The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 60%
The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 85%
The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 60%
The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 70%
The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 60%
The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 80%
The details shown below are for an investor taking out a interest only loan up to with an LVR below 60%
The details shown below are for an investor taking out a interest only loan up to with an LVR below 70%
The details shown below are for an investor taking out a interest only loan up to 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% | ||
|
|
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% |
Owner Occupier (Principal & Interest)
LVR < 60%
Loan:
Owner Occupier (Principal & Interest)
LVR 60%-70%
Loan:
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan:
Owner Occupier (Principal & Interest)
LVR 80%-85%
Loan:
Owner Occupier (Interest Only)
LVR < 60%
Loan:
Owner Occupier (Interest Only)
LVR 60%-70%
Loan:
Owner Occupier (Interest Only)
LVR 70%-80%
Loan:
Investor (Principal & Interest)
LVR < 60%
Loan:
Investor (Principal & Interest)
LVR 60%-70%
Loan:
Investor (Principal & Interest)
LVR 70%-80%
Loan:
Investor (Interest Only)
LVR < 60%
Loan:
Investor (Interest Only)
LVR 60%-70%
Loan:
Investor (Interest Only)
LVR 70%-80%
Loan:
Online lender ubank has some seriously sharp rates on offer for borrowers through its Own Home Loan with variable rates starting from just 2.14% (2.43% comparison rate*) for 60% LVR, with no required LMI, and even lower rates up for grabs if you've saved up a bigger deposit. Add in the ability to reduce your repayments with multiple offset accounts and free extra repayments and this could really be a loan that will turn heads.
ubank offers some seriously low rates, innovative features and a digital application process that could not only help you save time, but money as well.
Let’s dive in by looking at the Own Home Loan interest rates, which are based on a LVR tier system. For owner occupiers making principal and interest repayments on their loan:
ubank has also included a bunch of handy loan features to help their borrowers stay on top of repayments. First of all, borrowers can use one or multiple ubank Pay and Save Accounts as offset accounts to reduce the size of the loan they’re making repayments on.
Borrowers can even make unlimited extra repayments towards their loan (for free) if they’re trying to pay it off early, and dip back into those additional repayments (if necessary) with the free redraw facility.
When it comes to repayment frequency, ubank give customers the flexibility to make their repayments on a schedule that suits them: either weekly, fortnightly or on a monthly basis.
Okay, so how about fees? There are a couple you’ll need to budget for, including a $250 loan advance fee and $250 annual fee. While ubank won’t charge a valuation fee for your property if the valuation comes to under $360, if it’s over that they’ll only cover the first $360.
The Own Home Loan from ubank could be a great value option for borrowers with a smaller deposit, as it offers low variable rates and no LMI on 85% LVR. As an online bank, ubank may also appeal to tech savvy Aussies who are looking for a way to streamline their finances.
If you're after the lowest rates on offer, you'll need to have saved up a substantial 40% deposit; that said, even with a 20% deposit, you can still snag a low rate of 2.24% p.a. (2.53% p.a. comparison rate*).
However, as you’d expect of a digital bank like ubank, they’ve made applications and approvals as simple as possible by digitising the entire process. That means that you’ll be able to verify your ID, send through documents and provide your signature all online.
|
2.14% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.43% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
none |
|
|
60.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.19% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.48% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
60.00% |
|
|
70.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.24% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.53% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
70.00% |
|
|
80.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.74% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.02% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
80.00% |
|
|
85.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.74% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.62% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
none |
|
|
60.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.79% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.67% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
60.00% |
|
|
70.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.84% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.72% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
70.00% |
|
|
80.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.24% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.53% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
none |
|
|
60.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.29% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.58% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
60.00% |
|
|
70.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.34% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.63% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
70.00% |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.39% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.55% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
none |
|
|
60.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.44% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.60% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
60.00% |
|
|
70.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
|
2.49% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.65% 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 |
|
|
$250.00 yearly |
|
|
$300.00 |
|
none |
|
|
none |
|
|
70.00% |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
If the valuation is over $360, UBank will cover the first $360. |
|
|
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.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.69% p.a. variable
3.10% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.69% p.a. variable
3.10% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Qudos Bank
Fixed Rate Home Loan
4.19% p.a.
fixed 3 years
2.92% p.a.
Heritage Bank
Fixed Rate Loan (Home Advantage)
4.49% p.a.
fixed 3 years
3.32% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
$0.00
Qudos Bank
No Frills Home Loan
1.99% p.a.
1.99% p.a.
$0.00
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% 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.
