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Home loans
How can we help?
Refinance your home loan
Switch and you could save on a better rate
Neat variable home loan from
6.09
%
p.a.
6.11
%
p.a.
Comparison rate1
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Reasons to refinance
Perks of refinancing your home loan
Refinancing can help you get ahead on your loan and finances
Find a better interest rate to save on your repayments
Simplify any debt repayments by consolidating into your mortgage
Free up funds for a renovation, new car, or dream holiday
Why refinance your home loan with ubank?
Find a better rate
To help you save on your repayments and pay off your loan sooner
Pay down your loan faster
With an offset account(s) and unlimited repayments (on a Flex Variable rate loan)
Redraw freely
Take back any additional payments at no extra cost on our variable rate loans
Get a quick decision
Apply online or talk to our specialists for a quick decision and easy application
We’re award winning
That’s a win for you too
Our customers reap the benefits of our award-winning home loans.
Home loan eligibility
Let’s see if we’re a good match
You can have a max of 2 applicants. To be eligible, each applicant needs to:
be 18 years old or over
be an Australian or New Zealand citizen, or a permanent resident of Australia
live in Australia
be employed on a permanent, casual or contract basis (we don’t lend to self-employed individuals)
have a good credit rating (don’t worry, we’ll run the report for you)
be listed on the property title
be applying either individually, or jointly with their spouse or de facto partner that they currently live with or intend to live with after settlement in the same household (you won’t be able to apply with a sibling or parent).
How to refinance with us
Switch to a ubank home loan in 4 easy steps
1. See if we’re a good fit
Compare your loan and check if eligible for a ubank home loan
2. Apply online
Easy online application or talk with a lending specialist
3. Get a decision ASAP
If your application hits the mark, you’ll get an approval fast
4. Accept and relax
Review your loan docs online, accept your offer, all done!
Calculate your savings
How much you could save on your loan?
Let’s crunch the numbers. To keep things simple, we compare principal and interest payments. Use our calculator below to work out how much you can save by refinancing with ubank
Important: Savings are a guide only. They reflect the difference between the estimated repayment amounts for your loan based on the current loan balance, remaining loan term and current interest rate you have entered. To compare loans, we have recalculated a repayment amount for your current loan, using the loan balance and remaining loan term you have entered, but based on the current interest rate for a ubank home loan. The estimated repayments and savings amount are likely to change if (amongst other things) any of the following change: interest rates, repayment type, repayment frequency and loan balance. If you want to know more, check out ‘Additional calculator information’ below.
FAQs
Have any questions?
Ready to chat about buying?
Talk it over with one of our lending specialists.
Call us on (02) 9058 7404 Monday to Friday 9am-8pm, Sat and Sun 9am-6pm (Syd time)
Ready to switch to ubank and save?
Additional calculator information
Rates are subject to change. The rates that are shown may not be the rates that apply to your loan. We have not taken into account any fees or charges.
Repayments are indicative only. When calculating repayments we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include:
Loan amount
- The loan amount and estimated property value is the amount entered by you. Ubank’s loans have a maximum loan to value ratio (LVR) of 85%. Therefore, the loan amount will be the lesser of your current loan balance entered or 85% of the estimated property value entered.
Interest rates
- Where you have selected both a ‘variable’ interest rate along with ‘A low interest rate and no ongoing fees’, we have applied the current interest rate for a ‘Neat home loan’. If you have selected both a ‘variable’ interest rate along with ‘Ability to reduce repayments with 100% interest offset’ we have applied the current interest rate for a ‘Flex home loan – variable’.
- Where you have selected a ‘fixed’ interest rate type, we have applied the current interest rate for ‘Flex home loan – fixed’.
- As rates are subject to change, the rate that is current today (both variable or fixed) may not be the rate that applies to your loan.
- That any variable interest rate displayed will not change during the term of your loan. We do this as we can’t predict what rates will do in the future.
- That at the end of any fixed rate period, a variable rate will apply.
Interest and repayment cycles
- That repayments are made monthly. If you have chosen to view your savings on an annual basis, we have taken the monthly amount and multiplied it by 12. As the figures displayed are to the nearest dollar, this may not be a precise conversion.
- That your annual interest charge is divided equally over 12 monthly payments. In reality, interest is typically calculated daily and charged at the same frequency and on the same day as repayments are made.
- That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).
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Let's pass the mic to our lawyer
Read our Home Loan Terms.
Credit criteria, fees and charges apply. Applicants must live in Australia and meet eligibility requirements.
Home loan information and interest rates are subject to change.
1Comparison rates are calculated on a loan amount of $150,000 for a term of 25 years. These rates are for secured lending only.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
For a personalised comparison rate that applies to your proposed loan, see the Key facts sheet.
Comparison rates for variable interest only loans are based on an initial 5 year interest only period. Comparison rates for fixed interest only loans are based on an initial interest only period equal in length to the fixed period. Interest rates are applicable at the time of loan approval and are based on the loan to value ratio (LVR). The LVR is the amount of the loan compared to the property value expressed as a percentage.
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