Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
---|---|---|---|---|---|
|
Owner Occupier | Principal & Interest | < 60% | ||
|
Owner Occupier | Principal & Interest | 60%-70% | ||
|
Owner Occupier | Principal & Interest | 70%-80% | ||
|
Owner Occupier | Principal & Interest | 80%-85% | ||
|
Owner Occupier | Interest Only | < 60% | ||
|
Owner Occupier | Interest Only | 60%-70% | ||
|
Owner Occupier | Interest Only | 70%-80% | ||
|
Investor | Principal & Interest | < 60% | ||
|
Investor | Principal & Interest | 60%-70% | ||
|
Investor | Principal & Interest | 70%-80% | ||
|
Investor | Interest Only | < 60% | ||
|
Investor | Interest Only | 60%-70% | ||
|
Investor | Interest Only | 70%-80% |
Ready to lock down a seriously low fixed rate? With fixed interest rates from just 6.39% p.a. (6.45% p.a. comparison rate*), for 1 year, the Flex Home Loan (Fixed) from ubank could be just the match for you. The loan even comes with handy features like a rate lock function and the ability to open multiple offset accounts.
The ubank Flex Home Loan (Fixed) offers a number of competitive fixed rates for borrowers looking to lock in, with the 1-year fixed rate of 6.39% p.a. (6.45% p.a. comparison rate*) for owner occupiers with an LVR under 80% particularly noteworthy. There are also options for borrowers with higher LVRs, as well as investors, but with higher rates.
Just remember, to apply for this loan you'll need a maximum LVR (loan-to-value ratio) of 85%, which means you’ll have to come up with a deposit of at least 15%. That said, ubank does not require lenders mortgage insurance on maximum LVR loans.
What about features? Well borrowers who are looking to reduce their repayments and interest will be happy to know that ubank allows the creation of multiple offset accounts (with either their Pay or Save Accounts), as well as extra repayments (up to $20,000 during the fixed rate period).
ubank even offers a ‘rate lock’ feature which allows prospective borrowers to lock in a fixed rate (if they’re worried it might go up) for 90 days from the date when the home loan application is submitted. Just bear in mind that there’s a $500 fee to do so.
Speaking of fees, there are a couple that you’ll want to consider before sealing the deal. ubank charge a $250 application fee, a $250 annual service fee and while any property valuations that come out under $360 are free, if the valuation if higher than that you’ll need to pay the difference above $360.
Okay, let’s finish things off by talking about ubank application and approval process. At present the Flex Home Loan (Fixed) is only available through a broker, but ubank have digitised the process for both their customers and brokers to try and ensure that applying for a loan is as simple (and fast) as it can be.
With its competitive fixed rates and features like multiple offset accounts and free extra repayments, the Flex Home Loan (Fixed) could be a cost-effective option for homeowners looking for some rate certainty on their mortgages and the ability to reduce their interest and repayments.
Like all fixed home loans, the fixed rate will revert to a higher ongoing rate once the fixed period is over, so make sure you have a plan of action (like refinancing) if you’re wanting to avoid a higher rate.
Another thing you might consider, is if the term is over 30 years it'll be available for new purchase applications only.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.39% (6.45%*) |
|
6.09% (6.41%*) |
|
5.99% (6.37%*) |
|
n/a |
|
6.19% (6.43%*) |
|
n/a |
|
n/a |
|
6.19% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
none |
|
60.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.39% (6.49%*) |
|
6.09% (6.45%*) |
|
5.99% (6.41%*) |
|
n/a |
|
6.19% (6.46%*) |
|
n/a |
|
n/a |
|
6.24% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
60.00% |
|
70.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.39% (6.49%*) |
|
6.09% (6.45%*) |
|
5.99% (6.41%*) |
|
n/a |
|
6.19% (6.46%*) |
|
n/a |
|
n/a |
|
6.24% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
70.00% |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.98% (7.00%*) |
|
6.84% (6.99%*) |
|
6.84% (7.00%*) |
|
n/a |
|
6.98% (7.08%*) |
|
n/a |
|
n/a |
|
6.74% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
80.00% |
|
85.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.69% (6.48%*) |
|
6.49% (6.48%*) |
|
6.49% (6.50%*) |
|
n/a |
|
6.55% (6.57%*) |
|
n/a |
|
n/a |
|
6.69% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
none |
|
60.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.69% (6.52%*) |
|
6.49% (6.52%*) |
|
6.49% (6.54%*) |
|
n/a |
|
6.55% (6.59%*) |
|
n/a |
|
n/a |
|
6.74% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
60.00% |
|
70.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.69% (6.52%*) |
|
6.49% (6.52%*) |
|
6.49% (6.54%*) |
|
n/a |
|
6.55% (6.59%*) |
|
n/a |
|
n/a |
|
6.74% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
70.00% |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.49% (6.64%*) |
|
6.29% (6.61%*) |
|
6.29% (6.60%*) |
|
n/a |
|
6.39% (6.63%*) |
|
n/a |
|
n/a |
|
6.39% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
none |
|
60.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.49% (6.68%*) |
|
6.29% (6.65%*) |
|
6.29% (6.63%*) |
|
n/a |
|
6.39% (6.66%*) |
|
n/a |
|
n/a |
|
6.44% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
60.00% |
|
70.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.49% (6.68%*) |
|
6.29% (6.65%*) |
|
6.29% (6.63%*) |
|
n/a |
|
6.39% (6.66%*) |
|
n/a |
|
n/a |
|
6.44% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
70.00% |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.69% (6.66%*) |
|
6.49% (6.64%*) |
|
6.49% (6.65%*) |
|
n/a |
|
6.55% (6.68%*) |
|
n/a |
|
n/a |
|
6.74% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
none |
|
60.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.69% (6.70%*) |
|
6.49% (6.68%*) |
|
6.49% (6.68%*) |
|
n/a |
|
6.55% (6.71%*) |
|
n/a |
|
n/a |
|
6.79% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
60.00% |
|
70.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.69% (6.70%*) |
|
6.49% (6.68%*) |
|
6.49% (6.68%*) |
|
n/a |
|
6.55% (6.71%*) |
|
n/a |
|
n/a |
|
6.79% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$250.00 |
|
n/a |
|
$250.00 yearly |
|
$300.00 |
none |
|
none |
|
70.00% |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
none |
|
yes |
|
yes |
|
If the valuation is over $360, ubank will cover the first $360. Any loans with a term greater than 30 years will be available for new purchase applications only. |
|
none |
|
none |
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.
This is a no frills bank, no branch available , all communication is online or via phone but staff have always been helpful . Low interest rate and low fees. Would recommend.
Read full reviewThis is a no frills bank, no branch available , all communication is online or via phone but staff have always been helpful . Low interest rate and low fees. Would recommend.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Mortgage Simplifier
6.14% p.a. variable
6.17% p.a.
Flex Home Loan
6.24% p.a. variable
6.48% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
SMSF Home Loan (Variable)
6.99% p.a. variable
7.00% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Flex Home Loan Fixed
5.99% p.a.
fixed 3 years
6.41% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
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.