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?
UBank home loan rates are in the live table on this page, ranked by comparison rate, with the lowest variable rate currently 6.09% p.a. and the lowest fixed rate currently 6.59% p.a., checked daily (last verified 11 Sept 2026). 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?
The lowest UBank variable home loan rate Ratesniffers tracks is 6.09% p.a., and the lowest fixed rate is 6.59% p.a. These figures come from the 50 UBank products on this page that pass data-quality checks, ranked by comparison rate, checked daily (last verified 11 Sept 2026).
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 50 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.
*Important Information and Comparison Rate Warning
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
Pre-filled with UBank's lowest advertised variable rate in the table above, 6.09% p.a. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates and exclude fees, so the comparison rate in the table is the better guide to total cost.
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 4 Sept 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 3 September 2026.
UBank home loan rates are in the live table on this page. The lowest variable rate Ratesniffers ranks is currently 6.09% p.a., and the lowest fixed rate is 6.59% p.a., checked daily (last verified 11 Sept 2026). Compare UBank against the wider market at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments on a UBank balance, use /calculators/extra-repayment.
What is the lowest UBank home loan rate?
UBank's lowest variable home loan rate is currently 6.09% p.a., and its lowest fixed rate is 6.59% p.a., based on the 50 UBank products Ratesniffers ranks by comparison rate, checked daily (last verified 11 Sept 2026). The advertised rate isn't always the rate UBank approves, a broker can often negotiate a sharper deal on your scenario.
What is the monthly repayment on a $600,000 UBank home loan?
At UBank's lowest variable rate of 6.09% p.a., a $600,000 principal and interest loan over 30 years repays about $3,632 a month, and $500,000 about $3,027. That is an estimate at the advertised rate before fees; the comparison rate in the table above carries the fees, and a fixed or interest-only loan repays differently.
How much do you need to earn for a $500,000 UBank home loan?
There is no single salary. Like every Australian lender, UBank must assess a new home loan at a rate at least 3 percentage points above the loan's rate under APRA's serviceability buffer, so 6.09% p.a. is assessed at about 9.09% p.a., then test that repayment against income after living expenses and other debts. The income required calculator at /calculators/income-required works this backwards from a property price and deposit.
How does UBank's home loan rate compare to the market?
UBank's lowest variable home loan rate today is 6.09% p.a., which is 15 basis points below the market median of 6.24% p.a., which puts UBank among the more competitive lenders on variable rates today. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where UBank sits right now rather than a fixed snapshot.
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 50 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is UBank competitive for refinancing?
It depends on your loan size and LVR. UBank's lowest comparison rate is currently 6.37% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing UBank against the sharpest available rate usually pays off.
How often are UBank's home loan rates updated?
Ratesniffers refreshes UBank's home loan rates daily; this page was last updated 11 Sept 2026. Rates can change whenever UBank reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
How long does UBank take to approve a home loan?
UBank says its approval turnaround is up to 5 business days unless it needs additional information, and formal approval to settlement usually takes approximately 2 to 4 weeks. The online application takes around 20 minutes, or up to an hour for an assisted phone application. Refinance timing also depends on when the discharge authority reaches the outgoing bank.
Does UBank lend to self-employed borrowers?
No. UBank's eligibility rules state that it does not lend to self-employed individuals. Each applicant needs to be employed on a permanent, casual or contract basis, be 18 or over, be an Australian or New Zealand citizen or Australian permanent resident living in Australia, and be listed on the property title. A loan can have at most two borrowers.
Does UBank offer construction loans or bridging loans?
UBank does not list a construction loan or bridging loan among its home loans. Its range is three products: Neat variable, Flex variable and Flex fixed, each available for owner occupied or investment lending with principal and interest or interest only repayments, except that interest only is not offered on the owner occupied Neat variable loan.
How much can you borrow from UBank?
UBank home loans range from $80,000 to $5,000,000. Each application is capped at $2,000,000 when the loan to value ratio is above 85%. The amount approved depends on the value and location of the property and on UBank's credit assessment of the applicant's ability to repay, so the ceiling is not automatically available to every applicant.
What is a Ubank home loan?
Ubank lends under National Australia Bank's licence with no branches, through three products: Neat Variable, the lower-cost loan with no annual fee and no offset; Flex Variable, which adds 100% offset across multiple accounts for $250 a year; and Flex Fixed, which can be split alongside the variable portion. Everything is managed in the app.
Can I get a Ubank home loan with a 10% deposit?
Yes, on principal and interest lending, and Ubank charges no lenders mortgage insurance at that deposit for owner-occupiers and investors buying a property. Refinances have different gates: 15% equity for owner-occupied and 20% for investment. Interest-only lending sits outside the no-LMI position, and normal credit assessment still applies.
What fees does Ubank charge on a home loan?
Neat Variable has no annual fee. Flex Variable carries $250 a year, covering changes across up to five Flex split loans. Ubank charges a $300 discharge fee per property and $500 to lock a fixed rate, and covers the first property valuation up to $360. Additional payments and redraw are free.
Does Ubank have an offset account?
Yes, on Flex Variable, which offsets 100% across multiple Spend, Bills and Save accounts rather than one linked account. Neat Variable has no offset, which is the trade for its lower cost and nil annual fee. Weigh the $250 Flex annual fee against your likely offset balance at /calculators/offset-savings before choosing.
What are Ubank's interest rates in September 2026?
Ubank's current home loan rates are in the live table above, ranked by comparison rate. Ratesniffers does not freeze a number into this answer because Ubank prices Neat, Flex and its fixed terms separately, tiers them by deposit size, and moves them independently of any cash rate decision. Compare the comparison rate, which carries the Flex annual fee.
Is Ubank a good home loan lender?
Ubank is NAB's digital-only brand, past 1 million customers, with a three-product range and a no-LMI position that is unusual for principal and interest borrowers with a 10% deposit. Whether it fits comes down to price and features, so read the full write-up at /reviews/ubank and the head to head at /vs/ubank-vs-macquarie.
