The UBank UHomeLoan Fixed Rate can give you the security of knowing your interest rate won't change.
One of the benefits of fixing in your interest rate is the certainty that your repayments can’t increase throughout the fixed term. This could be ideal for anyone who wants predictable repayments for a safe family budget. It could also be great for investors who want a level of assurance that their investment loan costs are fixed.
UBank offers a range of fixed rates for different terms, and is backed by the National Australia Bank (NAB), one of Australia's Big Four banks.
Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.
About this loan
What are the features and benefits of the UBank UHomeLoan Fixed Rate?
The UBank UHomeLoan Fixed Rate loan is suitable for refinancing and new purchases. This means if you're currently paying a higher rate of interest with another lender, you could save money by refinancing with UBank. You'll reduce the amount of interest you pay on your mortgage, slashing your monthly repayments.
Split loan options. You're able to split your loan so that a portion of it is set at the fixed rate, while the remaining portion stays on a variable rate. UBank will allow up to 4 account splits, which can be great for people wanting to separate payment or accounting arrangements for investment or personal uses.
Maximum loan-to-value ratio of 80%. The minimum loan amount available is $100,000. The maximum loan amount is capped at $2,000,000.
Repayment flexibility. Repayments can be made weekly, fortnightly or monthly. Making more regular repayments saves you more money in interest, and can better suit how you're paid.
Fees may apply. Keep in mind that break fees may apply if you pay off your fixed rate home loan early. This may include selling the property or refinancing your loan over to another lender before the end of the fixed term. If you know you're likely to sell your home within that time, you may benefit by choosing a shorter fixed rate term or remaining on a variable rate so you can avoid break fees.
Accessibility. You can access your home loan account at any time using UBank's secure online banking portal. You can log in and view your statements, as well as see any payments you've made and interest amounts charged. You can also change your payment frequency via your online banking account.
Note: There is no redraw facility available on a fixed rate home loan with UBank. The redraw feature is only available on variable rate home loans, so if you wish to use this facility you may need to think about splitting your loan.
How to apply
If you would like to apply for this loan, please click "Go to site" to be safely redirected to the application page. The online application form is secure so your information is always kept completely confidential. You must be over 18 years of age at the time you apply, and you need to be a permanent resident of Australia. If you're currently an American resident, UBank advises that you get in touch with it directly to start an application.
Eligibility
You have an Australian residential address.
You're currently receiving PAYG income from an employer as your primary source of income. Please note that rental income, unemployment benefits, superannuation, pension and family payments are not considered as a primary source of income.
You have never been declared bankrupt and you've never committed a financial crime.
You will need to provide
Your mobile phone number and email address. If you're opening a joint application, both applicants will need to have different email addresses.
If you intend to refinance, a recent home loan statement.
Details about your income, assets and expenditures.
You can track your application process online to see whether your application is being assessed, whether further information is required or if it has moved on to the approval stage.
We do not lend to borrowers at Finder. We just provide information to help readers make decisions. You need to contact a lender directly to ask about the specific details of a loan application.
Yes. UBank offer refinancing on investment loans and you can choose between a variable or fixed rate home loan. Click the Go to site icon when you’re ready to apply.
The LVRs may vary based on the security offered. To confirm the maximum LVR UBank can offer you, we suggest that you check with them directly. You may call them on
13 30 80, available from 8am-8pm Monday-Friday and 8am-6pm Saturday & Sunday (AEDT).
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
February 2, 2022
Hi I want to find out more about investment property fixed interest loan
February 17, 2022
Hi Estelle,
To review a number of options for investment home loans, you can visit our guide about investment loans.
Cheers
Sarah
January 11, 2022
there are three individuals to the loan….do you cater for 3 borrowers?
January 12, 2022
Hi Peter,
We do not lend to borrowers at Finder. We just provide information to help readers make decisions. You need to contact a lender directly to ask about the specific details of a loan application.
Kind regards,
Richard
December 14, 2021
I would like to talk to someone about refinancing options and taking out a second loan for a second property using equity in the first
October 21, 2021
Do you refinance investment loans
October 22, 2021
Hi LS,
Yes. UBank offer refinancing on investment loans and you can choose between a variable or fixed rate home loan. Click the Go to site icon when you’re ready to apply.
Hope this helps!
Cheers,
Sarah
September 28, 2021
Please max lvr avail for SMSF residential property investment?
October 6, 2021
Hi Patrick,
The LVRs may vary based on the security offered. To confirm the maximum LVR UBank can offer you, we suggest that you check with them directly. You may call them on
13 30 80, available from 8am-8pm Monday-Friday and 8am-6pm Saturday & Sunday (AEDT).
I hope this helps!
Cheers,
Richard