$2,000 Purchase Cashback and up to 95% LVR for OO and up to 90% LVR for INV @ ME Bank

23

Go to Deal

AssociatedJamesSimBroker @ Nectar Mortgages on 26/09/2024 - 23:14 mebank.com.au (117 clicks)
Last edited 26/09/2024 - 23:35 by 1 other user

ME is excited to announce a new purchase cashback offer of $2,000 for high LVR segment.
⚠️ Other important things to know include:
For purchasers only of $400,000+ with an LVR >80% who require LMI.
Applies to owner-occupier up 95% LVR and investor purchases up to 90% LVR over $400,000 (P&I and IO home loans).
Only available for existing home purchases (vacant land and construction loans are excluded).
Applications accepted from Monday, 30 September 2024 onwards and must settle within 120 days of application date.
The first borrower needs a ME Everyday Transaction Account (ETA) for cashback, or it will go to the home loan.

⚠️ Rates for OO and INV from 80% LVR to 90% LVR.
💲Owner occupied P&I with comparison rate (CR)
2 Years Fixed 80%-90% (OO PI) at 5.79% CR at 6.68%
3 Years Fixed 80%-90% (OO PI) at 5.69% CR at 6.60%
Variable rate 80%-90% (OO PI) at 6.34% CR at 6.18%

💲Investment P&I with comparison rate (CR)
2 Years Fixed 80%-90% (OO PI) at 5.89% CR at 6.91%
3 Years Fixed 80%-90% (OO PI) at 5.79% CR at 6.81%
Variable rate 80%-90% (OO PI) at 6.59% CR at 6.18%

💲Investment IO with comparison rate (CR)
2 Years Fixed 80%-90% (OO PI) at 5.99% CR at 6.94%
3 Years Fixed 80%-90% (OO PI) at 5.89% CR at 6.85%
Variable rate 80%-90% (OO PI) at 6.89% CR at 6.75%

⚠️ Refinancing rebates available:
ME - Get $3,000 cashback for loans over $700k
ANZ - Get $2,000 cashback for loans over $250k

⚠️ Comparison Rates
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

⚠️ My Profile:
Ex corporate accountant for over 10 years before joined my own mortgage broker as a trainee and has been a full-time mortgage broker for over 10 years. Recent review over 100 clients.(https://tinyurl.com/REVIEW-JSIM). Won National Top Broker for customer service award 2022.
Contact me for a no obligation meeting via Calendly(https://calendly.com/james-sim/30min) or call me directly.
James Sim - Senior Mortgage Broker

📞 Get in touch to apply:
-0487 000 098 or 02 8319 4839
-calendly.com/james-sim/30min
-136 Marrickville Road Marrickville NSW 2209

Australian Credit License number 387856
Authorised Credit Representative Number: 459750

Related Stores

ME Bank

Nectar Mortgages

Third-Party

• 

  ozvictor on 26/09/2024 - 23:29

  +4

  Who’s gonna fix the rate now? CPI has dropped to 2.7 and rate cut is coming very soon. Not a deal at all

  • 

    Goodproduction on 26/09/2024 - 23:49

    In 2 months time or next year?

• 

  kelvin-200 on 27/09/2024 - 00:27

  +5

  It's worth noted that MeBank is one of very few banks that does not support PayId for their original transactional account, which can be used on the same platform as their home loan product. You can register for a PayId but other banks does not recognise PayId from MeBank.

  The new transactional platform called Me Go is completely seperated from the Home loan platform. And even on Me Go, PayId barely works properly.

  Not a deal breaker but if you need to move money quickly between the Home loan redraw and other bank accounts, it might be annoying sometimes.

• 

  jackspratt on 27/09/2024 - 01:14

  +1

  Any deal for acronyms?

  • 

    Igaf on 27/09/2024 - 15:16

    He missed the obvious one.

• 

  tomclancy on 27/09/2024 - 01:31

  +5

  Terrible rates. Much better deals out there. Search OzBargain for the CSV spreadsheet.

  • 

    tomeejaiy on 27/09/2024 - 06:48

    +2

    What is this spreadsheet you speak of? I tried searching "csv spreadsheet" and got nothing

    Edit: I think I found it.
    https://www.ozbargain.com.au/node/653711

    • 

      Lucille Bluth on 27/09/2024 - 09:33

      +1

      Bookmarked cheers - 180 odd providers offer better variable comp rate than my current provider. Dang.

      It is clear that the rep's deal is not competitive at all when seeing these rates. So neg for that.

• 

  Lucille Bluth on 27/09/2024 - 06:50

  +1

  You would be crazy to fix in the current climate.

• 

  GS9891 on 30/09/2024 - 00:05

  "For purchasers only of $400,000+ with an LVR >80% who require LMI."

  Ouch, the LMI would eat most of the cashback I assume if you're forced to over-leverage for the deal like that.