UBank UHomeLoan (Variable Rate)
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
UBank Launch the UHomeLoan
After providing customers with some of the most competitive savings and term deposit accounts on the Australian market, UBank has brought to the table their first home loan product, the UHomeLoan. With a market leading interest rate, $0 application or ongoing admin fees, this highly competitive loan looks to shake up the current home loan market with a promise to keep mortgage repayments low and flexible.
Features of the UHome Loan
Low Ongoing Interest Rate
- An excellent variable interest rate to give you confidence that you are getting one of the best deals around.
- $0 application fees.
- $0 ongoing administration fees to weigh you down.
- No exit fees if you pay off the variable rate early or refinance to another home loan lender.
- Customers rewarded with 0.20% p.a. Loyalty Discount off on interest rate for the life the UBank Loan.
Low Fees
- $0 application fees.
- $0 ongoing administration fees to weigh you down.
- No exit fees if you pay off the variable rate early or refinance to another home loan lender.
Flexible Repayment Options
- Ability to split loan. Customers are able to split UHomeLoan up to four times. There must be a minimum split of $20,000
- Additional repayments available for both variable and fixed UHomeLoans however if all of the fixed rate loan is repaid you will need to pay break costs.
- Redraw facility available on Variable loan with a minimum of $1000
- Interest only payments for both variable and fixed loans
- Loan portability offered
- LVR-Borrow up to 80% of the purchase value
How to Apply
You can apply securely online with a step by step application with UBank Direct Home Loan Specialists always on hand to give you any assistance over the phone 24/7.
If you aren’t satisfied with your current home loan, UBank makes the refinancing process easier helping you get up and running in y easy steps. The team at UBank will work hard to have your loan settled in as little as 10 business days.
Read the official terms and conditions
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
hi i want to know whether it is a 100% offset on the variable rate.
thanks