UBank’s one year UHomeLoan (Fixed) rate offer for owner occupiers has remained steady at 2.99% (3.86% comparison rate*), but this is perhaps unsurprising given that it was cut by 0.60% last month following the RBA’s June rate cut.
UBank UHomeLoan (Fixed) owner occupier rate changes
The latest changes mean that UBank are now offering some of the most competitive fixed rates for owner occupiers in the Mozo database.
In fact, as of the time of writing, the UHomeLoan (Fixed) deal is now offering the second lowest rate in the Mozo database for 1 year and 3 year terms, while the 5 year term rate is now the lowest in the database.
RELATED: These 6 home loan lenders passed on the full RBA cut twice
Investors looking to temporarily lock in a rate may also be happy with the latest changes as UBank reduced select fixed rates for investors by between 0.25% and 0.50%.
UBank UHomeLoan (Fixed) rates for investors making principal and interest repayments now sit at 3.14% (4.32% comparison rate*) for 1 year terms, 3.14% (4.03% comparison rate*) for 3 year terms and 3.49% (4.00% comparison rate*) for 5 year terms.
Ready to lock in a fixed rate for yourself? Check out our UBank UHomeLoan (Fixed) review for all the features and fees you’ll want to know about, or head over to Mozo’s Fixed Rate Home Loan Comparison Hub for even more options.