Since 2007, UBank has been providing Australians with a wide range of banking products, including home and car loans and savings and transaction accounts. UBank makes applying for a home loan fast and simple with 24 hour a day customer support. UBank is an online-only lender which is backed by NAB.
WHO IS IT FOR?
UBank products are suitable for full-time employees who have a good deposit saved and are looking to buy (or refinance) an established property.
Since UBank is an online bank, most of the interaction with them is electronic. Therefore, you should be comfortable with completing your application and sending through your documentation using online means, rather than visiting a branch. The fact that UBank is a branch-free bank means their overheads are lower, and that rolls down to their products. If avoiding fees and getting the best rate is your highest priority (rather than product features and face to face service) then UBank is a lender worth considering.
UBank Value Offer
Enjoy a homeloan with $0 application fee, $0 ongoing fees and redraw facilities available. Min. 20% deposit required.
Frequently asked questions about UBank
Here are a few key questions some of our users have asked with respect to UBank. If you want to know more, you can read our expert review or contact UBank directly.
UBank has won numerous awards, including Money Magazine’s “Best of the Best” award, the BAI Financial Global Product Innovation Award for its refinance mortgage UHomeloan, and the 2012 Australian Lending Award for Best Online Operator. Home loan customers can contact UBank 24 hours a day by calling the customer support hotline (1300 822 630) or by using Skype.
Although UBank offers the perks of a small lender, it is backed by one of the largest lenders in the home loan market, National Australia Bank (NAB).
UBank home loans allow loan terms of up to 30 years.
UBank home loans do not offer an offset account. However, UBank home loans come with a redraw facility, enabling you to make as many extra repayments as you want, as well as fee-free redraws!
UBank fixed rate owner occupied loans
UBank variable rate owner occupied loans
UBank investor home loans
UBank mortgage repayment calculator
- Flexible loan options.
- Loans have no ongoing or application fees.
- Fast application and turnaround process.
- Some loans offer additional discounts.
- No branch network.
- Loans require a minimum deposit of 20 per cent or more.
- Loans don’t offer offset accounts.
- Not available for self employed
- Not available for off the plan
As UBank is an online-only lender, it does not have any branches or mobile lenders. Home loan customers can contact UBank 24 hours a day by calling the customer support hotline or by using Skype.
✓ Phone: 1300 822 630
UBank Home Loan Calculator
Cash Out Amount
Remaining loan term:
26 years and 8 months
Savings over 10 years
Savings Over Years
Estimated upfront fees
Go To Site
Savings Over Years$31.4kSavings over 10 years
Advertised rate3.99%Fixed - 3 years
Savings Over Years$25.4kSavings over 10 years
Savings Over Years$23kSavings over 10 years
Savings Over Years$21.1kSavings over 10 years
Advertised rate3.69%Fixed - 1 year
Savings Over Years$32.6kSavings over 10 years
Advertised rate4.39%Fixed - 5 years
Savings Over Years$15.6kSavings over 10 years
UBank Home Loans
UBank UHomeLoan Loan InvestorVariable
You don’t have to leave home to apply for a home loan from UBank. Stay in and complete the UBank UHomeLoan application entirely online, knowing UBank will keep you in the loop throughout the entire process.
UBank Investor Extra Offer Loan InvestorVariableRefinancer
If you are way beyond the first home loan merry-go-round, or are looking for a more speculative property loan then the UBank Investor Offer Loan may be just what you need.
UBank Value Offer Loan Variable
The UBank Value Offer Loan is a standard online home loan with low fees and plenty of flexibility in terms of repayment options.
How to Apply
Customers wanting to apply for a UBank loan can apply by filling out an online application form or by calling the bank. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:
- Name and contact details of each borrower.
- Proof of income and employment.
- List of income and expenses including credit card loans and car loans.
- Property details like the contract of sale.