UBank makes a splash with sizzling new home loan
Mozo
29 Oct 2019
UBank has kept hold of its crown as one of the most competitive home loan lenders in Australia after debuting a gob-smackingly low new variable rate home loan.
The UBank UHomeLoan - Discount Offer now features a reduced variable rate of just 2.84% (2.84% comparison rate*) for owner occupiers borrowing over $200,000, which is one of the lowest home loan rates in the Mozo database.
UBank is the latest lender to slash rates following the Reserve Bank’s decision in early October to cut the official cash rate to a record low 0.75% - a decision which has resulted in competition among smaller lenders heating up to sizzling new levels.
Compare UBank’s hottest new home loan rate against some of the other top deals on the market using the table below, and see how much you could save by switching.
TOP VARIABLE HOME LOANS - rates updated daily
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Promoted
UBank
2.84% p.a.
2.84% p.a.
$1234
Product details Close detailsUBank UHomeLoan - Discount Offer
Owner Occupier, Principal & Interest
2.84% p.a.
2.84% p.a.
Free redraw with flexible repayments. Min 20% deposit. Winner of a Mozo Experts Choice Award 2019 in the Low Cost Home Loan category^.
UHomeLoan - Discount Offer
Free redraw with flexible repayments. Min 20% deposit. Winner of a Mozo Experts Choice Award 2019 in the Low Cost Home Loan category^.
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2.84% p.a.
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2.84% p.a.
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$0
-
$0.00
-
$0.00
-
yes - free
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yes - free
-
no
-
80.00%
-
$200,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the UHomeLoan - Discount Offer
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Promoted
loans.com.au2.88% p.a.
2.90% p.a.
$1234
Product details Close detailsloans.com.auSmart Home Loan
Owner Occupier, Principal & Interest
2.88% p.a.
2.90% p.a.
A low-rate home loan that could save you thousands. No application or ongoing fees. Unlimited additional repayments. Unlimited free redraws with no minimum redraw amount, Limited time only.
Smart Home Loan
A low-rate home loan that could save you thousands. No application or ongoing fees. Unlimited additional repayments. Unlimited free redraws with no minimum redraw amount, Limited time only.
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2.88% p.a.
-
2.90% p.a.
-
$520
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$0.00
-
$0.00
-
yes - free
-
yes - free
-
no
-
80.00%
-
$50,000
-
$1,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Smart Home Loan
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Promoted
Athena2.84% p.a.
2.80% p.a.
$1234
Product details Close detailsAthenaVariable Home Loan
Owner Occupier, Principal & Interest
2.84% p.a.
2.80% p.a.
Get the low rate you deserve with Athena, one of Australia's newest direct lenders. No fees and fee-free redraw. The same low rates for new and existing customers. Score loyalty bonus for making repayments. Min 20% deposit.
Variable Home Loan
Get the low rate you deserve with Athena, one of Australia's newest direct lenders. No fees and fee-free redraw. The same low rates for new and existing customers. Score loyalty bonus for making repayments. Min 20% deposit.
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2.84% p.a.
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2.80% p.a.
-
$0
-
$0.00
-
$0.00
-
yes - free
-
yes - free
-
no
-
80.00%
-
$100,000
-
$2,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Variable Home Loan
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Promoted
Tic:Toc 2.79% p.a.
2.80% p.a.
$1234
Product details Close detailsTic:Toc Variable Home Loan
Owner Occupier, Principal & Interest
2.79% p.a.
2.80% p.a.
Get full approval online. Award-winning platform could save you thousands with super-low rates. No application, valuation or settlement fees. Fee-free redraws and extra repayments. Optional offset account for $10 per month. Winner of a Mozo Experts Choice Award 2019 for Online Home Lender of the Year 2019.^
Variable Home Loan
Get full approval online. Award-winning platform could save you thousands with super-low rates. No application, valuation or settlement fees. Fee-free redraws and extra repayments. Optional offset account for $10 per month. Winner of a Mozo Experts Choice Award 2019 for Online Home Lender of the Year 2019.^
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2.79% p.a.
-
2.80% p.a.
-
$0
-
$0.00
-
$325.00
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yes - free
-
yes - free
-
Optional - $10 per month
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90.00%
-
$50,000
-
$2,000,000
-
Variable
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Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Variable Home Loan
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Promoted
Well Home Loans 2.82% p.a.
2.86% p.a.
$1234
Product details Close detailsWell Home Loans Well Balanced
Owner Occupier, Principal & Interest, LVR <80%
2.82% p.a.
2.86% p.a.
Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee. Purchase, Refinance or Equity Release purposes allowed. Best New Home Loan in Mozo Experts Choice Awards 2019.^
Well Balanced
Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee. Purchase, Refinance or Equity Release purposes allowed. Best New Home Loan in Mozo Experts Choice Awards 2019.^
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2.82% p.a.
-
2.86% p.a.
-
$785
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$0.00
-
$300.00
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yes - free
-
yes - free
-
Optional - $10 per month
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80.00%
-
$200,000
-
$2,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Well Balanced
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Promoted
Homestar2.74% p.a.
2.77% p.a.
$1234
Product details Close detailsHomestarStar Essentials Home Loan
Owner Occupier, Principal & Interest
2.74% p.a.
2.77% p.a.
One of the lowest home loan rates in town packed with essential features. No application or ongoing fees. Unlimited additional repayments with free online redraws. Min. loan size $150k, no construction loans.
Star Essentials Home Loan
One of the lowest home loan rates in town packed with essential features. No application or ongoing fees. Unlimited additional repayments with free online redraws. Min. loan size $150k, no construction loans.
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2.74% p.a.
-
2.77% p.a.
-
$596
-
$0.00
-
$535.00
-
yes - free
-
yes - free
-
no
-
80.00%
-
$150,000
-
$850,000
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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 Star Essentials Home Loan
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Promoted
Newcastle Permanent 3.19% p.a.
3.23% p.a.
$1234
Product details Close detailsNewcastle Permanent Special Real Deal Home Loan
Owner Occupier, Principal & Interest
3.19% p.a.
3.23% p.a.
Free extra repayments. No application or service fees. Only 10% deposit needed. Winner of a Mozo Experts Choice Award 2019 for the First Home Buyer Loan and Investor Home Loan categories.^
Special Real Deal Home Loan
Free extra repayments. No application or service fees. Only 10% deposit needed. Winner of a Mozo Experts Choice Award 2019 for the First Home Buyer Loan and Investor Home Loan categories.^
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3.19% p.a.
-
3.23% p.a.
-
$0
-
$0.00
-
$0.00
-
yes - free
-
yes - fees apply
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yes - partial only
-
90.00%
-
$150,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Special Real Deal Home Loan
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Promoted
CUA3.20% p.a.
3.25% p.a.
$1234
Product details Close detailsCUAAchieve Variable Home Loan
Owner Occupier, Principal & Interest
3.20% p.a.
3.25% p.a.
No annual or monthly account keeping fees. Enjoy the flexibility of being able to make unlimited extra repayments without penalty. Borrow up to 90% of the property value.
Achieve Variable Home Loan
No annual or monthly account keeping fees. Enjoy the flexibility of being able to make unlimited extra repayments without penalty. Borrow up to 90% of the property value.
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3.20% p.a.
-
3.25% p.a.
-
$835
-
$0.00
-
$500.00
-
yes - free
-
yes - free
-
yes - partial up to $15,000 maximum
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90.00%
-
$100,000
-
$249,999
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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 Achieve Variable Home Loan
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Promoted
Easy Street2.95% p.a.
2.99% p.a.
$1234
Product details Close detailsEasy StreetStandard Variable Home Loan - New Money Offer
Owner Occupier, Principal & Interest
2.95% p.a.
2.99% p.a.
100% offset account. $0 monthly fees, $0 annual fees and free redraw. Borrow up to 95% of the property value with Lenders Mortgage Insurance.
Standard Variable Home Loan - New Money Offer
100% offset account. $0 monthly fees, $0 annual fees and free redraw. Borrow up to 95% of the property value with Lenders Mortgage Insurance.
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2.95% p.a.
-
2.99% p.a.
-
$500
-
$0.00
-
$300.00
-
yes - free
-
yes-free
-
yes
-
95.00%
-
$50,000
-
-
-
Variable
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Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Standard Variable Home Loan - New Money Offer
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Promoted
IMB Bank3.13% p.a.
3.19% p.a.
$1234
Product details Close detailsIMB BankBudget Home Loan
LVR 70-90%, Owner Occupier, Principal & Interest
3.13% p.a.
3.19% p.a.
Start with only 10% minimum deposit. Unrestricted additional repayments and free redraw facility.
Budget Home Loan
Start with only 10% minimum deposit. Unrestricted additional repayments and free redraw facility.
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3.13% p.a.
-
3.19% p.a.
-
$799
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$0.00
-
$350.00
-
yes - free
-
yes - free
-
no
-
90.00%
-
$75,000
-
$5,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Budget Home Loan
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