Up vs ubank home loans July 2026
Up's lowest variable home loan rate is 5.95% p.a. and ubank's is 6.09% p.a., a gap of 14 basis points, with Up 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.
Up vs ubank at a glance
| Feature | Up | ubank |
|---|---|---|
| Lowest variable rate | 5.95% p.a. | 6.09% p.a. |
| Lowest 3-year fixed rate | 6.35% p.a. | 6.59% p.a. |
| Lowest comparison rate | 5.95% p.a. | 6.13% p.a. |
| Products tracked | 6 | 23 |
| Offset available | Yes | Yes |
| Cashback offer | — | — |
Up or ubank: which should you pick?
On the lowest advertised variable rate, Up sits at 5.95% p.a. and ubank at 6.09% p.a. On a $500,000 loan over 30 years, that gap works out to roughly $45 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 Up 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.
Up vs ubank: frequently asked questions
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Go deeper on each lender
Full product ranges, refreshed daily and ranked by comparison rate.