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.
Fixed product example
7.24%
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.
Variable example comparison
6.62%
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.
Last updated
1 November 2026
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 24 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
Fixed 3-year Owner-occupier P&I
7.24% p.a.
7.25% p.a.
85%
Variable Investor P&I
7.29% p.a.
n/a
85%
Fixed 5-year Owner-occupier P&I
7.39% p.a.
7.37% p.a.
90%
Variable Investor P&I
7.39% p.a.
n/a
90%
Fixed 5-year Owner-occupier P&I
7.39% p.a.
7.37% p.a.
85%
Fixed 1-year Owner-occupier P&I
7.14% p.a.
7.45% p.a.
90%
Fixed 2-year Owner-occupier P&I
7.19% p.a.
7.45% p.a.
90%
Variable Owner-occupier P&I
7.24% p.a.
7.46% p.a.
90%
Fixed 2-year Investor P&I
7.14% p.a.
7.48% p.a.
n/a
Fixed 2-year Investor P&I
7.14% p.a.
7.48% p.a.
85%
Fixed 1-year Investor P&I
7.09% p.a.
7.49% p.a.
n/a
Fixed 1-year Investor P&I
7.09% p.a.
7.49% p.a.
85%
24 of 84 tracked UBank home loan products
UBankFlex Home Loan 3 Year Fixed Owner Occupied 80% - 85% LVR P&I
*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.
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.
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 at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments, use /calculators/extra-repayment.
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.
What is the monthly repayment on a $600,000 UBank home loan?
For a hypothetical $600,000 principal-and-interest loan over 30 years, keeping this variable interest rate unchanged gives about $3,749 a month before fees. The selected source 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. Variable rates can change; this calculation does not establish 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. Use /calculators/repayment to model your own amount and term.
How much do you need to earn for a $500,000 UBank home loan?
There is no single salary requirement for a UBank home loan. The lender assesses income, expenses, debts and repayment capacity. APRA's residential mortgage framework generally requires governed authorised deposit-taking institutions to apply a minimum 3 percentage point buffer above the payable interest rate, ignoring temporary introductory discounts, with prudent limited policy exceptions. This does not establish UBank's actual assessment rate or approval criteria. Confirm the applicable lender policy and use /calculators/income-required for an illustrative estimate, not approval.
How does UBank's home loan rate compare to the market?
Compare UBank's product conditions and comparison rates with /home-loans. The available table does not establish a whole-market ranking or a personalised offer.
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 24 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?
Compare UBank's available product conditions and total costs with your existing loan. A listed rate does not establish refinance eligibility. Allow for discharge, establishment and any fixed-loan early repayment costs, and confirm applicable lender terms before switching. Compare the table with /home-loans/refinance.
How often are UBank's home loan rates updated?
Ratesniffers refreshes UBank's home loan rates daily; this page was last updated 1 November 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 November 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.
