RBA rate cut to customers.

ME Bank’s Standard Home Loan variable interest rate will drop to 4.88% p.a. (comparison rate 4.89% p.a.) and its member package rate will fall to 4.68% p.a. (comparison rate 5.07% p.a.) providing one of the most competitive rates for home loans up to $500,000.

The new home loan rates are mostly effective 22 May 2015. 

 

Product New variable rate % p.a. Comparison Rate % p.a.#     Effective Date
Basic home

4.29

4.30

22/5/2015

Flexible home loan

4.88

4.89

22/5/2015

Flexible home loan – Member Package

4.68

5.07

22/5/2015

Standard Home Loan

4.88

4.89

22/5/2015

Interest Only Investment Loan

4.88

4.89

15/6/15

Standard Home Loan - Settled before 01-Oct-98

4.88

4.89

15/6/15

Member Package – Standard Home Loan

4.68

5.07

22/5/2015

Member Package - Ultimate Offset Account

4.68

5.07

22/5/2015

Member Package -
Interest Only Investment Loan

4.68

5.07

15/6/15

Ultimate Offset Account - Version 2

5.18

5.19

22/5/2015

 

 

 -Ends-

Interest rates are proposed as at 5/5/2015 and subject to change. Terms and conditions are available on request. Fees and charges may apply. Applications are subject to credit approval.  Australian Credit Licence 229500. #Comparison rates calculated on a loan of $150,000 for a term of 25 years, repaid monthly. 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.

 

MATTHEW READ, MEDIA AND COMMUNICATION MANAGER

P 03 9708 3334 M 0432 130 338 Email

ME Bank is the only bank which is 100 per cent owned by Australia’s leading industry super funds. ME Bank provides industry super fund, union and employer association members with a genuinely fairer banking alternative.