Premium Home Loan

Suitable for loans for any purpose, including investment purposes, and will allow principal & interest, or interest only repayments. One interest rate applies to the premium loan, but discounts apply depending on the amount borrowed. This loan offers a wide range of benefits that will help your transition into ‘home ownership’ every bit as smooth as it should. 

Features and comparisons

rates (effective 15/05/15)

Loan Amount Interest Rate  Comparison Rate* 
$0 - $249,999 5.09% 5.13%
$250,000 - $499,999  4.64% 4.68%
$500,000 - $749,999  4.59% 4.63%
$750,000+ 4.54% 4.58%
  • - min $10,000

  • - maximum term 30 years

  • - low interest rates

  • - interest only repayments available

  • - free redraw facility (excluding interest only loans)

  • - additional repayments accepted

  • - choose from weekly, fortnightly or monthly repayments

  • - repayment pause

  • - biodiversity offset

  • - no monthly fee

  • - 100% offset savings account available ($8 monthly fee)

  • - available as a package on loans greater than $250,000

  • - available for investment purposes


Terms & Conditions

* The Comparison Rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable. 
IMPORTANT: The Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees, early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan
1. Terms, conditions, fees and charges apply and are available on application. Loans subject to normal lending criteria and approval.
2. bankmecu offsets an equivalent amount of land as is being constructed on into the bankmecu Conservation Landbank in accordance with the land management plan developed and implemented by Landcare Australia and overseen by Trust for Nature. Carbon sequestered from these trees is monitored and reported by Landcare CarbonSMART. Homes constructed on large lots of land such as hobby farms will be offset according to the amount of land occupied by the dwelling.
3. Repayment Pause. Loans must be established for a full 12 months and a maximum Loan to Value Ratio of 90% (Family-Pause) or 80% (Eco-Pause) applies. Full conditions available from bankmecu.


want to know more?

call bankmecu on 132 888 or email us at