UBank helps out homeowners with $5,000 cashback offer
UBank has long been a favourite for cost-conscious Aussie borrowers looking to save on their home loans. Its stellar range of low-cost loans are even more attractive with their generous limited time cashback offer.
Right now, UBank is giving borrowers the chance to get ahead on their home loans with $4,000 cashback on eligible new and refinance loans of $400,000 or more, and $5,000 cashback on eligible loans of $1 million or more.
This tempting cashback offer is available on UBank’s popular low-rate, low-fee Neat Home Loan and its competitive Own Home Loan with 100% offset account.
UBank’s simple low cost home loan proposition comes with a super-fast online application and pre-approval process. Backed by NAB, it's not hard to see why UBank is one of Australia's most popular online lenders.
UBank Neat Home Loan
- Variable rates from 5.49% p.a. (5.51% p.a. comparison rate*) for borrowers with 40% deposit
- $4,000 cashback for loans over $400,000 and $5,000 cashback for loans over $1,000,000 (terms and conditions apply)
- No application or ongoing fees
The details:
UBank has made a name for itself as one of Australia's best value online lenders, and its Neat Home Loan is a case in point. This low cost variable home loan rewards borrowers with lower loan-to-value-ratios (LVRs) with its best rates, while also being light on fees. Features include free extra repayments and redraw facility. Plus, UBank is backed by NAB so you get all of the savings an online lender can offer, as well as the security of big bank backing.
UBank Own Home Loan
- Variable rates from 5.54% p.a.(5.79% p.a. comparison rate*) for borrowers with 40% deposit
- $4,000 cashback for loans over $400,000 and $5,000 cashback for loans over $1,000,000 (terms and conditions apply)
- Make extra repayments and multiple offset accounts
The details:
If the cashback offer sounds enticing but you’re after a few more features, UBank’s Own Home Loan should be on your radar. While this account does have some fees – notably a $250 application fee and $250 annual service fee – it’s also packed with features that set it apart. With the Own Home Loan you can open multiple offset accounts, as well as making extra repayments to your home loan. You can also split your loan between fixed and variable rates for added flexibility.
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* 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 $150,000 over 25 years.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. 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.
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