UBank UHomeLoan Fixed Rate

The UBank UHomeLoan Fixed Rate can give you the security of knowing your interest rate won't change.

One of the benefits of fixing in your interest rate is the certainty that your repayments can’t increase throughout the fixed term. This could be ideal for anyone who wants predictable repayments for a safe family budget. It could also be great for investors who want a level of assurance that their investment loan costs are fixed.

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Marc Terrano

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About this loan

What are the features and benefits of the UBank UHomeLoan Fixed Rate?

The UBank UHomeLoan Fixed Rate loan is suitable for refinancing and new purchases. This means if you're currently paying a higher rate of interest with another lender, you could save money by refinancing with UBank. You'll reduce the amount of interest you pay on your mortgage, slashing your monthly repayments.

  • Split loan options. You're able to split your loan so that a portion of it is set at the fixed rate, while the remaining portion stays on a variable rate. UBank will allow up to 4 account splits, which can be great for people wanting to separate payment or accounting arrangements for investment or personal uses.
  • Maximum loan-to-value ratio of 80%. The minimum loan amount available is $100,000. The maximum loan amount is capped at $2,000,000.
  • Repayment flexibility. Repayments can be made weekly, fortnightly or monthly. Making more regular repayments saves you more money in interest, and can better suit how you're paid.
  • Fees may apply. Keep in mind that break fees may apply if you pay off your fixed rate home loan early. This may include selling the property or refinancing your loan over to another lender before the end of the fixed term. If you know you're likely to sell your home within that time, you may benefit by choosing a shorter fixed rate term or remaining on a variable rate so you can avoid break fees.
  • Accessibility. You can access your home loan account at any time using UBank's secure online banking portal. You can log in and view your statements, as well as see any payments you've made and interest amounts charged. You can also change your payment frequency via your online banking account.

Information button Note: There is no redraw facility available on a fixed rate home loan with UBank. The redraw feature is only available on variable rate home loans, so if you wish to use this facility you may need to think about splitting your loan.

How to apply

If you would like to apply for this loan, please click "Go to site" to be safely redirected to the application page. The online application form is secure so your information is always kept completely confidential. You must be over 18 years of age at the time you apply, and you need to be a permanent resident of Australia. If you're currently an American resident, UBank advises that you get in touch with it directly to start an application.

Eligibility

  • You have an Australian residential address.
  • You're currently receiving PAYG income from an employer as your primary source of income. Please note that rental income, unemployment benefits, superannuation, pension and family payments are not considered as a primary source of income.
  • You have never been declared bankrupt and you've never committed a financial crime.

You will need to provide

  • Your mobile phone number and email address. If you're opening a joint application, both applicants will need to have different email addresses.
  • If you intend to refinance, a recent home loan statement.
  • Details about your income, assets and expenditures.

You can track your application process online to see whether your application is being assessed, whether further information is required or if it has moved on to the approval stage.

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25 Comments

    Default Gravatar
    estelle
    February 2, 2022

    Hi I want to find out more about investment property fixed interest loan

    Reply
      AvatarFinder
      Sarah
      February 17, 2022

      Hi Estelle,

      To review a number of options for investment home loans, you can visit our guide about investment loans.

      Cheers
      Sarah

      Reply
    Default Gravatar
    Peter
    January 11, 2022

    there are three individuals to the loan….do you cater for 3 borrowers?

    Reply
      AvatarFinder
      Richard
      January 12, 2022

      Hi Peter,

      We do not lend to borrowers at Finder. We just provide information to help readers make decisions. You need to contact a lender directly to ask about the specific details of a loan application.

      Kind regards,
      Richard

      Reply
    Default Gravatar
    Matthew
    December 14, 2021

    I would like to talk to someone about refinancing options and taking out a second loan for a second property using equity in the first

    Reply
    Default Gravatar
    LS
    October 21, 2021

    Do you refinance investment loans

    Reply
      AvatarFinder
      Sarah
      October 22, 2021

      Hi LS,

      Yes. UBank offer refinancing on investment loans and you can choose between a variable or fixed rate home loan. Click the Go to site icon when you’re ready to apply.

      Hope this helps!

      Cheers,
      Sarah

      Reply
    Default Gravatar
    Patrick
    September 28, 2021

    Please max lvr avail for SMSF residential property investment?

    Reply
      AvatarFinder
      Richard
      October 6, 2021

      Hi Patrick,

      The LVRs may vary based on the security offered. To confirm the maximum LVR UBank can offer you, we suggest that you check with them directly. You may call them on
      13 30 80, available from 8am-8pm Monday-Friday and 8am-6pm Saturday & Sunday (AEDT).

      I hope this helps!

      Cheers,
      Richard

      Reply
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