26 October 2015
ME has today slashed its 2-year Flexible Home Loan fixed rate for owner-occupiers by 40 basis points to 3.89% p.a.1 (comparison rate 4.71% p.a.2).
It’s the lowest rate ever offered by the industry super fund-owned bank; and one of the cheapest 2-year fixed rate in market.
ME’s General Manager Broker Sales, Lino Pelaccia, said ME was able to facilitate the cut as a result of cheaper fixed rate funding.
“We’re choosing to pass these saving on to customers, true to our philosophy of helping everyday Australians get ahead,” he said.
“Savvy borrowers also have the option to split both our 2-year fixed rate with our competitive Flexible Home Loan with Member Package3 variable rate for new loans of 4.19% p.a. 1 & 4 (comparison rate 4.59% p.a. 2).”
For more details, refer to mebank.com.au/broker
(1) Interest rate for owner occupiers is current as at 16 October 2015 and is subject to change.
(2) Comparison Rate based on a loan of $150,000 for a term of 25 years. 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.
(3) Member Package annual fee of $395 applies.
(4) CONDITIONS OF DISCOUNT a 0.49% p.a. discount is offered off the reference rate for variable Flexible Home Loans with a Member Package where the primary loan purpose at application is owner occupied. Only applies to new home loan applications. The discount cannot be used with any other rate promotion. Existing applications, internal refinances, top ups or variations of existing home loans are not eligible. We may change or withdraw this discount at anytime. If you apply after the discount has been withdrawn the Flexible Home Loan with Member Package variable rate without discount (the reference rate) will apply.
Terms, conditions, fees and charges apply. Applications are subject to credit approval. Members Equity Bank Limited ABN 56 070 887 679 AFSL and Australian Credit Licence: 229500.