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% | $80,000 | $5,000,000 |
|
|
Owner Occupier | Principal & Interest | 60%-70% | $80,000 | $5,000,000 |
|
|
Owner Occupier | Principal & Interest | 70%-80% | $80,000 | $5,000,000 |
|
|
Owner Occupier | Principal & Interest | 80%-85% | $80,000 | $5,000,000 |
|
|
Investor | Principal & Interest | < 60% | $80,000 | $5,000,000 |
|
|
Investor | Principal & Interest | 60%-70% | $80,000 | $5,000,000 |
|
|
Investor | Principal & Interest | 70%-80% | $80,000 | $5,000,000 |
|
|
Investor | Interest Only | < 60% | $80,000 | $5,000,000 |
|
|
Investor | Interest Only | 60%-70% | $80,000 | $5,000,000 |
|
|
Investor | Interest Only | 70%-80% | $80,000 | $5,000,000 |
ubank's Neat Home Loan ticks a lot of boxes as a low rate, low fee option for borrowers looking to keep their costs to a minimum.
ubank is flirting with some of the lowest variable rates on the market with its Neat Home Loan offer for owner occupiers and investors. While the loan has low interest rates across the board, it really rewards borrowers with lower loan-to-value ratios (LVRs) with the most competitive rates. For LVRs of more than 60, 6.09% p.a. (6.11% p.a. comparison rate*) for owner occupiers and 6.24% (6.26% comparison rate*) for investors.
The Neat Home Loan is also light on fees. ubank does not charge lenders mortgage insurance for its high LVR loans. All homeowners will need to budget for is the $250 settlement fee (and potentially a valuation fee if valuation costs are over $360) because there are no other upfront fees or ongoing fees to worry about.
Borrowers have the flexibility of being able to choose their repayment schedule (weekly, fortnightly or monthly) and they can also make extra repayments towards their outstanding loan balance for free. The loan also features a redraw facility, but borrowers with their heart’s set on an offset account will have to look elsewhere.
Given its low rates and relatively few fees, ubank's Neat Home Loan could be an alluring option for either owner occupiers or investors looking for a competitively-priced variable rate loan - especially borrowers who can take advantage of the sharpest rates for lower LVRs.
As mentioned above, the Neat Home Loan doesn’t come with an offset account. So if this is an important feature for you as a borrower, it may be worthwhile comparing offset account home loans.
Also, if the term is over 30 years it'll be available for new purchase applications only.
|
6.09% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.11% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
none |
|
|
60.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.14% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.16% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
60.00% |
|
|
70.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.14% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.16% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.59% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.61% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
80.00% |
|
|
85.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.24% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.26% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
none |
|
|
60.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.31% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
60.00% |
|
|
70.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.31% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.54% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
none |
|
|
60.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.64% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.46% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
60.00% |
|
|
70.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
|
6.64% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.46% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$250.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$80,000 |
|
|
$5,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
no |
|
|
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.
Delays in home loan application due to glitches in online application system, slow responce times, and jumping through hoops to gain approval. Now that we gain approval, Ubank will not honor cash back offer if our settlement occurs 1 minute past June 30 deadline, despite their involvment in delays. No guarantee settlement will occur in time. Hence i declined the offer after many hours of effort.
Read full reviewDelays in home loan application due to glitches in online application system, slow responce times, and jumping through hoops to gain approval. Now that we gain approval, Ubank will not honor cash back offer if our settlement occurs 1 minute past June 30 deadline, despite their involvment in delays. No guarantee settlement will occur in time. Hence i declined the offer after many hours of effort.
Variable Rate Home Loan Special Offer (Package)
6.14% p.a. variable
6.51% p.a.
Mortgage Simplifier
6.14% p.a. variable
6.43% p.a.
Variable Rate Home Loan Special Offer (Package)
6.14% p.a. variable
6.51% p.a.
Variable Home Loan 90
6.24% p.a. variable
6.26% p.a.
Simplicity PLUS
6.64% p.a. variable
6.64% p.a.
Solar Home Loan
6.19% p.a.variable for 60 months and then 6.73% p.a. variable
6.58% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.43% p.a.
Simplicity PLUS
6.64% p.a.
6.64% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Basic Variable Home Loan
5.94% p.a.
5.99% p.a.
$0.00
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.
