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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.
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.
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.
2 Comments
May 22, 2022
Can this be used in refinancing a property currently in construction after knockdown?
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,
Richard