Why our Own variable home loan

What's an Own variable home loan?

Whether you’re buying or refinancing, our Own variable home loan gives you options. Get 100% interest offset across multiple Spend and Save accounts and make as many additional payments as you want at no charge. For the perfect balance of flexibility and security, you can split your Own variable home loan with our Own fixed home loan.

What’s in it for you?

  • Offset interest
    100% interest offset

    Offset your Own variable home loan with multiple ubank accounts

  • pay off loan faster
    Pay off your loan faster

    Make as many additional payments as you like for free

  • Digital application icon
    Apply from home

    Skip the never-ending paperwork with our simple digital application

  • Redraw freely

    It’s free to redraw additional payments when you need them

Interest rates

Our Own variable home loan rates

The lower your LVR, the lower your rate.

VariablePrincipal and interest (P&I)

Own Owner occupied variable P&I home loan rates
Loan to value ratio (LVR)Interest rate p.a.Comparison rate p.a.1
Up to 60%
2.89%
3.17%
Up to 70%
2.94%
3.22%
Up to 80%
2.99%
3.27%
Up to 85%
3.49%
3.76%
Own standard variable rate
Standard base rate referenced in our loan contracts
4.65%
4.90%

VariableInterest only (IO)

Own Owner occupied variable IO home loan rates
Loan to value ratio (LVR)Interest rate p.a.Comparison rate p.a.1
Up to 60%
3.49%
3.36%
Up to 70%
3.54%
3.41%
Up to 80%
3.59%
3.46%
Own standard variable rate
Standard base rate referenced in our loan contracts
5.25%
5.12%

Fees

Here's what you'll pay

These are the fees you’ll pay with our Own variable home loan. Depending on how you use your loan, you may have to pay other fees and charges.

Neat variable rate home loan fees
FeesCharges
Loan advance fee
To prepare your loan documents and arrange settlement of the loan.
$250
Valuation fee
We’ll cover any valuation under $360. If it’s more, we’ll pay the first $360.
Free
up to $360
Annual fee
To manage accounts and any changes across up to 5 Own split loans.
$250 per year
Discharge fee
To discharge your property at your request.
$300 per property

Ready to apply?

Home loan calculators

Crunch the numbers before you apply

Apply online for a loan

Get a loan without stepping a foot out of home

Compare our home loans

See how this loan compares

Home loans comparison table
Neat variable
Take it back to basics with no annual fee and low variable rates
Own variable
Pay off your loan faster with 100% interest offset on your ubank accounts
Own fixed
Lock in your rate for up to 5 years and budget with confidence
Redraw
Take back any additional payments at no extra cost
up to $20K during fixed term
Additional payments
Pay back more than your minimum repayments for free
up to $20K during fixed term
Split option
You can split your loan with a fixed rate and a variable rate
Offset account(s)
Reduce the amount of interest you pay each month with multiple offset accounts
Annual fee
To manage accounts and any changes across up to 5 Own split loans
$0
$250 p.a.
$250 p.a.

Compare all our interest rates and fees

  • Already have a loan with us?

    Find out everything there is to know about making changes to your loan.

  • Want the key facts?

    We’ll give you the key facts you need to know about your preferred loan.