CommBank vs Ubank home loans September 2026

Ratesniffers rates checked 27 August 2026. On the exact owner-occupier principal-and-interest row at 80% LVR, Ubank is sharper on comparison rate by 58 basis points: 6.14% p.a. (6.16% comparison rate) against 6.49% p.a. (6.74% comparison rate) for CommBank. Interest rate and comparison rate come from the same product row.

Rates checked 27 August 2026 · checked daily against each lender's current published pricing · machine-readable at /rates.json

CommBank vs Ubank at a glance

CommBank and Ubank on the standard owner-occupier principal-and-interest scenario at 80% LVR, from the matrix snapshot dated 27 August 2026. Fee, feature and policy rows carry their own verification date on each lender page.
Feature	CommBank	Ubank
Compared product	Simple Home Loan (Owner Occupied)	Flex - Variable OO P&I
Variable rate and comparison rate	6.49% p.a. (6.74% comparison rate)	6.14% p.a. (6.16% comparison rate)
3-year fixed rate and comparison rate	Unavailable	Unavailable
Scope of the compared rate	Owner-occupier, principal and interest, 80% LVR	Owner-occupier, principal and interest, 80% LVR
Published LVR scope	Insurance or CommBank's own Low Deposit Premium applies where the deposit is under 20%	The no-insurance position covers principal and interest lending from a 10% deposit on a purchase
Offset	Available on at least one tracked product	Flex offsets 100% across multiple Spend, Bills and Save accounts rather than one linked account
Redraw	Available on at least one tracked product	Additional payments and redraw are free across the published range
Package fee	$395 a year for the Wealth Package, paid in advance	No fee on Neat Variable, $250 a year on Flex Variable
First home buyer scheme	Listed as a participating lender, 5% Deposit Scheme	Not on the participating lender list when checked
Products tracked	77	23
Approved cashback register	Unavailable	Unavailable

Promoted rate comparisons require exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 27 August 2026, on both sides. “Unavailable” means a two-sided comparison cannot be substantiated, not that a lender has no product or no such feature.

*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.

Is CommBank or Ubank cheaper?

As at 27 August 2026, Ubank is the cheaper of these two products on comparison rate at 80% LVR for owner-occupier principal and interest: 6.14% p.a. (6.16% comparison rate) against 6.49% p.a. (6.74% comparison rate). On a $500,000 loan over 30 years the headline gap is about $114 a month before fees. Approved pricing still varies by file.

CommBank versus Ubank on fees

Fees as at 3 September 2026. CommBank lists $395 a year for the Wealth Package, paid in advance. Ubank lists no fee on Neat Variable, $250 a year on Flex Variable. The comparison rate folds ongoing fees into the figure, so a sharper headline rate paired with a higher annual fee can finish behind a plainer loan.

CommBank versus Ubank for refinancing

Refinancing as at 3 September 2026. CommBank: the online discount on the Standard Variable Rate and Simple Home Loan needs a $150,000 balance. Ubank: 15% equity avoids lenders mortgage insurance on an owner-occupied refinance. A refinance turns on the comparison rate, the exit and establishment costs on both sides and the LVR the new valuation lands you at.

CommBank versus Ubank for first home buyers

First home buyers, as at 3 September 2026. On the Australian Government 5% Deposit Scheme participating lender list, CommBank is listed and Ubank was not listed when checked. Eligibility rules and property price caps apply either way, and a lender that is not listed can still lend at a low deposit with lenders mortgage insurance payable.

Which suits an investor?

For an investor, as at 3 September 2026. Ubank: 20% equity avoids lenders mortgage insurance on an investment refinance. No verified investor record is published for CommBank yet, so only one side is described here. Investor pricing, interest-only terms and LVR ceilings sit apart from the owner-occupier row this page compares.

Who should choose CommBank

CommBank tends to suit borrowers who want maximum branch and service coverage, the full product menu, and the convenience of Australia's biggest banking platform. The comparison table above is the price check, and this section is the fit check. Features, service model and eligibility all move the outcome on a real file. Compare the two on the way you actually use a loan, not only on the advertised figure.

Who should choose Ubank

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. The comparison table above is the price check, and this section is the fit check. Features, service model and eligibility all move the outcome on a real file.

Head-to-heads that share a lender with this one: CommBank vs Westpac, CommBank vs NAB, CommBank vs ANZ. Full product detail sits on the CommBank and Ubank lender pages, with the candid write-ups on the CommBank review and the Ubank review.

Not sure which one fits your scenario?

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CommBank vs Ubank: frequently asked questions

Who has the lower home loan rate, CommBank or Ubank?

At 80% LVR as at 27 August 2026, Ubank is sharper on comparison rate by 58 basis points, at 6.14% p.a. (6.16% comparison rate) against 6.49% p.a. (6.74% comparison rate).

What's the difference between CommBank and Ubank home loans?

Beyond the rate, compare offset coverage, redraw rules, package fees, published LVR scope and deposit-scheme participation. The table above carries each of those where the fact has been verified against the lender's own documents, and reads "Unavailable" where it has not.

Does CommBank or Ubank charge a package fee?

CommBank lists $395 a year for the Wealth Package, paid in advance. Ubank lists no fee on Neat Variable, $250 a year on Flex Variable. The comparison rate already folds ongoing fees into the figure, so weigh the annual fee against the headline rate rather than reading either on its own.

Can first home buyers use the 5% Deposit Scheme with CommBank or Ubank?

CommBank is listed as a participating lender for the Australian Government 5% Deposit Scheme. Ubank was not on the scheme's participating lender list when it was checked. The scheme's eligibility rules and property price caps apply regardless, and the current participating lender list is the primary check.

Do CommBank and Ubank both offer an offset account?

CommBank has an offset account on at least one tracked product. Ubank: Flex offsets 100% across multiple Spend, Bills and Save accounts rather than one linked account. Offset rules differ by product, so check the offset terms on the specific loan rather than at the brand level.

Is it worth switching from CommBank to Ubank?

It depends on the balance, the switching costs and the rate approved on the file. The exact 80% LVR comparison rates dated 27 August 2026 differ by 58 basis points. Weigh that against exit and establishment costs before deciding.

How often are CommBank and Ubank rates updated?

Promoted rate comparisons on this page use exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 27 August 2026, checked daily against each lender's current published pricing. Fee, feature and policy rows carry their own verification date and do not drive a rate winner.