On 28 July 2017, industry super fund-owned bank ME reduced its variable rate and fixed rate home loans for owner occupiers. ME’s variable rate principal and interest owner occupier home loans and 2 year fixed rate home loans are currently the best rates in the market.

The new rates are below:

Variable Rates – Principal & Interest
Flexible Home Loan with Member Package – LVR 80% or Less – $150,000 to $400,0003.79%
Flexible Home Loan with Member Package – LVR 80% or Less – $400,000 to $700,0003.74%
Fixed Rates – Principal & Interest
2 year fixed rate3.74%
3 year fixed rate3.99%

Through its Member Benefits Program, ME provides an even cheaper banking alternative for AEU members through special offers, discounts and bonuses across the ME retail product suite.

Between 20 July and 31 October, AEU members will have access to:

  • A 0.35% per annum discount off the standard variable rate interest rate on a basic home loan for owner occupiers paying for both principal and interest, making the rates above even more competitive
  • A preferential variable rate on purchases through ME’s low-rate credit card, which is 2% better than the equivalent rate for non-members and 9% lower than the market median.

Contact your ME Relationship Manager, Stephen Tully on 0467 726 568 or email stephen.tully@mebank.com.au if you would like to discuss further.

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