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    We’ve compiled just what you need to make an informed decision about your home loan.

01

Home loan calculators

Explore how the numbers add up

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Number of Applicants

Applicant 1 Income

Applicant 2 Income

Combined

Expenses

Combined Expenses

Note: please consider if this figure reflects your circumstances. The more accurate you are, the more accurate we can be.
Minimum potential credit card repayments: {{fields.totalCreditCardLimits * DEFAULTS.CREDIT_CARD_MINIMUM_FACTOR | currency : '$' : 0}}

You could potentially borrow up to:

{{results.borrowAmount | currency : '$' : 0}}

With repayments of:

{{results.repayments[OPTIONS.REPAYMENT_FREQUENCIES[fields.repaymentFrequency].single] | currency : '$' : 0}} / per
And a variable rate (with discount) at {{variableRate}}% p.a.
Loan term is {{DEFAULTS.LOAN_TERM}} years.

Affordability

Borrowing power calculator information
Borrowing power amount is a guide only. It is based on a Variable Rate UHomeLoan (Owner Occupier) with Principal and Interest Repayments, and doesn't take into account your individual circumstances. Rates and repayments are indicative only and subject to change. If you proceed with a home loan application we'll ask you to provide further details of your living expenses.

Borrowing power calculator information

The maximum loan amount is an estimate only, based on the income and expenses entered.

It doesn't take into account loan eligibility criteria or your complete financial position.

We have also made a number of assumptions when calculating your borrowing power. Those assumptions affect how reliable the borrowing power amount is. Our main assumptions are set out below.

Your income

  • We use a monthly income amount in our calculations. Any amounts which are not entered as a monthly figure are converted into a monthly amount on the assumption that there are exactly 52 weeks, or 26 fortnights, in a year. This may slightly overstate your income.
  • We use a net income amount in our calculations. To convert a before tax (gross) amount into an approximate after tax (net) amount, we use the online calculators provided by the Australian Tax Office. These do not take into account all levies (such as the Medicare levy), or any deductions or tax strategies you have.
  • At our discretion, we may not take all of your income into account when calculating your borrowing power. This may occur, for example, with income like overtime which may not be consistently earned.

Your expenses

  • If you have elected to use "Basic Australian Annual Expenses", that you are satisfied that this figure is indicative of your actual expenses. Note: Basic Australian Annual Expenses is sourced from the Melbourne Institute (see www.melbourneinstitute.com). It does not allow much for discretionary spending (the 'nice to haves'). Many people have expenses higher than this basic amount. Understating your expenses will generally result in your borrowing power amount being overstated.
  • We will also include a repayment buffer in relation to any repayments you make in relation to any existing loan/s you have. This allows us to factor in, to some degree, the effect of those repayments going up if interest rates increase.

Interest Rates

  • We have used our current interest rate for a Variable Rate UHomeLoan – Owner Occupier with Principal and Interest Repayments, inclusive of any currently available discount offer. For more info about our current rates and discount offers, see ubank.com.au. Rates and offers are subject to change. Note: This may not be the rate that is relevant to you or the loan you want. If a different rate applies to you, this is likely to affect your borrowing power.
  • We may also include interest rate buffers in our calculations. This allows us to factor in, to a degree, the effect of interest rate increases when working out how much you may be able to afford.

Repayments

Repayments are indicative only. When calculating repayments we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include:

  • That you will make principal and interest repayments over a 30 year loan term.
  • That the interest rate displayed will not change and will apply for the full 30 year loan term. We do this as we can't predict what rates will do in the future. You should, however, remember that variable rates can change at any time, that any fixed rate shown is today's rate may not be the fixed rate that applies to your loan and that fixed rates only apply for a limited period (after which a variable rate applies).
  • That repayments are made monthly (even though you may choose to make repayments more frequently);
  • That your annual interest charge is divided equally over 12 monthly payments (in reality, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).
  • That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).
  • We have rounded some amounts to the nearest cent when calculating your indicative repayments.

Fees and Charges

We have not taken into account any fees or charges.

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Mandatory fields*

First name is required

First name is too short

First name contains invalid characters

Last name is required

Last name is too short

Last name contains invalid characters

Contact number is required

Contact number must be 10 digit numbers

Contact number must be 10 digit numbers

Contact number contains invalid characters

Email address is required

Email address is invalid

Email address is too short

The preferred time field is required.

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Mandatory fields*

First name is required

First name is too short

First name contains invalid characters

Last name is required

Last name is too short

Last name contains invalid characters

Email address is required

Email address is invalid

Email address is too short

Contact number is required

Contact number must be 10 digit numbers

Contact number must be 10 digit numbers

Contact number contains invalid characters

Your repayments:

Initially paying interest only principal & interest of

{{results.ubank.phases[0].repayment | currency : '$' : 0}} / per Based on an initial rate of {{results.ubank.phases[0].rate * 100 | precision : 2}}% p.a.
Loan term is {{fields.loanTerm}} years.

Estimated total loan repayments:

{{results.ubank.summary.total_paid | currency : '$' : 0}}

Estimated total interest payable:

{{results.ubank.summary.total_interest | currency : '$' : 0}}

Loan amount:

The loan to value ratio is more than 80%. You may be liable to pay LMI
{{fields.loanAmount | currency : '$' : 0}}
{{fields.loanAmount | currency : '$' : 0}}

{{(limitedLVR > 80 && !(limitedLVR > 100)) ? limitedLVR : 80}}%

Property price

{{fields.propertyPrice | currency : '$' : 0}}

Loan breakdown:

Loan year Years {{results.ubank.phases[0].yearsFrom}}-{{results.ubank.phases[0].yearsTo}} Years {{results.ubank.phases[1].yearsFrom}}-{{results.ubank.phases[1].yearsTo}}
{{OPTIONS.REPAYMENT_FREQUENCIES[fields.repaymentFrequency].label}} repayments {{results.ubank.phases[0].repayment | currency : '$' : 0}} {{results.ubank.phases[1].repayment | currency : '$' : 0}}
Interest rate {{results.ubank.phases[0].rate * 100 | precision : 2}}% {{results.ubank.phases[1].rate * 100 | precision : 2}}%
Rate type {{results.ubank.phases[0].type}} {{results.ubank.phases[1].type}}
Loan repayments calculator information
Rates, repayments and interest charges are indicative only and subject to change.

A Key Facts Sheet can help you compare Home Loans with Principal and Interest Repayments. To generate a Key Facts Sheet for a UHomeLoan simply fill in this repayment calculator and click on the link above.

Please note: UBank variable rate will be applied in these calculations for the remaining term of the interest only or fixed term period and may not reflect the true comparison of your current loan or interest rate that you have input.

Repayments calculator information

Repayments are indicative only. When calculating repayments we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include:

Loan amount

The loan amount is the amount entered / confirmed by you.

Warning: if the loan amount shown is carried forward by the borrowing power calculator, be aware that any changes you make to the loan option selected (including interest rate, repayment type or loan purpose) is likely to affect whether that borrowing power amount remains relevant. For example, if you change the loan options so that a higher interest rate is used, your borrowing power is likely to be less. This calculator will not reassess the borrowing power amount for you.

Interest rates

  • That the interest rate displayed will be the rate that applies to your loan. As rates are subject to change (even if you choose a fixed rate, the rate that is current today may not be the rate that applies to your loan), and different rates may apply depending on the home loan options selected, this may not be the case.
  • That any variable interest rate displayed will not change during the term of your loan (up to 30 years). We do this as we can’t predict what rates will do in the future.
  • That at the end of any fixed rate period, a variable rate will apply.

Interest and Repayment cycles

  • That repayments are made monthly. If you have chosen to view a weekly or fortnightly repayment amount, we have taken the monthly amount, multiplied it by 12 and then divided it by 26 (for a fortnightly amount) or 52 (for a weekly amount). As there are not exactly 26 fortnights, or 52 weeks, in a year, this is not a precise conversion.
  • That your annual interest charge is divided equally over 12 monthly payments (in reality, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).
  • That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).

Other

  • At the end of any interest only period, principal and interest repayments will be required.
  • We have not taken into account any fees or charges.

We have rounded some amounts to the nearest cent when calculating your indicative repayments.

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Mandatory fields*

First name is required

First name is too short

First name contains invalid characters

Last name is required

Last name is too short

Last name contains invalid characters

Contact number is required

Contact number must be 10 digit numbers

Contact number must be 10 digit numbers

Contact number contains invalid characters

Email address is required

Email address is invalid

Email address is too short

The preferred time field is required.
Sorry your request could not be actioned. Please give us a call on 13 13 80 to discuss you home loan enquiry.

Email me my calculations

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Close
Mandatory fields*

First name is required

First name is too short

First name contains invalid characters

Last name is required

Last name is too short

Last name contains invalid characters

Email address is required

Email address is invalid

Email address is too short

Contact number is required

Contact number must be 10 digit numbers

Contact number must be 10 digit numbers

Contact number contains invalid characters

Sorry your request could not be actioned. Please give us a call on 13 13 80 to discuss you home loan enquiry.

Compare your current loan with a UBank Home loan & see how much you could save.

Property Use

Paying Off

Current loan

Rate
{{fields.interestRate | precision : 2}}%
Repayments
{{results.current.repayments[OPTIONS.REPAYMENT_FREQUENCIES[fields.repaymentFrequency].label] | currency : '$' : 0}} / {{OPTIONS.REPAYMENT_FREQUENCIES[fields.repaymentFrequency].short}}
Rate
{{VALUES.results.COMPARE.ubankRate | precision : 2}}%
Repayments
{{results.ubank.repayments[OPTIONS.REPAYMENT_FREQUENCIES[fields.repaymentFrequency].label] | currency : '$' : 0}} / {{OPTIONS.REPAYMENT_FREQUENCIES[fields.repaymentFrequency].short}}
You could be paying You are saving
{{VALUES.results.COMPARE[OPTIONS.REPAYMENT_FREQUENCIES[fields.repaymentFrequency].label] | absolute | currency : '$' : 0}} / less per {{OPTIONS.REPAYMENT_FREQUENCIES[fields.repaymentFrequency].short}}
Over a {{DEFAULTS.LOAN_TERM}} yr term
Loan comparison calculator information
Rates are indicative and subject to change. For more info, see the loan comparison calculator information above.
Important: Savings are a guide only. They reflect the difference between the estimated initial repayment amounts for each loan based on each loan having a new 30 year term. Note: The repayment amount shown for your current loan is unlikely to be the amount you are currently paying. To compare loans, and to remove the effect of different loan terms, we have recalculated an initial repayment amount for your current loan, using the rate and loan amount you have input, but based on a new 30 year term. The estimated repayments and savings amount are likely to change if (amongst other things) any of the following change: interest rates, repayment type, repayment frequency and loan balance. 

Compare calculator information

Important: savings calculations are "payment" or "cashflow" savings. It reflects the difference between the estimated amount/s you would be required to pay each month/fortnight/week under each loan until something about your loan changes which affects your repayment amount. This could include the interest rate, repayment type, repayment frequency and loan balance. Because these things affect your repayments, the savings shown are unlikely to apply for the life of your loan.

Repayment amounts

Repayments for each loan are indicative only. When calculating repayments we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include:

Loan amount

The loan amount is the amount entered / confirmed by you.

Loan term

For each loan, the loan amount is to be repaid over a new 30 year term. This is important to understand in relation to your current loan as we are not using the actual term remaining on your loan: we are comparing a new 30 year loan on your current rate, and a new 30 year loan with UBank.

Interest rates

That the interest rates displayed are accurate for, and will apply to, the loans being compared, and that those rates will not change during the term of those loans. We do this as we can't predict what rates will do in the future. Remember that rates do change. Today's rates (variable or fixed) may not be the rates that end up applying to your loan, and for most people, a variable rate will apply for at least part of the loan term.

Interest and Repayment cycles

  • That repayments are made monthly. If you have chosen to view a weekly or fortnightly repayment amount, we have taken the monthly amount, multiplied it by 12 and then divided it by 26 (for a fortnightly amount) or 52 (for a weekly amount). As there are not exactly 26 fortnights, or 52 weeks, in a year, this is not a precise conversion.
  • That your annual interest charge is divided equally over 12 monthly payments (in reality, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).
  • That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).

Other

  • At the end of any interest only period, principal and interest repayments will be required.
  • We have not taken into account any fees or charges.
  • We have rounded some amounts to the nearest cent when calculating your indicative repayments.
  • Each loan has a new 30 year term.

Request a call

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Mandatory fields*

First name is required

First name is too short

First name contains invalid characters

Last name is required

Last name is too short

Last name contains invalid characters

Contact number is required

Contact number must be 10 digit numbers

Contact number must be 10 digit numbers

Contact number contains invalid characters

Email address is required

Email address is invalid

Email address is too short

The preferred time field is required.
Sorry your request could not be actioned. Please give us a call on 13 13 80 to discuss you home loan enquiry.

Email me my calculations

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Close
Mandatory fields*

First name is required

Name is too short

Name contains invalid characters

Last name is required

Last name is too short

Last name contains invalid characters

Email address is required

Email address is invalid

Email address is too short

Contact number is required

Contact number must be 10 digit numbers

Contact number must be 10 digit numbers

Contact number contains invalid characters

Sorry your request could not be actioned. Please give us a call on 13 13 80 to discuss you home loan enquiry.

Loan Purpose

First Home buyers

Your estimated upfront costs:

{{results.costs.total | currency : '$' : 0}}
{{results.costs.stampDuty | currency : '$' : 0}}
{{results.costs.transferFee | currency : '$' : 0}}
{{results.costs.mortgageRegistrationFee | currency : '$' : 0}}
Upfront costs calculator information

This is an estimate of the upfront government fees and charges that may apply. It does not include any concessions or additional duty / surcharges that may apply given your individual circumstances. You should confirm the amount payable with the relevant government body. Please also note that if you take out a Fixed Rate UHomeLoan, an upfront fee of $395 is payable to lock in the rate.

For more information, please contact your local State or Territorial Revenue Office:

ACT (02) 6207 0028 | QLD 1300 300 734 | NSW (02) 9689 6200 | TAS (03) 6166 4400 | NT (02) 8999 7406 | VIC 132 161 | SA (08) 8226 3750 | WA (08) 9262 1400

Upfront costs calculator information

The purpose of this calculator is to assist you in estimating the upfront costs associated with your loan. It should be used solely for the purpose of providing you with an indication of the upfront costs you may incur, so you can include an estimate for these amounts into your savings plan.

We have made a number of assumptions when producing the calculations. Our main assumptions are set out below:

  • Estimated results: The stamp duty, mortgage registration fee and transfer fee costs are government costs and are calculated in accordance with the State Revenue Office requirements of the State you entered and may change from time to time. Whether you are a first home buyer and your use of the property will also change the amount indicated. You should refer to the relevant State Revenue Office for further information.
  • Set up costs:
    • The calculations only include government registration costs and stamp duty on the transfer of land for the purchase price you enter and on one real property mortgage. The calculations don’t include the registration costs for discharges of mortgage or for additional mortgages.
    • We have not been able to include all the possible set up costs that you may have to pay such as lenders mortgage insurance, lender’s fees, every government fee, conveyancing costs and moving costs as these change based on individual circumstances. However, we have provided space for you to add extra costs where you are aware of them.
    • Be aware that you may have additional costs based on your home buying scenario but this calculator should allow you to calculate the main government charges. You should also estimate an amount for lenders mortgage insurance and add this to your budget if you believe it will apply to you.

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Mandatory fields*

First name is required

First name is too short

First name contains invalid characters

Last name is required

Last name is too short

Last name contains invalid characters

Contact number is required

Contact number must be 10 digit numbers

Contact number must be 10 digit numbers

Contact number contains invalid characters

Email address is required

Email address is invalid

Email address is too short

The preferred time field is required.
Sorry your request could not be actioned. Please give us a call on 13 13 80 to discuss you home loan enquiry.

Email me my calculations

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Close
Mandatory fields*

First name is required

First name is too short

First name contains invalid characters

Last name is required

Last name is too short

Last name contains invalid characters

Email address is required

Email address is invalid

Email address is too short

Contact number is required

Contact number must be 10 digit numbers

Contact number must be 10 digit numbers

Contact number contains invalid characters

Sorry your request could not be actioned. Please give us a call on 13 13 80 to discuss you home loan enquiry.

02

Forms

You’ll find the forms you need right here.

Australia Post form

Should you be asked to complete this form, you will need to take it to your local Australia Post Office with your identification documents.

If applying for a home loan, please login to your Application Tracker via My Money and download the form from there. It has already been populated with some of your details and will save you time.

Change personal details form

Fill out this form for changes to your name or date of birth.

Direct debit request form

If you need to change the direct debit account for your UHomeLoan, complete this form. You’ll need to ensure all parties to the UHomeLoan have signed.

Employment verification consent form

This form is to verify your employment as part of the UHomeLoan application. It will need to be completed by your Human Resources Department or Direct Manager.

Fixed rate conversion authority form

You’ll need to complete this form if you wish to change all, or part, of your loan from variable to fixed.

Nomination form

This form allows you to nominate one person to receive correspondence on behalf of any other borrower/guarantor.

Personal access form

If you’d like access to your personal information held by UBank, fill out this form.

UHomeLoan conversion form (loan to remain variable)

Complete this form if you would like to change the repayment options for your variable rate loan.

UHomeLoan credit guide

This credit guide gives you important information about the credit assistance we provide for a UHomeLoan.

UHomeLoan fixed rate break cost acknowledgement

Complete this form if you:

  • change all, or some, of your loan from fixed to variable
  • would like to make a one-off payment to your fixed loan

UrHome property app

We’ve developed an app that is bound to be your most valuable property searching tool.

UBank UrHome property app on mobile

   

Compare properties and make the right choice based on your needs and situation, using estimated values, affordability, personal ratings and improvement costs.

And it’s 100% free to download.
 

Need more information?

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