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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $100,000 | $2,000,000 |
| | Owner Occupier | Interest Only | < 80% | $100,000 | $2,000,000 |
| | Investor | Principal & Interest | < 80% | $100,000 | $2,000,000 |
| | Investor | Interest Only | < 80% | $100,000 | $2,000,000 |
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
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.
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% (2.46% comparison rate*), for 3 years the rate is 2.14% (2.41% comparison rate*) and for 5 years the rate is 2.59% (2.53% 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.
Those that want interest rate and repayment certainty for a set period of time and feel comfortable applying and managing their loan online.
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.n/a
n/a
n/a
n/a
2.14% (3.01%*)
n/a
2.14% (2.41%*)
n/a
2.59% (2.53%*)
n/a
n/a
3.07% p.a.
$395.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$100,000
$2,000,000
none
80.00%
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
n/a
n/a
n/a
n/a
2.29% (3.02%*)
n/a
2.29% (2.44%*)
n/a
2.74% (2.59%*)
n/a
n/a
3.07% p.a.
$395.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$100,000
$2,000,000
none
80.00%
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
n/a
n/a
n/a
n/a
2.29% (3.47%*)
n/a
2.29% (2.74%*)
n/a
2.74% (2.83%*)
n/a
n/a
3.56% p.a.
$395.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$100,000
$2,000,000
none
80.00%
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
n/a
n/a
n/a
n/a
2.44% (3.48%*)
n/a
2.44% (2.78%*)
n/a
2.89% (2.89%*)
n/a
n/a
3.56% p.a.
$395.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$100,000
$2,000,000
none
80.00%
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
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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