UPDATED JUN 22, 2026

ME Bank - ME Go Home Loans: The 2026 Review

Link up to 10 SpendME accounts to save on interest with ME Go's digital loans. Transition requires new setup—are you ready for a premium digital experience?

Bheja Verdict

Very Good

4.1/5
✓
Highly competitive rates across products
✓
Wide range of loan options
Check Eligibility

ME Bank - ME Go Home Loans At a Glance

🏷️Best Rate Available

5.99%

Variable • Owner Occupied

💳Application Fee

$0

Fee-free options available

📅Monthly Fee

$0

Ongoing service fee

🎁Cashback Offer

Available

384 products with cashback

Loan Range:$20K - $100.0M
LVR:Up to 96%
Products:200 variations
Offset Account:Available

Current ME Bank - ME Go Home Loan Rates

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Average Rate
6.20%
Best Rate
6.04%
Monthly Payment
$3,011
Advanced
  • ME Bank - ME Go

    ME Bank EconoME Home Loan

    ME Bank - ME Go

    20%-30% DepositRedrawCashback
    6.04%
    Interest Rate
    Variable
    6.06%
    Comparison Rate*
    $3,011
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Discharge
    $350    + other fees may apply
  • ME Bank - ME Go

    ME Bank CompleteME Home Loan

    ME Bank - ME Go

    20%-30% DepositOffsetRedrawCashback
    6.09%
    Interest Rate
    Variable
    6.47%
    Comparison Rate*
    $3,027
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Ongoing/year $395
    Discharge
    $350    + other fees may apply
  • ME Bank - ME Go

    ME Bank CompleteME Home Loan

    ME Bank - ME Go

    10%-20% DepositOffsetRedrawCashback
    6.34%
    Interest Rate
    Variable
    6.72%
    Comparison Rate*
    $3,108
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Ongoing/year $395
    Discharge
    $350    + other fees may apply
  • ME Bank - ME Go

    ME Bank EconoME Home Loan

    ME Bank - ME Go

    10%-20% DepositRedrawCashback
    6.34%
    Interest Rate
    Variable
    6.36%
    Comparison Rate*
    $3,108
    per month
    Principal And Interest
    Visit lender’s site
    Fees:
    Discharge
    $350    + other fees may apply

* Comparison rate is calculated on a loan amount of $150,000 over 25 years. Rates and fees are subject to change. Terms and conditions apply.

+ Only key fees (application, discharge, ongoing) are displayed - other fees such as redraw, administration, and processing fees may also apply.

ME Bank - ME Go Product Statistics

Real-time insights and market analysis

ME Bank - ME Go offers 2 home loan products across 384 variations, the average variable rate is 7.75% p.a., the best available rate is 5.99% p.a..

Average Variable Rate

7.75%

144 products

Average Fixed Rate

7.10%

240 products

Best Available Rate

5.99%

Variable • Owner Occupied • P&I

Total Products

2

384 variations

Fee Summary

Application Fee

100% fee-free

$0

Monthly Fee

$0

Discharge Fee

$350

Late Payment Fee

$30

Key Features

Across ME Bank - ME Go's range: 216 include an offset account, 384 offer redraw, 384 allow extra repayments, 384 support split loans.

Offset Account
56%
Redraw Facility
100%
Extra Repayments
100%
Split Loan
100%

Product Ranges

ME Bank - ME Go's interest rates range from 5.99% to 10.32% p.a., maximum LVR from 60% to 96%, loan amounts span $20,000 to $100,000,000.

Interest Rates5.99% — 10.32%
Max LVR60% — 96%
Loan Amount$20K — $100.0M

Cashback Offer: Available to owner occupiers and investors on all ME home loan products if you: Apply from 15/06/2024, and settle within 120 days of the loan application date Switch your existing home loan from another lender Take out a home loan with a minimum size of $700k and maximum LVR of 80%

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How ME Bank - ME Go Compares

FEATUREME Bank - ME GoBank of SydneyBOQ SpecialistMOVE Bank
Best Variable Rate
5.99%BEST
6.19%
8.02%
5.99%
Best Fixed Rate (3yr)
6.49%BEST
—
—
6.59%
Application Fee
$0BEST
$0
$0
$600
Monthly Admin Fee
$0BEST
$0
$10
$0
Offset Account
Redraw Facility
Product Variations
200
27
12
28
💡

Bheja Insight: ME Bank - ME Go currently leads with the lowest variable rate among major banks, making it a strong choice for borrowers seeking flexibility.

About ME Bank - ME Go

Company overview and contact information

ME Bank - ME Go, a division of the Bank of Queensland Limited, offers innovative home loan solutions through both branch and online channels. While the exact founding year is not specified, the entity is headquartered in Newstead, Queensland. ME Bank - ME Go operates under the regulatory framework of an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL), both numbered 244616.

The bank provides a range of home loan products with 384 variations, featuring interest rates from 5.99% to 10.32%. These products are tailored to meet diverse customer needs, whether they are first-time buyers or seasoned property investors. ME Bank - ME Go leverages digital technology to streamline the loan process, making it accessible and convenient for users via the ME Go app.

What sets ME Bank - ME Go apart is its focus on digital home loans, exclusively available through its app, which enhances user experience with seamless online interactions. As a part of the Bank of Queensland Limited, it benefits from a strong backing while maintaining a reputation for innovation in the digital lending space.

Company Details

Legal Name: ME Bank - ME Go
ABN: 32 009 656 740
ACN: 009656740
Headquarters: Newstead, Queensland
Ownership: Owned by Bank of Queensland Limited
AFSL: 244616
Parent Company: Bank of Queensland Limited

Key Features

ME Bank - ME Go offers digital home loans with flexible features and competitive rates, exclusively through the ME Go app, providing borrowers with convenience and cost-saving opportunities.

SpendME Account Linkage

Link up to 10 SpendME accounts to your ME Bank - ME Go home loan, acting as offset accounts to reduce interest on variable loans. This feature not only lowers your interest costs but also supports community initiatives, adding social value to your financial decisions.

Redraw Facility

Access the principal amount repaid above the minimum required on variable rate loans. This feature provides financial flexibility by allowing you to use surplus funds for other needs without additional borrowing.

Additional Repayments

ME Bank - ME Go allows unlimited additional payments on variable loans and up to $10,000 annually on fixed loans. This enables borrowers to pay off their loans faster and reduce interest costs over time.

Digital Experience

Manage your home loan through the ME Go mobile app, offering a seamless digital experience. This feature provides convenience and accessibility, allowing you to monitor and manage your loan anytime, anywhere.

Owner Occupier and Investor Eligibility

Available to both owner occupiers and investors if you apply from 15/06/2024 and settle within 120 days. This feature is designed for those switching from another lender or taking out a loan between $700k and 80% LVR.

Flexible Loan Structure

Structure your loan with multiple portions, each with different interest rates or features. This flexibility allows you to tailor your loan to suit your financial strategy and goals.

Interest Rate Lock

Secure your interest rate with the ability to rate lock, providing certainty in your repayment planning. This feature is beneficial in fluctuating market conditions.

Refinance Cashback Offer

Receive a $3,000 cashback when refinancing through ME Bank - ME Go, offering immediate financial relief and incentive to switch lenders.

Repayment Frequency Options

Choose from weekly, fortnightly, or monthly repayment frequencies to match your cash flow needs. This flexibility helps in managing your budget effectively.

Loan-to-Value Ratio (LVR) Flexibility

ME Bank - ME Go offers up to 95% LVR for P&I loans and 90% LVR for IO loans, providing options for borrowers with varying deposit sizes.

Fees & Charges

ME Bank - ME Go offers a transparent fee structure with no application fees and a variety of other charges that apply depending on the loan's specifics. While some fees are waived, borrowers should be aware of potential high ongoing and discharge costs.

Fee Type
Amount
Description
Application Fee
$0
Payable for processing application of your loans. Charged at settlement.
Valuation Fee (for new applications)
$300
At cost for valuations costs in excess of $300.
Legal Review Fees - Standard
$350
Payable for each document that the Lender is required to review, amend or prepare.
Settlement Fee
$150
Payable for completing settlement of your loans.
Annual Fee
$395/year
Annual fee for maintaining the loan account.
Security Release Fee
$350
Payable when we agree (at your request) to discharge a security.
Late Payment Fee
$30
Fee for each time the minimum payment due is not received by the payment due date.
Variation Fee
$0-$300
Charged for any variations made to the loan that need documentation, varies by type of variation.
Rate Lock Fee
$750
Payable if you request to lock in a specific fixed rate prior to the end of your current fixed rate period.
Vouchers and other records for searching - General search
$60
Each hour (minimum $30) for general search of records.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

ME Bank - ME Go offers home loans to individuals looking to purchase or refinance residential properties in Australia, with a focus on accessible lending for those with regular PAYG income.

Must be at least 18 years old.
Must be an Australian citizen or permanent resident.
Must earn a regular PAYG income; self-employed and foreign income earners are excluded.
Must be purchasing or refinancing a residential property in Australia.
Loan-to-Value Ratio (LVR) must be between 60% and 96%.
Loan amount must be between $20,000 and $99,999,999.
Must provide recent payslips and tax returns as proof of income.
Cross-collateralisation is not supported; single security applications only.

Important Notes

  • LMI may be required for loans with an LVR above 80%.
  • Refinance Cashback offer of $3,000 available; check offer details before applying.
  • The ME Go app is mobile-only, requiring new account setup for existing customers.

ME Bank - ME Go Home Loan Pros & Cons

Our expert take on whether ME Bank - ME Go is right for you

Pros

  • +Competitive interest rates below market average
  • +$3,000 cashback on refinances with conditions
  • +Unlimited additional payments on variable loans
  • +Link up to 10 SpendME accounts to reduce interest

Cons

  • –Reports of poor customer service and long wait times
  • –High annual and discharge fees
  • –Mobile – only access limits desktop use

Best For

  • Borrowers seeking competitive rates
  • Homeowners interested in cashback offers
  • Investors with large loan amounts

Not Ideal For

  • Customers needing reliable customer service
  • Desktop users preferring non-mobile platforms
💡

Bheja Verdict: ME Bank - ME Go offers competitive rates and unique features, but customer service issues may deter some borrowers.

Expert Secrets (Why Use Us?)

Insider knowledge about ME Bank - ME Go that most borrowers don't know

LMI Cost Examples

1For a $500,000 loan at 85% LVR, LMI costs $6,000.
2At 90% LVR, the LMI for a $500,000 loan increases to $12,500.
3A $500,000 loan at 95% LVR incurs an LMI of $21,000.
4For a $750,000 loan at 85% LVR, LMI costs $9,000.

Offset Benefits

Linking multiple SpendME accounts as offset accounts can significantly reduce the interest payable on your loan. For example, if you have $50,000 in an offset account linked to a $500,000 loan at 3% interest, you could save approximately $1,500 annually in interest.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

4 Steps
1
Submit Discharge Authority Form: Complete and submit the Discharge Authority Form to ME Bank. This form is essential to initiate the discharge process. (Tip: Ensure all details are accurate to avoid delays.)
2
Pay Security Release Fee: Pay the $350 Security Release Fee. This fee is required for the bank to release the security on your loan. (Tip: Verify payment methods with customer service to ensure smooth processing.)
3
Wait for Processing: Allow 4 to 6 weeks for the bank to process your discharge request. This includes internal checks and coordination with settlement agents. (Tip: Regularly check in with ME Bank for updates on your discharge status.)
4
Coordinate Settlement: Once processing is complete, coordinate with your settlement agent to finalize the discharge and settlement of your loan. (Tip: Ensure all loan payments are up to date before finalizing settlement.)

Processing Times

Discharge Process4 to 6 weeks

Required Documents

Discharge Authority Form
💡

Pro Tips

  • Request the discharge at least 6 weeks before your desired settlement date to accommodate processing time.
  • Ensure all loan payments are current to prevent any delays in the discharge process.
  • Contact ME Bank customer service at 13 15 63 for any clarifications or assistance.
  • Prepare all necessary documents in advance to avoid delays.
  • Consider potential additional costs such as settlement agent fees.

ME Bank - ME Go Mortgage Calculator

Estimate your repayments using current ME Bank - ME Go home loan rates

Over 30 years, borrowing $480,000 at 5.99%, total cost including interest and known fees could be around $1,036,129. Estimated monthly repayment: $2,874.76.

Estimated total cost over 30 years
$1,036,129
Estimated repayment
$2,874.76
monthly repayment
Amount you borrow: $480,000 · At 5.99% · Variable — can change with the market

This loan can be split between fixed and variable. This estimate uses one option only.

Known fees in this estimate

Settlement fee
$150
Valuation fee
$300
Legal fee
$350
Document fee
$66
Discharge fee
$350
Total ongoing fees (30 yrs)
$0
How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow
$480,000
Total interest
$554,913
Upfront fees
$866
Ongoing fees
$0
Discharge fee
$350
Estimated total cost
$1,036,129
  • These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
  • Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
  • Split loans and offset accounts aren't included in this estimate.
  • For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if ME Bank - ME Go is right for you? Our brokers can help you compare options.

Frequently Asked Questions

Conditional approval typically takes 5 to 10 business days. Full approval follows in another 5 to 7 business days, with settlement occurring 10 to 15 business days after full approval.

4.8(4 reviews)

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