NAB subsidiary offering some of Australia's lowest home loan rates. Online-only, no annual fees, backed by a Big 4 bank.
Variable Rate from
5.69%
Fixed Rate from
5.79%
Comparison Rate
5.71%
UBank is a fully digital bank and a subsidiary of National Australia Bank (NAB). Launched in 2008, UBank was designed to offer Australians a simpler, cheaper way to bank by operating entirely online without branches. As a NAB subsidiary, UBank benefits from Big 4 stability while offering rates typically reserved for fintech disruptors.
UBank consistently ranks among the cheapest home loan lenders in Australia. Their model is straightforward: keep costs low by not running branches, and pass those savings to customers through lower rates and fewer fees. Deposits with UBank are covered by the government deposit guarantee (up to $250,000), giving you the safety of a bank with online-lender pricing.
UBank is one of the cheapest options for refinancing if you have at least 20% equity. Switch from a Big 4 bank and potentially save hundreds per month on repayments.
If the lowest possible rate is your number one priority and you don't need bells and whistles, UBank delivers. Their comparison rate is virtually the same as their headline rate because there are almost no fees.
UBank works best for straightforward applications - PAYG employees with stable income, clean credit, and a standard property. The simpler your situation, the better UBank fits.
UBank's app and online experience are modern and user-friendly. Manage your entire home loan from your phone. Great if you never visit a branch anyway.
UBank's lowest rate product. No offset account, but includes free redraw and unlimited extra repayments. For borrowers who only care about the cheapest possible rate.
Rate: 5.69% p.a. (owner-occupied, P&I, LVR <80%)
Includes a 100% offset account linked to your transaction account. Slightly higher rate than Neat, but the offset can save you more if you keep meaningful savings.
Rate: 5.74% p.a. (owner-occupied, P&I, LVR <80%)
Lock in a competitive rate for 1 to 5 years. No offset during the fixed period. Reverts to the Neat variable rate at the end of the fixed term.
Rate: 5.79% p.a. (2-year fixed, owner-occupied, P&I)
Consistently among Australia's cheapest home loans. NAB's backing lets UBank offer fintech-level rates with Big 4 safety.
As a NAB subsidiary, UBank deposits are covered by the government deposit guarantee. Big bank safety, online bank pricing.
No application fee, no annual fee, no monthly fee. The comparison rate is almost identical to the headline rate because there are no hidden costs.
100% offset on the Flex product. Every dollar in your linked account reduces the interest on your home loan, saving you thousands over the life of the loan.
We'll compare UBank against 31 other lenders to ensure you're getting the absolute best deal available.
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