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  • UHomeLoan
    from 2.49% p.a.[01]
    Owner-occupier P&I loans

    from 2.49% p.a.[01]
    Owner-occupier P&I loans

    Our lowest ever variable rate home loan

    [01] Variable & comparison rate. The advertised variable rates apply for new customers. Includes discount offer.



Why choose UBank for your home loan?

No ongoing

$0 no fees

There are no ongoing or annual fees to pay and no application fees on a variable rate home loan.

Note: A one-off fee of $395 applies on a fixed rate home loan to lock in the advertised rate (as at loan approval) for a period of time. More on fees and charges.

Local support ready to help

High support

Start your application online. The first step could take as little as 15 minutes. Our local home loan experts are here to help you every step of the way.

Discounts for

Discounts for loyalty

A 0.10% p.a. loyalty discount off the standard variable rate may be applied once you’ve held your home loan for 3 consecutive years or following the fixed rate expiry, whichever is greater.

Note: This is not available in conjunction with any other rate discount offer.

Flexible &

Flexible and convenient home loans

A UBank home loan keeps you in control with an online application tracker and, on a variable rate loan, offers the flexibility of an unlimited number of redraws.



Our rates are highly competitive.

Tell us your loan details, we'll show you the repayments on our competitive products.

Alternatively, see our rates table below:

  • Variable rates (P&I) Rate P.A. Comparison rate P.A. Est. costs
    Discounted Rate  2.49%
    Variable rates (IO)      
    Discounted Rate  3.03%
    Fixed rates (P&I)      
    1 Year Fixed 2.14% 2.46% $0
    3 Year Fixed 2.14% 2.41% $0
    5 Year Fixed 2.59% 2.53% $0
    Fixed rates (IO)      
    1 Year Fixed 2.29% 2.47% $0
    3 Year Fixed 2.29% 2.44% $0
    5 Year Fixed 2.74% 2.59% $0
  • Variable rates Rate P.A. Comparison rate P.A. Est. costs
    Discounted Rate
    for P&I loans 
    2.89% 2.89% $0
    Discounted Rate
    for IO loans 
    Fixed rates (P&I) Rate P.A. Comparison rate P.A. Est. costs
    1 Year Fixed 2.29% 2.84% $0
    3 Year Fixed 2.29% 2.74% $0
    5 Year Fixed 2.74% 2.83% $0
    Fixed rates (IO) Rate P.A. Comparison rate P.A. Est. costs
    1 Year Fixed 2.44% 2.85% $0
    3 Year Fixed 2.44% 2.78% $0
    5 Year Fixed 2.89% 2.89% $0

P&I = Principal and Interest
IO = Interest Only

The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given & may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Govt charges may apply.

Money Magazine Cheapest Three-Year Fixed Home Loan Bank 2019

Money Magazine
Best of the Best 2019

Cheapest Three-Year Fixed
Home Loan Bank

UBank awarded Mozo Experts Choice 2018

Experts Choice 2018

Investor Home Loan 
Investor Fixed Home Loan

CANSTAR Bank of The Year 2018 - UBank

Bank of the year 2018
Fixed rate home loan

Outstanding Value 2017
Investor Variable Home Loan
Owner Occupied Variable Home Loan



Is a variable or fixed rate right for you?

Variable rate

Comparison Content left side

Gives you flexibility. You can easily make extra payments, redraw surplus funds and make changes to your home loan.

Fixed rate

Comparison Content right side

Gives you interest rate and repayment certainty for 1, 3 or 5 years.

No application fees

A fee of $395 is payable to guard against any rate increases before settlement.

Flexible repayment options

Weekly, fortnightly or monthly

Weekly, fortnightly or monthly

Loan term

30 years

30 years

Split loans

You can split your UHomeLoan up to 4 times with a minimum split of $20,000.

You can split your UHomeLoan up to 4 times with a minimum split of $20,000.


Easily access extra cash if you’re already ahead of your scheduled repayments.

Not available.

Additional repayments


Break costs may apply if you repay all, or any part, of your loan early.

Max loan to property value

Up to 80%

Up to 80%

Loan size

Minimum of $100,000

Minimum of $100,000


Not available.

Not available.


Application fees on variable rate

a $395 rate lock fee applies to fixed rate loans


Ongoing fees


Annual fees


Easy online apply

Designed for your ease and convenience

01 Start

Step 1 - Start home loan application

Start your application with our easy step-by-step form on computer, tablet or mobile.

02 Approval in principle

Step 2 - Approval in principle

We’ll call you to go through your application and confirm eligibility for the next stage.

03 Assessment & valuation

Step 3 - Assessment and valuation

Upload your documents online for verification. We’ll arrange a property valuation and have one final look at your application to make sure it all stacks up.

04 Formal

Step 4 - Formal approval

Once approval is confirmed, we’ll send you the Contract Pack to read and sign.



Here’s what our customers have to say.

Great Service markemark24

Flawless process and great service! So happy I moved to a bank that looks after their customers!

UBank variable home loan is THE BEST Singh, QLD

I have taken my 2nd home loan with UBank. I must say that customer service provided to me was great. UBank representative who dealt with me was the best person I have dealt with so far. Right from application process until after settlement she was exceptional ... Will certainly recommend UBank.

Good All Good

My experience has been a good one. A bit daunting doing a home loan over the net, but if you have all necessary records, it does flow well. I have felt that communication has been good, either by phone call or secure mail. It was a good rate and suitable for me at this time.

Quick, simple, easy apply ...

Ready to get started?

Introducing Mia: The world's first digital human in the home loan space.

Mia represents a leap forward in chatbot technology and gives a digital face to UBank’s home loan experience while aiming to create a smarter, simpler home loan application experience.

Created in partnership with FaceMe, Mia is powered by artificial intelligence (AI) and will answer the most commonly asked questions during the home loan application process.

*Now available on chrome desktop, iOS, safari desktop and Andriod.