This investor home loan from UBank is specifically designed for investors who are looking for a competitive low rate.
Even though the rate is slightly higher than their owner-occupier rate, it is still one of the cheaper options on the market for investors – just be aware that you will need a minimum deposit of 20 per cent to secure this low rate deal.
While the UBank Investor Extra Offer loan doesn’t include an offset account, it does offer a redraw facility.
It also lets you make additional repayments if you want to get ahead on your mortgage and pay down your loan faster.
If you happen to change your mind and want to alter the purpose of this loan to an owner occupier status, be aware the loan will revert to the relevant standard variable rate.
Who is the Investor Extra Offer Loan good for?
This loan is designed specifically for investors, with a competitive low rate and very few fees.
Investors will need a minimum deposit of 20 percent in order to take advantage of the discount on offer.
Review - What RateCity says
The UBank Investor Extra Offer Loan is great for all types of investors – whether you’re looking to start out in the investment housing market or a savvy investor looking to grow a portfolio.
The attractiveness of this loan is its competitiveness. It offers great low rates and very few fees, which can be a rare combination to find in the mortgage market.
The downsides are limited – you’ll need a decent amount of equity to qualify for this loan, plus proof of regular income. If you are nervous about smaller lenders, UBank could be a good option for you as it is backed by a big bank, however it is always wise to do your research first.
UBank Investor Extra Offer Loan Options
The UBank Investor Extra Offer Loan allows you to look at an interest only repayment option or principal and interest repayments. Explore the options available by following the links below.
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