Enjoy competitive home loan rates from UBank with the security of one of the big four banks in Australia.
UBank is an online lender backed by the financial strength of National Australia Bank (NAB) and their deposits are covered by the Government Guarantee (up to $250,000 per person, per institution).
While UBank does not have any physical branches in Australia, representatives can be contacted online, or via phone or Skype. UBank also won Best Online Customer Service at the 2017 finder awards.
UBank UHomeLoan Value Offer
A low interest rate home loan for owner occupiers. No application and ongoing fee. Enjoy a competitive variable rate and upfront discount offer.
- Interest rate of 3.59% p.a.
- Comparison rate of 3.59% p.a.
- Application fee of $0
- Maximum LVR: 80%
- Minimum borrowing: $200,000
Compare UBank home loans
UBank - winner of the 2017 finder award for Best Online Customer Service
At the 2017 finder awards, UBank took out first prize in the Best Online Customer Service category. The digital lender beat Budget Direct, Fast Cover, Lovehoney and Teachers Mutual to take the top spot for the best online service, thanks to its commitment to innovative, customer-driven service strategies.
Customer service is a category that's often hard for customers to evaluate without prior experience. But it's a worthwhile point of comparison when shopping around for a home loan. After all, a mortgage is likely the largest sum of money you'll ever borrow.
Being able to access your loan account easily and get fair, friendly help from your lender makes the whole experience much better, from application to settlement and far beyond.
What home loans are available from UBank?
UBank offers two types of loans to borrowers. This includes a fixed rate option available in 1, 3 and 5 year terms and a loan with a competitive variable rate of interest.
UBank fixed rate home loan - The UBank fixed rate home loan carries no monthly account keeping fees, and offers the ability to split your home loan. You can also elect to pay the interest portion of the loan only and choose your own payment schedule.
UBank variable rate home loan - With a low interest rate of the variable rate home loan option from UBank is an attractive offer for those looking to refinance or purchase a new home. The loan offers a free redraw facility. It carries no ongoing fees and a $0 application fee.
Are you able to apply for a UBank home loan?
If you're looking to apply for a UBank UHomeLoan, ensure you meet the following criteria. You must:
- Be over 18 years old
- Never have committed a financial crime or declared bankruptcy
- Be an Australian resident and have an Australian residential address
- Earn a PAYG income from an employer as your main source of income
The application process
If you would like to apply for a UBank home loan, you can do so by comparing the home loans in the table above and then clicking 'go to site' for the home loan you're interested in. This will securely take you to the UBank site to start the application process.