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UBank UHomeLoan (Fixed)

Advertiser disclosure

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

Fixed 3 year rate
1.95% p.a.
Comparison Rate
2.27% p.a.
Service fee
$0.00
Upfront fee
$395
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Fixed 3 year rate
2.29% p.a.
Comparison Rate
2.35% p.a.
Service fee
$0.00
Upfront fee
$395
Go to site
Fixed 3 year rate
2.29% p.a.
Comparison Rate
2.65% p.a.
Service fee
$0.00
Upfront fee
$395
Go to site
Fixed 3 year rate
2.44% p.a.
Comparison Rate
2.69% p.a.
Service fee
$0.00
Upfront fee
$395
Go to site

Mozo editorial review UBank UHomeLoan (Fixed)

Last updated: 29 November 2020.

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What's hot
  • 2020 Home Lender Bank of the Year
  • Two Mozo Experts Choice Awards 2020
  • Online application
  • Competitive rates for range of fixed terms
What's not
  • No redraw facility
Mozo snapshot

Want to lock in a low home loan rate? 2020 Home Lender Bank of the Year, UBank, UHomeLoan offers competitive rates for a range of fixed terms which helped it take out and additional two 2020 Mozo Experts Choice Awards for best Fixed Rate Home Loan and Investor Fixed Home Loan. You can apply for and manage your UHomeLoan totally online but there is a $395 application fee. 

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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 2.14% (2.35% comparison rate*), for 3 years the rate is 1.95% (2.27% comparison rate*) and for 5 years the rate is 2.59% (2.46% comparison rate*).

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 $2,000,000.

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.

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Who is it good for

Those that want interest rate and repayment certainty for a set period of time and feel comfortable applying and managing their loan online.

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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 p.a.

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 3 December 2020. 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

  • 2.14% (2.35%*)

  • n/a

  • 1.95% (2.27%*)

  • n/a

  • 2.59% (2.46%*)

  • n/a

  • n/a

  • 2.34% 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

  • none

  • none

  • $395 Establishment fee waived for fixed rate loans that settle by 31 March 2020.

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 3 December 2020. 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

  • 2.29% (2.36%*)

  • n/a

  • 2.29% (2.35%*)

  • n/a

  • 2.74% (2.52%*)

  • n/a

  • n/a

  • 2.34% 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

  • none

  • none

  • $395 Establishment fee waived for fixed rate loans that settle by 31 March 2020.

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 3 December 2020. 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

  • 2.29% (2.72%*)

  • n/a

  • 2.29% (2.65%*)

  • n/a

  • 2.74% (2.76%*)

  • n/a

  • n/a

  • 2.74% 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

  • none

  • none

  • $395 Establishment fee waived for fixed rate loans that settle by 31 March 2020.

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 3 December 2020. 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

  • 2.44% (2.74%*)

  • n/a

  • 2.44% (2.69%*)

  • n/a

  • 2.89% (2.82%*)

  • n/a

  • n/a

  • 2.74% 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

  • none

  • none

  • $395 Establishment fee waived for fixed rate loans that settle by 31 March 2020.

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
7.1/10
Price
8.6/10
Features
6.3/10
Customer service
6.5/10
Convenience
5.7/10
Trust
7.0/10
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.

See UBank home loans

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

$0.00

UBank

UBank

UHomeLoan (1 Year Fixed)

p.a.

n/a

$0.00

loans.com.au

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.

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a. variable

2.34% p.a.

Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

Bank of Queensland

Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

UBank

UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.27% p.a.

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

2.59% p.a. variable

2.63% p.a.

loans.com.au

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.

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

UBank

UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.27% p.a.

Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a. variable

2.34% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

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.

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

Suncorp

Suncorp

Back to Basics

2.54% p.a.

2.55% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

2.59% p.a.

2.63% p.a.

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

loans.com.au

loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

UBank

UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.27% p.a.

Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.19% p.a.
fixed 3 years

3.03% p.a.

Bank of Queensland

Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

loans.com.au

loans.com.au

Fixed Home Loan

2.88% p.a.
fixed 3 years

2.89% p.a.

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.18% p.a.
fixed 3 years

3.62% p.a.

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.