*All comparison rates are for Standard Variable Rate Home loans of $150,000 for a term of 25 years, repaid monthly. Features of these loans may vary. In some
circumstances lenders in this table may offer loans with lower rates. All interest rates are current as at 20/07/08 and subject to change. WARNING: These comparison
rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison
rates. A comparison rate schedule for the Super Members Home Loan is available from Members Equity Bank. Fees and charges apply. Terms and conditions available
on request. Applications are subject to credit approval.
# Market research conducted by Forethought Research: April 2008.
^ SMHL standard variable rate loan available to eligible union and super fund members only – call to check availability on 1300 309 374. 101837/0808
Members Equity Bank remains
a market leader on home loan
All banks must tell you about their comparison rate when talking about home loan interest rates in their
advertising. The comparison rate reveals the various fees and charges, such as monthly fees and application
fees and is designed to tell you the true cost of your home loan, so that costs cannot be hidden from you.
At Members Equity Bank (ME), our advertised rate is the same as our comparison rate. We are the only
bank in Australia in this unique position. This is because ME charges no application fees or ongoing
monthly fees on any of our home loan products.
The rate that we quote is the true rate that you pay. In addition, not only is our advertised rate the same as
our comparison rate, we have the cheapest standard variable rate when compared to the major banks.
(annual percentage rate)
(effective rate you pay when
you add in associated fees)*
CBA - complete home loan
NAB - tailored home loan
Westpac - premium option