ubank home loans

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.

Other available products

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Mark Bristow

Personal Finance Editor

Content updated

17 Oct, 2022

Product data updated

21 Dec, 2024

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

Home Loans calculator

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

Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

Compare home loans

All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

Contact a mortgage broker

ubank home loans are available through brokers who can help find the right loan and manage your application at no charge.

Arnab Baral

VIC3030

Australian Credit Licence: 384324

4.9

162 Google reviews

Get expert advice from a home loans specialist.

Arnab Baral is a distinguished Mortgage Broker at Cinch Loans, proudly serving the community across Australia. With a we...

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Aileen Ho

NSW2000

Customer Representative Number: 392035

5.0

136 Google reviews

Get expert advice from a home loans specialist.

Aileen has over 10 years of banking experience across the two major banks, Westpac and ANZ and as a Mortgage Broker sinc...

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John Fulford

NSW2292

Customer Representative Number: 515694

5.0

6 Google reviews

Get expert advice from a home loans specialist.

John enjoy’s helping people achieve their goals and has a passion for property. For 6 years now at Newcastle Finance Br...

View Profile

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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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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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.

ubank home loans

Why choose ubank

Benefits

Drawbacks

ubank Home Loans