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ME Bank Home Loan from 1.98% P&I Variable (LVR < 50% Min $400K) & $3,000 Cashback @ ME Bank

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ME Bank Home Loan from 1.98% P&I Variable (LVR < 50% Min $400K) & $3,000 Cashback @ ME Bank
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AssociatedWilson Heroes HL @ Heroes Home Loans on 14/03/2022 - 21:18 mebank.com.au (338 clicks)
Last edited 15/03/2022 - 11:32 by 2 other users

Hello All Ozbargainers

ME Bank has new offer for the FLEXIBLE HOME LOAN WITH MEMBERS PACKAGE and offering an $3000 Cashback on all refinances for owner occupied and investments

Principal and Interest Owner Occupied HOME LOAN

1.98% variable (CPR 2.45%) FOR LVR < 50% (Min Loan 400K)
2.03% variable (CPR 2.50%) FOR 50% < LVR <60% (Min Loan 400K)
2.09% variable (CPR 2.56%) FOR 60%< LVR <70% (Min Loan 400K)
2.14% variable (CPR 2.61%) FOR 70%< LVR <80% (Min Loan 400K)

For Loans between $150K and 400K
2.29% variable (CPR 2.75%) FOR LVR <70%
2.59% variable (CPR 3.05%) FOR 70%< LVR <80%

Fixed rates are available

1 Year Fixed Rate - 2.89% (CPR 3.68%) FOR LVR < 80%
2 Year Fixed Rate - 3.14% (CPR 3.69%) FOR LVR < 80%
3 Year Fixed Rate - 3.44% (CPR 3.76%) FOR LVR < 80%

Principal and interest INVESTMENT HOME LOAN

2.98% variable (CPR 3.43%) FOR LVR <80%

Please contact us for details rates are subject to lender changes

Member Package fee - $395 yearly
No valuation fee.
Agent and Solicitor fees - $310

A $3,000 cash back offer is available on refinances of an existing home loan from another financial institution with a minimum new lending of $250,000. To be eligible for this offer, applications must be received by Monday 30 May 2022 (inclusive) and settled by Wednesday 31 August 2022. Not available for the refinance, restructure, switches or top ups of home loans from ME or from other lenders within the Bank of Queensland (BOQ) Group which includes BOQ, BOQ Specialist and Virgin Money (Australia). This offer is available to Owner Occupier and Investors on all ME home loan products, except construction loans and owner occupied loans with interest only repayments. A home loan application involving both a purchase and refinance are acceptable, provided all other eligibility criteria is satisfied. Loan to valuation ratio must be 80% or less. Only one $3,000 cash back can be received per qualifying home loan application regardless of the number of borrowers. In the case of multiple qualifying applications, only one $3,000 cash back can be received per separate security property.

We also offer the following product as well

Citibank - 1.99% variable for Owner Occupied up to $6000 cashback
ING - 1.99% variable rate for Owner Occupied up to $3000 cashback
Suncorp - 1.99% variable rate for Owner Occupied up to $3000 cashback

0.25% BROKER REBATE APPLIES TO ALL PRODUCTS

We are a Sydney Based Broker that has several years' experience in mortgage industry and have access to 45 different lenders.
Please feel free to email me at [email protected] or text/call me on 0479107213 and I would be happy to answer all finance related questions

Wilson Yuan
Managing Director
M : 0479107213
E : [email protected]
W: www.heroeshomeloans.com.au

Credit Representative Number is 530101 under Australia's Services Australian Credit License (ACL) 389328 © 2021 HEROES HOME LOANS AUSTRALIA PTY LTD

Referral Links

Referral: random (36)

$150 Coles Group & Myer Gift Card for both referree and referrer when loans are settled.

Financial Cashback Home Loan Loan Refinance

Related Stores

ME Bank
ME Bank
Heroes Home Loans
Heroes Home Loans
Third-Party

closed Comments

  • RichieVn on 14/03/2022 - 21:30

    can we refinance for 1 year and still get the broker rebate + cashback from the bank?
    can we refinance coming from Bank of Melbourne?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 15/03/2022 - 05:50

      Hi Khoed792

      Yes you can, there's no issue with that as long you satisfy their lending criteria.

      Please feel free to email me at [email protected] or text/call me on 0479107213 and I would be happy to answer all finance related questions

      Warm Regards

      • [Deactivated] on 15/03/2022 - 11:05

        is there fixed loan for owner occupied? what's the rate? I assume the one you stated above is for investment fixed loan?

        • AssociatedWilson Heroes HL @ Heroes Home Loans on 15/03/2022 - 11:33

          Hi

          Apologies those rate are owner occupied which are the following

          1 Year Fixed Rate - 2.89% (CPR 3.68%) FOR LVR < 80%
          2 Year Fixed Rate - 3.14% (CPR 3.69%) FOR LVR < 80%
          3 Year Fixed Rate - 3.44% (CPR 3.76%) FOR LVR < 80%

          Warm Regards

  • [Deactivated] on 14/03/2022 - 21:30
    +5

    thanks OP just bought 6 houses in Vaucluse

    • mr_asstight on 14/03/2022 - 21:34
      +3

      rookie numbers

      • [Deactivated] on 14/03/2022 - 22:24

        you're right umm… mr…asstight …

    • htc on 14/03/2022 - 21:36
      +2

      How did op help you buy six houses? You didn't imply you are related to Mike Cannon Brookes?

  • Clear on 14/03/2022 - 21:33

    How far do you think the variable will go up?

    • jv on 14/03/2022 - 21:45

      0.25% in a couple of months, and another 0.25% later in the year.

  • jv on 14/03/2022 - 21:44
    -4

    ME MY Home Loan

    fixed…

    • tg on 15/03/2022 - 10:07

      ME don't think this is funny

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 15/03/2022 - 13:42

      Hey no bank is perfect but we do offer other products from other lenders (we have a panel of 45 different lenders including the major bank). For example we offer the following deals

      Citibank - 1.99% variable for Owner Occupied up to $6000 cashback
      ING - 1.99% variable rate for Owner Occupied up to $3000 cashback
      Suncorp - 1.99% variable rate for Owner Occupied up to $3000 cashback

  • Vote for Pedro on 14/03/2022 - 21:46

    GC Mutual has refinance deal at 2.09% for 60-80% LVR and no package fees.

    • tg on 15/03/2022 - 12:49

      Dear ME!

  • baron33 on 14/03/2022 - 22:45
    +2

    Agent and Solicitor fees - $310？？

    I never had this fee in my previous refinance only package fee discharge fee and government fee

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 15/03/2022 - 05:48

      Some lenders cover that fee and other's dont.

  • Aek on 14/03/2022 - 23:05

    Hi
    I am with Me bank. Can I do something to get my interest low? Currently I am paying 3.02% on my variable loan
    Thank you

    • LittleTicket on 14/03/2022 - 23:09
      +1

      Bruh. Leave

    • smurfy on 14/03/2022 - 23:20

      Send them an email and ask for a better rate. I did that with my provider a while ago and they happily obliged to drop rate to 1.99. if they don't, go elsewhere.

      • mr_asstight on 14/03/2022 - 23:56

        Only when I was able to submit mortgage discharge form is when they dropped my variable 3.04% to 2.49%

  • ShipShapeRC on 14/03/2022 - 23:41

    How can we have almost no inflation while house prices skyrocket, fuel skyrockets and food skyrockets. Has the reserve bank looked out the window in the past few years? I remember when interest rates were 19%+. Kids, history will repeat, especially when we will have to play catch up to the reality of the past few years.

    • Makaroni on 15/03/2022 - 00:26
      +2

      ok boomer.

    • flux on 15/03/2022 - 07:45
      +1

      Pfft please. This rba doesn't even have the balls to raise beyond 0.1%, do you really think they'll let it get anywhere near that high and collapse the housing market. No of course not, they'd rather run inflation and the currency to nothing because of all those idiots out there who have over leveraged putting the rba into a spot where they are stuck and cant raise rates.

      • havabeer on 15/03/2022 - 10:00
        +1

        if they RBA won't budge, something else will. You can only kick the can for so long.

    • Gregors510 on 15/03/2022 - 09:42
      +2

      The RBA have already said they won’t move interest rates to address housing prices, and while it depresses me to watch them go up, I agree. The reason the housing market is the way it is, is because it’s probably the single easiest way to avoid paying tax in this country, and a lot of people lucked their way into asset wealth. Interest rates were that high in the past, sure, but most inflated their way out of the debt and wages went up too.

      I also believe inflation is not calculated all that accurately, I’m not sure it takes fuel into account and I recall someone saying that the way they work it out with groceries is fairly skewed.

      Either way, the government needs to address it, not the RBA. We tried to ditch negative gearing last election and all the boomers and property investors got scared:

      People of that generation (not all, of course) that younger people don’t want to work hard…. I’m not sure accruing equity in your house cos you were born in the right decade and using that to buy more houses counts as “working hard”. Sure, you might have worked hard aswell, but there’s is some cognitive dissonance if they think their situation is purely a result of hard work. Lots of young people work really hard too.

      • tunzafun001 on 15/03/2022 - 11:02
        +3

        Life…. an all encompassing Ponzi scheme.

        • mr_asstight on 15/03/2022 - 12:47
          +1

          Tell me about it!

    • NegEveryone on 15/03/2022 - 10:26
      +1

      Have you ever looked at historical data before? or you just like every other boomer, and just assume you know everything.

      Interests rates were very Similar back in the 1960s till the 1980s. the only reason they increased the interest rates so much in the 1990s (to 19%) is because all the boomers on 1 salary income 5 kids, were able to purchase 5 houses. Located right next to their work/city.

      The "Kids" these days need to purchase a house 1 hour away from their work, and still require 2 salary incomes to support the home loan.

      So get out with your "kids" comments, boomer.

      • [Deactivated] on 15/03/2022 - 11:08
        +1

        yeah boomers back then gets a 'free' land from gov in the 60s and 70s, or even dirt cheap peanuts price like $10-$20k for 1000sqm in Syd.

        • tunzafun001 on 15/03/2022 - 14:07
          -1

          All relative. As my old man reminds me, the entry level price of a house was around 6 - 8 years of wages and a domestic flight was around 2 weeks wage, and an international flight was around 7 -9 weeks wage.. Entry level properties back then was a sheep paddock without a sewer and 50/50 on a grid connection. These days that Sheeps paddock now looks like a CBD fringe and people forget what it was.

          The problem is the Google / need it now generation want CBD properties up front. Move out to a fringe/ country and houses are very affordable (1 - 5 years wage). Unfortunately employers and HR haven't moved with the times, and jobs remain linked with CBD's, and or no consideration put into travel as a human expense (they will just slap you wherever a data match occurs).

      • ShipShapeRC on 15/03/2022 - 21:40

        Kid, I've gone back through real estate prices for hundreds of years comparing interest rates, cost of living and pricing I'm amazed at how kids think they know everything. Amazing! You have never even met me kid, so how do you think you know me?

    • abcdefcuk on 15/03/2022 - 12:19

      yea boomer! geddaout! pfft pfft you dont belong in the internet!

      • [Deactivated] on 15/03/2022 - 16:08

        Boomers, they lucky they didn't witness the world war, and lucky didn't have to pay for all this clusterf*ck on housing market.

      • ShipShapeRC on 15/03/2022 - 21:37

        Kid we invented the internet!

    • ShipShapeRC on 16/03/2022 - 09:36

      LOL, You ASSumpive fools. I'm decades off being a boomer. My parents were boomers. But man you folks are so sensitive. Nah I'm just saying why is inflation set at such crazy low rates, when clearly the ACTUAL inflation rates are way higher than that. It's an imbalance that will play catch up at some stage. Inflation rates will have to spike or economy is going to take a tumble. You can't run on B.S. figures for ever. The comment "You can only kick the can for so long." is true. Those that did not perceive "Boomer" content got the message.

  • prax21 on 15/03/2022 - 20:33

    Please advise variable rate for Citibank with 100% offset.
    Loan:500k
    LVR <80%

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 16/03/2022 - 10:34

      Hi Prax
      2.29% with 100% offset
      1.99% with 100% redraw
      $3000 cashback + 0.25% broker cashback.

      Warm Regards

  • AssociatedWilson Heroes HL @ Heroes Home Loans on 15/03/2022 - 20:45

    Hi Prax
    2.29% with 100% offset
    1.99% with 100% redraw
    $3000 cashback + 0.25% broker cashback.

    Warm Regards

  • Doomedgrind on 28/03/2022 - 23:55

    How long after settlement does the banks typically take to pay the cash back? Thanks

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 29/03/2022 - 10:35
      +1

      Hi
      Usually within 60 days
      Warm Regards

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