UPDATED JUN 22, 2026

ME Bank - ME Go Home Loans: The 2026 Review

Unlimited additional payments on variable loans with no ongoing fees. Watch for app access issues due to outdated details. Ready to manage your home loan digitally?

Bheja Verdict

Very Good

4.1/5
✓
Competitive interest rates
✓
Established major bank
Check Eligibility

ME Bank - ME Go Home Loans At a Glance

🏷️Best Rate Available

6.24%

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

Last updated: November 2026

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Average Rate
6.45%
Best Rate
6.29%
Monthly Payment
$3,092
Advanced
  • ME Bank - ME Go

    ME Bank EconoME Home Loan

    ME Bank - ME Go

    20%-30% DepositRedrawCashback
    6.29%
    Interest Rate
    Variable
    6.31%
    Comparison Rate*
    $3,092
    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
    6.34%
    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 CompleteME Home Loan

    ME Bank - ME Go

    10%-20% DepositOffsetRedrawCashback
    6.59%
    Interest Rate
    Variable
    6.96%
    Comparison Rate*
    $3,190
    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
    6.59%
    Interest Rate
    Variable
    6.61%
    Comparison Rate*
    $3,190
    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 8.00% p.a., the best available rate is 6.24% p.a..

Average Variable Rate

8.00%

144 products

Average Fixed Rate

7.36%

240 products

Best Available Rate

6.24%

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 6.24% to 10.57% p.a., maximum LVR from 60% to 96%, loan amounts span $20,000 to $100,000,000.

Interest Rates6.24% — 10.57%
Max LVR60% — 96%
Loan Amount$20K — $100.0M

Cashback Offer: We’re extending our cashback for new applications submitted on or after Friday, 28 August 2026 until the new application deadline of Sunday, 28 February 2027 for customers who refinance from another financial institution and settle within 120 days of the application date.

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 SpecialistMoveBank
Best Variable Rate
6.24%
6.09%
8.27%
5.99%
Best Fixed Rate (3yr)
6.84%
—
—
6.24%
Application Fee
$0BEST
$400
$0
$600
Monthly Admin Fee
$0BEST
$10
$10
$0
Offset Account
Redraw Facility
Product Variations
200
31
12
28
💡

Bheja Insight: ME Bank - ME Go waives application fees, saving borrowers hundreds compared to other major banks.

About ME Bank - ME Go

Company overview and contact information

ME Bank - ME Go, a major bank under the ownership of the Bank of Queensland, operates as an independent entity with a strong presence both online and through branches. Headquartered in Newstead, Queensland, ME Bank - ME Go is an Authorised Deposit-taking Institution (ADI), regulated by APRA, and holds both an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL).

Offering a diverse range of home loan products with 384 variations, ME Bank - ME Go provides competitive rates ranging from 6.24% to 10.57%. Their products are designed to cater to a wide array of customers, from first-time homebuyers to seasoned investors. A standout feature of their home loans is the absence of ongoing fees, making them an attractive option for cost-conscious borrowers.

ME Bank - ME Go distinguishes itself with a user-friendly digital app for loan management, enhancing the customer experience by providing easy access to loan details and management tools. Additionally, they offer a cashback incentive, further setting them apart in the competitive home loan market.

Company Details

Legal Name: ME Bank - ME Go
ABN: 32009656740
ACN: 009656740
Headquarters: Newstead, Queensland
Ownership: Independent
AFSL: 244616
Parent Company: Bank of Queensland

Key Features

ME Bank - ME Go offers a range of flexible home loan options with features designed to provide financial benefits and ease of management through a comprehensive digital platform.

SpendME Accounts

Link up to 10 SpendME accounts to your home loan to reduce interest costs while supporting community initiatives. This feature allows borrowers to offset their loan balance, effectively lowering interest charges and promoting social good.

Redraw Facility

Access repaid principal above the minimum required on variable rate loans with ME Bank - ME Go’s redraw facility. This feature provides borrowers with financial flexibility to manage unexpected expenses or investment opportunities.

Additional Repayments

Make unlimited additional payments on variable loans and up to $10,000 annually on fixed loans. This allows borrowers to pay down their loan faster, reducing overall interest costs.

Digital Experience

Manage your home loan seamlessly via the ME Go mobile app, offering convenient access to loan details and transactions. This digital feature enhances borrower experience with easy-to-use tools for loan management.

Cashback Offer

Receive up to $3,000 cashback when refinancing from another financial institution and settling within 120 days. This offer is available for applications submitted between 28 August 2026 and 28 February 2027, providing a financial incentive to switch lenders.

Loan Structure Flexibility

Choose from multiple loan portions with different interest rates or features, allowing tailored financial solutions. This flexibility supports diverse financial strategies and personal preferences.

Repayment Frequency Options

Select from weekly, fortnightly, or monthly repayment frequencies, catering to both principal and interest (P&I) and interest-only (IO) loans. This flexibility helps borrowers align repayments with their cash flow.

Rate Lock Option

Secure your interest rate for a period, protecting against rate increases before settlement. This feature provides certainty and financial planning advantages during volatile market conditions.

No Application or Variation Fees

Benefit from no loan application, top-up, or variation fees, reducing upfront and ongoing costs associated with managing your home loan. This helps maximise cost savings for borrowers.

Fees & Charges

ME Bank - ME Go offers a transparent fee structure with no application fees and several waived costs, but borrowers should be aware of potential high annual and discharge fees.

Fee Type
Amount
Description
Application Fee
$0
Payable for processing application of your loans. Charged at settlement.
Valuation Fee (New Applications)
$300
Charged at cost for valuations exceeding $300 for new applications.
Legal Review Fees - Standard
$350
Payable for each standard document the lender reviews, amends, or prepares.
Settlement Fee
$150
Payable for completing settlement of your loans.
Annual Fee
$395/year
Annual fee charged for maintaining the loan account.
Security Release Fee
$350
Payable when requesting to discharge a security.
Late Payment Fee
$30
Charged each time the minimum payment due is not received by the due date.
Rate Lock Fee
$750
Payable if you request to lock in a specific fixed rate before the end of your current fixed rate period.
Variation Fee
$0-$300
Charged for any variations made to the loan that need documentation, varies by product.
Vouchers and Other Records for Searching - General Search
$60
Charged per hour for general record searches, with a minimum of $30.

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

Eligibility Criteria

ME Bank - ME Go offers home loans to Australian residents and citizens looking to purchase or refinance residential properties, with flexible options for various financial needs.

Must be at least 18 years old.
Must be an Australian citizen or permanent resident.
Must earn a regular PAYG income; self-employed applicants are not eligible.
Cannot earn foreign income for tax purposes.
Loans available for purchasing or refinancing residential properties in Australia.
Loan-to-Value Ratio (LVR) must be between 60% and 96%.
Loan amounts range from $20,000 to $99,999,999.
Cross-collateralisation is not supported; only single security applications are accepted.

Important Notes

  • LMI may be required for loans with high LVRs, typically above 80%.
  • Cashback offers up to $3,000 are available for new purchases or refinancing. Check the details of a particular offer before making an application.
  • Ensure all supporting documents are ready for the discharge process when refinancing.

ME Bank - ME Go Home Loan Pros & Cons

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

Pros

  • +Rates below market average, offering savings
  • +Unlimited additional payments on variable loans
  • +$3,000 cashback for refinancing, valid until 28 February 2027
  • +No ongoing fees

Cons

  • –Poor customer service with long wait times
  • –High annual and discharge fees
  • –App limitations with transaction handling

Best For

  • Borrowers seeking lower-than-market rates
  • Homeowners looking to refinance with cashback offers
  • Tech-savvy individuals who prefer digital banking
  • Borrowers interested in making unlimited additional payments on variable loans

Not Ideal For

  • Customers who prioritize excellent customer service
  • Borrowers needing quick access to funds
💡

Bheja Verdict: ME Bank - ME Go offers competitive rates and potential savings, but customer service issues may be a drawback for 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, increasing to $12,500 at 90% LVR and $21,000 at 95% LVR.
2A $750,000 loan incurs $9,000 in LMI at 85% LVR, $18,750 at 90%, and $31,500 at 95%.
3At $1,000,000, LMI costs are $12,000 at 85% LVR, $25,000 at 90%, and $42,000 at 95%.
4LMI waivers are not available, emphasizing the importance of a larger deposit to minimize costs.

Fee Waivers

No monthly account keeping fees on ME Go accounts, reducing ongoing expenses.

Offset Benefits

Offset accounts can significantly reduce interest payments by offsetting the loan balance with savings.
Example: A $500,000 loan with a $50,000 offset balance can save thousands in interest over the loan term.
Offset accounts provide flexibility to access funds while still reducing interest costs.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

6 Steps
1
Prepare Required Documents: Gather all necessary documents, including your loan account details and any identification required. (Tip: Double-check that all documents are current and valid to avoid delays.)
2
Complete the Discharge Authority Form: Fill out the Discharge Authority Form accurately with all required information. (Tip: Ensure every section is completed to prevent processing issues.)
3
Submit the Form and Documents: Email the completed Discharge Authority Form along with supporting documents to the designated email address provided by ME Bank. (Tip: Keep a copy of the email and attachments for your records.)
4
Pay the Security Release Fee: Pay the $350 Security Release Fee as required by ME Bank to process the discharge. (Tip: Confirm payment methods with ME Bank to ensure timely processing.)
5
Contact ME Bank for Confirmation: Call ME Bank at 13 15 63 to confirm receipt of your documents and payment. (Tip: Ask for an estimated timeline for the discharge process during your call.)
6
Await Confirmation of Discharge: Wait for confirmation from ME Bank that your loan has been successfully discharged. (Tip: Follow up if you haven't received confirmation within the expected timeframe.)

Processing Times

Discharge Process10-14 business days

Required Documents

Discharge Authority Form
💡

Pro Tips

  • Request the discharge at least 2 weeks before your desired settlement date to avoid delays.
  • Ensure all fees are paid promptly to prevent processing hold-ups.
  • Contact ME Bank for any clarifications needed to avoid common mistakes.
  • Keep a record of all communications with ME Bank for reference.
  • Verify if any fee waivers are available or if negotiation is possible.

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 6.24%, total cost including interest and known fees could be around $1,064,052. Estimated monthly repayment: $2,952.32.

Estimated total cost over 30 years
$1,064,052
Estimated repayment
$2,952.32
monthly repayment
Amount you borrow: $480,000 · At 6.24% · 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
$582,836
Upfront fees
$866
Ongoing fees
$0
Discharge fee
$350
Estimated total cost
$1,064,052
  • 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

ME Bank - ME Go typically processes loan applications within 120 days. It's important to ensure all your documents are complete to avoid delays.

4.8(4 reviews)

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