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ME Bank Car Loans

ME Bank car loans come with many handy features, such as a low rate. But the bottom line is they can get you that ride you have your eye on. If you want to drive sooner, compare options, calculate repayments and apply online below.

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Loan Amount



5 months

ME Bank

Personal Loan

EST Monthly Repayment
Advertised Rate
Advert. Rate (p.a)
Comparison rate
Finances falling short of your goals? Get what you need, now, with a ME low interest personal loan. provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 19.07% p.a. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. *Comparison rate is based on an unsecured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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ME Bank car loans – Apply quickly and drive sooner

Members Equity or ME says it’s a bank established and run by industry super funds. It provides a wide range of products, such as home loans, credit cards, term deposits, and personal loans. While ME Bank personal loans can be used for debt consolidation and home renovations, car buyers can also tap into this product. If you’re due for an upgrade, this article gives you the rundown on financing a new set of wheels via a ME Bank car loan.

ME Bank car loans in a nutshell

ME car loans are unsecured loans, so you won’t have to provide collateral to guarantee the funds. The amount you borrow must be more than $5,250 – this includes a one-time establishment fee of $250.

Loan amounts go up to $50,000 with an interest rate of 10.89%. You can pay off your debt over a maximum period of 7 years.

  • What’s good? – You can make extra repayments with no penalties. Additionally, there are no ongoing monthly fees.
  • What’s bad? – You can’t use a ME personal loan for business purposes or to cover property purchases and tax costs. Plus, there’s no redraw facility.
  • Who’s this for? – Car buyers that want to finance a new or used car without offering security.

How do ME Bank car loans work?

ME Bank car loans come with the following key features:

  • ME Bank car loans are unsecured. That means you won’t need to offer collateral, so there’s no risk of losing your property.
  • A fixed rate translates to fixed repayments, so you’ll always know the amount due for each instalment.
  • You can make extra repayments without penalty. Before you decide to apply, you can also figure out which repayment plan is best for you by playing around with our ME Bank car loan calculator.
  • It’s possible to pay off your debt early without penalty. That way, you can save on interest, which tends to pile up in the long run.
  • Repayments can be made weekly, fortnightly, or monthly, depending on what suits your pay cycle. To make life easier, you can set up automatic payments via direct debit.

Rates, fees, and charges

The interest rate is 10.98%. Additionally, you pay a $250 establishment fee. However, there’s no account-keeping fee, extra repayment fee, or early repayment fee.


  • Be at least 18 years old
  • Be an individual – no joint applications
  • Have Australian citizenship or permanent residency
  • Must be using the funds for personal purposes
  • Have a good credit rating

How to apply online

You can apply for a ME Bank car loan via BestFind with one click of the “Go to Site” button in the table above. Next, complete the application form – this takes about 10 minutes. Once you have approval, it takes about two business days before the money shows up in your account.

More about ME

ME has been offering financial services to Australians since 1994. However, it has no branches and keeps business with customers strictly digital. If you need to speak to someone, you can contact the ME Australian call centre.

In terms of giving back to the community, ME has helped raise funds for the National Breast Cancer Foundation. ME also gives back to the environment by never investing in fossil fuels.

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