Homeloans Ultra Plus Fixed Home Loan

Rates and fees last updated on

The Homeloans Ultra Plus Fixed Home Loan features competitive interest rates and a redraw facility.

Whether you are buying your first home or want to refinance an existing loan, the Homeloans Ultra Plus Fixed Home Loan is an option worth considering. It is a no-frills loan that lets you lock in your interest rates for the next one to five years. The loan is an attractive option for first-time home buyers and allows you to borrow up to 95% of the property value.

Individuals, companies and non-residents can all apply for the Homeloans Ultra Plus Fixed Home Loan and enjoy the features that it has to offer. The repayments can come from direct debit, BPAY or salary credit.

Interest Rate Max Insured LVR Max LVR
1 Year LVR 80.01% to 90% (Owner Occupier + P&I)
4.14% p.a.
Comparison Rate
4.23% p.a.
90% 80%
1 Year LVR over 90% (Owner Occupier + P&I)
4.29% p.a.
Comparison Rate
4.43% p.a.
95% 80%
1 Year LVR up to 80% (Investment + P&I)
4.46% p.a.
Comparison Rate
4.64% p.a.
80% 80%
1 Year LVR up to 80% (Owner Occupier + P&I)
4.04% p.a.
Comparison Rate
4.22% p.a.
80% 80%
1 Year LVR up to 80% (Owner Occupier + I/O)
4.59% p.a.
Comparison Rate
4.77% p.a.
80% 80%
1 Year LVR 80.01% to 90% (Investor + P&I)
4.56% p.a.
Comparison Rate
4.65% p.a.
90% 80%
1 Year LVR <= 80% (Investor + I/O)
5.01% p.a.
Comparison Rate
5.19% p.a.
80% 80%
2 Years LVR <= 80% (Investor + I/O)
5.07% p.a.
Comparison Rate
5.19% p.a.
80% 80%
2 Years LVR 80.01% to 90% (Owner Occupier + P&I)
4.2% p.a.
Comparison Rate
4.25% p.a.
95% 80%
2 Years LVR up to 80% (Owner Occupier + P&I)
4.1% p.a.
Comparison Rate
4.23% p.a.
80% 80%
2 Years LVR 80.01% to 90% (Investor + P&I)
4.62% p.a.
Comparison Rate
4.67% p.a.
90% 80%
2 Year LVR up to 80% (Owner Occupier + I/O)
4.65% p.a.
Comparison Rate
4.78% p.a.
80% 80%
2 Year LVR over 90% (Owner Occupier + P&I)
4.35% p.a.
Comparison Rate
4.44% p.a.
95% 80%
2 Year LVR up to 80% (Investment +P&I)
4.52% p.a.
Comparison Rate
4.65% p.a.
80% 80%
3 Years LVR 80.01% to 90% (Investor + P&I)
4.56% p.a.
Comparison Rate
4.66% p.a.
90% 80%
3 Years LVR 80.01% to 90% (Owner Occupier + P&I)
4.14% p.a.
Comparison Rate
4.24% p.a.
95% 80%
3 Years LVR <= 80% (Investor + I/O)
5.01% p.a.
Comparison Rate
5.18% p.a.
80% 80%
3 Years LVR up to 80% (Owner Occupier + I/O)
4.59% p.a.
Comparison Rate
4.76% p.a.
80% 80%
4 Years LVR up to 80% (Owner Occupier + I/O)
5.19% p.a.
Comparison Rate
4.97% p.a.
80% 80%
3 Years LVR up to 80% (Owner Occupier + P&I)
4.04% p.a.
Comparison Rate
4.22% p.a.
80% 80%
3 Years LVR up to 80% (Investment + P&I)
4.46% p.a.
Comparison Rate
4.63% p.a.
95% 80%
3 Years LVR over 90% (Owner Occupier + P&I)
4.29% p.a.
Comparison Rate
4.43% p.a.
95% 80%
4 Years LVR <= 80% (Investor + I/O)
5.61% p.a.
Comparison Rate
5.39% p.a.
80% 80%
4 Years LVR 80.01% to 90% (Investor + P&I)
5.16% p.a.
Comparison Rate
4.87% p.a.
90% 80%
4 Years LVR over 90% (Owner Occupier + P&I)
4.89% p.a.
Comparison Rate
4.64% p.a.
95% 80%
4 Years LVR up to 80% (Owner Occupier + P&I)
4.64% p.a.
Comparison Rate
4.42% p.a.
80% 80%
4 Years LVR up to 80% (Investment + P&I)
5.06% p.a.
Comparison Rate
4.84% p.a.
80% 80%
4 Years LVR 80.01% to 90% (Owner Occupier + P&I)
4.74% p.a.
Comparison Rate
4.45% p.a.
90% 80%
5 Years LVR 80.01% to 90% (Investor + P&I)
5.16% p.a.
Comparison Rate
4.92% p.a.
90% 80%
5 Years LVR <= 80% (Investor + I/O)
5.61% p.a.
Comparison Rate
5.43% p.a.
80% 80%
5 Years LVR over 90% (Owner Occupier + P&I)
4.89% p.a.
Comparison Rate
4.68% p.a.
95% 80%
5 Years LVR up to 80% (Owner Occupier + P&I)
4.64% p.a.
Comparison Rate
4.46% p.a.
80% 80%
5 Years LVR up to 80% (Owner Occupier + I/O)
5.19% p.a.
Comparison Rate
5.01% p.a.
80% 80%
5 Years LVR up to 80% (Investment+ P&I)
5.06% p.a.
Comparison Rate
4.88% p.a.
80% 80%
5 Years LVR 80.01% to 90% (Owner Occupier + P&I)
4.74% p.a.
Comparison Rate
4.50% p.a.
95% 80%
Product NameHomeloans Ultra Plus Fixed Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$30,000
Maximum Loan Amount$2,000,000
Minimum Loan Term5 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$330 p.a.
Settlement Fee$150
Discharge Fee$545

Pros

  • Split your loan so that some is variable and some is fixed.
  • Borrow up to 80% of the property value.

Cons

  • There is a valuation fee of $0.
  • There is a $330 annual package fee.

Awards won by Homeloans

  • Winner 2014 First Home Buyer Lender (The Adviser Non-Bank Lending Awards)
  • Winner 2014 First Home Buyer Lender (The Adviser Non-Bank Lending Awards)
  • Winner 2011 Australia’s Best Non-Bank Lender (Australian Lending Awards)
  • Winner 2012 Excellence Award, Mortgage Manager of the Year 30+ Employees (Mortgage and Finance Association of Australia)

Things to consider about Homeloans Ultra Plus Fixed Home Loan

The Homeloans Ultra Plus Fixed Home Loan is available for a variety of purposes including purchases, debt consolidation, refinancing, construction or for equity release. It can be used by both first-time buyers and investors.

You have the option to repay the loan weekly, fortnightly or monthly. The account can also be accessed 24/7 through internet banking.

Features of the Homeloans Ultra Plus Fixed Home Loan

  • Loan to value ratio (LVR). Owner-occupiers are allowed to borrow up to 95% of the property value with this loan. If the loan is being used for any other purpose, the maximum that can be borrowed is 90% LVR. Keep in mind that Lender's Mortgage Insurance (LMI) will be charged if you borrow over 80%.
  • Loan term. The overall loan term for the Ultra Plus is anywhere from 5 to 30 years, although keep in mind that fixed rates are only available for terms between one and five years.
  • Redraw facility. Get access to your funds when you need them through phone or internet banking.
  • Additional repayments. You can make additional repayments with this loan, although keep in mind that paying this loan off early within the fixed period will come with expensive break fees.
  • Split option. If you package this loan with the Homeloans Ultra LOC, you can split your interest rates. This is available for fixed rate loans from 1 to 5 years.

Fees

Fees you can avoid

  • Application fee. Send an application online with no strings attached. It will be reviewed by the lender.
  • Redraw facility fees. There are no fees associated with using the redraw facility. This can be accessed through phone or internet banking.

Fees you can’t avoid

  • Annual fee. $330. The Homeloans Ultra Plus Fixed home loan has an ongoing fee of $330 a year.
  • Settlement fee. $150. There's a settlement fee charged by this loan to cover the administration costs which arise out of loan settlement.

Calculate your repayments by filling in some of your details

How to apply for the Homeloans Ultra Plus Fixed Home Loan

Some of the details you have to provide include:

  • Personal details. Submit your name, address and phone number. If you have a partner and dependents, include those details as well.
  • Employment information. Provide details about your salary, employer and position within the company.
  • Other income. If you have additional income sources such as the family tax benefit or rental income, submitting these details will increase the likelihood of loan approval.

If you're thinking of applying for a no-frills home loan, consider the features offered by the Homeloans Ultra Plus Fixed Home Loan. However, make sure to compare a number of loans before choosing the right one for you.


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This page was last modified on 23 March 2017 at 4:08pm.

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Homeloans Ultra Plus Fixed Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $330

  • Max LVR

    80%

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