Ubank Neat Variable Home Loan

With competitive interest rates for home buyers and investors, this variable rate loan offers flexibility and affordability from a digital lender.

With unlimited extra repayments, the Neat Variable home loan from ubank offers both competitive interest rates and the flexibility to repay your home loan faster. Interest rates are lower for those with bigger deposits, and the loan is available for both home buyers and investors, with the choice to make interest-only repayments for a set period.

No reviews yet. Write a review
Avatar

By

Richard Whitten

Updated

Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.

Expert review

This variable rate loan has a number of flexible features designed for borrowers who are focused on keeping costs as low as possible and repaying their home loan sooner. It offers competitive rates, with rates dropping further for those with a larger deposit (a 40% deposit or more gets you the cheapest rate) and there are no ongoing fees.

About this loan

What are the features and benefits of the UBank Neat Variable home loan?

  • Accessible. The ubank Neat Variable home loan is available for both owner-occupiers (home buyers) and property investors. It has different rates for each. Borrowers can also choose interest-only repayments.
  • Loan-to-value ratio. You can borrow up to 85% of your property's value.
  • Features. This loan lets you make unlimited extra repayments, allowing you to funnel money into the loan to pay it off sooner. It also has a redraw facility, so you can access those extra repayments if needed.
  • Fees. The loan has an application fee, but there are no annual and ongoing fees.

How to apply

If you'd like to apply for this home loan or just get more information, click the green button and follow the application process to speak to an ubank mortgage specialist.

  1. Ubank Neat Variable Home Loan information page
  2. Ubank Neat Variable Home Loan TMD

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

12 Comments

    Default Gravatar
    Neeraj
    May 2, 2023

    Is the cash back offer still going?

    Reply
      AvatarFinder
      Richard
      May 15, 2023

      Hi Neeraj,

      Ubank’s cashback offer is no longer on offer. It was available for applications submitted by April 30.

      Reply
    Default Gravatar
    simon
    March 25, 2023

    hi
    Currently on finder, there is a cashback offer for new customers.
    Is this only for refinancing? or does the cashback offer extend to new customers as well, who are just looking for a home loan?

    Reply
      AvatarFinder
      Sarah
      April 6, 2023

      Hi Simon,

      This offer is open to both buyers and refinancers.

      Cashbacks are available for purchasers and refinancers taking out Own and Neat home loans. Investors and owner-occupiers are eligible for the cashback.

      Borrowers taking out a new loan of at least $400,000 with an LVR of 80% or lower can get a $4,000 cashback.

      Borrowers taking out a new loan of at least $1,000,000 with an LVR of 80% or lower can get a $5,000 cashback.

      Hope this helps!

      Reply
    Default Gravatar
    Darren
    January 17, 2023

    Hi
    When I look on the UBank website it says that the variable interest only up to 80% LVR comparison rate is 5.19%, through Finder here it says 4.94%, which is correct?

    Also what is involved in the cash back offer?

    Reply
      AvatarFinder
      Rebecca
      January 27, 2023

      Hi Darren,

      Thank you for bringing this to our attention. Our page has been updated to avoid confusion. It’s our main goal to always provide accurate information to our users, so we really thank you for contacting us about this.

      There are currently no cashback offers available through Ubank.

      Kind regards,
      Rebecca

      Reply
    Default Gravatar
    Loretta
    September 22, 2022

    Hi, will refinancing a loan of 149,000 interest only qualify for the cashback offer?

    Reply
      AvatarFinder
      Rebecca
      September 30, 2022

      Hi Loretta,

      I’m afraid to be eligible for the cashback offer your loan size needs to be at least $250,000.

      Thanks,
      Rebecca

      Reply
    Default Gravatar
    Zulfiquar
    July 5, 2022

    My home in ACT has a market value of about 750000 dollars. I still have 132000 dollars in loan from NAB. If I refinance that amount with variable rate with Ubank, can I do that and how long the application process will take?. Thanks

    Reply
      AvatarFinder
      Richard
      July 6, 2022

      Hello Zulfiquar,

      The application process varies depending on your circumstances and the lender’s capacity to process applications. I suggest submitting an enquiry and asking for a rough estimate from the lender.

      I hope this helps.

      Kind regards,
      Richard

      Reply
Go to site