ME Bank slashes 1 and 3 year fixed rates to 5.39%

ME Bank has slashed its Super Members Home Loan (SMHL) Standard Home Loan three-year fixed rate to 5.39 per cent p.a. The cut makes ME Bank’s three-year fixed rate the lowest currently available.

The Bank’s five-year fixed rates have also been cut to 5.99 per cent p.a. for the same loan.

The new one and three-year fixed rates are the lowest ME Bank has ever offered across its entire home loan range since becoming a bank in 2001.

Mr Jamie McPhee, ME Bank Chief Executive Officer, said the SMHL is available to eligible industry super fund and union members.

“Fixed rate home loans give customers the confidence to plan ahead, knowing exactly how their mortgage repayments will be made.”

Source: ME Bank