UBank crowned 2020 Mozo Experts Choice Home Lender Bank of the Year

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As any home buyer or property investor may tell you, it’s hard work shopping around for the right home loan to fund your dream house. But the 2020 Mozo Experts Choice Home Loan Awards are back in town to reveal the lenders who deliver market-leading value to its customers - and coming out on top this year is UBank

UBank was crowned Mozo’s 2020 Home Lender Bank of the Year, beating 85 other providers to the title. It also bagged 2020 Mozo Experts Choice Awards across a whopping four categories: Low Cost Home Loan, Fixed Rate Home Loan, Split Home Loan and Investor Fixed Home Loan.

As part of these awards, our expert judges poured hours into analysing over 400 home loans to determine who had some of the best value products around. 

And according to Mozo’s Expert Judge, Peter Marshall, UBank has proven its worth by offering “simple, straightforward and great value” home loans to a broad range of borrowers.

“To pick the 2020 Home Lender Bank of the Year, we not only looked at which lender had won the most awards, but also considered who had won across the widest range of categories,” he said.

“Where UBank really stood out was that it has great rates, no matter if you’re an owner occupier or an investor, if you’re after a variable loan, a fixed loan or a split loan, or if you’re looking to make principal and interest or interest-only repayments.”

“UBank is just consistently good, so no matter what kind of borrower you are, you can be happy with the price that you get when you take out a home loan with them.” 

UBank's award-winning home loans

So what makes a home loan gold medal material? Here’s a snapshot of the standout features of UBank’s 2020 Mozo Expert Choice Award winning home loans.

UBank UHomeLoan - Discount Offer
  • Variable rates from 2.59% p.a. (2.59% p.a. comparison rate*) for loans over $200,000 (apply now to get this rate from 3 April)

  • No application or ongoing service fees

  • Free extra repayments and redraws

Looking for a low cost mortgage? With ultra low interest rates, minimal fees and flexible features like the option to split your loan into variable and fixed, the UHomeLoan - Discount Offer packs in plenty of value for owner occupiers. It’s such an all-rounder that it caught our expert judges’ eyes two years in a row, snatching up Mozo Experts Choice Awards for Best Low Cost Home Loan and Best Split Home Loan in 2019 and 2020.

UBank UHomeLoan
  • Competitive rates for a range of fixed terms

  • No service fees ($395 application fee applies)

  • Free extra repayments (up to $20,000 p.a.)

The UHomeLoan (Fixed) comes with affordable rates, whether you’re an owner occupier or an investor. For owner occupiers making principal and interest repayments, the 3 year rate is a competitive 2.69% (3.19% comparison rate*). Meanwhile, for investors making principal and interest repayments, the rates are also low, sitting at 2.84% (3.59% comparison rate*) over 3 years.

With the UHomeLoan (Fixed), you know you’re getting bang for your buck, as these rates are some of the lowest in the Mozo database. It’s no wonder this home loan won Mozo Experts Choice Awards for Best Fixed Rate Home Loan and Best Investor Fixed Home Loan both in 2019 and in 2020.

*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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home loans Awards

Keen to check out even more great value home loans? Then take a look at our full list of 2020 Mozo Experts Choice Award winners, or jump over our home loans comparison table for other hot mortgage deals.