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UBank UHomeLoan

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, 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, Interest Only)

    LVR < 80%

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

Rate
3.07% p.a.variable for 36 months and then 2.97% p.a.
Comparison Rate*
3.00% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.36% p.a.variable for 36 months and then 3.26% p.a.
Comparison Rate*
3.29% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.56% p.a.variable for 36 months and then 3.46% p.a.
Comparison Rate*
3.49% p.a.
Service fee
$0.00
Upfront fee
$0

Details

Rates and fees information correct as at 27 September 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
  • 2.97% p.a.

  • 3.07% p.a.

  • 36 Months

  • Variable

  • 3.00% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • 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 27 September 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
  • 3.26% p.a.

  • 3.36% p.a.

  • 36 Months

  • Variable

  • 3.29% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • 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 27 September 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
  • 3.46% p.a.

  • 3.56% p.a.

  • 36 Months

  • Variable

  • 3.49% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • no

  • $0.00

  • yes

  • no

  • none

  • 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
7.4/10
Price
9.0/10
Features
6.1/10
Customer service
6.6/10
Convenience
5.9/10
Trust
7.1/10

Latest reviews of UBank UHomeLoan

  • Overall 9/10
    Lowest rates no frills

    Lowest home loan interest rate, no frills, underwritten by NAB. No branches, can take a while to set up with all the paperwork but once you do, you will be saving tens of thousands of dollars. Well worth the effort!

    Read full review

    Lowest home loan interest rate, no frills, underwritten by NAB. No branches, can take a while to set up with all the paperwork but once you do, you will be saving tens of thousands of dollars. Well worth the effort!

    Price
    10/10
    Features
    9/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Natalie, Western Australia reviewed about 2 months ago
  • Overall 7/10
    Fix redraw facility.

    Love this banks low rates. However I hate their redraw facility and how it seems to be in a constant state of recalculation. Payments are deducted from redraw before being debited from your account and the whole process takes too long to recalculate once you make payment. It takes weeks for accurate amounts to reflect and the money visible to the customer is always lower than what is actually in there. Needs to be fixed urgently.

    Read full review

    Love this banks low rates. However I hate their redraw facility and how it seems to be in a constant state of recalculation. Payments are deducted from redraw before being debited from your account and the whole process takes too long to recalculate once you make payment. It takes weeks for accurate amounts to reflect and the money visible to the customer is always lower than what is actually in there. Needs to be fixed urgently.

    Price
    10/10
    Features
    4/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Nes, Victoria reviewed 3 months ago
  • Overall 10/10
    Great online bank with great customer service. A++

    When I had a mortgage, they had by far the best rate for a mortgage without an offset account (wasn't an investment property so didn't need it). None of the other banks could come close. Also got Aussie call centres so they provided great customer service. Can't really fault them besides not having an offset account.

    Read full review

    When I had a mortgage, they had by far the best rate for a mortgage without an offset account (wasn't an investment property so didn't need it). None of the other banks could come close. Also got Aussie call centres so they provided great customer service. Can't really fault them besides not having an offset account.

    Price
    9/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Andrew, New South Wales reviewed 5 months ago
  • Overall 7/10
    Good rate, no bells and whistles.

    Good rate, no bells and whistles.

    Read full review

    Good rate, no bells and whistles.

    Price
    9/10
    Features
    3/10
    Customer service
    7/10
    Convenience
    4/10
    Trust
    7/10
    Less
    Tanya, Victoria reviewed 8 months ago
  • Overall 10/10
    I would use them anytime for a home loan.

    Customer service is outstanding. I can send them a message in Facebook messenger and they will call me back to discuss my issues. UBank was really easy to apply for a home loan over the net.

    Read full review

    Customer service is outstanding. I can send them a message in Facebook messenger and they will call me back to discuss my issues. UBank was really easy to apply for a home loan over the net.

    Price
    -1/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Matt, Queensland reviewed 11 months 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.

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UHomeLoan - Discount Offer

2.49% p.a. variable

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Variable Home Loan Special

2.19% p.a. variable

2.22% p.a.

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2.39% p.a. variableApply now to get this rate from 30 Sep

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2.68% p.a. variable

2.69% p.a.

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2.48% p.a. variable

2.50% p.a.

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Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

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UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

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AcceleRATES Variable Home Loan

2.39% p.a. variableApply now to get this rate from 30 Sep

2.39% p.a.Apply now to get this rate from 30 Sep

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AMP Bank

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Variable Rate Loan (Professional Package)

2.59% p.a. variable

3.00% p.a.

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homeloans.com.au

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Low Rate Home Loan

2.54% p.a. variable

2.55% p.a.

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Mortgage Simplifier

2.49% p.a.

2.52% p.a.

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loans.com.au

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Smart Home Loan

2.48% p.a.

2.50% p.a.

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Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

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UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

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homeloans.com.au

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Low Rate Home Loan

2.54% p.a.

2.55% p.a.

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Athena

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AcceleRATES Variable Home Loan

2.39% p.a.Apply now to get this rate from 30 Sep

2.39% p.a.Apply now to get this rate from 30 Sep

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IMB Bank

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Budget Home Loan

2.61% p.a.

2.67% p.a.

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Variable Home Loan Special

2.19% p.a.

2.22% p.a.

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Fixed Rate Loan (Owner Occupiers with Orange Advantage)

2.34% p.a.
fixed 3 years

3.67% p.a.

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UHomeLoan (1 Year Fixed)

n/a

n/a

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Suncorp

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Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

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HSBC

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Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

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Fixed Home Loan

n/a

n/a

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Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% p.a.

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Bank of Queensland

Bank of Queensland

Fixed Rate

2.25% p.a.
fixed 3 years

3.41% p.a.

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Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.60% p.a.

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ING

ING

Mortgage Simplifier

2.49% p.a.

2.52% p.a.

$0.00

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Smart Home Loan

2.48% p.a.

2.50% p.a.

$0.00

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Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

$10.00 monthly

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Athena

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AcceleRATES Variable Home Loan

2.39% p.a.Apply now to get this rate from 30 Sep

2.39% p.a.Apply now to get this rate from 30 Sep

$0.00

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Low Rate Home Loan

2.54% p.a.

2.55% p.a.

$0.00

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AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a.

3.00% p.a.

$349.00 yearly

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ING

ING

Orange Advantage (Package)

2.54% p.a.

2.89% p.a.

$299.00 yearly

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Athena

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AcceleRATES Variable Home Loan

2.54% p.a.Apply now to get this rate from 30 Sep

2.46% p.a.Apply now to get this rate from 30 Sep

$0.00

*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.