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ubank Neat Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 60%
The details shown below are for an owner occupier taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 85%
The details shown below are for an investor taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 60%
The details shown below are for an investor taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $80,000 and $5,000,000 with an LVR below 60%
The details shown below are for an investor taking out a interest only loan between $80,000 and $5,000,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan between $80,000 and $5,000,000 with an LVR below 80%

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
  • Owner Occupier (Principal & Interest)
    LVR < 60%
    Loan: $80,000 $5,000,000
  • Owner Occupier (Principal & Interest)
    LVR 60%-70%
    Loan: $80,000 $5,000,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-80%
    Loan: $80,000 $5,000,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-85%
    Loan: $80,000 $5,000,000
  • Investor (Principal & Interest)
    LVR < 60%
    Loan: $80,000 $5,000,000
  • Investor (Principal & Interest)
    LVR 60%-70%
    Loan: $80,000 $5,000,000
  • Investor (Principal & Interest)
    LVR 70%-80%
    Loan: $80,000 $5,000,000
  • Investor (Interest Only)
    LVR < 60%
    Loan: $80,000 $5,000,000
  • Investor (Interest Only)
    LVR 60%-70%
    Loan: $80,000 $5,000,000
  • Investor (Interest Only)
    LVR 70%-80%
    Loan: $80,000 $5,000,000
Rate
6.09% p.a.
Comparison Rate
6.11% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.14% p.a.
Comparison Rate
6.16% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.14% p.a.
Comparison Rate
6.16% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.64% p.a.
Comparison Rate
6.66% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.24% p.a.
Comparison Rate
6.26% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.29% p.a.
Comparison Rate
6.31% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.29% p.a.
Comparison Rate
6.31% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.54% p.a.
Comparison Rate
6.39% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.64% p.a.
Comparison Rate
6.46% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site
Rate
6.64% p.a.
Comparison Rate
6.46% p.a.
Service fee
$0.00
Upfront fee
$250
Go to site

Mozo editorial review ubank Neat Home Loan - last updated: 19 July 2024

binocular icon
What's hot
  • Variable rates from just 6.09% p.a. (6.11% p.a. comparison rate*)
  • No service fees
  • Free extra repayments and redraws
What's not
  • $250 settlement fee
Mozo snapshot

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. 

key icon
Key features

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, 6.14% p.a. (6.16% p.a. comparison rate*) for owner occupiers and 6.29% (6.31% 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. 

snapshot
Who is it good for

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. 

question icon
Any catches

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

none

60.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

60.00%

70.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

70.00%

80.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.64% p.a.

n/a

n/a

n/a

6.66% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

80.00%

85.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

none

60.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

60.00%

70.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

70.00%

80.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

none

60.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

60.00%

70.00%

Features

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.

Details

Rates and fees information correct as at 23 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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

Fees

$0.00

$0.00

n/a

$250.00

n/a

$0.00

$300.00

Other financial bits

$80,000

$5,000,000

70.00%

80.00%

Features

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.

Customer Reviews

How are ubank home loans rated by the Mozo community?

Overall
8.3/10
Price
7.6/10
Features
5.4/10
Customer service
4.9/10
Convenience
4.7/10
Trust
5.3/10
Based on 36 ubank home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest review of ubank Neat Home Loan

About ubank

Thumbnail icon for ubank
ubank

Flex Home Loan

6.14% p.a.

6.38% p.a.

$250.00 yearly

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

p.a.

6.34% p.a.

$250.00 yearly

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a. variable

6.06% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.14% p.a. variable

6.14% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for BCU Bank
BCU Bank

OMG Home Loan

5.99% p.a. variable

6.02% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a. variable

6.06% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.19% p.a. variable

6.43% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for BCU Bank
BCU Bank

OMG Home Loan

5.99% p.a. variable

6.02% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a.

6.06% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for BCU Bank
BCU Bank

OMG Home Loan

5.99% p.a.

6.02% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan

6.09% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.37% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.37% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

$0.00

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a.

6.06% p.a.

$0.00

Thumbnail icon for BCU Bank
BCU Bank

OMG Home Loan

5.99% p.a.

6.02% p.a.

$0.00

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

$10.00 monthly

Thumbnail icon for G&C Mutual Bank
G&C Mutual Bank

First Home Buyer Loan

5.99% p.a.

6.02% p.a.

$0.00

Thumbnail icon for Community First Bank
Community First Bank

Basic Variable Home Loan

5.94% p.a.

5.99% p.a.

$0.00

Thumbnail icon for Unity Bank
Unity Bank

First Home Buyer Advantage Plus Home Loan

5.99% p.a.

6.76% 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.

Compare other home loans