ME home loans

How we calculate Home Loan Finder Scores

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What different scores mean

9+

Excellent

These home loans offer low costs, coupled with a host of features, giving the best overall value.

7+

Great

These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.

5+

Standard

Usually the home loans would offer above average rates. They may still include some competitive features.

0+

Basic

Higher costs and/or fewer features.

ME Bank is an online Australian bank owned by the Bank of Queensland. ME Bank offers various fixed and variable home loans online. Check out the full table of ME Bank products below or read more about the lender and its loans.

Compare ME Bank home loans for March 2025

Hit the "Load more" button to compare a bigger selection of products and hit the green button to go to ME Bank's website to start an enquiry or learn more about the loan.

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Name	Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Monthly Payment
ME Flexible Home Loan Fixed Principal & Interest 2Y Fixed20% min. depositOwner-occupierOffset account ME Flexible Home Loan Fixed Principal & Interest 2Y Fixed20% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name ME Flexible Home Loan Fixed Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.69% Comp. Rate p.a. 7.85% Minimum Loan Amount $40,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $200 Valuation Fee $200 Ongoing Fees $0 p.a. Settlement Fee $250 Discharge Fee $350 Pros No application or ongoing fees Large range of fixed term choices Make additional repayments of up to $30,000 during the fixed term Cons Valuation fee of $200 Solicitors fee of $200 Discharge fee of $350	Finder score 9.1 Excellent	Interest Rate 5.69%	Comparison Rate 7.85%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $871	Continue Compare	$2-$3,000 cashback Eligible new purchasers can get $2,000 cashback for loans of at least $400k. Eligible refinancers switching to ME Bank can get $3,000 cashback for loans of at least $700k. Other conditions apply.
ME Flexible Home Loan Fixed with Members Package Principal & Interest 2Y Fixed50% min. depositOwner-occupier ME Flexible Home Loan Fixed with Members Package Principal & Interest 2Y Fixed50% min. depositOwner-occupier Details Fees Pros & cons Product Name ME Flexible Home Loan Fixed with Members Package Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.54% Comp. Rate p.a. 6.32% Minimum Loan Amount $40,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 50% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $200 Valuation Fee $200 Ongoing Fees $395 p.a. Settlement Fee $250 Discharge Fee $350 Pros Extra repayments up to $30,000 per year are allowed No application fee Cons Annual fee of $395 Discharge fee of $350 Solicitor fee of $200	Finder score 9 Excellent	Interest Rate 5.54%	Comparison Rate 6.32%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $857	Continue Compare
ME Flexible Home Loan Fixed with Members Package Principal & Interest 2Y Fixed40% min. depositOwner-occupier ME Flexible Home Loan Fixed with Members Package Principal & Interest 2Y Fixed40% min. depositOwner-occupier Details Fees Pros & cons Product Name ME Flexible Home Loan Fixed with Members Package Interest Rate Type Fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.54% Comp. Rate p.a. 6.32% Minimum Loan Amount $40,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $200 Valuation Fee $200 Ongoing Fees $395 p.a. Settlement Fee $250 Discharge Fee $350 Pros Extra repayments up to $30,000 per year are allowed No application fee Cons Annual fee of $395 Discharge fee of $350 Solicitor fee of $200	Finder score 9 Excellent	Interest Rate 5.54%	Comparison Rate 6.32%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $857	Continue Compare
ME Flexible Home Loan Fixed with Members Package Principal & Interest 2Y Fixed30% min. depositOwner-occupier ME Flexible Home Loan Fixed with Members Package Principal & Interest 2Y Fixed30% min. depositOwner-occupier Details Fees Pros & cons Product Name ME Flexible Home Loan Fixed with Members Package Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.54% Comp. Rate p.a. 6.32% Minimum Loan Amount $40,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 70% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $200 Valuation Fee $200 Ongoing Fees $395 p.a. Settlement Fee $250 Discharge Fee $350 Pros Extra repayments up to $30,000 per year are allowed No application fee Cons Annual fee of $395 Discharge fee of $350 Solicitor fee of $200	Finder score 9 Excellent	Interest Rate 5.54%	Comparison Rate 6.32%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $857	Continue Compare
ME Flexible Home Loan Fixed with Members Package Principal & Interest 2Y Fixed20% min. depositOwner-occupier ME Flexible Home Loan Fixed with Members Package Principal & Interest 2Y Fixed20% min. depositOwner-occupier Details Fees Pros & cons Product Name ME Flexible Home Loan Fixed with Members Package Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.54% Comp. Rate p.a. 6.32% Minimum Loan Amount $40,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $200 Valuation Fee $200 Ongoing Fees $395 p.a. Settlement Fee $250 Discharge Fee $350 Pros Extra repayments up to $30,000 per year are allowed No application fee Cons Annual fee of $395 Discharge fee of $350 Solicitor fee of $200	Finder score 9 Excellent	Interest Rate 5.54%	Comparison Rate 6.32%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $857	Continue Compare	$2-$3,000 cashback Eligible new purchasers can get $2,000 cashback for loans of at least $400k. Eligible refinancers switching to ME Bank can get $3,000 cashback for loans of at least $700k. Other conditions apply.

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ME Bank home loan features

Here are the key features and details you need to know about ME's mortgage products.

Lenders like ME Bank

If you want to compare loans from lenders similar to ME Bank, then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

• Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
• Tiimely Home. This lender's online application tool can process your mortgage application fast. Backed by Bendigo and Adelaide Bank.
• Homestar. A 100% online lender, Homestar has been providing mortgages to Australian borrowers since 2004.
• loans.com.au. A Brisbane-based online lender, loans.com.au is backed by Firstmac, Australia's largest non-bank lender.
• ING. This online bank is part of the global, Dutch-based financial group of the same name.
• UBank. This online bank is actually owned by NAB.

How do I apply for an ME Bank mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each ME Bank product has specific eligibility criteria but some will apply to all products. For example:

• Age. You must be over 18 years of age.
• Residency. You should be a resident of Australia.
• Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with ME Bank you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property, but to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (such as savings accounts and investments) and liabilities (for example, any outstanding debt you may have).

How to apply for a home loan

More home loan questions

• How do I compare ME Bank home loans?

  To make sure you find the right ME Bank loan, you need a clear idea of what you're looking for in a mortgage. These simple questions can help:

  • Are you comfortable applying online? As ME Bank is an online lender, you need to be comfortable completing the entire home loan process via the web (with phone and chat support).
  • What do you need the loan for? If you're buying a home to live in, you need an owner-occupier loan. Property investors need an investment loan rate. ME Bank has both.
  • Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period, so you can forget about rate changes altogether?
  • What features do you need? If you want a 100% account with your home loan, make sure the ME Bank loan you're interested in has this feature before you apply.

• What is home loan pre-approval?

  Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits, and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.

  Pre-approval is not something every lender offers, but many do.

• Are there any risks going with a smaller lender?

  Most Australian borrowers bank with one of the Big Four (CommBank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender, but there's no reason to worry.

  In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.

• Should I go with a fixed or variable rate?

  Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.

  A fixed rate loan offers total certainty about your rate for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.

• Do I need a mortgage broker?

  Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

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What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

Written by

Richard Whitten

Money Editor

Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise

Richard has written 591 Finder guides across topics including:

• Home loans
• Property
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