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Ubank Neat Variable Home Loan

With competitive interest rates for home buyers and investors, this variable rate loan offers flexibility and affordability from a digital lender.

With unlimited extra repayments, the Neat Variable home loan from ubank offers both competitive interest rates and the flexibility to repay your home loan faster. Interest rates are lower for those with bigger deposits, and the loan is available for both home buyers and investors, with the choice to make interest-only repayments for a set period.

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Review by

Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

This variable rate loan has a number of flexible features designed for borrowers who are focused on keeping costs as low as possible and repaying their home loan sooner. It offers competitive rates, with rates dropping further for those with a larger deposit (a 40% deposit or more gets you the cheapest rate) and there are no ongoing fees.

About this loan

What are the features and benefits of the UBank Neat Variable home loan?

  • Accessible. The ubank Neat Variable home loan is available for both owner-occupiers (home buyers) and property investors. It has different rates for each. Borrowers can also choose interest-only repayments.
  • Loan-to-value ratio. You can borrow up to 85% of your property's value.
  • Features. This loan lets you make unlimited extra repayments, allowing you to funnel money into the loan to pay it off sooner. It also has a redraw facility, so you can access those extra repayments if needed.
  • Fees. The loan has an application fee, but there are no annual and ongoing fees.

How to apply

If you'd like to apply for this home loan or just get more information, click the green button and follow the application process to speak to an ubank mortgage specialist.

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  1. Default Gravatar
    May 22, 2022

    Can this be used in refinancing a property currently in construction after knockdown?

    • Avatarfinder Customer Care
      May 25, 2022

      Hello Madu,

      Looking at Ubank’s application checklist it specifically mentions that the property must be “fully constructed.” So that means you cannot use the loan for this purpose.

      You may be better off talking to a mortgage broker in your situation.

      All the best,

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