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ME Bank Home Loan Refinance Cashback: $2000 on Minimum $400,000 Loan, $3000 on Minimum $700,000 Loan, LVR up to 80%

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ME Bank (owned by BOQ) is retaining their cashback for refinancing applications for loan size over $400K. Good option for refinancing multiple debts, multiple cashbacks available for multiple securities

Owner occupied P&I with comparison rate (CR)
Basic Variable with redraw facility under 80% (OO PI) IR at 6.17% CR at 6.19%
Member Package Variable with offset facility under 80% (OO PI) IR at 6.19% CR at 6.58%
Member Package 2 Years Fixed with offset facility under 80% (OO PI) IR at 6.09% CR at 6.09%
Member Package 3 Years Fixed with offset facility under 80% (OO PI) IR at 5.99% CR at 6.09%

Investment P&I with comparison rate (CR)
Basic Variable with redraw facility under 60% (OO PI) IR at 6.39% CR at 6.77%
Member Package Variable with offset facility under 80% (OO PI) IR at 6.59% CR at 6.61%
Member Package 2 Years Fixed with offset facility under 80% (OO PI) IR at 6.59% CR at 7.1%
Member Package 3 Years Fixed with offset facility under 80% (OO PI) IR at 6.59% CR at 7.1%

Available to owner occupiers and investors on all ME home loan products if you:
Apply from 08/09/2023 and settle within 120 days of the loan application date
$2,000 cashback for applications with a minimum loan size of $400k and LVR up to 80%
$3,000 cashback for applications with a minimum loan size of $700k and LVR up to 80%

Other refinancing rebates available:
BOQ- Get up to $2,000 cashback
St George/BOM - Get up to $2,000 cashback
ANZ - Get up to $2,000 cashback

My Profile:
I'm an ex banker that has been working in mortgage area for the past 8 years. Recent reviews over 100- 5 star clients (wordofmouth.com.au and google review).

Contact me for a no obligation meeting via https://heroeshomeloans.com.au/ or feel free email me at [email protected] or text/call me on 0477 200 670 and I would be happy to answer all finance related questions

Wilson Yuan
Managing Director
Credit Representative Number is 530101 under Australia's Services Australian Credit License (ACL) 389328 © 2021 HEROES HOME LOANS AUSTRALIA PTY LTD
http://heroeshomeloans.com.au/

Referral Links

Referral: random (31)

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

Related Stores

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

closed Comments

  • Minimum Loan $400,000 or $700,000

    For a caravan maybe?

    • +1

      Refinance… not new loan

  • +9

    Pretty terrible interest rate TBH. Can it be negotiated, particularly for those with a lower LVR (say 50%)?

    • +2

      ME in a nutshell. Don't try and tell their customer support that others have lower interest rates. They'll strongly deny that's possible.

      • +1

        They also claim they passed on all interest rates cuts in full when rates were dropping,

      • -2

        others have lower interest rates.

        so why not go there instead then?

        • Who said I didn't?

  • If you are looking a refinancing, it may be best to wait untill interest rates are cut, then pick the best rate. The banks may not pass the full cuts to existing customers.

    • The talk is that will happen mid year, so refinancing now is probably better, then refinance later if need be.

  • Do you have to stay with the bank for X amount of time for cashback? What's stopping someone from using all those cashback offers within a few months and getting like 8k?

    • +1

      What's stopping someone from using all those cashback offers within a few months and getting like 8k?

      Nothing really although not many are offering cashback now.

      • Nothing. But i dont think 4k cashback is coming back. Also your net gain is smaller after fees are deducted

    • refinanced to ANZ few month ago. They deposited the cashback into my account within 48hrs of the settlement.

  • +7

    Don’t waste your time with Wilson. Him and his team take forever to do anything. Or don’t reply at all for weeks.
    You’re better off going to the bank directly that you want to apply for the loan with.

    • Not entirely true, I had that exact experience with Bendigo bank after initiating loan in the branch. Did nothing!

    • +2

      Same experience

    • +1

      Is there even a ME bank branch? Or do you just go to BOQ?

    • I didnt have any hassles with Wilson (refinanced a year ago) and everything was done smoothly and on time - it might be about the specific bank (mine is Macquarie)…

  • +1

    The rate still shockingly high, one of my friends fixed his rate at 1.89% for 5 years till 2026, I think he is the real winner

    • +1

      I fixed mine for 1.78% for two years, that was all I needed to pay it all off :D

      Woulda been better if I snagged 5 but hey, no crystal ball here.

  • is there any other cashbacks from other banks besides the ones listed by OP?

  • +4

    BOQ who owns ME, dicked me around for 2 month, and then after all the paper work and 3 rounds of pay slips was finally ready to lodge, the internal rate went up and I no longer passed on servicing. What a giant waste of time.

  • +1

    Tried to get the better interest of mehome.
    App downloaded, but their main computer kaputt.

    Share gurus tell to dump BOQ shares…

  • Avoid this bank, nearly paid off my mortgage with them. Their rates are generally 1% above norm, their app has been dogshit for years. Would not remortgage with them.

    • Agreed. I was a customer for over 15 years and ended up switching to CBA.

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