7 years)
✗
✓
Option to split your loan
✗
✓
Repayments (principal and interest or interest only)
✓
✓
100% offset transaction facility
✗
✓
Prepayment options
(ability to prepay on a fixed loan with no repayment fee)
N/A
Up to $30,000 additional
payments during fixed
term
No fees to redraw
✓
✓
Borrow up to 95% of property valuation
✓
✓
benefits, features and options
basic home loan.
flexible home loan.
This is the all-in-one option home
loan for buyers who know what they
want and how they’re gonna get it.
•
•
•
•
Choose between fixed and variable
interest rates or split the loan
between the two. Get free redraws
and a host of customisable extras
to help you get the best value for
your money. Like the ME EveryDay
Transaction Account, where you can
use the cash sitting in the account to
offset the amount owing on your
loan. Sweet.
Purchase a Member Package for an
annual fee with your Flexible Home
Loan and you’ll save even more.
•
•
Competitive fixed and variable rates
~
No application fee
No ongoing account-keeping fees
Option to use an EveryDay
Transaction Account to offset
your loan
Redraw your cash from available
funds when you need it
Buy a Member Package for an even
lower variable rate
Like most people, you’re an individual.
You’ve got a you-shaped life, and need
a you-shaped loan that fits in all the
right places.
member package.
+
If you go for the Flexible Home
Loan, you can purchase a
Member Package for an annual
fee of $395, and access a great
range of benefits across all your
eligible home loans.
You’ll get an even lower variable
interest rate on your home loan
and we’ll also waive our solicitor
fee, valuation fee and split loan
fees. It’s jam packed with ways to
save dough.
That’s where our Flexible Home Loan
comes in. It’s chock-full of customisable
options, so you’ve got plenty of ways
to get the best value for money.
You can even use the cash in your
ME Bank EveryDay transaction account
to offset the amount owing on your loan.
Sweet.
trophy cabinet.
2014 Smart Investor
Blue Ribbon Awards
Regional Bank of the Year
2014 Australian Lending Awards
Best Customer
Service
visit
mebank.com.au
legal stuff.
~Solicitor, valuation and agent fees may apply.This is general information only and you should consider if these products are appropriate for you.
Fees and charges apply. Terms and conditions available upon request. Home loan applications are subject to credit approval. Members Equity Bank Limited
ABN 56 070 887 679 AFSL and Australian Credit Licence 229500.
0515/214509