UBank Home Loans

Rates and Fees verified correct on December 9th, 2016

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 UHomeLoan Variable Rate - Standard Variable Rate Value Offer (Owner Occupier P&I)

UBank UHomeLoan Variable Rate - Standard Variable Rate Value Offer (Owner Occupier P&I)

3 .74 % p.a.

variable rate

3 .74 % p.a.

comparison rate

UBank UHomeLoan Value Offer

One of the lowest Interest rate home loans offered in the Australian Market. No application and ongoing fee. Enjoy a competitive variable rate and upfront discount offer.

  • Interest Rate of 3.74% p.a.
  • Comparison Rate of 3.74% p.a.
  • Application Fee of $0
  • Maximum LVR: 80%
  • Minimum Borrowing: $100,000
  • Maximum Borrowing: $2,000,000

Compare UBank home loans

Rates last updated December 9th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
3.74% 3.74% $0 $0 p.a. 80% Go to site More info
4.13% 4.13% $0 $0 p.a. 80% Go to site More info
UBank UHomeLoan Variable Rate - Standard Variable Rate (Owner Occupier P&I)
Enjoy discounted rate for new loans when you borrow more than $650k.
4.17% 4.10% $0 $0 p.a. 80% Go to site More info
UBank UHomeLoan - 1 Year Fixed Rate (Owner Occupier)
A one year fixed rate offer with no ongoing bank fees.
3.69% 4.15% $395 $0 p.a. 80% Go to site More info
UBank UHomeLoan - 3 Year Fixed Rate (Owner Occupier)
A competitive 3 year fixed rate with no ongoing bank fees.
3.69% 4.00% $395 $0 p.a. 80% Go to site More info
UBank UHomeLoan - 5 Year Fixed Rate (Owner Occupier)
A five year fixed rate offer with no ongoing bank fees.
4.27% 4.18% $395 $0 p.a. 80% Go to site More info
Rates last updated December 9th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
UBank UHomeLoan Variable Rate - Standard Variable Rate (Investor)
Get your next investment with this standard variable home loan.
4.46% 4.39% $0 $0 p.a. 80% Go to site More info
3.89% 3.89% $0 $0 p.a. 80% Go to site More info
UBank UHomeLoan - 3 Year Fixed Rate (Investor)
Pay no ongoing fees on this investment loan fixed for 3 years.
3.69% 4.21% $395 $0 p.a. 80% Go to site More info
UBank UHomeLoan - 5 Year Fixed Rate (Investor)
Lock in a 5 year fixed rate on your investment loan and pay no ongoing fees.
4.27% 4.35% $395 $0 p.a. 80% Go to site More info
UBank UHomeLoan - 1 Year Fixed Rate (Investor)
Fix your interest rate and pay principal and interest repayments on your investment.
3.69% 4.41% $395 $0 p.a. 80% Go to site More info
UBank UHomeLoan Variable Rate - Standard Variable Rate (Investor with Investor Offer Interest Only)
Pay interest only repayments with this special offer for investors.
4.24% 4.24% $0 $0 p.a. 80% Go to site More info

UBank home loan rates for December 2016

LoanInterest rateComparison rate
UBank UHomeLoan Variable Rate - Standard Variable Rate Value Offer (Owner Occupier P&I)3.74% p.a.3.74% p.a.
UBank UHomeLoan Variable Rate - Real Reward Offer (Owner Occupier Interest Only)4.13% p.a.4.13% p.a.
UBank UHomeLoan Variable Rate - Standard Variable Rate (Investor)4.46% p.a.4.39% p.a.
UBank UHomeLoan Variable Rate - Standard Variable Rate (Investor with Investor Extra Offer P&I)3.89% p.a.3.89% p.a.

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.

Interested in the UBank Fixed Rate home loan?

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.

Interested in the UBank variable rate home loan?

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, please click on 'go to site' to be safely redirected to the application page.

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This page was last modified on 10 November 2016 at 14:26.

HSBC Home Value Loan - Resident Owner Occupier only

Enjoy the low variable rate with $0 ongoing fee and borrow up to 90% LVR.

ME Bank Basic Home Loan - LVR <=80% Owner Occupier

A low variable rate loan with no application or ongoing fees.

NAB Choice Package Home Loan - 3 Year Fixed (Owner Occupier)

Receive discounts on interest rates with the Choice Package. 250,000 Velocity Frequent Flyer point offer, conditions apply.

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32 Responses to UBank Home Loans

  1. Default Gravatar
    Danni | April 15, 2016

    I am interested in your current fixed rates 3.99 % for 1& 3 yrs. I currently have a home loan with CBA .
    The balance ATM is $220,000 variable rate ,considering refinancing.
    I have read some the previous posts & unclear. When you state 20% deposit is required of the value of the property to refinance with you-
    Do you mean the valuation the bank originally did , the valuation of the property on my rates notice or what I originally borrowed from CBA ??
    Danni

    • Staff
      Marc | April 22, 2016

      Hi Danni,
      thanks for the question.

      For the purposes of refinancing, borrowers must have 20% equity in their home to be eligible for this home loan. This refers to the amount of the property you own e.g the property value minus the current loan on the property. UBank will find out your property value using either a virtual valuation or with a physical inspection to verify this, not using the other figures you’ve mentioned.

      I hope this helps,
      Marc.

  2. Default Gravatar
    Ngin | January 25, 2016

    I want to know more about.

    • Staff
      Marc | January 27, 2016

      Hi Ngin,
      thanks for the question.

      You can find out more about UBank home loans by comparing them in the table on this page, and clicking the ‘More info’ link. Alternatively, if you wish to speak to UBank directly, you can click the green ‘Go to Site’ button.

      I hope this helps,
      Marc.

  3. Default Gravatar
    janet | July 28, 2015

    Could you please tell me the understanding of:

    1. variable loan

    2. variable interest loan

    3. principle interest loan

    thank you

    • Staff
      Marc | July 28, 2015

      Hi Janet,
      thanks for the question.

      Here is a basic rundown of each term, for more information you can check out our comprehensive home loans guide.

      1. A variable loan is a home loan with an interest rate which can change from time to time over the course of the loan term. How often the rate changes will depend on your bank and the economy. This is different to a fixed rate home loan, where you lock in a rate for an agreed amount of time, during which the rate doesn’t change.

      2. A variable interest loan is the same as the variable loan mentioned above. It can also be called a variable rate home loan.

      3. A principal and interest loan refers to a loan where some of your repayment goes towards paying the interest due each month, and some of it goes towards the actual amount you have borrowed – known as the principal. As the years go on you will slowly pay off the principal (the loan amount you borrowed) so that there is no amount remaining.

      I hope this helps,
      Marc.

  4. Default Gravatar
    | November 27, 2014

    Hi,
    I want to refinance 300k .Currently I am with CBA .
    Can you please tell me the process?
    how long it will take?
    is there any application fees or valuation charge?.
    Is there any ongoing fees?
    Will I be able to get an offset a/c?.
    What will be the interest rate?.
    Is there any early termination fees?.
    Regards
    John

    • Staff
      Shirley | November 27, 2014

      Hi John,

      Thanks for your question.

      If you’d like to refinance to UBank, the first step would be to choose and enquire for the UBank home loan you’d like. The duration of the process is hard to say because it depends on UBank, the borrower and CBA. It could take a few weeks, depending on how smooth the paperwork goes.

      The fees and charges applicable to your UBank home loan depends on the loan your choose. If you click through to our reviews and head into the ‘fees’ tab, you can see what foreseeable fees and charges will apply to your loan. Again, your offset account, early termination fees and interest rate will depend on the specific loan your choose.

      If you’d like anymore information, please let us know.

      Cheers,
      Shirley

  5. Default Gravatar
    jenelle | November 5, 2014

    Hi
    could you tell me please what LVR stands for and also if you are paying extra money weekly off a variable loan does the amount of years you take the loan over make a difference?

    • Default Gravatar
      jenelle | November 10, 2014

      hi
      We currently have a variable home loan with ANZ for$130,000
      would we be eligible for the U Bank variable rate of %4.45 if we change over and also would we have to provide 20 percent deposit?

    • Staff
      Elizabeth | November 10, 2014

      Hi Jenelle,

      Thanks for your question.

      The UBank UHomeLoan is available for refinancing applications, so if you meet the eligibility criteria you’ll be able to apply. The 20% deposit related to the value of your property, so if your property is worth $130,000 and you’re looking to take out a $130,000 loan, then you would need to provide a 20% deposit. If your home is worth more (having paid off some of your loan with ANZ) then you may not need to pay the deposit, as long as you’re taking out a loan that is less than 80% of the value of your property.

      I hope this has helped.

      Thanks,

      Elizabeth

    • Staff
      Shirley | November 5, 2014

      Hi Jenelle,

      Thanks for your question.

      LVR stands for loan the value ratio.

      If you’re paying extra money on a weekly basis, it tends to reduce your loan term though it does depend on much you’re paying off as well. If you opt for a loan term that is too long and you pay it offer early, you could be liable for an early discharge fee though this mainly depends on the home loan and lender.

      Cheers,
      Shirley

  6. Default Gravatar
    Fred | August 22, 2014

    I would like to borrow money for a house through my self managed super fund do you lend for this type of loan and do I
    Require a 20% deposit before I can apply

    • Staff
      Shirley | August 22, 2014

      Hi Fred,

      Thanks for your question.

      Unfortunately to be eligible for this home you need to be looking to purchase a residential property or refinance your current home loan.

      If you’d like, you can compare SMSF home loans on this page.

      Cheers,
      Shirley

  7. Default Gravatar
    | July 12, 2014

    Hi there,
    My father has offered to pay mortgage insurance for my husband and myself, instead of being a guarantor for the loan. Approximately how much (based on a $350,000 home) would we need to have as a deposit to get our foot in the door?

    • Staff
      Shirley | July 14, 2014

      Hi Heather,

      Thanks for your question.

      The UBank UHomeloan requires a 20% deposit, so deposit of $70,000 will be required.

      Cheers,
      Shirley

  8. Default Gravatar
    Kevin | June 25, 2014

    Hi, Im looking at refinancing with Ubank. I am a customer with Ubank already. I saw that the minimum loan term for a variable rate home loan is 3 years. Does that mean i can’t pay off the loan sooner if some extra money comes to hand which allows me to pay off earlier than 3 years. If i can, will their be fees involved in paying it off earlier. Also, if i decide to purchase another property and borrow from ubank, does it become one loan or two separate loans and will i have to borrow less than 80% to avoid any fees.

    • Staff
      Shirley | June 27, 2014

      Hi Kevin,

      Thanks for your question.

      In the terms and conditions it states that, ‘you may pay an additional amount in repayment of the Facility at any time provided that You give Us at least two Business Days notice of your intention to make the early repayment. You must not pay an amount under the Facility before it is 12.due and payable. We are not obliged to accept such a payment.’

      There is likely to be fees involved, up to the discretion of UBank. If you intend to purchase another property, then generally it becomes two separate loans.

      Borrowing under 80% LVR means you can avoid LMI, but the standard fees still apply such as application, establishment fees etc. if applicable.

      Cheers,
      Shirley

  9. Default Gravatar
    Greg | May 22, 2014

    Hi, does Ubank offer home loans to investors? I am already a Ubank customer. Cheers, Greg

    • Staff
      Shirley | May 23, 2014

      Hi Greg,

      Thanks for your question.

      UBank currently offers one home loan, the UHomeLoan.
      At the moment, it’s only available to borrowers looking to purchase a residential property or refinance a current home loan.

      Cheers,
      Shirley

  10. Default Gravatar
    Craig | April 2, 2014

    Hi,

    Regarding the Upfront Discount Offer (on your advertised Home Loan of 4.62%), how long does that offer apply for? Does it get withdrawn after 3, 6 or 12 months? Or does it stick around for the life of the loan?

    Regards,
    Craig.

    • Staff
      Marc | April 3, 2014

      Hi Craig,
      thanks for the question!

      This discount sticks around for the life of the loan, although bear in mind that this is a variable rate loan, so your loan rate could be higher or lower depending on the movements of the official cash rate.

      I hope this helps,
      Marc.

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