UBank crowned Australia's best bank lender
Mozo
02 Apr 2020
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UBank has kept hold of its crown as one of the most competitive home loan lenders in Australia, beating out 85 lenders to win the title of Best Bank Lender of the Year in the Mozo Experts Choice Home Loan Awards 2020.
The Mozo 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.
“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.”
Compare UBank’s award-winning home loan against some of the other top home loans on the market using the table below, and see how much you could save by switching.
TOP HOME LOANS JULY 2020
Rates updated daily. Advertiser disclosure.
- loans.com.au
2.48% p.a. variable
2.50% p.a.
$1234
Product details Close detailsloans.com.au Smart Home Loan 80
Owner Occupier, Principal & Interest
2.48% p.a. variable
2.50% p.a.
A low-rate home loan that could save you thousands, with no ongoing fees plus unlimited extra repayments and free redraws. Mozo Experts Choice Low Cost Home Loan 2020.^ You'll need to be borrowing $1 million or less and have at least a 20% deposit required.
Smart Home Loan 80
A low-rate home loan that could save you thousands, with no ongoing fees plus unlimited extra repayments and free redraws. Mozo Experts Choice Low Cost Home Loan 2020.^ You'll need to be borrowing $1 million or less and have at least a 20% deposit required.
-
2.48% p.a. variable
-
2.50% p.a.
-
$520
-
$0.00
-
$0.00
-
yes - free
-
yes - free
-
Optional - with 0.10% additional interest
-
$520
-
80.00%
-
$50,000
-
$1,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Smart Home Loan 80
-
- HSBC
2.09% p.a.
fixed 2 years2.98% p.a.
$1234
Product details Close detailsHSBC Fixed Rate Home Loan
Owner Occupier, Principal & Interest, LVR <80%
2.09% p.a.
fixed 2 years2.98% p.a.
Have the security of a fixed rate for 2 years with the option to split with one of the HSBC variable Home Loans. No ongoing monthly service fees or annual fees. Mozo Experts Choice Fixed Home Loan 2020^
Fixed Rate Home Loan
Have the security of a fixed rate for 2 years with the option to split with one of the HSBC variable Home Loans. No ongoing monthly service fees or annual fees. Mozo Experts Choice Fixed Home Loan 2020^
-
2.09% p.a.
fixed 2 years -
2.98% p.a.
-
$0
-
$0.00
-
$300.00
-
yes - free up to $10,000 p.a.
-
no
-
no
-
$0
-
80.00%
-
$50,000
-
$7,500,000
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Fixed Rate Home Loan
-
- Athena
2.34% p.a. variable
2.34% p.a.
$1234
Product details Close detailsAthena Celebrate Variable Home Loan
<60% LVR, Owner Occupier, Principal & Interest
2.34% p.a. variable
2.34% p.a.
Fast online application with no fees. Free extra repayments and redraw facility. Min 40% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^
Celebrate Variable Home Loan
Fast online application with no fees. Free extra repayments and redraw facility. Min 40% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^
-
2.34% p.a. variable
-
2.34% p.a.
-
$0
-
$0.00
-
$0.00
-
yes - free
-
yes - free
-
no
-
$0
-
60.00%
-
$100,000
-
$2,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Celebrate Variable Home Loan
-
- UBank
2.49% p.a. variable
2.49% p.a.
$1234
Product details Close detailsUBank UHomeLoan - Discount Offer
Owner Occupier, Principal & Interest
2.49% p.a. variable
2.49% p.a.
Enjoy a super low rate, $0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Free redraw with flexible repayments. Min 20% deposit.
UHomeLoan - Discount Offer
Enjoy a super low rate, $0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Free redraw with flexible repayments. Min 20% deposit.
-
2.49% p.a. variable
-
2.49% p.a.
-
$0
-
$0.00
-
$0.00
-
yes - free
-
yes - free
-
no
-
$0
-
80.00%
-
$100,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the UHomeLoan - Discount Offer
-
-
Hot Deal $2,000 Refinance Cash Bonus (T&Cs apply)
Suncorp2.68% p.a. variable
2.69% p.a.
$1234
Product details Close detailsSuncorpBack to Basics Special
LVR<80%, Owner Occupier, Principal & Interest
2.68% p.a. variable
2.69% p.a.
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply.
Back to Basics Special
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply.
-
2.68% p.a. variable
-
2.69% p.a.
-
$0
-
$0.00
-
$350.00
-
Yes - free
-
yes - free
-
no
-
$0
-
80.00%
-
$150,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Refinance from another lender to receive a $2,000 cash bonus for loans of at least $250,000 or $3,000 bonus for loans over $750,000. Available for loans with an LVR <90% and applications made by 18 December 2020 and settled by 26 March 2021.
Read our Mozo Review to learn more about the Back to Basics Special
-
-
Hot Deal $3,000 cashback when you refinance your home loan to BOQ (T&Cs apply)
Bank of Queensland2.59% p.a. variable
2.76% p.a.
$1234
Product details Close detailsBank of QueenslandEconomy Home Loan Discount Rate
Owner Occupier, Principal & Interest, <70% LVR
2.59% p.a. variable
2.76% p.a.
An ongoing low variable interest rate with free redraw, flexible repayment options and one free valuation. Discounted Economy variable rate available for owner occupier lending with max LVR of 70%.
Economy Home Loan Discount Rate
An ongoing low variable interest rate with free redraw, flexible repayment options and one free valuation. Discounted Economy variable rate available for owner occupier lending with max LVR of 70%.
-
2.59% p.a. variable
-
2.76% p.a.
-
$450
-
$10.00 monthly
-
$320.00
-
yes - free
-
yes
-
no
-
$450
-
70.00%
-
$150,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
$3,000 cashback when you refinance your home loan to BOQ, min $250,000, 80% LVR or less. Apply before 29 November 2020, settle by 28 February 2021.
Read our Mozo Review to learn more about the Economy Home Loan Discount Rate
-
- IMB Bank
2.61% p.a. variable
2.67% p.a.
$1234
Product details Close detailsIMB BankBudget Home Loan
LVR <80%, Owner Occupier, Principal & Interest
2.61% p.a. variable
2.67% p.a.
Competitve low interest rate for owner-occupiers with at least a 20% deposit, and no upfront fees. Free extra repayments and redraw. Zero ongoing fees.
Budget Home Loan
Competitve low interest rate for owner-occupiers with at least a 20% deposit, and no upfront fees. Free extra repayments and redraw. Zero ongoing fees.
-
2.61% p.a. variable
-
2.67% p.a.
-
$773
-
$0.00
-
$350.00
-
yes - free
-
yes - free
-
no
-
$773
-
80.00%
-
$75,000
-
$5,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Budget Home Loan
-
- AMP Bank
2.59% p.a. variable
3.00% p.a.
$1234
Product details Close detailsAMP BankProfessional Package Variable Rate Home Loan Professional Package
Owner Occupier, Principal & Interest, LVR <80%
2.59% p.a. variable
3.00% p.a.
Enjoy a variable rate with the AMP Bank Professional Package Home Loan. 100% offset accounts available with full transaction access. Handy redraw facility available upon request. Minimum 20% deposit required. Other rates available for interest only option. Pre-qualify today.
Professional Package Variable Rate Home Loan Professional Package
Enjoy a variable rate with the AMP Bank Professional Package Home Loan. 100% offset accounts available with full transaction access. Handy redraw facility available upon request. Minimum 20% deposit required. Other rates available for interest only option. Pre-qualify today.
-
2.59% p.a. variable
-
3.00% p.a.
-
$295
-
$349.00 yearly
-
$350.00
-
yes - free
-
yes
-
yes
-
$295
-
80.00%
-
$100,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Professional Package Variable Rate Home Loan
-
- Illawarra Credit Union
1.99% p.a.variable for 24 months and then 2.50% p.a. variable
2.93% p.a.
$1234
Product details Close detailsIllawarra Credit UnionThe Works Special Variable Home Loan
Owner Occupier, Principal & Interest
1.99% p.a.variable for 24 months and then 2.50% p.a. variable
2.93% p.a.
The Works Package 2 year intro special variable rate Home Loan, for new owner occupied P&I home loans $150k and over. It comes with a 100% offset account to make your home loan repayments
The Works Special Variable Home Loan
The Works Package 2 year intro special variable rate Home Loan, for new owner occupied P&I home loans $150k and over. It comes with a 100% offset account to make your home loan repayments
-
1.99% p.a.variable for 24 months and then 2.50% p.a. variable
-
2.93% p.a.
-
$1,282
-
$395.00 yearly
-
$350.00
-
yes - free
-
yes - free
-
yes
-
$1,282
-
95.00%
-
$150,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the The Works Special Variable Home Loan
-
- Newcastle Permanent
2.18% p.a.
fixed 2 years3.72% p.a.
$1234
Product details Close detailsNewcastle PermanentSpecial Fixed Rate Home Loan Premium Plus Package
Owner Occupier, Principal & Interest
2.18% p.a.
fixed 2 years3.72% p.a.
No ongoing fees. Ability to split your loan between fixed and variable. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer, T&Cs apply.
Special Fixed Rate Home Loan Premium Plus Package
No ongoing fees. Ability to split your loan between fixed and variable. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer, T&Cs apply.
-
2.18% p.a.
fixed 2 years -
3.72% p.a.
-
$0
-
$395.00 yearly
-
$0.00
-
yes - free up to $25,000 p.a.
-
yes - free
-
no
-
$0
-
80.00%
-
$5,000
-
-
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
$2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%
Read our Mozo Review to learn more about the Special Fixed Rate Home Loan
-
^See information about the Mozo Experts Choice Home loans Awards
