Why choose ubank

Benefits

  • Some loans offer offset accounts
  • Flexible loan options
  • Fast application and turnaround process
  • Low interest rates and LVR pricing available

Drawbacks

  • Not available for self employed
  • Not available for off the plan
  • No branch network
  • Loans have application fees

ubank Home Loans

Loan amount

$

Minimum deposit

Loan type & Term

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Australian Credit Licence 230686Fees & charges apply

6.09%

6.11%

$2,274

Neat Home Loan
  • Special
  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I

Australian Credit Licence 230686Fees & charges apply

Australian Credit Licence 230686Fees & charges apply

6.14%

6.16%

$2,285

Neat Home Loan
  • Special
  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I

Australian Credit Licence 230686Fees & charges apply

Australian Credit Licence 230686Fees & charges apply

6.14%

6.16%

$2,285

Neat Home Loan
  • Special
  • Owner Occupied
  • Variable
  • 30% min deposit
  • P&I

Australian Credit Licence 230686Fees & charges apply

Australian Credit Licence 230686Fees & charges apply

6.24%

6.26%

$2,307

Investment Neat Home Loan
  • Investor
  • Variable
  • 40% min deposit
  • P&I

Australian Credit Licence 230686Fees & charges apply

Australian Credit Licence 230686Fees & charges apply

6.29%

6.31%

$2,318

Investment Neat Home Loan
  • Investor
  • Variable
  • 30% min deposit
  • P&I

Australian Credit Licence 230686Fees & charges apply

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

$
130
25 years

Your estimated mortgage repayments

at interest rate 6.09%

Total interest payable

$0

Total loan repayments

$0

Contact a mortgage broker

ubank homeloans are vailable through brokers who can help find the right loan and manage your application at no charge.

Joseph Khalil

NSW, 2122

Customer Representative Number: 528386

Matt Mara

NSW, 2027

Customer Representative Number: 530577

Julie Davidson

QLD, 4207

Customer Representative Number: 532412

ubank customer service

As ubank is an online-only lender, it does not have any branches or mobile lenders. ubank home loan customers can contact the bank via:

  • Phone
  • Mobile app (Android, iPhone)
  • Online banking
  • Email
  • Live chat

How to apply for a ubank home loan

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 any home loan, think about how much money you can afford borrow given your financial situation and income. 

You will also need to provide documentation when applying for a home loan, such as:

  • Name and contact details for each borrower.
  • Proof of income and employment.
  • List of assets, expenses and other debts, including credit cards, personal loans and car loans.
  • Property details like the contract of sale.

About ubank home loans

ubank home loans allow loan terms of up to 30 years. Options are available for investors and owner-occupiers, as well as for interest-only or principal and interest repayments. Interest rates may be variable, or can be fixed for one, three or five years. 

Some ubank home loans offer an offset account. Also, 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 home loans review

ubank is an online-only lender, so before you apply for a home loan with them, you’ll want to be comfortable making your application and managing your mortgage online or over the phone.

ubank’s home loans are available to owner occupiers and investors, with options for principal and interest or interest-only repayments. As well as variable interest rates, it’s possible to fix your interest rate for up to five years.

The interest rates on ubank home loans tend to be lower than those of larger, more traditional banks. As ubank has no branches, it can pass some of its savings on to customers. Owner-occupiers can expect to pay lower interest rates than investors, and those making principal and interest repayments can expect lower rates than those paying interest only.

ubank customers may need to budget for upfront and ongoing fees on its home home loans, and those applying for fixed rate home loans may also need to include a rate lock fee in their calculations.

ubank only offers offset accounts on some of its home loans, but customers who make extra repayments can enjoy unlimited redraws. 

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.