home loans

View all home loan interest rates and fees.

effective 01/07/14

type of loanannual percentage ratecomparison rate*
Basic Home Loan Special 4.69%p.a. 4.69%p.a.*
First Home Buyers Loan 5.09%p.a. 5.13%p.a.*
First Home Buyers Loan Package 4.99%p.a. 5.32%p.a.*
Fixed Rate First Home Buyers Home Loan 1 Year  4.89%p.a. 5.12%p.a.*
Fixed Rate First Home Buyers Home Loan 2 Years 4.94%p.a. 5.11%p.a.*
Fixed Rate First Home Buyers Home Loan 3 Years   5.19%p.a. 5.16%p.a.*
Construction Loan $10,000 - $499,999 5.04%p.a. 5.08%p.a.*
Construction Loan $500,000 - $749,999 4.99%p.a. 5.03%p.a.*
Construction Loan $750,000+ 4.94%p.a. 4.98%p.a.*
Basic Home Loan 5.09%p.a. 5.13%p.a.*
goGreen Home Loan 4.94%p.a. 4.98%p.a.*
Premium Home Loan $0 - $249,999 5.59%p.a. 5.64%p.a.*
Premium Home Loan $250,000 - $499,999 5.14%p.a. 5.18%p.a.*
Premium Home Loan $500,000 - $749,999 5.09%p.a. 5.13%p.a.*
Premium Home Loan $750,000+ 5.04%p.a. 5.08%p.a.*
Premium Home Loan Package $250,000 - $499,999 5.04%p.a. 5.37%p.a.*
Premium Home Loan Package $500,000 - $749,999 4.99%p.a. 5.32%p.a.*
Premium Home Loan Package $750,000+ 4.94%p.a. 5.27%p.a.*
Bridging Loan 5.69%p.a. 5.74%p.a.*
Fixed Rate Home Loan 1 Year 4.99%p.a. 5.13%p.a.*
Fixed Rate Home Loan 2 Years 5.04%p.a. 5.13%p.a.*
Fixed Rate Home Loan 3 Years 5.29%p.a.  5.19%p.a.*
Fixed Rate Package 1 Year 4.89%p.a. 5.40%p.a.*
Fixed Rate Package 2 Year 4.94%p.a. 5.39%p.a.*
Fixed Rate Package 3 Year 5.19%p.a. 5.44%p.a.*
Equity Overdraft 5.69%p.a.  

*Read mortgage loans significant terms and conditions

home loan charges

Please refer to loan fee schedule documents below. Other fees or charges may be applicable to a particular loan and will be disclosed with the loan contract. These fees and charges are available on request.

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borrowing rate schedules
Loan Rates Schedule v145 (PDF 77.4 KB)
Loan Fee Schedule V06 (PDF 79.9 KB)

interest rates & fees

To find out the different rates, fees and charges associated with our products, select from the below categories and click on your desired product to view the rates and fees.


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savings & investments

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free transactions

The following is a list of free services that bankmecu offer:

  • 24 hour Internet Banking access
  • BPAY® payments
  • automatic transfers between bankmecu accounts
  • over the counter cash deposits (personal accounts only)
  • over the counter cheque deposits (personal accounts only)
  • Bank@Post deposits
  • direct credits
  • no account keeping fees
  • redraw 

maximise your transaction fee rewards

Did you know that by maximising your customer support level, you also increase the monthly transaction  fee rewards that you receive with bankmecu ? The following are our tips to avoid and minimise transaction fees and charges:

  • Try to withdraw enough cash in one transaction to meet your weekly cash requirements rather than numerous withdrawals.
  • Use rediATMs to withdraw cash.
  • Use EFTPOS for withdrawing cash at the same time as you make a purchase. Most merchants allow this and will enable you to make one transaction instead of two.
  • Maximise your customer support level by borrowing and saving with bankmecu rather than elsewhere.
  • Use Internet or Telephone Banking and BPAY to pay your bills rather than by cash or cheque. Service providers such as telephone, electricity, gas and water companies all offer payment by BPAY.
  • Use low-cost or free transactions where possible.
  • Familiarise yourself with the customer support level that applies to you, the transaction fee reward you receive and the fees associated with any regular transactions you make.
  • If you have more than one bankmecu customer number, consider consolidating your accounts under one customer number. This could increase your customer support level and in turn increase your monthly reward.
  • VISA debit card transactions are free when you select CR instead of SAV or CHQ (available at most merchants, excluding Woolworths)
  • Our award-winning Low Rate VISA card will allow you to avoid transaction fees AND help the environment at the same time.

Find out more about our transaction fee rewards for customers.