UBank Home Loan Rates
A verified UBank product example is Flex Home Loan Owner Occupied 70% - 80% LVR P&I: 6.39% p.a. (6.62% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
A verified UBank product example is Flex Home Loan 3 Year Fixed Owner Occupied 80% - 85% LVR P&I: 7.24% p.a. (7.25% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 80% to 85%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
A verified UBank product example is Flex Home Loan Owner Occupied 70% - 80% LVR P&I: 6.39% p.a. (6.62% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
ubank is NAB's digital-only home-loan brand, fully online with no branches. Following its 2022 absorption of 86 400, ubank's variable home loan is one of the more aggressively priced in the digital tier, with clean variable rates, an offset add-on, and a fast app-driven application flow targeted at refinancers.
What are UBank home loan rates?
Ratesniffers compares UBank home loan products by comparison rate. A verified UBank product example is Flex Home Loan Owner Occupied 70% - 80% LVR P&I: 6.39% p.a. (6.62% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified UBank product example is Flex Home Loan 3 Year Fixed Owner Occupied 80% - 85% LVR P&I: 7.24% p.a. (7.25% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 80% to 85%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Compare UBank against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest UBank home loan rate?
A verified UBank product example is Flex Home Loan Owner Occupied 70% - 80% LVR P&I: 6.39% p.a. (6.62% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified UBank product example is Flex Home Loan 3 Year Fixed Owner Occupied 80% - 85% LVR P&I: 7.24% p.a. (7.25% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 80% to 85%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. These selected examples do not establish the lowest rate across every product or borrower scenario.
How many home loan products does UBank offer?
Ratesniffers currently tracks 84 UBank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
UBank home loan rates at a glance
| Product type | Rate | Comparison rate | Max LVR |
|---|---|---|---|
| Variable Owner-occupier P&I | 6.34% p.a. | n/a | 60% |
| Variable Owner-occupier P&I | 6.34% p.a. | n/a | 70% |
| Variable Owner-occupier P&I | 6.39% p.a. | n/a | 80% |
| Variable Investor P&I | 6.44% p.a. | n/a | 60% |
| Variable Investor P&I | 6.49% p.a. | n/a | 70% |
| Variable Investor P&I | 6.54% p.a. | n/a | 80% |
| Variable Owner-occupier P&I | 6.34% p.a. | 6.57% p.a. | 60% |
| Variable Owner-occupier P&I | 6.34% p.a. | 6.57% p.a. | 70% |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.62% p.a. | 90% |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.62% p.a. | 90% |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.62% p.a. | 80% |
| Variable Investor interest-only | 6.65% p.a. | n/a | 60% |
60 of 84 tracked UBank home loan products
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
UBank home loan repayment calculator
The starting interest input uses this selected UBank product example: Flex Home Loan Owner Occupied 70% - 80% LVR P&I: 6.39% p.a. (6.62% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates, assume the entered rate remains unchanged, and exclude fees. Changes to these inputs do not establish product eligibility or approval.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
For a fuller model, use the repayment calculator, see how extra payments change the balance with the extra repayments calculator, or check what you can borrow with the borrowing power calculator.
Who is UBank?
Ubank is a digital-only banking division of National Australia Bank, launched on 1 October 2008 to serve branchless, self-directed customers under NAB's own banking licence. In 2021 NAB acquired the neobank 86 400 for $220 million, folding its technology and visual identity into Ubank through 2022 and retiring the 86 400 brand.
Ubank passed 1 million customers in November 2025, up from around 610,000 before the 86 400 merger, according to NAB's own reporting. Its home loan range charges no lenders mortgage insurance on principal and interest loans: a deposit as low as 10% on a purchase for owner-occupiers and investors, 15% equity on an owner-occupied refinance and 20% equity on an investment refinance, an exception to the usual 20% deposit LMI threshold most lenders apply. Interest-only loans sit outside the no-LMI position.
Who suits a UBank home loan?
Ubank tends to suit borrowers comfortable managing everything through an app with no branch network, particularly younger buyers stretching for a smaller deposit who want to avoid lenders mortgage insurance. Its no-LMI position is worth comparing directly against the table above, especially for owner-occupier principal and interest borrowers near the 90% LVR mark.
Background facts checked 5 September 2026. Rates above refresh independently.
UBank home loan products explained
The line-up as published by UBank, checked 5 September 2026. Today's rate for each product is in the table above.
| Product | Who it is for | What to know |
|---|---|---|
| Neat Variable | Borrowers who want the lower-cost variable loan and do not need an offset account. | Variable rate with principal and interest repayments, unlimited additional payments and free redraw, and no annual fee. Ubank covers the first property valuation up to $360. |
| Flex Variable | Borrowers who want offset accounts and the option to split their loan. | 100% interest offset across multiple Spend, Bills and Save accounts, free redraw and unlimited additional payments at no charge. $250 annual fee, which covers account changes across up to five Flex split loans. Can be split with a Flex Fixed portion. |
| Flex Fixed | Borrowers who want repayment certainty on part or all of the loan. | Fixed rate that can sit as a split alongside a Flex Variable portion. A $500 rate lock fee applies where a rate is locked before settlement. |
UBank fees, offset and limits at a glance
- Discharge fee
- $300
- Settlement fee
- $250
- Additional valuation fee
- $300
- Rate lock fee
- $500 optional rate lock fee. 90 days
- Offset account
- 100%
- Maximum total lending
- $5,000,000
- Extra repayments on fixed
- $20,000 per fixed rate term
- When the fixed rate is locked
- At submission of the application
Checked 8 Oct 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
UBank home loan fees and policy
- Neat Variable carries no annual fee. Flex Variable carries a $250 annual fee, which Ubank describes as covering account management and changes across up to five Flex split loans.
- Ubank charges a $300 discharge fee per property, and covers the first property valuation up to $360. Rate lock on a fixed loan costs $500.
- Additional payments and redraw are free on the published range, and Flex offsets 100% across multiple Spend, Bills and Save accounts rather than a single linked account.
- The no-LMI position applies to principal and interest lending only: a 10% deposit on a purchase for owner-occupiers and investors, 15% equity on an owner-occupied refinance and 20% equity on an investment refinance. Interest-only lending sits outside it.
- Ubank is a division of National Australia Bank and lends under NAB's banking licence, with no branch network of its own.
- Ubank does not appear on the Australian Government 5% Deposit Scheme participating lender list as at 25 September 2026.
Sources checked 5 September 2026: www.ubank.com.au, www.ubank.com.au, www.ubank.com.au, www.ubank.com.au, Ubank home loan interest rates and fees, Ubank Flex variable rate home loans, Australian Government 5% Deposit Scheme participating lenders, Ubank, avoid LMI on home loans, Ubank help, minimum deposit or equity for a Ubank home loan.