Great Service
markemark24
01/03
Flawless process and great service! So happy I moved to a bank that looks after their customers!
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No ongoing
Discounts for
Flexible &
01 Start
04 Formal
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UHomeLoan
UHomeLoan
[01] Variable & comparison rate for new Owner Occupier Principal & Interest loans over $200,000. Includes discount offer. Terms & Conditions apply.
01
Features
Why choose UBank for your home loan?
No ongoing
fees
There are no ongoing or annual fees to pay and no application fees on a variable rate home loan.
Note: A one-off fee of $395 applies on a fixed rate home loan to lock in the advertised rate (as at loan approval) for a period of time. More on fees and charges.
Local support ready to help
Start your application online. The first step could take as little as 15 minutes. Our local home loan experts are here to help you every step of the way.
Discounts for
loyalty
A 0.10% p.a. loyalty discount off the standard variable rate may be applied once you’ve held your home loan for 3 consecutive years or following the fixed rate expiry, whichever is greater.
Note: This is not available in conjunction with any other rate discount offer.
Flexible &
convenient
A UBank home loan keeps you in control with an online application tracker and, on a variable rate loan, offers the flexibility of an unlimited number of redraws.
02
Rates
Our rates are highly competitive.
Tell us your loan details, we'll show you the repayments on our competitive products.
Alternatively, see our rates table below:
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Variable rates (P&I) Rate P.A. Comparison rate P.A. Est. costs Discounted Rate –
$700,000 or more2.59%
2.59%
$0 Discounted Rate –
$200,000 to less than $700,0002.59%
2.59%
$0 Discounted Rate –
less than $200,0002.74%
2.74%
$0 Variable rates (IO) Discounted Rate 3.13%
3.13%
$0 Fixed rates (P&I) 1 Year Fixed 2.29% 3.12% $395 3 Year Fixed 2.29% 2.90% $395 5 Year Fixed 2.59% 2.91% $395 Fixed rates (IO) 1 Year Fixed 2.44% 3.13% $395 3 Year Fixed 2.44% 2.94% $395 5 Year Fixed 2.74% 2.96% $395
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Variable rates Rate P.A. Comparison rate P.A. Est. costs Discounted Rate
for P&I loans2.99% 2.99% $0 Discounted Rate
for IO loans3.44%
3.44%
$0 Fixed rates (P&I) Rate P.A. Comparison rate P.A. Est. costs 1 Year Fixed 2.44% 3.57% $395 3 Year Fixed 2.44% 3.30% $395 5 Year Fixed 2.74% 3.26% $395 Fixed rates (IO) Rate P.A. Comparison rate P.A. Est. costs 1 Year Fixed 2.59% 3.59% $395 3 Year Fixed 2.59% 3.34% $395 5 Year Fixed 2.89% 3.32% $395
P&I = Principal and Interest
IO = Interest Only
The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given & may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Govt charges may apply.
Money Magazine
Best of the Best 2019
Cheapest Three-Year Fixed
Home Loan Bank
2019
Mozo
Experts Choice 2018
Investor Home Loan
Investor Fixed Home Loan
CANSTAR
Bank of the year 2018
Fixed rate home loan
Outstanding Value 2017
Investor Variable Home Loan
Owner Occupied Variable Home Loan
03
Compare
Is a variable or fixed rate right for you?
Variable rate
Gives you flexibility. You can easily make extra payments, redraw surplus funds and make changes to your home loan.
Fixed rate
Gives you interest rate and repayment certainty for 1, 3 or 5 years.
No application fees
A fee of $395 is payable to guard against any rate increases before settlement.
Flexible repayment options
Weekly, fortnightly or monthly
Weekly, fortnightly or monthly
Loan term
30 years
30 years
Split loans
You can split your UHomeLoan up to 4 times with a minimum split of $20,000.
You can split your UHomeLoan up to 4 times with a minimum split of $20,000.
Redraw
Easily access extra cash if you’re already ahead of your scheduled repayments.
Not available.
Additional repayments
Unlimited
Break costs may apply if you repay all, or any part, of your loan early.
Max loan to property value
Up to 80%
Up to 80%
Loan size
Minimum of $100,000
Minimum of $100,000
Offset
Not available.
Not available.
$0
Application fees on variable rate
a $395 rate lock fee applies to fixed rate loans
$0
Ongoing fees
$0
Annual fees
04
Easy online apply
Designed for your ease and convenience
01 Start
application
Start your application with our easy step-by-step form on computer, tablet or mobile.
02 Approval in principle
We’ll call you to go through your application and confirm eligibility for the next stage.
03 Assessment & valuation
Upload your documents online for verification. We’ll arrange a property valuation and have one final look at your application to make sure it all stacks up.
04 Formal
approval
Once approval is confirmed, we’ll send you the Contract Pack to read and sign.
05
Reviews
Here’s what our customers have to say.
UBank variable home loan is THE BEST
Singh, QLD
02/03
I have taken my 2nd home loan with UBank. I must say that customer service provided to me was great. UBank representative who dealt with me was the best person I have dealt with so far. Right from application process until after settlement she was exceptional ... Will certainly recommend UBank.
Good
All Good
03/03
My experience has been a good one. A bit daunting doing a home loan over the net, but if you have all necessary records, it does flow well. I have felt that communication has been good, either by phone call or secure mail. It was a good rate and suitable for me at this time.
Quick, simple, easy apply ...
Ready to get started?
Introducing Mia: The world's first digital human in the home loan space.
Mia represents a leap forward in chatbot technology and gives a digital face to UBank’s home loan experience while aiming to create a smarter, simpler home loan application experience.
Created in partnership with FaceMe, Mia is powered by artificial intelligence (AI) and will answer the most commonly asked questions during the home loan application process.
*Now available on chrome desktop, iOS, safari desktop and Andriod.
Useful tips & information
UHomeLoan info: Govt charges may apply. The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given & may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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