UBank Home Loan - UHomeLoan. A Review.

When you've got a home loan, you can't help worrying about interest rates. But now you can easily enjoy a lower one thanks to the new UBank UHomeLoan.

The quick and simple way to refinance, the UHomeLoan features an impressive low rate of just 5.83%p.a. This great rate includes a lifetime Loyalty Discount of 0.20% p.a. and is available online only for the first 1000 applicants.

Switch to a UHomeLoan and enjoy:

• An incredibly low variable rate of 5.83%p.a (includes 0.20% p.a. Loyalty Discount for the life of the loan).
• After fixed rate? UBank has fixed rates as well:
  - 1 year fixed 5.97% (comparison rate 6.40%)
  - 3 year fixed 6.08% (comparison rate 6.28%)
  - 5 year fixed 6.64% (comparison rate 6.47%)
  [Rates updated at 23-04-2012]
• No bank fees whatsoever on a variable rate UHomeLoan
  - NO application fees
  - NO ongoing admin fees
  - NO exit fees 
• A quick and simple online application process - apply in as little as 30 minutes
• A fast and easy process from application to settlement makes refinancing simple - settle in as little as 10 business days
• 24/7 support from UBank's Australia based Direct Banking Centre - call 13 30 80 anytime

Other UHomeLoan features:

• Fixed and variable products available
• Interest only payment option available
• Redraw available funds from a variable rate UHomeLoan with no fees
• Make additional repayments to pay off your loan sooner
• Flexible repayment options - weekly, fortnightly or monthly

Core eligibility requirements for UHomeLoan

To be eligible to apply for a UHomeLoan you need to be:

• Looking to refinance an existing home loan.
• Applying for a loan amount that is less than 80% of your estimated property value
• Receiving a regular income (excluding unemployment benefits)

Easy UHomeLoan Application Process

Apply securely online with an easy step-by-step application or apply over the phone 24/7 with the guidance of UBank's Direct Home Loan Specialists.

Alternatively, you can even save a part-completed application and then finish it later, online or over the phone - whatever's easiest for you.

Find out more about UBank UHomeLoan >>