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Why choose UBank for your home loan?
There are no ongoing or annual fees to pay and no application fees on a variable rate home loan.
Note: A fee of $395 applies on a fixed rate home loan to lock in the advertised rate (as at the date of your application) for a period of time. This fee is waived for fixed rate loans that settle on or between 10 July 2020 and 31 March 2021. More on fees and charges.
Our local home loan experts are here to help you every step of the way.
You'll love our simple, supported online application process - you can start right now!
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.
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Our rates are highly competitive.
Tell us your loan details, we'll show you the repayments on our competitive products.
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 applies only to the example or examples given. Different amounts and terms will result in different comparison rates. 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.
**Limited time offer: 3-year fixed rate and comparison rate for OO P&I loans. Offer valid where applications received 22 Jan-26 Feb 2021. Loans must settle within 90 days after submitting the application to be eligible.
*A fee of $395 applies on a fixed rate home loan to lock in the advertised rate (as at the date of your application) for a period of time. This fee is waived for fixed rate loans that settle on or between 10 July 2020 and 31 March 2021. More on fees and charges.
Alternatively, see our rates table below:
| Variable rates (P&I) | Rate P.A. | Comparison rate P.A. | Est. costs |
| Discounted Rate | 2.34% |
2.34% |
$0 |
| Variable rates (IO) | |||
| Discounted Rate | 2.88% |
2.55% |
$0 |
| Fixed rates (P&I) | |||
| 1 Year Fixed | 1.99% | 2.33% | $395 (currently waived*) |
| 3 Year Fixed Limited time offer** |
1.75% | 2.22% | $395 (currently waived*) |
| 5 Year Fixed | 2.24% | 2.33% | $395 (currently waived*) |
| Fixed rates (IO) | |||
| 1 Year Fixed | 2.14% | 2.35% | $395 (currently waived*) |
| 3 Year Fixed | 2.09% | 2.30% | $395 (currently waived*) |
| 5 Year Fixed | 2.39% | 2.38% | $395 (currently waived*) |
| Variable rates | Rate P.A. | Comparison rate P.A. | Est. costs |
| Discounted Rate for P&I loans |
2.74% | 2.74% | $0 |
| Discounted Rate for IO loans |
3.14% |
3.01% |
$0 |
| Fixed rates (P&I) | Rate P.A. | Comparison rate P.A. | Est. costs |
| 1 Year Fixed | 2.14% | 2.71% | $395 (currently waived*) |
| 3 Year Fixed | 2.09% | 2.60% | $395 (currently waived*) |
| 5 Year Fixed | 2.49% | 2.67% | $395 (currently waived*) |
| Fixed rates (IO) | Rate P.A. | Comparison rate P.A. | Est. costs |
| 1 Year Fixed | 2.29% | 2.72% | $395 (currently waived*) |
| 3 Year Fixed | 2.24% | 2.64% | $395 (currently waived*) |
| 5 Year Fixed | 2.64% | 2.73% | $395 (currently waived*) |
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 applies only to the example or examples given. Different amounts and terms will result in different comparison rates. 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.
**Limited time offer: Offer valid where applications received 22 Jan-26 Feb 2021. Loans must settle within 90 days after submitting the application to be eligible.
*A fee of $395 applies on a fixed rate home loan to lock in the advertised rate (as at the date of your application) for a period of time. This fee is waived for fixed rate loans that settle on or between 10 July 2020 and 31 March 2021. More on fees and charges.
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
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Is a variable or fixed rate right for you?
Gives you flexibility. You can easily make extra payments, redraw surplus funds and make changes to your home loan.
Gives you interest rate and repayment certainty for 1, 3 or 5 years.
A fee of $395 is payable to guard against any rate increases before settlement. This fee is waived for fixed rate loans that settle on or between 10 July 2020 and 31 March 2021. More on fees and charges.
Weekly, fortnightly or monthly
Weekly, fortnightly or monthly
30 years
30 years
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.
Easily access extra cash if you’re already ahead of your scheduled repayments.
Not available.
Unlimited
Break costs may apply if you repay all, or any part, of your loan early.
Up to 80%
Up to 80%
Minimum of $100,000
Minimum of $100,000
Not available.
Not available.
$0
Application fees on variable rate
A $395 rate lock fee applies to fixed rate loans. This fee is waived for fixed rate loans that settle on or between 10 July 2020 and 31 March 2021. More on fees and charges.
$0
Ongoing fees
$0
Annual fees
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Designed for your ease and convenience
Start your application with our easy step-by-step form on computer, tablet or mobile.
We’ll call you to go through your application and confirm eligibility for the next stage.
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.
Once approval is confirmed, we’ll send you the Contract Pack to read and sign.
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Here’s what our customers have to say.
Flawless process and great service! So happy I moved to a bank that looks after their customers!
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.
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?
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.
UHomeLoan info: Credit is provided by AFSH Nominees Pty Ltd Australian Credit Licence 391192. UBank is the mortgage manager for UHomeLoan products. 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 applies only to the example or examples given. Different amounts and terms will result in different comparison rates. 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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