ME Bank
Refinance for a $3,000 cashback and save with up to 4.75% p.a. bonus interest. Flexible terms, no set-up fees, and strong customer support included.
ME Bank is rolling out an enticing home loan offer with up to $3,000 cashback for refinances, alongside a bonus savings rate of up to 4.75% p.a. This deal is available to owner-occupiers and investors who refinance loans of $700,000 or more, up to a maximum LVR of 80%. To qualify, you must apply from 15 June 2024, with settlement completed within 120 days. There are no setup or ongoing account keeping fees, which makes this option particularly attractive for those looking to make their money work harder.
How to Apply: Step by Step
- Check eligibility for a $700,000+ loan with LVR up to 80%.
- Prepare documentation for your current home loan and financial details.
- Submit your application to ME Bank from 15 June 2024.
- Settle your new home loan within 120 days of applying.
- Receive your $3,000 cashback in your ME transaction account within 60 days of settlement.
Main Advantages
The refinance cashback is a significant upfront boost, ideal for covering moving costs or new furniture.
Additionally, the bonus HomeME savings account rate (up to 4.75% p.a.) is higher than many competitors, rewarding regular savers.
Key Drawbacks
The minimum loan size of $700,000 could be out of reach for some borrowers, limiting accessibility.
There are strict eligibility and timelines—if you miss the application or settlement deadlines, you may forfeit the bonus.
Our Verdict
ME Bank’s home loan refinance offer stands out thanks to its generous cashback, strong interest savings, and transparent fee structure. It’s well suited to buyers and investors needing a sizeable loan, who also value efficient digital processes and customer assistance. However, those with smaller loan needs or who can’t meet the fast-paced eligibility criteria may need to look elsewhere.
