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.
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Mozo experts choice awards won:
- Split Home Loan - 2021
- Low Cost Home Loan - 2021
2.19% p.a. variable
2.19% p.a.
$1234
Product details Close details
Mozo experts choice awards won:
- Split Home Loan - 2021
- Low Cost Home Loan - 2021
UHomeLoan - Discount Offer
Owner Occupier, Principal & Interest
2.19% p.a. variable
2.19% p.a.
Enjoy a super low rate. $0 fees to consider. Fast and easy online application. Free redraw and free extra repayments. Flexible payment terms. Min 20% deposit required.
UHomeLoan - Discount Offer
Enjoy a super low rate. $0 fees to consider. Fast and easy online application. Free redraw and free extra repayments. Flexible payment terms. Min 20% deposit required.
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2.19% p.a. variable
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2.19% p.a.
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$0
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$0.00
-
$0.00
-
yes - free
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yes - free
-
no
-
$0
-
80.00%
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$100,000
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-
-
Variable
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Principal & Interest
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Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the UHomeLoan - Discount Offer
Details Close
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Hot Deal For a chance to win $100K towards your home loan, apply with Athena before Oct 31 & approved by Dec 15 (Please read the full T&C's)
Mozo experts choice awards won:
- Home Loan Innovation - 2021
- Investor Home Loan - 2021
- Low Cost Home Loan - 2021
1.99% p.a. variable
1.99% p.a.
$1234
Product details Close details Mozo experts choice awards won:
- Home Loan Innovation - 2021
- Investor Home Loan - 2021
- Low Cost Home Loan - 2021
Celebrate Variable Home Loan
<60% LVR, Owner Occupier, Principal & Interest
1.99% p.a. variable
1.99% p.a.
Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required. Winner of three Mozo Expert's Choice Awards for 2021.
Celebrate Variable Home Loan
Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required. Winner of three Mozo Expert's Choice Awards for 2021.
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1.99% p.a. variable
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1.99% p.a.
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$0
-
$0.00
-
$0.00
-
yes - free
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yes - free
-
no
-
$0
-
60.00%
-
$100,000
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$2,000,000
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Variable
-
Principal & Interest
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Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Celebrate Variable Home Loan
Details Close
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2.09% p.a.
fixed 3 years2.32% p.a.
$1234
Product details Close detailsBasic Home Loan
Fixed, Owner Occupier, Principal & Interest, LVR<70%
2.09% p.a.
fixed 3 years2.32% p.a.
No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.
Basic Home Loan
No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.
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2.09% p.a.
fixed 3 years -
2.32% p.a.
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$0
-
$0.00
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$400.00
-
yes - free
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yes - free
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no
-
$0
-
70.00%
-
$150,000
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$750,000
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Fixed
-
Principal & Interest
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Owner Occupier
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Monthly
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Read our Mozo Review to learn more about the Basic Home Loan
Details Close
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2.09% p.a.
fixed 3 years2.87% p.a.
$1234
Product details Close detailsFixed Rate Home Loan Home Loan Package
Owner Occupier, Principal & Interest, LVR <80%
2.09% p.a.
fixed 3 years2.87% p.a.
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Min 20% deposit. Refinancers borrowing $250,000 or more could receive $3,288 cashback (T&Cs, eligibility and lending criteria apply).
Fixed Rate Home Loan Home Loan Package
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Min 20% deposit. Refinancers borrowing $250,000 or more could receive $3,288 cashback (T&Cs, eligibility and lending criteria apply).
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2.09% p.a.
fixed 3 years -
2.87% p.a.
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$270
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$390.00 yearly
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$300.00
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yes - free up to $10,000 p.a.
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no
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no
-
$270
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80.00%
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$500,000
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$7,500,000
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Fixed
-
Principal & Interest
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Owner Occupier
-
Weekly, Fortnightly, Monthly
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Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.
Read our Mozo Review to learn more about the Fixed Rate Home Loan
Details Close
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1.99% p.a. variable
1.99% p.a.
$1234
Product details Close detailsVariable Home Loan
Owner Occupier, Principal & Interest
1.99% p.a. variable
1.99% p.a.
Refinance only. Super-fast digital application process. Zero upfront fees. No on-going service fees. Free 100% offset sub account. Minimum 25% deposit required.
Variable Home Loan
Refinance only. Super-fast digital application process. Zero upfront fees. No on-going service fees. Free 100% offset sub account. Minimum 25% deposit required.
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1.99% p.a. variable
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1.99% p.a.
-
$0
-
$0.00
-
$0.00
-
yes - free
-
yes - free
-
yes - offset sub account
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$0
-
75.00%
-
$100,000
-
$2,500,000
-
Variable
-
Principal & Interest
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Owner Occupier
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Monthly
-
Read our Mozo Review to learn more about the Variable Home Loan
Details Close
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2.43% p.a. variable
2.49% p.a.
$1234
Product details Close detailsBudget Home Loan
LVR 70-90%, Owner Occupier, Principal & Interest
2.43% p.a. variable
2.49% 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.
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2.43% p.a. variable
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2.49% p.a.
-
$799
-
$0.00
-
$350.00
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yes - free
-
yes - free
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no
-
$799
-
90.00%
-
$10,000
-
$5,000,000
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Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Budget Home Loan
Details Close
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1.89% p.a.
fixed 2 years3.67% p.a.
$1234
Product details Close detailsSpecial Fixed Rate Home Loan Premium Plus Package
Owner Occupier, Principal & Interest
1.89% p.a.
fixed 2 years3.67% p.a.
Lock in a low fixed rate or choose to split your loan between fixed and variable. Insurance discounts and no fee credit card or zero fee personal loan available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer extended, T&Cs apply.
Special Fixed Rate Home Loan Premium Plus Package
Lock in a low fixed rate or choose to split your loan between fixed and variable. Insurance discounts and no fee credit card or zero fee personal loan available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer extended, T&Cs apply.
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1.89% p.a.
fixed 2 years -
3.67% p.a.
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$0
-
$395.00 yearly
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$0.00
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yes - free up to $25,000 p.a.
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yes - free
-
no
-
$0
-
80.00%
-
-
-
-
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%
Read our Mozo Review to learn more about the Special Fixed Rate Home Loan
Details Close
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Hot Deal $590 Establishment Fee waived for eligible Prime loans submitted before 30 November.
2.44% p.a. variable
2.49% p.a.
$1234
Product details Close detailsPrime Home Loan
Owner Occupier, Principal & Interest, LVR <70%
2.44% p.a. variable
2.49% p.a.
Competitive low variable rates for borrowers with 30% deposit. Flexible home loan with no ongoing fees. Extra repayments and redraw available. Get a dedicated specialist for the loan application process.
Prime Home Loan
Competitive low variable rates for borrowers with 30% deposit. Flexible home loan with no ongoing fees. Extra repayments and redraw available. Get a dedicated specialist for the loan application process.
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2.44% p.a. variable
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2.49% p.a.
-
$710
-
-
-
$250.00
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yes - free
-
yes - free
-
yes
-
$710
-
70.00%
-
$100,000
-
$2,500,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Prime Home Loan
Details Close
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2.39% p.a. variable
2.44% p.a.
$1234
Product details Close detailsDiscount Variable Home Loan
Owner Occupier, LVR<70%, over $700,000
2.39% p.a. variable
2.44% p.a.
No monthly administration fees. Ability to make extra repayments and redraws. A great low rate. No ongoing fees. Experience the difference this established bank has to offer.
Discount Variable Home Loan
No monthly administration fees. Ability to make extra repayments and redraws. A great low rate. No ongoing fees. Experience the difference this established bank has to offer.
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2.39% p.a. variable
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2.44% p.a.
-
$750
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$0.00
-
$300.00
-
yes - free
-
yes - free
-
no
-
$750
-
70.00%
-
$700,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Discount Variable Home Loan
Details Close
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1.87% p.a. variable
1.90% p.a.
$1234
Product details Close detailsEquity Plus
Owner Occupier, Principal & Interest, LVR <60%
1.87% p.a. variable
1.90% p.a.
Low rate variable home loan with optional offset. Free online redraw. No valuation fee. Purchase, refinance or equity release purposes allowed. Min 40% deposit.
Equity Plus
Low rate variable home loan with optional offset. Free online redraw. No valuation fee. Purchase, refinance or equity release purposes allowed. Min 40% deposit.
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1.87% p.a. variable
-
1.90% p.a.
-
$785
-
$0.00
-
$300.00
-
yes - free
-
yes - free
-
yes
-
$785
-
60.00%
-
$200,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Equity Plus
Details Close
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^See information about the Mozo Experts Choice Home loans Awards
