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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 principal & interest loan between $100,000 and $2,000,000 with an LVR below 85%

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 owner occupier taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 85%

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 (Principal & Interest)

    LVR 80%-85%

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

  • Owner Occupier (Interest Only)

    LVR < 80%

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

  • Owner Occupier (Interest Only)

    LVR 80%-85%

    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
1.85% p.a.
Comparison Rate
2.24% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Fixed 3 year rate
2.05% p.a.
Comparison Rate
2.41% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
2.09% p.a.
Comparison Rate
2.30% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Fixed 3 year rate
2.29% p.a.
Comparison Rate
2.47% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
2.09% p.a.
Comparison Rate
2.46% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Fixed 3 year rate
2.24% p.a.
Comparison Rate
2.50% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site

Mozo editorial review UBank UHomeLoan (Fixed) - last updated: 3 September 2021

5 / 5
binocular icon
What's hot
  • 2021 Mozo Experts Choice Award winner
  • 3-year fixed rate of just 1.85% p.a. (2.24% p.a. comparison rate*)
  • Competitive rates for range of fixed terms
What's not
  • No redraw facility
Mozo snapshot

Want to lock in a low home loan rate? The UBank UHomeLoan offers some of the most competitive rates around on a range of fixed terms, which helped it take out and additional two 2021 Mozo Experts Choice Awards for best Split Home Loan and Investor Fixed Home Loan.

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Key features

The UBank UHomeLoan fixed rate option comes with three term options: 1, 3 or 5 years. For owner occupiers making principal and interest repayments, the 1 year rate is 1.79% p.a. (2.32% p.a. comparison rate*), the 3 year rate is 1.85% p.a. (2.24% p.a. comparison rate*) and for 5 years the rate is 2.49% p.a. (2.42% p.a. comparison rate*).

For investors making principal and interest repayments, the 1 year rate is 2.14% p.a. (2.54% p.a. comparison rate*), the 3 year rate is 2.09% p.a. (2.46% p.a. comparison rate*) and for 5 years the rate is 2.54% p.a. (2.57% p.a. comparison rate*).

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. Plus the normal $395 application fee is waived for fixed home loans that are settled by 30 September, 2022.  

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.

snapshot
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 during the fixed period 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.

Picture of Tom Watson
Tom Watson
Finance journalist

Tom Watson is a financial journalist at Mozo and co-host of the Finance Burrito podcast, specialising in fintech, property and business banking. Whether it’s reporting on banking trends or uncovering the latest product innovations, Tom’s mission is to keep our readers up to date with breaking Australian financial news. His work is often sourced in the media and across social media channels. Tom has a degree in Journalism from the University of Technology, Sydney. He is also ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 26 September 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

n/a

n/a

n/a

n/a

1.79% (2.32%*)

n/a

1.85% (2.24%*)

n/a

2.49% (2.42%*)

n/a

n/a

2.34% p.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

Weekly, Fortnightly, Monthly

yes - free up to $20,000 during fixed rate term

no

no

none

yes

no

none

none

$395 Establishment fee waived for fixed rate loans that settle by 30 September 2022.

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 September 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

n/a

n/a

n/a

n/a

1.99% (2.47%*)

n/a

2.05% (2.41%*)

n/a

2.69% (2.59%*)

n/a

n/a

2.49% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$100,000

$2,000,000

80.00%

85.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $20,000 during fixed rate term

no

no

none

yes

no

none

none

$395 Establishment fee waived for fixed rate loans that settle by 30 September 2022.

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 September 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

n/a

n/a

n/a

n/a

2.14% (2.35%*)

n/a

2.09% (2.30%*)

n/a

2.59% (2.46%*)

n/a

n/a

2.34% p.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

Weekly, Fortnightly, Monthly

yes - free up to $20,000 during fixed rate term

no

no

none

yes

no

none

none

$395 Establishment fee waived for fixed rate loans that settle by 30 September 2022.

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 September 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

n/a

n/a

n/a

n/a

2.34% (2.50%*)

n/a

2.29% (2.47%*)

n/a

2.79% (2.63%*)

n/a

n/a

2.49% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$100,000

$2,000,000

80.00%

85.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $20,000 during fixed rate term

no

no

none

yes

no

none

none

$395 Establishment fee waived for fixed rate loans that settle by 30 September 2022.

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 September 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

n/a

n/a

n/a

n/a

2.14% (2.54%*)

n/a

2.09% (2.46%*)

n/a

2.54% (2.57%*)

n/a

n/a

2.55% p.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

Weekly, Fortnightly, Monthly

yes - free up to $20,000 during fixed rate term

no

no

none

yes

no

none

none

$395 Establishment fee waived for fixed rate loans that settle by 30 September 2022.

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 September 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

n/a

n/a

n/a

n/a

2.29% (2.55%*)

n/a

2.24% (2.50%*)

n/a

2.64% (2.61%*)

n/a

n/a

2.55% p.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

Weekly, Fortnightly, Monthly

yes - free up to $20,000 during fixed rate term

no

no

none

yes

no

none

none

$395 Establishment fee waived for fixed rate loans that settle by 30 September 2022.

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.

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About UBank

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.