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.
Cashback offer
ME is offering cashbacks to refinancers. There's a $3,000 cashback for eligible refinancers switching their loans from another bank. Loans must be at least $700k and have an LVR of less than 80%. Both owner occupiers and investors are eligible but loans with interest only repayments are not eligible.
This offer is available for applications received from 15 June 2024. The loan must be settled within 120 days of the application. Only one cashback per application.
Compare ME Bank home loans for April 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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ME Bank key facts
ME Bank's home loan rates are quite competitive, especially on its fixed rate package loans.
ME Bank is an online lender. The bank has phone and email support. If you want in-person help with your loan application, you might need to look elsewhere.
You need a 20% deposit to get most ME Bank home loans.
If you want a package home loan that offers a low rate bundled with other financial products in exchange for an annual fee, ME Bank is well worth considering.
Here are the key features and details you need to know about ME's mortgage products.
Feature
Details
Minimum deposit
Most ME Bank loans have 80% maximum LVRs. This means you can borrow up to 80% with an ME Bank mortgage. But it does have a couple of options for borrowers with low deposits (that is, deposits below 20%).
Most ME Bank mortgages allow you to split your loan into fixed and variable portions.
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.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
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).
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.
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.
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.
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.
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.
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.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
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 609 Finder guides across topics including:
Can you use any of your C’bus super as a deposit on a house loan
Finder
MarcJanuary 13, 2014Finder
Hello Tony,
Thanks for the question.
In some cases super amounts in a self-managed super fund can be used to fund a property purchase. Check out our Self-Managed Super Fund (SMSF) Home Loans review page to get information on the process.
I hope this helps,
Marc
ShaneJanuary 6, 2014
I would like to apply for a home loan.
Thanks
Shane.
Finder
MarcJanuary 6, 2014Finder
Hello Shane,
thanks for the question.
You can apply for a home loan from ME Bank by clicking the ‘Go to site’ buttons next to the relevant loan, or contacting ME Bank directly.
By using the equity you have in your property, you could borrow cash for a number of reasons without needing to make regular repayments back into the loan.
Discharged bankrupts start off their financial state fresh, but some may still find it difficult to get a mortgage. Discharged bankrupts may still get a home loan, but with stricter conditions and higher loan rates.
If you haven't sold your house yet, but want to buy your next one before the sale is completed a bridging loan may be able to help. Read on to discover how bridging finance can help.
You may be able to get a low deposit home loan with just a 5% cash deposit. Here are the lenders who are more likely to lend you a 95% loan.
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Can you use any of your C’bus super as a deposit on a house loan
Hello Tony,
Thanks for the question.
In some cases super amounts in a self-managed super fund can be used to fund a property purchase. Check out our Self-Managed Super Fund (SMSF) Home Loans review page to get information on the process.
I hope this helps,
Marc
I would like to apply for a home loan.
Thanks
Shane.
Hello Shane,
thanks for the question.
You can apply for a home loan from ME Bank by clicking the ‘Go to site’ buttons next to the relevant loan, or contacting ME Bank directly.
Cheers,
Marc.