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| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.53% p.a. | 5.90% p.a. | $2,848 | Principal & Interest | Fixed | $250 | $250 | 80% | |||||||||||||
5.53% p.a. | 5.86% p.a. | $2,848 | Principal & Interest | Fixed | $250 | $250 | 70% | |||||||||||||
5.53% p.a. | 6.14% p.a. | $2,848 | Principal & Interest | Fixed | $250 | $null | 85% | |||||||||||||
5.53% p.a. | 6.02% p.a. | $2,848 | Principal & Interest | Fixed | $250 | $250 | 80% | |||||||||||||
5.53% p.a. | 5.94% p.a. | $2,848 | Principal & Interest | Fixed | $250 | $250 | 60% | |||||||||||||
5.53% p.a. | 5.86% p.a. | $2,848 | Principal & Interest | Fixed | $250 | $250 | 60% | |||||||||||||
5.53% p.a. | 5.98% p.a. | $2,848 | Principal & Interest | Fixed | $250 | $250 | 70% | |||||||||||||
5.58% p.a. | 5.87% p.a. | $2,864 | Principal & Interest | Fixed | $250 | $250 | 60% |
Important Information and Comparison Rate Warning
What you need to know about ubank home loans
ubank, a digital bank owned by National Australia Bank (NAB), offers a streamlined online platform for banking, focusing on a feature-full app, competitive rates, and a simple application process.
The lender offers both fixed and variable rate home loans, with the option to attach multiple 100% offset accounts to its Flex variable product.
ubank might be a good solution for your mortgage needs if you:
- Want competitive rates
ubank routinely offers some of the market's lowest home loan interest rates, whether you're after a fixed or variable rate mortgage. - Value the flexibility of offset accounts
ubank allows borrowers turning to its Flex variable home loan product to open multiple 100% offset accounts, providing greater flexibility to those who would benefit. - Have a deposit of at least 15%
ubank doesn't lend to borrowers with loan-to-value ratios (LVR) of more than 85%. - Have an LVR of 80-85% and don't want to pay for Lenders Mortgage Insurance (LMI)
One area in which ubank stands out is related to LMI. The bank doesn't have an LMI provider and doesn't ask borrowers with LVRs of between 80% and 85% pay for the product. - Don't mind managing your home loan online
ubank is a digital-only lender, meaning borrowers can't manage their mortgages in person. - Like being backed by one of Australia's largest banks
ubank is a subsidiary of NAB. Some borrowers might find peace of mind in their home loan being backed by one of the big four banks.
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