UBank UHomeLoan (Fixed)

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 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

3.74% p.a.

4.01% p.a.

$0.00

UBank UHomeLoan (Fixed)

3.74% p.a.

4.01% p.a.

$0.00

3.74% p.a.

4.01% p.a.

$0.00

UBank UHomeLoan (Fixed)

3.74% p.a.

4.01% p.a.

$0.00

3.99% p.a.

4.44% p.a.

$0.00

UBank UHomeLoan (Fixed)

3.99% p.a.

4.44% p.a.

$0.00

3.99% p.a.

4.44% p.a.

$0.00

UBank UHomeLoan (Fixed)

3.99% p.a.

4.44% p.a.

$0.00

Mozo Review   UBank UHomeLoan (Fixed) Review

Last updated: 25 September 2018.

What's hot:
  • Mozo's Experts Choice Award Winner 2018

  • 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 a 2018 Mozo Experts Choice Award for 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. The 1 year rate is a low 3.59% p.a., for 3 years the rate is 3.74% p.a and for 5 years the rate is 4.09% p.a.

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 December 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.59% (4.14%*)

  • (*)

  • 3.74% (4.01%*)

  • (*)

  • 4.09% (4.10%*)

  • (*)

  • (*)

  • 4.17% p.a.

Fees
  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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 4.17%. 3 and 5 year fixed rate terms revert to 4.07% inclusive of 0.10% p.a loyalty discount.

  • 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 December 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.59% (4.14%*)

  • (*)

  • 3.74% (4.01%*)

  • (*)

  • 4.09% (4.10%*)

  • (*)

  • (*)

  • 4.17% p.a.

Fees
  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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 4.17%. 3 and 5 year fixed rate terms revert to 4.07% inclusive of 0.10% p.a loyalty discount.

  • 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 December 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.99% (4.62%*)

  • (*)

  • 3.99% (4.44%*)

  • (*)

  • 4.49% (4.56%*)

  • (*)

  • (*)

  • 4.66% p.a.

Fees
  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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 4.46%. 3 and 5 year fixed rate terms revert to 4.36% inclusive of 0.10% p.a loyalty discount.

  • 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 December 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.99% (4.62%*)

  • (*)

  • 3.99% (4.44%*)

  • (*)

  • 4.49% (4.56%*)

  • (*)

  • (*)

  • 4.66% p.a.

Fees
  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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 4.46%. 3 and 5 year fixed rate terms revert to 4.36% inclusive of 0.10% p.a loyalty discount.

  • 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
5.2/10
Price
8.4/10
Features
5.4/10
Customer service
4.5/10
Convenience
4.7/10
Trust
4.9/10

Latest reviews of UBank UHomeLoan (Fixed)

  • Overall
    9/10
    Dependable

    Took long time processing application, Cheapest interest rate, can withdraw money from loan

    Took long time processing application, Cheapest interest rate, can withdraw money from loan

    Price
    10/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    8/10

    Silda | Queensland

    reviewed almost 3 years ago

  • Overall
    10/10
    Quality customer service!

    Application process was simple, quick & efficient. Interest rates are competitive & redraw...

    Application process was simple, quick & efficient. Interest rates are competitive & redraw facilities are an added bonus.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    8/10

    Kerry | New South Wales

    reviewed over 3 years ago

  • Overall
    10/10
    Online, on time and sublime!

    They are froozling awesome, as they have the most bodacious interest rates, and wickedly super...

    They are froozling awesome, as they have the most bodacious interest rates, and wickedly super simple online services. Ubank are a force to be reckoned with... Ubank, Ubetcha!

    Price
    10/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Aldo | Victoria

    reviewed about 5 years ago

  • Overall
    10/10
    Great product but customer service could improve

    I have a split loan. The majority is fixed rate interest only and UBank had the lowest interest...

    I have a split loan. The majority is fixed rate interest only and UBank had the lowest interest rate by far. Went from well over $600 per fortnight on a variable loan with my old bank to just over $600 per month with a split UBank loan. Application process was very frustrating though. I loved the tracker but some of the pedantics with the documentation I needed to provide were unnecessary, and I was constantly phoning for clarification just to keep things moving.

    Price
    10/10
    Features
    10/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    10/10

    Name not supplied | Queensland

    reviewed about 5 years ago

  • Overall
    2/10
    Good rates, service is friendly but not helpful

    The rates were great, so looked at the 3 year fixed rate home loan. I've had savings and term...

    The rates were great, so looked at the 3 year fixed rate home loan. I've had savings and term deposits with U bank and been really happy, so thought it would flow through. The application questions were easy, but a bit too simple. It's a refinance only option - I wanted to move my existing home loan across and put a lump sum in as well (it was the lump sum that reduced the borrowing to be less than 80% of the value). The online application didn't cope with this in any form, so I called the call centre. Calls were picked up (can't say 'answered') promptly, and that was where the help ended. When I asked questions, I kept being told "I can't give you any advice". I work in the finance industry, I understand a general advice model and my questions could have been answered, but the help I got implied that it's easier to say nothing. In the end, because I couldn't get an answer on how to apply to do what I wanted, I refinanced with my existing bank - their staff COULD answer questions!

    Price
    9/10
    Features
    6/10
    Customer service
    1/10
    Convenience
    1/10
    Trust
    7/10

    Kay | South Australia

    reviewed about 6 years ago

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 - Offer

3.74% p.a.

3.74% p.a.

$0.00

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UHomeLoan - Investor Extra Offer

3.99% p.a.

3.99% p.a.

$0.00

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Essentials Variable

3.64% p.a. variable

3.66% p.a.

$520

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Home Value Loan

3.59% p.a. variable

3.61% p.a.

$150

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UHomeLoan - Offer

3.59% p.a. variable

3.59% p.a.

$0

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Queensland Country Credit Union

Queensland Country Credit Union

Discount Ultimate Home Loan (Package)

3.61% p.a. variable

3.97% p.a.

$0

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Well Home Loans

Well Home Loans

Well Balanced

3.49% p.a. variable

3.53% p.a.

$600

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Bank Australia

Bank Australia

Basic Home Loan

3.65% p.a. variable

3.66% p.a.

$0

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Homestar

Homestar

Variable Rate Loan

3.54% p.a. variable

3.59% p.a.

$567

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Virgin Money

Virgin Money

Reward Me Variable Rate Home Loan

3.68% p.a. variable

3.82% p.a.

$150

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loans.com.au

loans.com.au

Essentials Variable

3.64% p.a.

3.66% p.a.

$520

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Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

3.99% p.a.

4.38% p.a.

$0

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HSBC

HSBC

Home Value Loan

3.59% p.a.

3.61% p.a.

$150

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Bank Australia

Bank Australia

Basic Home Loan

3.65% p.a.

3.66% p.a.

$0

Promoted

UBank

UBank

UHomeLoan - Offer

3.59% p.a.

3.59% p.a.

$0

Promoted

Homestar

Homestar

Variable Rate Loan

3.54% p.a.

3.59% p.a.

$567

Promoted

Well Home Loans

Well Home Loans

Well Balanced

3.49% p.a.

3.53% p.a.

$600

Promoted

NAB

NAB

Base Variable Rate Home Loan

3.87% p.a.

3.91% p.a.

$600

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loans.com.au

loans.com.au

Smart Loan Fixed (Package)

3.99% p.a.
fixed 3 years

4.31% p.a.

$520

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Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan

4.04% p.a.
fixed 3 years

4.84% p.a.

$0

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UBank

UBank

UHomeLoan (Fixed)

3.74% p.a.
fixed 3 years

4.01% p.a.

$395

Promoted

Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

3.87% p.a.
fixed 3 years

4.02% p.a.

$150

Promoted

Bank Australia

Bank Australia

Basic Home Loan (Fixed)

3.89% p.a.
fixed 3 years

3.91% p.a.

$0

Promoted

Well Home Loans

Well Home Loans

Well Balanced Fixed

3.83% p.a.
fixed 3 years

3.62% p.a.

$600

Promoted

NAB

NAB

Tailored Home Loan (Fixed, Choice Package)

3.99% p.a.
fixed 3 years

4.86% p.a.

$0

Promoted

Beyond Bank

Beyond Bank

Fixed Rate Total Home Loan (Package)

3.83% p.a.
fixed 3 years

4.89% p.a.

$0

*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.