These home loans offer low costs, coupled with a host of features, giving the best overall value.
7+
Great
These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.
5+
Standard
Usually the home loans would offer above average rates. They may still include some competitive features.
0+
Basic
Higher costs and/or fewer features.
Up is a digital bank that launched in 2018 through a partnership between Bendigo Bank and software development company Ferocia. Up offers fixed and variable rate home loans for new buyers and refinancers.
Compare Up home loans for May 2025
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Here are the key features and details you need to know about Up Home:
Feature
Details
Eligibility
Up Home is currently available for owner-occupiers, including new home buyers and refinancers. Your property needs to be located in a capital city or major regional centre.
Offset accounts
You can have up to 50 free offset accounts. If you bank with Up already, your transaction account and savings account can act as offset accounts so that you save money on the interest you pay.
Fees
There are no application or setup fees, no monthly or annual bank fees, no redraw fees and no discharge fees. Up also pays towards valuation costs.
Repayment options
Up Home allows you to make unlimited additional repayments on its loans.
How do I apply for an Up home loan?
All Up products, including loans, are offered through the bank's smartphone app. You can download the app from the Play Store or App store, or via Up's website.
Up can assess loans quickly using its digital application tools.
Eligibility
In its current phase, you might be eligible for Up Home if:
You're an Australian citizen or permanent resident who lives in Australia (must have 2 forms of government ID)
Your property is in a capital city or major regional centre
You have at least a 10% deposit (or equity in the property if refinancing)
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
What is Finder Score?
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Rebecca Pike is Finder’s senior money writer, with over 10 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise, A Current Affair, 9News, and Sky News, and contributes expert analysis to publications like Yahoo Finance and The Latch. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full bio
Rebecca's expertise
Rebecca has written 230 Finder guides across topics including:
Learn more about Up home, a variable home loan from Up.
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