Ubank Flex Variable home loan

Ubank's Flex Variable home loan has a low variable rate and a 100% offset account. It's also available with a deposit as low as 15%.

This online home loan has plenty of flexibility, with an offset account and the ability to make and redraw any extra repayments.

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By

Richard Whitten

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Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).

Expert review

This is a good product if you need a variable loan and have extra cash to put in an offset account. And it's especially useful if you value the speed and convenience of an online lender with a smartphone app.

About this loan

What are the features and benefits of the ubank Flex Variable home loan?

  • Loan purpose. The ubank Flex Variable Home Loan is available for owner-occupiers. Borrowers can also choose interest-only repayments.
  • Loan-to-value ratio. You can borrow up to 80% of your property's value.
  • Fees. This loan has a couple of fees to be aware of, including an annual fee to maintain the account.
  • Extra repayments and redraw. This loan lets you make unlimited extra repayments and redraw.
  • Offset account. You can put extra savings in your 100% offset account and end up paying less interest on the loan principal.

How to apply

To apply for this home loan or learn more about it, click the green button and follow the steps to speak to a mortgage specialist from ubank. They'll explain any eligibility requirements and help you get started with your application.

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2 Comments

    Default Gravatar
    Renaldo
    February 8, 2023

    how much is the annual ongoing fees ?

    Reply
      AvatarFinder
      Richard
      February 21, 2023

      Hi Renaldo,

      It’s currently $250 a year for this loan.

      Kind regards,
      Richard

      Reply
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