Read on to learn more about ME Bank’s home loans and features.
ME Bank, short for Members Equity Bank, is an Australian bank owned 100% by 26 Industry Super Funds, such as Australian Super, HostPlus, SunSuper, CareSuper, CBUS and more. ME Bank, which also goes by just ME, was founded in 1994 as Super Member Home Loans, before changing its name in 1999 after receiving a full banking license.
The lender offers a range of banking products in addition to home loans, such as savings accounts, credit cards, term deposits, and transaction accounts. It’s also a fully digital bank with no branches, which it states allows it to offer lower-cost products.
If you're a first home buyer, a refinancer, a property investor or another type of borrower, ME could have plenty of mortgage products to suit your needs.
The table below contains some of ME's latest home loan offers.
ME offers a range of home loans to both owner-occupiers and investors, including:
ME Bank also offers different types of repayments (e.g. interest-only, or principal and interest) to suit different circumstances.
Accompanying some of ME's home loan products are the following features:
ME also offers a home loan health check-up, where you can check the progress of your loan repayments with one of ME’s experts.
Not all ME home loan products will have all of these features. Be sure to consult your broker or a mortgage specialist from for more details. Check the Ts and Cs for more info on a loan’s fees, charges, interest rates and features.
To be eligible to apply for a home loan with ME you generally need to:
You can apply for an ME Bank home loan online or by phone on 1300 490 554. You can also call ME to book a chat with a mobile expert.
To ensure your home loan application with ME is successful you should have the following documents ready:
Generally, it can take several weeks at least to be fully processed and approved, as ME needs to verify your identity, assess your application in terms of your finances and transfer security of the property. Sometimes it can take more or less time, but don’t rush it and don’t get impatient.
Pre-approval tends to take less time than unconditional approval, and you should receive a pre-approval within one business day of completing your application with ME, but speak to an ME mortgage specialist for more information on your application.
ME can verify your identity electronically or over the phone, using the personal details you provided during your application. But you can also verify your ID with ME directly by filling out its Identification Verification form.
Your home loan application can be unsuccessful if you don't meet the eligibility criteria or haven't supplied all the documentation required for the process to move forward.
Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:
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