The Me Bank, or what is also known as Members Equity Bank Pty Limited, is a national bank based in Melbourne, Australia. Founded in 1994, it is the only bank in Australia that is wholly owned and established by the country’s leading industry super funds. The company initially started by offering lower home loan rates which were only available before to those who can afford better deals or larger loans. Now, Me Bank is known for fair banking and competitive products that are straightforward, transparent and very easy to understand, all with no hidden costs.

Products and Services

The Me Bank offers a full range of retail banking services, including home loans, credit cards, personal loans, car finance and insurance. They also offer business loans, asset finance and business deposit products, that will satisfy the needs of companies.

Those who are eligible to apply for a home loan at Me Bank may choose from a standard home loan, an ultimate offset account, or an interest only investment loan.

One can borrow a minimum of $40,000 with a standard home loan. With no application fees or ongoing account-keeping fees as well as three repayment options (weekly, fortnightly or monthly), borrowers can be sure that they are getting a lower variable rate compared to other banks. Clients can also make additional repayments to variable rate loans at no extra charge and can choose from loan periods of 5 to 30 years or opt for fixed rate terms.

Meanwhile, an ultimate offset account is suitable for a first home buyer, current home owner, investor, refinancer or renovator. This loan is specifically designed to help clients pay off their loan sooner by reducing the amount of interest they need to pay.

Lastly, the interest only investment loan is ideal of people who are planning to purchase, build or renovate a property.

Add up to 5 home loans to your enquiry and get a free detailed comparison report.

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Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

Please note that due to recent changes by numerous lenders, some rates may be slightly incorrect. We shall have this resolved shortly.

Comparison Rate is based on all fees, charges and interest over the term of a standard loan of $150,000 for 25 year.

Me Bank Home Loans Loan Type Initial Rate Comparison Rate  
Me Bank
Me Bank
1 Year Fixed 3.89% 4.31%  
  • Revert Rate: 4.14%
  • Maximum LVR: 80.00%
  • Monthly Payment: $803
  • Total Cost: $100,894
  • Total Interest: $91,019
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
1 Year Fixed 3.89% 4.85%  
  • Revert Rate: 4.93%
  • Maximum LVR: 80.00%
  • Monthly Payment: $871
  • Total Cost: $111,634
  • Total Interest: $111,234
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
2 Years Fixed 3.94% 4.27%  
  • Revert Rate: 4.14%
  • Maximum LVR: 80.00%
  • Monthly Payment: $803
  • Total Cost: $100,894
  • Total Interest: $91,019
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
2 Years Fixed 3.94% 4.77%  
  • Revert Rate: 4.93%
  • Maximum LVR: 80.00%
  • Monthly Payment: $871
  • Total Cost: $111,634
  • Total Interest: $111,234
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
3 Years Fixed 3.99% 4.25%  
  • Revert Rate: 4.14%
  • Maximum LVR: 80.00%
  • Monthly Payment: $803
  • Total Cost: $100,894
  • Total Interest: $91,019
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
Variable 3.99% 4.40%  
  • Revert Rate: 3.99%
  • Maximum LVR: 80.00%
  • Monthly Payment: $791
  • Total Cost: $97,153
  • Total Interest: $87,278
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
1 Year Fixed 3.99% 4.54%  
  • Revert Rate: 4.34%
  • Maximum LVR: 80.00%
  • Monthly Payment: $820
  • Total Cost: $105,930
  • Total Interest: $96,055
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
1 Year Fixed 3.99% 4.54%  
  • Revert Rate: 4.79%
  • Maximum LVR: 80.00%
  • Monthly Payment: $859
  • Total Cost: $117,464
  • Total Interest: $107,589
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Investment: Yes
Me Bank
Me Bank
3 Years Fixed 3.99% 4.70%  
  • Revert Rate: 4.93%
  • Maximum LVR: 80.00%
  • Monthly Payment: $871
  • Total Cost: $111,634
  • Total Interest: $111,234
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
1 Year Fixed 3.99% 5.32%  
  • Revert Rate: 5.44%
  • Maximum LVR: 80.00%
  • Monthly Payment: $916
  • Total Cost: $125,129
  • Total Interest: $124,729
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
1 Year Fixed 3.99% 5.33%  
  • Revert Rate: 5.54%
  • Maximum LVR: 80.00%
  • Monthly Payment: $925
  • Total Cost: $127,815
  • Total Interest: $127,415
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Investment: Yes
Me Bank
Me Bank
3 Years Fixed 4.09% 4.48%  
  • Revert Rate: 4.34%
  • Maximum LVR: 80.00%
  • Monthly Payment: $820
  • Total Cost: $105,930
  • Total Interest: $96,055
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
2 Years Fixed 4.09% 4.54%  
  • Revert Rate: 4.34%
  • Maximum LVR: 80.00%
  • Monthly Payment: $820
  • Total Cost: $105,930
  • Total Interest: $96,055
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
3 Years Fixed 4.09% 5.09%  
  • Revert Rate: 5.44%
  • Maximum LVR: 80.00%
  • Monthly Payment: $916
  • Total Cost: $125,129
  • Total Interest: $124,729
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
2 Years Fixed 4.09% 5.21%  
  • Revert Rate: 5.44%
  • Maximum LVR: 80.00%
  • Monthly Payment: $916
  • Total Cost: $125,129
  • Total Interest: $124,729
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
Variable 4.24% 4.64%  
  • Revert Rate: 4.24%
  • Maximum LVR: 80.00%
  • Monthly Payment: $812
  • Total Cost: $103,405
  • Total Interest: $93,530
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Investment: Yes
Me Bank
Me Bank
4 Years Fixed 4.49% 4.50%  
  • Revert Rate: 4.14%
  • Maximum LVR: 80.00%
  • Monthly Payment: $803
  • Total Cost: $100,894
  • Total Interest: $91,019
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
5 Years Fixed 4.49% 4.55%  
  • Revert Rate: 4.14%
  • Maximum LVR: 80.00%
  • Monthly Payment: $803
  • Total Cost: $100,894
  • Total Interest: $91,019
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
5 Years Fixed 4.49% 4.77%  
  • Revert Rate: 4.93%
  • Maximum LVR: 80.00%
  • Monthly Payment: $871
  • Total Cost: $111,634
  • Total Interest: $111,234
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
4 Years Fixed 4.49% 4.80%  
  • Revert Rate: 4.93%
  • Maximum LVR: 80.00%
  • Monthly Payment: $871
  • Total Cost: $111,634
  • Total Interest: $111,234
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
4 Years Fixed 4.59% 4.70%  
  • Revert Rate: 4.34%
  • Maximum LVR: 80.00%
  • Monthly Payment: $820
  • Total Cost: $105,930
  • Total Interest: $96,055
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
5 Years Fixed 4.59% 4.73%  
  • Revert Rate: 4.34%
  • Maximum LVR: 80.00%
  • Monthly Payment: $820
  • Total Cost: $105,930
  • Total Interest: $96,055
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
5 Years Fixed 4.59% 5.10%  
  • Revert Rate: 5.44%
  • Maximum LVR: 80.00%
  • Monthly Payment: $916
  • Total Cost: $125,129
  • Total Interest: $124,729
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
4 Years Fixed 4.59% 5.16%  
  • Revert Rate: 5.44%
  • Maximum LVR: 80.00%
  • Monthly Payment: $916
  • Total Cost: $125,129
  • Total Interest: $124,729
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
Variable 5.03% 5.05%  
  • Revert Rate: 5.03%
  • Maximum LVR: 80.00%
  • Monthly Payment: $880
  • Total Cost: $114,253
  • Total Interest: $113,853
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
6 Years Fixed 5.49% 5.07%  
  • Revert Rate: 4.14%
  • Maximum LVR: 80.00%
  • Monthly Payment: $803
  • Total Cost: $100,894
  • Total Interest: $91,019
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
7 Years Fixed 5.49% 5.17%  
  • Revert Rate: 4.14%
  • Maximum LVR: 80.00%
  • Monthly Payment: $803
  • Total Cost: $100,894
  • Total Interest: $91,019
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
6 Years Fixed 5.49% 5.22%  
  • Revert Rate: 4.93%
  • Maximum LVR: 80.00%
  • Monthly Payment: $871
  • Total Cost: $111,634
  • Total Interest: $111,234
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
7 Years Fixed 5.49% 5.26%  
  • Revert Rate: 4.93%
  • Maximum LVR: 80.00%
  • Monthly Payment: $871
  • Total Cost: $111,634
  • Total Interest: $111,234
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Owner Occupier: Yes
Me Bank
Me Bank
Variable 5.54% 5.56%  
  • Revert Rate: 5.54%
  • Maximum LVR: 80.00%
  • Monthly Payment: $925
  • Total Cost: $127,815
  • Total Interest: $127,415
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Redraw Facility: Yes
  • Interest Only Payments: Yes
  • Offset Account: Yes
  • Investment: Yes
Me Bank
Me Bank
6 Years Fixed 6.29% 5.60%  
  • Revert Rate: 4.34%
  • Maximum LVR: 80.00%
  • Monthly Payment: $820
  • Total Cost: $105,930
  • Total Interest: $96,055
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
7 Years Fixed 6.29% 5.74%  
  • Revert Rate: 4.34%
  • Maximum LVR: 80.00%
  • Monthly Payment: $820
  • Total Cost: $105,930
  • Total Interest: $96,055
  • Total Fees: $9,875
  • Annual Fee: $395
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
6 Years Fixed 6.29% 5.89%  
  • Revert Rate: 5.44%
  • Maximum LVR: 80.00%
  • Monthly Payment: $916
  • Total Cost: $125,129
  • Total Interest: $124,729
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes
Me Bank
Me Bank
7 Years Fixed 6.29% 5.94%  
  • Revert Rate: 5.44%
  • Maximum LVR: 80.00%
  • Monthly Payment: $916
  • Total Cost: $125,129
  • Total Interest: $124,729
  • Total Fees: $400
  • Upfront Fee: $400
  • Extra Repayments: Yes
  • Interest Only Payments: Yes
  • Investment: Yes