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.
Special Standard Variable Rate of 5.47%. Get a 0.10% Upfront Loyalty Discount for applications submitted online between 24/10/2012 and 20/12/2012.
Switch to a UHomeLoan and enjoy:
- An incredibly low variable rate of 5.57%p.a (comparison rate of 5.50%p.a.)
- After fixed rate? UBank has fixed rates as well:
- 1 year fixed 5.03% (comparison rate 5.54%)
- 3 year fixed 5.13% (comparison rate 5.40%)
- 5 year fixed 5.81% (comparison rate 5.64%)
[Rates updated at 24-10-2012] - 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 >>
// Apr 28, 2011
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Damon Rasheed is the CEO of Rate Detective, one of Australia's leading financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses. Since Damon founded Rate Detective in 2007, the company has grown to be in the top 3 insurance companies in Australia.
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