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  • UHomeLoan
    from 3.74% p.a.[01]

    Home truth: a smaller home with a lower rate, means more family fun.

    1. Variable & comparison rate for new Owner Occupier Principal & Interest loans. Includes discount offer.

01

Features

Why choose UBank for your home loan?

No ongoing
fees

$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 or over the phone and the first step could take as little as 15 minutes.

Discounts for
loyalty

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 &
convenient

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.

Variable rate home loan

Owner Occupier
variable rate
from 3.74% p.a.[01]

[01] Variable & comparison rate for new Owner Occupier Principal & Interest loans. Includes discount offer.

Investor rate home loan

Investor
variable rate
from 3.89% p.a.[02]

[02] Variable & comparison rate for new Investor Principal & Interest loans. Includes Investor Extra Offer.

Fixed rate home loan

Fixed rates from

3.99% p.a.

3-year fixed

4.08% p.a.[03]

Comparison rate

[03] 3-year fixed rate and comparison rate for new Owner Occupier Principle & Interest, or Interest Only, loans.

02

Rates

Our rates are highly competitive

  • UHomeLoan product Rate P.A. Comparison rate P.A. Est. costs Max LVR
    Standard Variable Rate with Value Offer (P&I)* 3.74% 3.74% $0 80%
    Standard Variable Rate - Interest Only Real Reward Offer (IO)**
    4.13%
    4.13%
    $0 80%
    Standard Variable Rate (P&I) 4.17% 4.10% $0 80%
    Standard Variable Rate Interest Only (IO)
    4.46%
    4.39%
    $0 80%
    1 Year Fixed (P&I) 3.69% 4.15% $395 80%
    1 Year Fixed - Interest Only (IO) 3.69% 4.15% $395 80%
    3 Year Fixed (P&I) 3.99% 4.08% $395 80%
    3 Year Fixed - Interest Only (IO) 3.99% 4.08% $395 80%
    5 Year Fixed (P&I) 4.49% 4.27% $395 80%
    5 Year Fixed - Interest Only (IO) 4.49% 4.27% $395 80%
  • UHomeLoan product Rate P.A. Comparison rate P.A. Est. costs Max LVR
    Standard Variable Rate - Investor (P&I) with Investor Extra (P&I) Offer ^ 3.89% 3.89% $0 80%
    Standard Variable Rate - Investor (IO) with Investor Extra (IO) Offer ^^
    4.24%
    4.24%
    $0 80%
    Standard Variable Rate - Investor (P&I) 4.46% 4.39% $0 80%
    Standard Variable Rate - Investor (IO)
    4.46%
    4.39%
    $0 80%
    1 Year Fixed - Investor (P&I) 3.69% 4.41% $395 80%
    1 Year Fixed - Investor (IO) 3.69% 4.41% $395 80%
    3 Year Fixed - Investor (P&I) 3.99% 4.29% $395 80%
    3 Year Fixed - Investor (IO) 3.99% 4.29% $395 80%
    5 Year Fixed - Investor (P&I) 4.49% 4.44% $395 80%
    5 Year Fixed - Investor (IO) 4.49% 4.44% $395 80%

P&I = Principal and Interest
IO = Interest Only 

* Value Offer of 0.43% p.a. off the relevant standard variable rate for new Owner Occupier, Principal & Interest loans only. (Conditions apply)

** Real Reward Offer of 0.33% p.a. off the relevant standard variable rate for new Owner Occupier loans only. (Conditions apply)

^ Investor Extra Offer (P&I) of 0.57% p.a. off the relevant standard variable rate for new Investor, Principal & Interest loans only. (Conditions apply)

^^ Investor Extra Offer (IO) of 0.22% p.a. off the relevant standard variable rate for new Investor, Interest Only loans only. (Conditions apply)

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 Best of the Best Cheapest home loan bank four years in a row

Money Magazine
Best of the Best 2016

Cheapest Home Loan Bank
4 years running
2016, 2015, 2014 & 2013

UBank awarded Mozo Experts Choice - Australia's Best Online Bank

Mozo
Experts Choice 2016

Australia's Best
Online Bank

CANSTAR Outstanding Value 2016 home loans awards - UBank

CANSTAR
Outstanding Value 2016

Investor Variable Home Loan
Investor Fixed Home Loan
Owner Occupied Variable Home Loan

The Australian
Home Loan Awards 2013

Gold Medal
Best Overall Interest Rate - UHomeLoan
Gold Medal
Best Bank Interest Rate - UHomeLoan

The Australian
Home Loan Awards 2013

Gold Medal
Best Overall Interest Rate - UHomeLoan
Gold Medal
Best Bank Interest Rate - UHomeLoan

The Australian
Home Loan Awards 2013

Gold Medal
Best Overall Interest Rate - UHomeLoan
Gold Medal
Best Bank Interest Rate - UHomeLoan

The Australian
Home Loan Awards 2013

Gold Medal
Best Overall Interest Rate - UHomeLoan
Gold Medal
Best Bank Interest Rate - UHomeLoan

03

Compare

Is a variable or fixed rate right for you?

Variable rate

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

Fixed rate

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.

Redraw

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

Not available.

Additional repayments

Unlimited

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

Min of $100,000 max of $2 million, subject to approval.

Min of $100,000 max of $2 million, subject to approval.

Offset

Not available.

Not available.

$0[01]

Application fees on variable rate

$0

Ongoing fees

$0

Annual fees

  1. a $395 rate lock fee applies to fixed rate loans.

04

Easy online apply

Designed for your ease and convenience

01 Start
application

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
approval

Step 4 - Formal approval

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

05

Reviews

Here’s what our customers have to say.

Great Service markemark24
01/03

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
02/03

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
03/03

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 ...

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