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  • UHomeLoan
    2.55% p.a.[01]
    Variable and Comparison rate
    Investor P&I loans up to 80% LVR

    Invest for less with a low rate & no ongoing fees

    Invest for less with a low rate & no ongoing fees

    [01] Refer to ^Comparison rate warning for important info.

Explore how the numbers add up

$0

Application fees on variable rate

A $395 rate lock fee applies to fixed rate loans. This fee is waived for fixed rate loans that settle on or between 10 July 2020 and 30 September 2022. More on fees and charges.

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Ongoing fees

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Annual fees

About the application process
  • Apply

    Kick off your application in as little as 10 minutes. A home loan specialist will call you by the next business day.

  • Documents & Valuation

    We’ll need some documents to verify your situation and we’ll also do a valuation on your property.

  • Loan Assessment

    Before a loan is approved and we can make a formal offer, we need to assess your application.

  • Loan Contract

    We’ll send you a Contract Pack that contains all the legal documents we’ll need to settle your loan.

  • Settlement

    After you’ve returned all relevant documents, your settlement agent and ours will arrange for settlement.

Ready to get started?

Rate City Gold Award 2021 - Best Variable Home Loan

Rate City
Gold Award 2021

Best Variable Home Loan

Mozo Experts Choice Awards


Mozo Experts Choice


Low Cost Home Loan 2019-2021
Home Lender Bank of the Year 2020

CANSTAR Outstanding Value 2021

CANSTAR Outstanding Value


Home Lender 2020 - 2021
Fixed Home Lender 2018 - 2021
Investment Home Lender 2020 - 2021

Got questions?

How long does it take to get a loan with UBank?

Overall, the process should take between 4 and 6 weeks to complete.

However, this depends on how quickly we receive all the relevant paperwork from you and the anticipated settlement periods (as determined by your solicitor or current lender if refinancing).

Along the way we’ll send you regular email updates confirming where you’re at and the next steps.

How do I redraw from my UHomeLoan?

If you have a variable rate UHomeLoan with available credit, you can redraw funds at any time, with no fees by logging in to My UHomeLoan.

Once you’ve logged in, go to Payments > Redraw.

If you request a redraw through My UHomeLoan by 11am EST, the funds will be transferred to your nominated account within 3 business days.

What is FastRefi and how does it work?

FASTRefi® allows a refinanced home loan to be fast-tracked and completed within as little as a few days after formal loan approval.

We calculate an estimated figure that includes any known exit fees and discharge fees that your existing lender will charge, plus a safety “buffer” allowance to ensure we have enough funds to pay out your existing lender.

The estimated figure will be included within your total approved loan amount. This enables UBank to pay out your existing loan very quickly – typically within a few days after receipt of your returned signed documents.

FASTRefi® isn’t available to all applicants and we’ll confirm at assessment whether your current lender is set up to settle your loan that way.

If you’re not eligible for FASTRefi® then we’ll still be able to settle your UHomeLoan as quickly as possible.

Who owns UBank?

We are part of the National Australia Bank. We’re developed and backed by the financial strength and global capabilities of NAB – one of Australia’s most established banks.

That said, our ideas, our people, our philosophy and our brand are uniquely UBank.