UBank UHomeLoan (Fixed)

This product is available in different versions. Pick the right version for you here.

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

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

  • Owner Occupier (Principal & Interest)

    LVR < 80%

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

  • Owner Occupier (Interest Only)

    LVR < 80%

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

  • Investor (Principal & Interest)

    LVR < 80%

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

  • Investor (Interest Only)

    LVR < 80%

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

2.69% p.a.

3.19% p.a.

$0.00

UBank UHomeLoan (Fixed)

2.69% p.a.

3.19% p.a.

$0.00

2.84% p.a.

3.22% p.a.

$0.00

UBank UHomeLoan (Fixed)

2.84% p.a.

3.22% p.a.

$0.00

2.84% p.a.

3.59% p.a.

$0.00

UBank UHomeLoan (Fixed)

2.84% p.a.

3.59% p.a.

$0.00

2.99% p.a.

3.62% p.a.

$0.00

UBank UHomeLoan (Fixed)

2.99% p.a.

3.62% p.a.

$0.00

Mozo Review   UBank UHomeLoan (Fixed) Review

Last updated: 29 October 2019.

What's hot:
  • Two Mozo Experts Choice Awards 2019

  • Competitive rates for range of fixed terms

  • Online application

What's not:
  • No redraw facility

Mozo snapshot:

Want to lock in a low home loan rate? Online lender UBank's UHomeLoan offers competitive rates for a range of fixed terms which helped it take out two 2019 Mozo Experts Choice Awards for best Fixed Rate Home Loan and best Investor Fixed Home Loan. You can apply for and manage your UHomeLoan totally online but there is a $395 application fee. 

Key features:

The UBank UHomeLoan fixed rate option comes in three varieties - 1, 3 and 5 years. For owner occupiers making principal and interest repayments, the 1 year rate is 2.74% (3.38% comparison rate*), for 3 years the rate is 2.69% (3.19% comparison rate*) and for 5 years the rate is 2.94% (3.19% comparison rate*). And you know you're getting value for money, because all three rates are some of the lowest in the Mozo database.  

With the fixed rate UHomeLoan there is a $395 application fee. You can borrow up to 80% of the property value and the loan is available for loans from $100,000 up to $1,000,000 up to a 30 year period.

One of the great benefits of choosing to get your home loan with an online lender is that you can apply for your home loan when it suits you and manage the whole thing from the comfort of your couch.

You can choose weekly, fortnightly or monthly repayments and while you can make extra repayments there isn't a redraw facility with the fixed rate loan so you won't be able to redraw the money again should you need it later on.

Who it's good for:

Those that want interest rate and repayment certainty for a set period of time and feel comfortable doing all the work over the web or via a call centre.

Any catches?

If you find yourself flushed with cash you can make extra repayments with the UHomeLoan fixed loan but just be aware that this is capped at $20,000 over the life of the loan.

While UBank is backed by NAB you don't have access to a branch network but 24/7 online and phone support should be all you need for securing and managing your home loan.

Details

Rates and fees information correct as at 14 November 2019. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.74% (3.38%*)

  • n/a

  • 2.69% (3.19%*)

  • n/a

  • 2.94% (3.19%*)

  • n/a

  • n/a

  • 3.42% p.a.

Fees
  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • 1 year fixed rate reverts to 3.67%. 3 and 5 year fixed rate terms revert to 3.57% inclusive of 0.10% p.a loyalty discount.

  • 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 14 November 2019. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% (3.40%*)

  • n/a

  • 2.84% (3.22%*)

  • n/a

  • 3.09% (3.25%*)

  • n/a

  • n/a

  • 3.42% p.a.

Fees
  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • 1 year fixed rate reverts to 3.67%. 3 and 5 year fixed rate terms revert to 3.57% inclusive of 0.10% p.a loyalty discount.

  • 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 14 November 2019. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% (3.84%*)

  • n/a

  • 2.84% (3.59%*)

  • n/a

  • 3.24% (3.61%*)

  • n/a

  • n/a

  • 3.91% p.a.

Fees
  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • 1 year fixed rate reverts to 4.16%. 3 and 5 year fixed rate terms revert to 4.06% inclusive of 0.10% p.a loyalty discount.

  • 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 14 November 2019. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.04% (3.86%*)

  • n/a

  • 2.99% (3.62%*)

  • n/a

  • 3.39% (3.67%*)

  • n/a

  • n/a

  • 3.91% p.a.

Fees
  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • 1 year fixed rate reverts to 4.16%. 3 and 5 year fixed rate terms revert to 4.06% inclusive of 0.10% p.a loyalty discount.

  • 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 customer rating
8.4/10
Price
9.5/10
Features
6.8/10
Customer service
8.2/10
Convenience
7.6/10
Trust
8.2/10
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.

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2.99% p.a.

2.99% p.a.

$0.00

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3.24% p.a.

3.24% p.a.

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3.24% p.a. variable

3.28% p.a.

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3.19% p.a. variable

3.23% p.a.

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2.77% p.a. variable

2.78% p.a.

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2.99% p.a.
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3.72% p.a.

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RateSaver (Fixed)

3.49% p.a.
fixed 3 years

3.90% p.a.

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2.90% p.a.

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2.84% p.a. variable

2.84% p.a.

$0

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Simplicity PLUS

3.24% p.a. variable

3.28% p.a.

$0

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3.03% p.a. variable

3.04% p.a.

$0

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Rate Buster High Lend Variable

2.77% p.a. variable

2.78% p.a.

$0

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Real Deal Home Loan

3.19% p.a. variable

3.23% p.a.

$0

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RateSaver (Fixed)

3.49% p.a.
fixed 3 years

3.90% p.a.

$500

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Achieve Variable Home Loan

3.20% p.a. variable

3.25% p.a.

$835

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2.88% p.a. variable

2.90% p.a.

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UHomeLoan - Discount Offer

2.84% p.a. variable

2.84% p.a.

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Rate Buster High Lend Variable

2.77% p.a. variable

2.78% p.a.

Promoted

Suncorp

Suncorp

Back to Basics

3.03% p.a. variable

3.04% p.a.

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ANZ

ANZ

Simplicity PLUS

3.24% p.a. variable

3.28% p.a.

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UHomeLoan - Discount Offer

2.84% p.a.

2.84% p.a.

$0

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Smart Home Loan

2.88% p.a.

2.90% p.a.

$520

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Simplicity PLUS

3.24% p.a.

3.28% p.a.

$0

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Suncorp

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Back to Basics

3.03% p.a.

3.04% p.a.

$0

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Real Deal Home Loan

3.19% p.a.

3.23% p.a.

$0

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Rate Buster High Lend Variable

2.77% p.a.

2.78% p.a.

$0

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Achieve Variable Home Loan

3.20% p.a.

3.25% p.a.

$835

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2.84% p.a.

2.85% p.a.

$0

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2.69% p.a.
fixed 3 years

3.19% p.a.

$395

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Fixed Home Loan

2.99% p.a.
fixed 3 years

3.27% p.a.

$520

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Suncorp

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Fixed Home Loan (Home Package Plus)

2.89% p.a.
fixed 3 years

3.70% p.a.

$0

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2.98% p.a.
fixed 3 years

4.06% p.a.

$0

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RateSaver (Fixed)

3.49% p.a.
fixed 3 years

3.90% p.a.

$500

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2.84% p.a.
fixed 3 years

3.44% p.a.

$799

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n/a

n/a

$395

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2.98% p.a.
fixed 3 years

4.29% p.a.

$835

*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.