UBank Home Loan – loan
Online loans up to $1 000 000
Loan amount
$100,000 – $1,000,000
Interest from
2.59%
Term
5 – 30 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Online loans up to $1 000 000
- Term 5 - 30 years
UBank is a digital-only bank owned by National Australia Bank (NAB), which absorbed the 86 400 neobank in 2022. UBank offers home loans for owner-occupiers and investors with a fully app and online-based application and account management experience.
✓ Pros
- Backed by NAB, one of Australia's big four banks
- Fully digital application and account management via app
- Competitively priced products typical of a digital-only model
- Pre-approval available before house hunting
✗ Cons
- No physical branch network — support is phone/app/chat based
- As a digital-only brand, fewer complex loan structuring options than a full-service bank branch
- Deposit and Lenders Mortgage Insurance rules apply as with any lender
How to apply
- Start your application with our easy step-by-step form on computer, tablet or mobile
- We’ll call you to go through your application and confirm eligibility for the next stage
- Upload your documents online for verification. We’ll arrange a property valuation and have one final look at your application to make sure it all stacks up
- Once approval is confirmed, we’ll send you the Contract Pack to read and sign
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident (some lenders accept eligible visa holders)
- ✓ Deposit or equity, commonly 5–20% of the property value
- ✓ Stable employment history and serviceable income
- ✓ Satisfactory credit history and lender valuation of the security property
Frequently asked questions
24 hours
The minimum loan amount at UBank Home Loan is $100,000.
About UBank, division of National Australia Bank Limited
| Company | UBank, division of National Australia Bank Limited |
|---|---|
| Address | 700 Bourke St, Docklands VIC 3008 |
| Website | https://www.ubank.com.au |