NAB vs ubank home loans June 2026

NAB's lowest variable home loan rate is 6.14% p.a. and ubank's is 6.09% p.a., a gap of 5 basis points, with ubank the lower of the two today. Both figures are ranked by comparison rate and refreshed daily, so check features and fees alongside the headline rate before deciding.

NAB vs ubank at a glance

Feature	NAB	ubank
Lowest variable rate	6.14% p.a.	6.09% p.a.
Lowest 3-year fixed rate	6.49% p.a.	6.59% p.a.
Lowest comparison rate	6.18% p.a.	6.13% p.a.
Products tracked	29	23
Offset available	Yes	Yes
Cashback offer	—	—

NAB or ubank: which should you pick?

On the lowest advertised variable rate, ubank sits at 6.09% p.a. and NAB at 6.14% p.a. On a $500,000 loan over 30 years, that gap works out to roughly $16 a month in repayments, so the rate difference is worth weighing carefully.

Both lenders offer an offset account, so if parking savings against your loan matters to you, neither rules itself out on that front.

The cheapest headline rate isn't always the rate a lender approves on your file. Your loan size, deposit and income all move the number, so the right pick between NAB and ubank depends on your scenario, not just the advertised figure.

Not sure which one fits your scenario?

Advertised rates aren’t always the rate a lender approves. Get the sharper of the two negotiated against your specific numbers, at no cost.

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NAB vs ubank — frequently asked questions

Who has the lower home loan rate, NAB or ubank?

As of June 2026, ubank has the lower headline variable rate at 6.09% p.a., versus 6.14% p.a. for NAB. Both are ranked by comparison rate and refreshed daily.

What's the difference between NAB and ubank home loans?

Beyond the rate, NAB and ubank differ on features. NAB offers an offset account, and ubank offers one too. Ratesniffers tracks 29 NAB and 23 ubank products, ranked by comparison rate and refreshed daily.

Is it worth switching from NAB to ubank?

It depends on the gap and your balance. The lowest advertised variable rates differ by 5 basis points today, and on a $500,000 loan even a small gap adds up over the life of the loan. Compare the comparison rate and features, then check the rate each lender would actually approve on your file.

How often are NAB and ubank rates updated?

Ratesniffers refreshes both NAB and ubank home loan rates daily. Rates can change whenever either lender reprices or the RBA moves the cash rate, so the figures on this page reflect the most recent data we hold rather than a static snapshot.

Go deeper on each lender

Full product ranges, refreshed daily and ranked by comparison rate.