1 year fixed rate
Principal and interest
LVR up to 60%
RedrawNo minimum amount, no fees, up to $20,000 during fixed rate period
Rate lock For 90 days from application submission
Additional repaymentsUp to $20,000 during fixed rate period
Loan advance fee
To prepare loan documents and to arrange settlement of the loan $250
If under $360 Free If over $360 (we’ll cover the first $360) Amount over $360
Rate lock fee
If rate lock selected.
To lock in the annual percentage rate for 90 days from the application date.
To manage the account and process any requested variations
to the loan
$250 per year (covers up to 5 loans)
To discharge your property at your request. $300 per property
Credit criteria, fees and charges apply. Applicants must live in Australia and meet eligibility requirements. Home loan information and interest rates are for new loans only and are subject to change. This information has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice. This includes any tax consequences arising from any promotions for investors and customers should seek independent advice on any taxation matters. Home loan information and interest rates are for new loans only and 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. Lending criteria, fees, terms and conditions apply. All applications for credit are subject to ubank credit approval criteria.
IMPORTANT: For our fixed rate home loans, the variable rate that applies after your fixed rate ends (the revert variable rate) depends on your initial LVR. For fixed rate loans (less than or equal to 80% LVR), the “from” comparison rate shown above is based on a loan with an initial LVR of ≤60%. If your initial LVR is higher than this, the comparison rate will be higher (as your revert variable rate will be higher). For a personalised comparison rate that applies to your proposed loan, see the Key Facts Sheet. For fixed rates where the LVR is greater than 80% but less than 85%, the comparison rate is based on a revert variable rate with the same LVR. 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.
Target Market Determinations for our products are available here.