Skip to Content
  • Manage your home loan

    A UHomeLoan gives you options. Make your loan work for you.

01

Manage your home loan

When you have a UBank Home Loan you have flexibility.

‘My UHomeLoan’ is the online banking tool for managing your UBank home loan.

To access the system, you’ll need your Loan ID (included in the Welcome Pack sent to you after your loan settled) and PIN (posted to you shortly after the Welcome Pack). Then, simply log in via this link and click on the MANAGE UHOMELOAN button.

If you lose or forget your Loan ID or PIN, call us on 13 30 80

In My UHomeLoan, you’ll be able to:

  • View your account details
  • Check your balance and interest rate
  • Change your repayment frequency and amount
  • Make a one-off payment in addition to your regular repayments
  • View recent transactions and download statements
  • Redraw funds, if available
  • Get BPAY® and loan account details to transfer money into your home loan
  • Transfer money between loan splits, if they are for the same property
  • Change your PIN 

You’ll need to complete a form if you’d like to:

  • Increase (‘top up’) your loan, extend your interest only term, convert to interest only repayments, or change the property that your loan is secured on (security substitution). Simply download and complete this form and email it to loanvariations@ubank.com.au

  • Change the direct debit bank account for your home loan repayments. Simply download and complete this form and email it to customercare@advantedge.com.au

  • Change your repayment type to principal and interest, reduce your interest only term, split or consolidate splits for a Variable rate UBank Home Loan. Simply download and complete this form and email it to ubank@ubank.com.au

  • Change all, or part of, your loan from Variable to Fixed. Simply download and complete this form and email it to ubank@ubank.com.au

You will need to call us on 13 30 80 if you wish to:

  • Change your repayment date
  • Recalculate your minimum repayments
  • Transfer $20K or more from another UBank account held in your name
  • Decrease your loan facility
  • Request a pay-out figure
  • Add or remove a borrower
  • Change your address (note: both borrowers on a joint loan are required to call)
  • Request a new PIN

02

Managing your repayments

How to repay your UBank Home Loan

Making repayments

The easiest way to manage your loan repayments is by direct debit from a linked account. That way, payments happen automatically and on time.

You would have nominated an account to link to your UBank Home Loan when completing the loan contract, so this will be set up for you automatically in My UHomeLoan. The hard work is done!

There are a range of other repayment options to choose from if this method doesn’t suit you, but we’ll still need you to have a direct debit set up should your circumstances change. 

  • When you open your account we’ll give you your BSB and Account Number.

    You can then transfer funds from your chosen bank account to your UBank Home Loan. Please check with your bank first as restrictions may apply.

    How to change the Direct Debit account linked to your UBank Home Loan

    Simply complete the Direct Debit Request form and return it to us. Too easy!

    Be sure to nominate a bank account that allows direct debits such as USaver Ultra. USaver savings accounts can’t be linked to your UBank Home Loan account.

  • Transfer funds electronically using the BPAY® Biller Code and Reference Number specific to your UBank Home Loan. You can find this enclosed in your Welcome pack and online in My UHomeLoan.

  • You can make repayments by having your salary credited to your UBank Home Loan.

    Provide your UHomeLoan BSB and account number to your employer and make sure your salary goes into the account at least two business days before your repayment is due.

    If you’d like your salary to offset your repayments, please give us a call.

Change your loan repayments

If you are making principal and interest repayments on your variable or fixed[01] UBank Home Loan, changing the frequency and amount of your ongoing repayments is quick and easy.

Log in to My UHomeLoan > Payments > Ongoing payments > Edit ongoing payment

Select the frequency of payments and your existing or new repayment value – that’s it, you’re done.

The change will take effect after the next scheduled payment.

If you wish to change the payment date, you will need to call us on 13 30 80 and we’ll get it sorted.

If you are making interest only repayments on a variable or fixed UBank Home Loan, you can only make monthly payments.

[01] Break costs may apply if you repay all, or any part, of your fixed UBank Home Loan early.

Increase your regular repayment

Paying more than the minimum repayment is a smart way to get on top of your home loan – you could save interest and reduce the life of your loan. You can easily increase the amount of your repayments at any time if you have a variable rate UBank Home Loan.

Simply call us on 13 30 80 and we’ll arrange this for you.

If you have a fixed rate loan, you may be able to increase your repayments but you could incur break costs. Please call us if you would like to discuss your options.

Make an extra repayment

If you’ve made additional repayments on your variable rate UBank Home Loan, you may have available credit that you can redraw funds from at any time, with no fees. However, note that your accumulated redraw amount available will reduce over the life of your loan to enable your loan to be repaid by the contracted final repayment date.

Redraw online by logging in to My UHomeLoan. Go to Payments > Redraw.

If you have a variable rate UBank Home Loan, you can make additional repayments of any amount at any time. It may help you pay off your loan sooner.

Important: note that if you have elected to make regular minimum repayments only and you then make additional payment(s), your minimum repayments will decrease and your contracted final repayment date will stay the same.
 

If you’ve chosen a fixed[01] rate UBank Home Loan, and your loan was formally approved on or after 28 September 2013, you can make up to $20,000 in additional repayments during the fixed term without incurring break costs. (Any more than this, and break costs may apply – call us on 13 30 80 to find out more.)

How to make an extra payment

  • Arrange a direct debit from your nominated account directly to your loan account. Log in to My UHomeLoan > Payments > ‘One off payments’
  • Direct credit / EFT from your chosen bank account to your UBank Home Loan
  • BPAY® using your Biller Code and Reference Number

Keep in mind, your next home loan repayment will continue to be debited as scheduled unless you have selected to offset your repayment. In addition, you do have the option to re-calculate your repayments to a minimum – call us on 13 30 80 for more details on these repayment options.

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

How to redraw

If you’ve made additional repayments on your variable rate UBank Home Loan, you may have available credit that you can redraw funds from at any time, with no fees. 

Redraw online by logging in to My UHomeLoan. Go to Payments > Redraw.

03

Making changes

We make it easy to make changes to your UBank Home Loan post settlement.

If you make changes to your loan during a fixed rate period, break costs may be payable, so think carefully.

 

 

  • If you have a Variable rate loan and wish to

    If you have a Fixed rate loan[01] and wish to change all, or some, of your loan from Fixed to Variable, or make a one-off payment to your Fixed rate loan, simply call us on 13 30 80 to request for the indicative fixed rate break costs.
     

    [01] Break costs may apply if you repay all, or any part, of your loan early or if you “break” your fixed rate by changing all or part of your fixed rate loan to a variable or different fixed rate.

  • Whether you’re improving your home, buying a new car or planning a family holiday … you may be able to increase the size of your existing UBank Home Loan to finance it.

    The minimum loan increase amount is $20,000 and maximum is up to 80% of the value of your property, subject to credit approval.

    To request a top up, simply fill out the Loan Variation form.

  • Fill in this Nomination form to designate one person to receive correspondence, such as 6-monthly loan statements, on behalf of any other borrower/guarantor.

04

Need more information?

Or ready to apply?