Being a member of HESTA gives you access to a range of banking products from Members Equity Bank, an innovative bank formed specifically to provide low cost financial services to Industry Super Fund members. Read on to find out more about the bank that was created with you in mind.
What will my membership give me?
Your HESTA membership gives you the option of applying for any one of the Super Members Home Loans (SMHL) at a discounted interest rate. As well as a discounted interest rate, other benefits of the SMHL range are:
- No application fee
- No valuation fee
- No ongoing account keeping fees
- Split and top-ups available
- Free redraw and free lump sum payments
- No fees for phone or internet banking
So, whether you are looking for a home loan to fund your new purchase or to refinance an existing loan, Members Equity Bank aims to give you real value for money without sacrificing great customer service.
Get to know your Super Members Home Loan range
Standard Home Loan
If you are after a low cost yet flexible home loan, this is the one for you. Take advantage of a range of options, including the ability to switch from a variable to a fixed interest rate, split your loan or even top-up your loan. Use this home loan to buy, renovate or build a home or for any other approved purpose including holidays or buying a car.
Offset Account
The Ultimate Offset Account is a versatile all-in-one home loan and transaction facility that offers variable interest, is free from transaction fees, and gives you the opportunity to offset your income and savings against your home loan balance. Bringing together all your finances into one facility cuts out the hassle of juggling multiple accounts and makes your life simpler.
Interest Only Investment Loan
The Interest Only Investment Loan is designed for all types of investors. If your plans include investment in real estate, managed funds or shares, then this product may be the one for you. Choose this product and significantly reduce your current payment commitments by paying interest only, rather than principal and interest repayments, for a period of up to five years.
Applications are subject to credit approval. Fees and charges apply. Terms and conditions available on request.
For more information on the Super Members Home Loan range and Members Equity Bank's other products such as deposit accounts, credit cards and personal loans call 13 15 63 today or visit www.membersequitybank.com.au
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