Home Loan Repayment

ME Bank has cut its one-year fixed standard home loan for members from 5.09% to 4.94% (comparison rate 5.36%).

Your Mortgage’s Home Loan calculator shows the 0.15% drop will save customers about $17 a month for a loan of $200,000 on a loan term of 20 years, compared to the previous rate.

The bank also dropped its one-year fixed standard home loan offer to non-members by 15 basis points to 5.44% (comparison rate 5.82%).

The changes are effective from Wednesday, 28 August.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker