Our 3-Year fixed rate for owner occupiers paying principal and interest reduces today by 0.10 per cent per annum

UBank has today announced the lowering of our 3-year fixed home loan rate for Owner Occupiers paying Principal & Interest by 0.10 per cent per annum. 

Effective Friday 3 September:

  • Our UHomeLoan 3-year fixed rate for Owner Occupiers (P&I) up to 80% LVR, will decrease by 0.10% p.a. to 1.85% (comparison rate 2.24% p.a.*)
  • Our UHomeLoan 3-year fixed rate for Owner Occupiers (P&I) up to 85% LVR, will decrease by 0.10% p.a. to 2.05% (comparison rate 2.41% p.a.*) with no requirement for LMI.

In August, UBank also announced the lowering of its variable interest rate for new investors paying principal and interest by 0.19 per cent per annum (LVR up to 80%).

UBank CEO, Philippa Watson said: “We regularly review our home loan rates to ensure we’re offering great value to our customers. Today we’re pleased to be reducing some of our already sharp fixed rates, to market-leading lows.”

Who will get the new rates?

These changes will apply to customers who are applying for these fixed rates, or switching to them, on or after Friday September 3rd, 2021. This includes applicants who settle from this date onward, even if they have rate locked at a higher rate. 


About UBank

UBank was launched in 2008 as an Australian fintech providing simpler, better and smarter banking for its customers online and over the phone. In 2021, UBank announced it will join with neobank 86 400 to deliver smart, digital banking solutions that help more Australians take control of their money. UBank is a division of NAB and currently offers a range of products including competitive home loans, online savings and transaction accounts.

© National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.

*The comparison rate is based on a secured loan of $150,000 over a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. 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.

Terms and conditions, fees and charges, credit criteria apply to all UBank’s home loan products and are available on application.

Credit is provided by AFSH Nominees Pty Ltd Australian Credit Licence 391192. UBank is the mortgage manager for UHomeLoan products.