Lender
Advertised rate Comparison rate* Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval

FixedMore details

3 Year Fixed (Owner Occupied Principal & Interest) (LVR < 80%)

FixedMore details

Inv UHomeLoan Fixed (Principal and Interest) 1 Year

VariableMore details

Discount Offer Variable Home Loan OO P&I (LVR < 80%)

FixedMore details

Inv UHomeLoan Fixed (Principal and Interest) 3 Years

FixedMore details

Inv UHomeLoan Fixed (Interest Only) 1 Years

VariableMore details

Discount Offer for Investor Variable P&I Rate

VariableMore details

Discount Offer Variable Home Loan OO P&I (LVR > 80%)

FixedMore details

3 Year Fixed (Owner Occupied Principal & Interest) (LVR > 80%)

FixedMore details

Inv UHomeLoan Fixed (Interest Only) 3 Years

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given Rates correct as of January 17, 2022.

One of the few online-only lenders in Australia, UBank has been providing Australians with a wide range of banking products, including home and car loans plus savings and transaction accounts since 2008.

UBank makes applying for a home loan fast and simple with 24-hour a day customer support. The company is backed by NAB, one of Australia's big four. Because they are entirely online, their overheads are lower, meaning they can afford to provide borrowers with lower rates and fees.

While UBank has no branches for customers to visit directly, they have a great online banking presence, as well as a 24/7 call centre based in Australia. For any branch-free bank, customer service has to be top notch, otherwise they won't survive.

As borrowers can only apply for a loan online, it's important to make sure you have all the available information you'll need to apply for a loan. Be sure you have the following available:

  • Proof of Identification: Enough to pass the 100 point check, which can include your passport, birth certificate, etc.
  • You will need to be able to provide evidence of your financial details when you apply, so make sure you hang on to your tax returns, pay slips, and other financial details.
  • You’ll need to agree to a credit check.
  • A list of your income against your expenses, which will show the lender a more complete view of your current financial situation as far as incoming and outgoing cash flow is concerned.
  • A list of assets and debts - assets include things like existing properties and investments as well as savings, while debts are any open lines of credit or other loans, etc.
  • Details about the property you're planning to buy, such as the price of the property and how much you are looking to borrow.

Additionally, anyone looking to refinance will need to provide statements the last six months of their existing loans, and anyone looking for a construction loan will have to provide proof of sale, council approved plans, and building quotes.

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