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 >>

Get your quotes now

What to find out more? Enquire now

Published on April 4-th, 2011 in Home Loans
Damon Rasheed is the CEO of Rate Detective, an Australian 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.

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Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

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