UBank Home Loans

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

UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

3.59 % p.a.

variable rate

3.59 % p.a.

comparison rate

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
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Compare UBank home loans

Rates last updated October 23rd, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.59%
3.59%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
4.09%
4.10%
$395
$0 p.a.
80%
A five year fixed rate offer with no ongoing bank fees.
4.13%
4.13%
$0
$0 p.a.
80%
This is a competitive interest-only rate product that's also low in fees.

Compare up to 4 providers

Rates last updated October 23rd, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.99%
3.99%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required.
3.99%
4.62%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.99%
4.62%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
4.44%
4.44%
$0
$0 p.a.
80%
Pay interest only repayments with this special offer for investors.
3.99%
4.44%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
4.49%
4.56%
$395
$0 p.a.
80%
Lock in a 5 year fixed rate on your investment loan and pay no ongoing fees.
3.99%
4.44%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
4.49%
4.56%
$395
$0 p.a.
80%
Forget about rate rises for 5 years and minimise repayments on your investment mortgage.

Compare up to 4 providers

Finder award for UBank.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.

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, 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.

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Home Loan Offers

Important Information*
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.

HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

Ask an Expert

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34 Responses

  1. Default Gravatar
    RoslynApril 16, 2018

    Do you offer loans for an investment property?

    • finder Customer Care
      JoelApril 17, 2018Staff

      Hi Roslyn,

      Thanks for leaving a question on finder.

      I checked on their website and YES they do business loans as well. If you are looking to compare companies who do business loans, please go HERE.

      Cheers,
      Joel

  2. Default Gravatar
    DanniApril 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

    • finder Customer Care
      MarcApril 22, 2016Staff

      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.

  3. Default Gravatar
    NginJanuary 25, 2016

    I want to know more about.

    • finder Customer Care
      MarcJanuary 27, 2016Staff

      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.

  4. Default Gravatar
    janetJuly 28, 2015

    Could you please tell me the understanding of:

    1. variable loan

    2. variable interest loan

    3. principle interest loan

    thank you

    • finder Customer Care
      MarcJuly 28, 2015Staff

      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.

  5. 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

    • finder Customer Care
      ShirleyNovember 27, 2014Staff

      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

  6. Default Gravatar
    jenelleNovember 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
      jenelleNovember 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?

    • finder Customer Care
      ElizabethNovember 10, 2014Staff

      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

    • finder Customer Care
      ShirleyNovember 5, 2014Staff

      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

  7. Default Gravatar
    FredAugust 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

    • finder Customer Care
      ShirleyAugust 22, 2014Staff

      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

  8. 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?

    • finder Customer Care
      ShirleyJuly 14, 2014Staff

      Hi Heather,

      Thanks for your question.

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

      Cheers,
      Shirley

  9. Default Gravatar
    KevinJune 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.

    • finder Customer Care
      ShirleyJune 27, 2014Staff

      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

  10. Default Gravatar
    GregMay 22, 2014

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

    • finder Customer Care
      ShirleyMay 23, 2014Staff

      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

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