ubank home loans

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

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.

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 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.