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ME Bank Flexible Home Loan (Member Package)

The ME Bank Flexible Home Loan (Member Package) offers variable rates from 5.64% p.a. (6.04% p.a. comparison rate*) and fixed rates from 5.14% p.a. (6.05% p.a. comparison rate*). Up to $3,000 cashback when you refinance to ME Bank. Low deposit home loans.


Updated 12 July 2025


Fact checked and verified. Updated 12 July 2025
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Interest Rates
Enter scenario to see relevant rates
I want to borrow
with a deposit of
for my
Principal & Interest(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

Variable

5.64%

6.04%

1 Year Fixed

5.64%

6.16%

2 Year Fixed

5.14%

6.05%

3 Year Fixed

5.14%

5.99%

4 Year Fixed

5.44%

6.05%

5 Year Fixed

5.44%

6.03%

Interest Only(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

Variable

7.37%

6.83%

1 Year Fixed

7.09%

6.31%

2 Year Fixed

6.79%

6.37%

3 Year Fixed

6.59%

6.40%

4 Year Fixed

6.99%

6.62%

5 Year Fixed

7.19%

6.80%

Expert Review

If you're after a fully featured home loan with package benefits, then the ME Bank Flexible Home Loan (Member Package) is worth considering. As part of a broader home lending package and one of ME Bank's most comprehensive home loan offerings, it features variable and fixed interest rates across the Owner Occupier and Investor categories, and the ability to split your loan into variable and fixed rate parts. ME Bank also offers a basic home loan option, so it is prudent to consider what's most important to you before applying. Further details about the ME Bank Flexible Home Loan (Member Package) options and benefits are outlined below.

Package overview, Owner Occupied and Investor loans:
A key feature offered under the Package is the ability to use an offset account to minimise interest charged. This can, over the life of the loan, save borrowers significant money. Under the Package, there is the option to split the loan into Variable and Fixed rate components, plus being able to make extra repayments and in the future, redraw funds if desired. In terms of repayments Interest Only repayments and Principal and Interest repayments are available.
Specifically for Owner Occupier loans, under the package:
Pricing includes a $395 annual fee, and a low variable rate starting from 5.14% p.a. (6.05% p.a. comparison rate) on Principal and Interest repayments. Alternatively a range of fixed rates are available, including 5.14% p.a. fixed for 3 years (5.99% p.a. comparison rate). Upon expiry of the fixed rate period, the loan will revert to a variable rate, currently starting from 8.00% p.a. (8.37% p.a. comparison rate), or a lower rate if you have negotiated one. Keep in mind that these rates should be negotiable if you are borrowing a sizeable amount, particularly if you also hold a large deposit or equity in the property. Also, the ME Bank Flexible Home Loan (Member Package) does require a minimum of either 10% deposit or 10% existing equity. Often anything above these amounts will help you further negotiate a lower interest rate.
Specifically for Investor loans, under the package:
Pricing includes a $395 annual fee, and a low variable rate starting from 5.34% p.a. (6.25% p.a. comparison rate) on Principal and Interest repayments. An Interest Only repayment option is also available, featuring a low variable rate starting from 5.44% p.a. (6.27% p.a. comparison rate). Seperately there's a range of fixed rates available, including 5.14% p.a. fixed for 3 years (5.99% p.a. comparison rate). Upon expiry of the fixed rate period, the loan will revert to a variable rate, currently starting from 8.00% p.a. (8.37% p.a. comparison rate), or a lower rate if you have negotiated one. Please note, this investor loan requires a minimum 10% deposit or 10% existing property equity. For lending above these amounts, you'll be positioned well to negotiate a lower interest rate.
Summary
Considering the range of options available with this product under the package, this home loan will appeal to a range of people, either as a home owner or as an investor. It will also appeal to someone where the lesser known ME Bank brand and service isn’t a concern, or for those who are happy to bank with a lender that offers features most important to them, over who the lender is.

Product Details
All the features of a ME Flexible Home Loan with added Member Package benefits like lower variable rates and reduced fees."
- ME Bank
Fees

•

$0 establishment fee

•

$395 ongoing annual fee

Other fees may apply.

Loan Amount

•

From $40,000

Feature

•

Split your loan into fixed and variable rate portions

•

Save interest with an offset account on variable rates

•

Make extra repayments

•

Redraw extra repayments that you have made from variable rates

•

Package discounts and benefits

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the ME Bank website.

More information
* Comparison rate is based on a secured loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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