ME Bank offers decent fixed rates under sub 6%.
Please note that fixed rates can vary from time to time as banks can amend their pricing at anytime.
ME offers cashback for refinancing applications for loan size over $400K. Good option for refinancing multiple debts, multiple cashbacks available for multiple securities, combo pricing for investment and owner-occupied properties and e-loan docs signing.
Cashback for refinancing is available to owner occupiers and investors on all ME home loan products:
Apply from 19/04/2024 and settle within 120 days of the loan application date:
$2,000 cashback for applications with a minimum loan size of $400k and LVR up to 80%
$3,000 cashback for applications with a minimum loan size of $700k and LVR up to 80%
Owner occupied P&I with comparison rate (CR)
• Basic Variable with redraw facility under 80% (OO PI) at 6.17% CR at 6.19%
• Member Package Variable with offset facility under 60% (OO PI) at 6.19% CR at 6.57%
• Member Package 2 Years Fixed under 80% (OO PI) at 5.79% CR at 6.61%
• Member Package 3 Years Fixed under 80% (OO PI) at 5.79% CR at 6.56%
• Member Package 2 and 3 Years Fixed under 90% (OO PI) at 5.99% CR at 7.57%
Investment P&I with comparison rate (CR)
• Member Package Variable with offset facility under 80% (OO PI) IR at 6.44% CR at 6.82%
• Member Package 2 Years Fixed under 80% (OO PI) IR at 6.24% CR at 7.02%
• Member Package 3 Years Fixed under 80% (OO PI) IR at 6.19% CR at 6.96%
Investment IO with comparison rate (CR)
• Member Package Variable with offset facility under 80% (OO PI) IR at 6.69% CR at 6.93%
• Member Package 2 Years Fixed with offset facility under 80% (OO PI) IR at 6.39% CR at 7.05%
• Member Package 3 Years Fixed with offset facility under 80% (OO PI) IR at 6.34% CR at 7.00%
Other refinancing rebates available:
St George - Get up to $2,000 cashback
ANZ - Get up to $2,000 cashback
ME and BOQ- Get up to $2,000 cashback
Comparison Rates
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
My Profile:
Ex corporate accountant for over 10 years before joined my own mortgage broker as a trainee and has been a full-time mortgage broker for over 10 years. Recent review over 100 clients.(wordofmouth.com.au). Won National Top Broker for customer service award 2022.
Contact me for a no obligation meeting via https://calendly.com/james-sim/30min or call me directly.
James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected]
https://www.nectarmortgages.com.au/project/james-sim/
Authorised Credit Representative Number: 459750
Australian Credit License number 387856
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