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ME Bank Home Loans
- 4 reviews
Stay Away, The Worst Lender I Have Encountered
Our current three loans of 2.49% fixed interest P&I loans with ANZ expired 7 May 2022. We engaged a broker end of January & he was able to offer 3.19% for 3yrs fixed with ME Bank. We were given an option to pay $750 per loan to lock this rate in, which we did. The process with ME has been very very slow. We had three unconditional loans approved in writing by ME Bank. We received two loans documents mid-March, we sent completed signed docs back within days. We waited six weeks our loans had not been processed. Meanwhile the broker was calling M...
Read moreE every second day to enquire about the where abouts of the third loan documents. ME advised that they were having technical issues & will send this soon. Four weeks later, it come to light there was never a technical issue, as there was a serviceability issue with the loans. (This was after being told the loan was unconditionally approved) back in 18 March. At no point did ME request for any additional documentation or advised there was a concern about the serviceability. We have now been notified in writing by ME that, ‘sorry we can’t go through with your loan applications’. My question is, why did ME provide an unconditional approval & send out loan docs, the serviceability should have been sorted by ME during their due-diligence process. Our 3.19% fixed rate no longer is on offer. As ME have now wasted four months of our time, alternative banks are now offering 5% fixed rates. ME Bank are like the modern-day terrorist, they don’t care, ruin people lives & don’t care about the aftermath. Please be Warned, any potential person considering of engaging ME for loans or banking, you will be mucked around. ME will lure you in with low interest rates, offer you $3k to switch over each loan & then offer you a ridiculous ultimatum. i.e. to still offer you the loans, we needed to close our credit card & contribute an additional $50k from our personal savings, what a joke you are ME Bank. For any insane reason you do proceed to engage ME, you deserve the pain & suffering that you will eventually endure. ME Bank is unprofessional, deceptive, unreliable, dishonest, deceitful & they will mislead you with false information throughout the loan process. The broker raised a complaint & our concerns to two senior managers, there responses where we can’t help you as we are leaving ME Bank, how disgusting. It’s incompetent amateur banks like ME, why there needs to be a royal commission into the banking lending sector again. We have now lodged a complaint with AFCA, to seek compensation by ME & engaged legal representation.- Transparency
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- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forRefinancing
Thanks Izzy, unfortunately what I have mentioned is a portion of what ME has put us through. Our AFCA complaint was submitted a few weeks ago & is being looked into by Andrew S from ME Customer Relati...
Read moreons. I did just as you asked & called ME on 13 15 63 & was transferred from one team leader to another & another & another, without success. It just proves that we dealing with a circus that belittles people with disrespect. It won’t be long until AFCA & my legal team turns the tables on ME Bank.Poor communication
It was almost impossible to speak to a staff member when our fixed loan expired. I rang several times then sent 2 emails and no phone call prior to our loan expiry. I would not recommend. No service provided.
- Transparency
- Customer Service
- Incentivised Review No
- Loan TypeFixed Rate
Hi Anne - I'm really sorry you're not happy with ME! We have had a huge amount of calls coming in lately, therefore, our call wait times are a lot longer than we would like. With secure email, our rep...
Read morely time frame is usually 1-2 business days, however this is about 3 business days at the moment, due to the volumes we are receiving. If it's a fixed loan you want to discuss, you can actually contact that team directly on 1300 364 398, Mon - Fri between 8:30am - 6pm. Also, if you would like to log this feedback with ME directly, please head here: mebank.com.au/home/contact-us/customer-feedback/ - IzzyTerrible terrible and terrible
I’ve been with ME for 20 years. It has taken 4 months and still waiting. For top up approval I have equity in house it’s a very small top up for home improvements. I would not recommend my worst enemy to use this organisation
- Transparency
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- Timeliness
- Online Tools
- Incentivised Review No
- Loan TypeVariable Rate
- Loan Start DateMarch 2022
- Loan used forRenovation
I'm sorry to hear about this experience you've had recently with ME. I can't look into what may be occurring with the Top-up approval here due to security purposes. But, if you can let ME know in a pr...
Read moreivate message your full name and contact number, we'll be able to escalate this issue through to the relevant team and hopefully get this sorted once and for all for you. - AndyAndy
Please don’t make things worse. It’s my experience shared on a review site. I’m just sharing my experience. Need to be a lot shaper ME the wheel is squeaky.
Lip service is cheap? It’s sad that organisation’s like ME pass the buck ?
To many silver bullets and shining knights in this organisation that are going to make it happened. Andy 4 mths is a joke
S...
- 2 reviews
Still stressed by the experience
Had many problems including a change of their system no longer withdrawing loan amount from linked account, talking to representatives who provided false information and these resulted in extra payments and default notices. Also took 13 thousand off the money sitting on top mortgage without notice. Closed accounts without any communication- very stressful.
- Transparency
- Customer Service
- Incentivised Review No
- Loan TypeVariable Rate
- Loan used forFirst Home
Hi Rhino, we’ve recently moved some of our older loan products to a newer banking system. I apologise for the stress that this has caused, we aren’t able to look into anything via Product Review. But ...
Read morewe’re definitely wanting to look into this for you, so could you please give ME a call on 13 15 63 or send ME a secure email from your internet banking ‘Messages’ and then ‘Contact ME’ with some more details, we’ll do our best to follow this up for you and try to resolve the issues that have occurred. - JeremyFind out how ME Bank Home Loans compares to other Home Loans
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Hopeless
28 days to discharge a loan - it took half that time to get a new one approved.
When I called to check they were unable to find the discharge request.
- Incentivised Review No
- Loan TypeVariable Rate
- 2 reviews
- 1 like
Worst bank experience in 25 years
My Odyssey in Bankingland
Three times i had to resend a discharge form for a sttlement of our property in Brisbane. MEBank has never confirmed or otherwise if documents sent were in order. A week later - we called them (40-45 mins) and were informed that we had to resend documents again (it was our inexperience). One would think that bank will get back to you by email or phone to let you know? Not really. It was entirely our problem
---second call (just under 40 mins) a representative went through our forms and confirmed several times that ev...
- Transparency
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- Incentivised Review No
- Loan TypeFixed Rate
- Loan Start DateJune 2019
- Loan used forInvestment Property
- 2 reviews
- 3 likes
ME provides the opposite of customer service
last year ME Bank stuffed up my redraw facility. Now I have been on hold for an hour so far because they do not answer their phones, and you have to request a loan discharge form over the phone. Forget doing business with this worthless lot.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeVariable Rate
- Loan Start DateDecember 2001
- Loan used forFirst Home
Related Articles
rubbish waiting times
hold times beyound 30 minutes???? due to high call volumes???? When you want to email your issue, theres a comment, due to high volumes of queries, there may be delays.....go figure hire more staff. For a banking icompany, very poor customer support
- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
Waiting and waiting for my home loan to be corrected
Refixed my home loan with ME Bank after three attempted phone calls to get through (eventually just waiting and waiting which isn't easy when you have things to do). After a long phone call to fix it, it's 12 days later and nothing has happened. I'm still being charged the higher old rate and the money I added into my home loan hasn't been absorbed into it. And despite sending two emails, I'm stuck with making another dreaded phonecall and waiting endlessly again. Doesn't make life easy for working people that they only take calls during the same working hours that their clients work. Go somewhere else if you're looking for good service!
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forRefinancing
Find out how ME Bank Home Loans compares to other Home Loans
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Customer service does not exist
When trying to close out mortgages there is always a delay even after being given six weeks notice. Each time they have blamed someone else however taking the opportunity to charge the extra interest. This has happened three times. It appears to be a trend.
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- Customer Service
- Application Process
- Timeliness
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- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forInvestment Property
- 6 reviews
- 7 likes
- Verified
Frustrating customer service
I've hated dealing with ME Bank since my broker used them for my home loan. They consistently give advice for the wrong product, or only partial answers for another product. I've asked them to investigate advice I was given over the phone and they ignore the question. They refuse to acknowledge that I can't access their phone service due to disability trying to push everything through a case manager that won't help. Email assistance turn around time can be a high as 10 business days and due to partial or generic advice mean a further 10 days ...
Read moreas you try to get them to answer. Assisted calls mean a wait of 30 minutes to 2 hours if you don't get cut off or hung up on. Some of this I could absorb if the product was worth it but my loan interest rate is more than twice that of other banks and I've already negotiated They have no interest or respect for their customers eg: when I was taking out my loan I was called "dude" by a representative multiple times. The silly jokey ads are not marketing. They are really treating you like a joke. I hope that the acquisition by Bank of Qld will clear this out. Time to leave- Transparency
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- Incentivised Review No
- Loan TypeFixed Rate
- Loan Start DateOctober 2017
- Loan used forInvestment Property
- 2 reviews
- 2 likes
No Frills No Service Bank
This used to be a great customer-service focused bank - backed and promoted by both Super Funds and Unions; however this bank has lost its way. MeBank is rationalising another of its customer service options and is soon ending its 24-hr Self-Service Telephone banking service. It plans to reduce customer service to mostly online banking-only. It offers no face-to-face customer service and its poorly-maintained and seemingly never upgraded 24-hr Self-Service Telephone banking service, which doesn't follow its own customer service menu, but at l...
Read moreeast offers some customer autonomy and respite from its long customer-service assisted phone banking wait times - will too soon end. The exact closure date is not publicised. Formal complaints to MeBank and the Banking Industry are routinely dismissed. Profit margins - not customer service needs - seem to be at the centre of this bank's service charter. Incompetence and rude arrogance are its true currency and could/should constitute MEBank's promotional tag line - ME((( . Super Funds and Unions would well be advised to find another more competent and ethical banking service to patronise. I certainly will.- Transparency
- Customer Service
- Incentivised Review No
- Loan TypeVariable Rate
Find out how ME Bank Home Loans compares to other Home Loans
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Hopeless bank as once existing customer. Been unable to update my home loan. It’s been six weeks and 3rd attempt
3 times I have tried to reduce my rate for my homeland. Currently awaiting paperwork to be emailed and so far it’s been six weeks. Very unhelpful and very slow to help you reduce your home loan rate but quick to ring if my credit card is overdue. Very frustrating and hopeless bank once you are an existing customer
- Transparency
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- Application Process
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- Incentivised Review No
- Loan TypeVariable Rate
- Loan used forFirst Home
- 3 reviews
- 3 likes
Most expensive rates in the country
Just got a letter saying my home loan rate is increasing to 4.3% . Logged into internet banking to call and get pictures of fake chattering teeth . Are your customers a joke to you.
- Transparency
- Customer Service
- Incentivised Review No
- Loan TypeVariable Rate
- Loan used forSecond Home
- 4 reviews
- 4 likes
Hopeless customer service at this bank!
I am now refinancing with another bank after the poor I received from Me Bank last year. I have a home investment loan with them which I had to pause repayments during Covid restrictions. Due to the poor training of their call centre staff, I was treated like I was in default and you always wait at least 20 minutes to talk to someone. I lodged a complaint with the banking ombudsman and in the end, they offered $200 to settle my complaint.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Online Tools
- Incentivised Review No
- Loan TypeFixed Rate
- Loan Start DateNovember 2015
- Loan used forInvestment Property
Questions & Answers
Hi. which one is quicker - processing a new construction loan or processing our release paper?
Hi there! So that we can follow these matters up for you, can you please give ME a call on 13 15 63. - Jeremy
once you approve a home loan how long before i get the loan documents to sign? & then how long does it take for my refinance from my existing lender (choicelend) to go through? thanks
Get an answer from our members and ME (Members Equity) Bank representatives
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Hi David. It's really unfortunate to hear you've had such a rough experience with ME. It's not good enough and you shouldn't have had to deal with all of this. You're right in being frustrated. As thi...
Read mores is a public forum and we don't have private messaging here, I can't access your personal details to look into it. However, I have logged a complaint on our general customer profile and when the AFCA complaint comes through, we can match this all up. Definitely feel free to call ME on 13 15 63 if you need to discuss the complaint. I sincerely hope you get some answers - Izzy