About ME Bank
ME Bank extends personal loans for a host of reasons and their website is well presented with smart assistance and a great sense of humour.
Who can Apply
Any Australian 18 years and older with a good credit rating can apply for a personal loan within a highly flexible framework of amounts and repayment terms.
Founded in 1994 and licensed in 2001, ME Bank has always had the benefit of the financial and marketing savvy of its founders, mostly established players in the financial services industry.
ME Bank shines online as one of the few among thousands who manage to offer a simple and engaging interaction that services its clients’ needs with witty and logical content.
Their Approach to Banking
Adopting an unusual model of “direct banking” with mobile managers and online & telephonic facilities, ME Bank’s approach has proved to be successfully versatile and welcomed by the market.
The absence of a network of land-based outlets has enabled ME Bank to concentrate on a smart and sleek online presence.
What ME Bank can offer you
The online loan application process is initially accompanied by valuable information, capably succinct yet also pertinent.
The pre-application apps include a repayment calculator and a simple list of requirements for anyone applying for a loan.
Personal loans range from $5,00 to $50,000 and repayments can stretch from a year up to seven years.
Although the loan structure does indeed preclude any hidden fees, there is a once-off $250 payment required to process the loan.
Generous Repayment Terms
Since most people logging on to apply for a loan are unlikely to welcome a request for payment, this does jar on some, but is capably offset by the transparency involved and also the generous repayment terms.
ME Bank’s interest rate offer is not necessarily the lowest on offer, but clients have some leeway to negotiate a better rate.
Loan applications are accompanied by the offer to open a personal transactional account and the entire process is unobtrusive and efficient.
The quick loan application ends with the production of a receipt with all relevant details clearly and unambiguously documented.
In a Nutshell
- Loan minimum $5,000
- Loan maximum $50,000
- Interest rate From 12.49% per annum fixed
- Loan term minimum 12 months
- Loan term maximum 7 years
- Average processing time 48 hours
- Online application
- In-store application
- Unsecured loan option
- Early repayment
ME Bank simplifies and engages with its online offer
Fast loans from ME Bank are unsecured and although clients are asked to identify for what purpose the loan is required, this is for statistical information purposes and does not prejudice anyone who meets the basic criteria for lending.
They Offer 24/7 Service
One of the appealing features of lending from ME Bank is the fact that the service is on offer 24/7 online and applications take two days to finalise.
Although not the fastest turnaround time among online Australian lenders, this again is offset by the fact that the loan is unsecured and usually a done deal if one meets the elementary requirements.
No Penalty for Early Repayment
There is no penalty for early repayment and, indeed, ME Bank clients can utilise a personal loan for bridging finance and repay within the first fortnight without penalty.
Although business expenses, utility bills and the taxman are precluded reasons for a loan, there are very few others and ME bank goes some way to define the term “personal” loan.
Applying for the First Time?
Agents are easily accessible by phone and can assist with the online process and also clarify salient points for potential lenders logging on for the first time.
Few other companies offering personal loans exceed such a detailed yet concise online facility and the model ME Bank have opted for is a successful interpretation of the needs of modern consumers.
Eligibility & Requirements
- Credit check
- Good credit history
- Active email address
- Recent pay slips
- Bank statements
Other Products & Services
- Bank Accounts
- Home Loans
- Credit Cards
- Persoanl Loans
- Car Finance
Here’s a short video about ME Bank
- 13 15 63
- Level 28, 360 Elizabeth Street, Melbourne, VIC, 3000, Australia
- PO Box 1345, Melbourne, 3001, Australia