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UBank UHomeLoan - Investor Extra Offer

Advertiser disclosure

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $100,000 $2,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000 $2,000,000

Rate
2.74% p.a.
Comparison Rate
2.74% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.14% p.a.
Comparison Rate
3.01% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review UBank UHomeLoan - Investor Extra Offer

Last updated: 29 November 2020.

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What's hot
  • Low variable rates from 2.74% (2.74% comparison rate*)
  • 2018 Mozo Experts Choice Award
  • Free redraws and extra repayments
  • No fees
What's not
  • No offset account
Mozo snapshot

The UHomeLoan Investor Extra Offer from UBank could be the perfect low cost match for prospective property investors, with a variable interest rate starting from just 2.74% (2.74% comparison rate*) and no application, service or any other fees. In fact, the Mozo Experts judged the loan to be such a great low cost option for investors that it was awarded a 2018 Mozo Experts Choice Award for best Investor Home Loan.

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Key features

UBank offers property investors two options with its Investor Extra Home Loan - a low 2.74% variable interest rate (2.74% comparison rate*) for those willing to make principal and interest payments, and a slightly higher 3.14% rate (3.01% comparison rate*) for borrowers wanting to make interest-only repayments. Just keep in mind that you’ll need a minimum 20% deposit on a loan of at least $100,000 to qualify for the offer.

Aside from the low rates, borrowers will also be able to cut down their costs thanks to the absolute lack of fees on the Investor Extra Offer, which means you’ll pay nothing in the way of application, service or discharge fees over the life of the loan.

If that doesn’t whet your appetite, borrowers can also make extra repayments towards their UBank home loan at no added cost and they’ll be able to make free redraws on those extra payments, should the need arise. The Investor Extra Offer also features the opportunity to split the home loan with one of UBank’s fixed rate investor deals, though the loan doesn’t come with an offset account option.

Those making principal and interest payments will also have the flexibility to choose between weekly, fortnightly and monthly instalments, though interest-only investors will need to make their repayments on a monthly basis.

snapshot
Who is it good for

The UHomeLoan Investor Extra Offer could be a great option for investors who are looking for a low rate and fee-free home loan, which allows them to concentrate fully on making their repayments.

question icon
Any catches

Would you prefer to have the option of going into a branch to talk to a real person about your home loan? Because UBank is an online-only institution, so you won’t have access to any branches, though you will be able to contact them via the phone or interest.

Details

Rates and fees information correct as at 26 January 2021. 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
  • 2.74% p.a.

  • n/a

  • n/a

  • n/a

  • 2.74% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • no

  • $0.00

  • yes

  • no

  • none

  • 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 26 January 2021. 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
  • 3.14% p.a.

  • n/a

  • n/a

  • n/a

  • 3.01% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • no

  • $0.00

  • yes

  • no

  • none

  • 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
6.9/10
Price
8.7/10
Features
6.0/10
Customer service
6.2/10
Convenience
5.6/10
Trust
6.7/10

Latest review of UBank UHomeLoan - Investor Extra Offer

Thumbnail icon for UBank

About UBank

UBank is a new direct bank which is backed by NAB, one of Australia's big four banks. UBank launched in 2008 with a competitive term deposit product, which customers can apply for and manage online. As a direct bank, UBank doesn't have a branch network but it does have a 24-hour, seven day a week 'person to person' phone banking centre for those wanting to speak to a real person. Cost savings are passed onto customers in the form of higher rates and lower fees. UBank now has a range of competitive term deposits, super and savings accounts. In 2011, it launched UHomeloan for refinancing its first home loan product.

See UBank home loans

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UHomeLoan (Fixed)

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2.22% p.a.

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UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

$0.00

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UHomeLoan (1 Year Fixed)

p.a.

n/a

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

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UBank

UHomeLoan - Discount Offer

2.34% p.a. variable

2.34% p.a.

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Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

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Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

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86 400

Neat Home Loan

2.19% p.a. variable

2.20% p.a.

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Well Home Loans

Well Balanced

2.17% p.a. variable

2.20% p.a.

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loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

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UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

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Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

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Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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86 400

Neat Home Loan

2.19% p.a. variable

2.20% p.a.

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Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

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Well Home Loans

Well Balanced

2.17% p.a. variable

2.20% p.a.

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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.

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UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

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Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

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Macquarie

Basic Home Loan

2.64% p.a.

2.64% p.a.

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Suncorp

Back to Basics

2.54% p.a.

2.55% p.a.

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Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

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86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

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Well Home Loans

Well Balanced

2.17% p.a.

2.20% p.a.

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loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

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UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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Suncorp

Fixed Home Loan (Home Package Plus)

2.19% p.a.
fixed 3 years

3.03% p.a.

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Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

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Well Home Loans

Well Balanced Fixed

2.04% p.a.
fixed 3 years

2.17% p.a.

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UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

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Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

Thumbnail icon for loans.com.au

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

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UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

$0.00

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

$0.00

Thumbnail icon for 86 400

86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

$0.00

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced

2.17% p.a.

2.20% p.a.

$0.00

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Yard

Variable Home Loan Special

2.09% p.a.

2.12% p.a.

$0.00

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Newcastle Permanent

Real Deal Home Loan

2.59% p.a.

2.63% p.a.

$0.00

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Suncorp

Back to Basics

2.54% p.a.

2.55% 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.