ubank FAQs

Info on current ubank products

This FAQ is related to a current ubank product. Head to our help centre if you want info about original ubank products that new customers can no longer access.

How often can I make repayments?

The frequency of your repayments depends on the loan you’ve signed up to.

If you’re on a variable loan repaying principal and interest (P&I), your repayments can be made on a weekly, fortnightly or monthly basis. Just give us a call on 13 30 80 to change your repayment frequency.

If you’re on a variable loan repaying interest only (IO), you can only have your repayments deducted on a monthly basis.

You can make additional payments whenever you want for free if you’re on a variable loan. If you’re on a fixed loan, you can make additional payments up to $20K during your fixed term at no charge.

Can't find what you're looking for?

If our FAQs don’t have the answers you need, you can reach out to our support team.