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.
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).
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.