Why our Flex variable home loan

What's a Flex variable home loan?

Whether you’re buying or refinancing, our Flex variable home loan gives you options. Get 100% interest offset across multiple Spend, Bills and Save accounts and make as many additional payments as you want at no charge. For the perfect balance of flexibility and security, you can split your Flex variable home loan with our Flex fixed home loan.

What’s in it for you

  • Offset interest
    100% interest offset

    Offset your Flex variable home loan with multiple ubank accounts

  • pay off loan faster
    Pay off your loan faster

    Make as many additional payments as you like for free

  • Digital application icon
    Apply from home

    Skip the never-ending paperwork with our simple digital application

  • Redraw freely

    It’s free to redraw additional payments when you need them

Interest rates

Our Flex variable home loan rates

The lower your LVR, the lower your rate.

VariablePrincipal and interest (P&I)

Flex Owner occupied variable P&I home loan rates
Loan to value ratio (LVR)Interest rate p.a.Comparison rate p.a.1
Up to 60%
6.19%
6.43%
Up to 70%
6.24%
6.48%
Up to 80%
6.24%
6.48%
Up to 85%
6.74%
6.97%
Flex standard variable rate
Standard base rate referenced in our loan contracts
8.15%
8.37%

VariableInterest only (IO)

Flex Owner occupied variable IO home loan rates
Loan to value ratio (LVR)Interest rate p.a.Comparison rate p.a.1
Up to 60%
6.69%
6.63%
Up to 70%
6.74%
6.68%
Up to 80%
6.74%
6.68%
Flex Standard Variable Interest Only Rate
Standard base rate referenced in our loan contracts
8.75%
8.64%

Fees

Here's what you'll pay

These are the fees you’ll pay with our Flex variable home loan. Depending on how you use your loan, you may have to pay other fees and charges.

Neat variable rate home loan fees
FeesCharges
Loan advance fee
To prepare your loan documents and arrange settlement of the loan.
$250
Valuation fee
We’ll cover the first valuation up to $360.
Free
up to $360
Annual fee
To manage accounts and any changes across up to 5 Flex split loans.
$250 per year
Discharge fee
To discharge your property at your request.
$300 per property

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See how this loan compares

Home loans comparison table
Neat variable
Take it back to basics with no annual fee and low variable rates
Flex variable
Pay off your loan faster with 100% interest offset on your linked ubank accounts
Flex fixed
Lock in your rate for up to 5 years and budget with confidence
Redraw
Take back any additional payments at no extra cost
up to $20K during fixed term
Additional payments
Pay back more than your minimum repayments for free
up to $20K during fixed term
Split option
You can split your loan with a fixed rate and a variable rate
Offset account(s)
Reduce the amount of interest you pay each month with multiple offset accounts
Annual fee
To manage accounts and any changes across up to 5 Flex split loans
$0
$250 p.a.
$250 p.a.

Compare all our interest rates and fees

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