UHomeLoan - Standard Variable OO (Interest Only)
- Last updated on 08 Apr 2020
Home Value Home Loan
specialGet a low variable interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.
Home Value Loan
based on $350,000 loan amount for 25 years
- No upfront or ongoing fees
- Extra repayments + redraw services
- Free redraw facility
- Repayments may decrease if RBA cuts rates
- Repayments may increase if RBA raises rates
Interest rate structure
$100k - $2m
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
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Since 2007, UBank has been providing Australians with a wide range of banking products, including home loans and savings and transaction accounts. UBank makes applying for a home loan fast and simple with 24 hour customer support. UBank is an online-only lender that is backed by NAB.
Since UBank is an online bank, you’ll need to be comfortable completing a UBank home loan application online, rather than by visiting a branch. With no branches to manage, UBank is able to offer lower interest rates and fees than other more traditional banks.
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 by phone, email, or online via the UBank website.
The standard variable rate (SVR) is the interest rate a lender applies to their standard home loan. It is a variable interest rate which is normally used as a benchmark from which they price their other variable rate home loan products.
A standard variable rate home loan typically includes most, if not all the features the lender has on offer, such as an offset account, but it often comes with a higher interest rate attached than their most ‘basic’ product on offer (usually referred to as their basic variable rate mortgage).