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Investor (Interest Only) (Extra Offer)

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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No upfront or ongoing fees
  • Extra repayments + redraw services
  • Free redraw facility
  • Repayments may decrease if RBA cuts rates
Cons:
  • Repayments may increase if RBA raises rates

Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$100k - $2m
Total repayments
Total repayments
$452,880
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$0
Application fee
Application fee
$0
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$0
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$100k - $2m
Total repayments
Total repayments
$452,880
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$0
Application fee
Application fee
$0
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$0
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

Compare and review home loans with similar features

Loan Profile
Advertised rate
Advertised rate
4.84%
Variable
Advertised rate
4.98%
Variable
Advertised rate
4.66%
Variable
Advertised rate
5.08%
Variable
Comparison rate*
Comparison rate*
4.85%
Comparison rate*
4.55%
Comparison rate*
4.59%
Comparison rate*
5.09%
Monthly repayment
Monthly repayment
$1,318
Monthly repayment
$1,339
Monthly repayment
$1,291
Monthly repayment
$1,354
Total repayments
Total repayments
$474,480
Total repayments
$482,040
Total repayments
$464,760
Total repayments
$487,440
Loan term
Loan term
30 years
Loan term
1 - 30 years
Loan term
1 - 30 years
Loan term
1 - 30 years
Loan Fees
Estimated upfront fees
Estimated upfront fees
$363.00
Estimated upfront fees
$200.00
Estimated upfront fees
$0
Estimated upfront fees
$0
Legal fee
Legal fee
$363
Legal fee
$0
Legal fee
$0
Legal fee
$0
Settlement fee
Settlement fee
$0
Settlement fee
$200
Settlement fee
$0
Settlement fee
$0
Discharge fee
Discharge fee
$400
Discharge fee
$350
Discharge fee
$0
Discharge fee
$350
Ongoing fee
Ongoing fee
$0
Ongoing fee
$0 monthly
Ongoing fee
$0
Ongoing fee
$0
Repayments Redraws
Weekly repayments
Weekly repayments
Weekly repayments
Weekly repayments
Weekly repayments
Fortnightly repayments
Fortnightly repayments
Fortnightly repayments
Fortnightly repayments
Fortnightly repayments
Interest Rate Options
Principal & interest
Principal & interest
Principal & interest
Principal & interest
Principal & interest
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ubank

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.

SPECIAL OFFER

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.

How is UBank’s customer service?

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.

Who owns UBank?

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).

What is the maximum loan term UBank allows?

UBank home loans allow loan terms of up to 30 years.

How can I make extra repayments with UBank?

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

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