ubank Home Loan Review 2026

These advertised rates are for owner-occupiers making principal-and-interest repayments and borrowing no more than 60% of the property's value. They are not the rates for a 90% loan or a quote for the separate sole-trader option.

Comparison rates use a $150k secured loan over 25 years. They apply only to that example and may leave out some fees and charges. A different loan amount, term or fee structure can produce a different comparison rate.

For a $500k loan over 25 years at 6.34%, ubank estimates starting repayments of about $3,326 a month. Your rate and repayments depend on the loan you qualify for. Rates can change before approval, and the fixed rate applies for 1 year.

Source: ubank's advertised home loan rates, checked 29 October 2026. We confirm the current rate and full cost before you apply.

ubank is NAB's digital banking brand. It has its own home loans and lending rules, so we still compare ubank with NAB and other lenders.

An eligible owner-occupier or investor buying a property may borrow up to 90% with principal-and-interest repayments without paying Lenders Mortgage Insurance (LMI).

Using sole-trader income? The limit is different. ubank's sole-trader option lets eligible borrowers borrow up to 80% of the property's value. For a purchase, that generally means a 20% deposit plus buying costs, based on the value the bank accepts.

Loan-to-value ratio (LVR) is the loan as a percentage of the property value. A 90% LVR means borrowing $90 for every $100 of property value. You still need money for any buying costs.

These are general loan limits. The separate sole-trader option is capped at 80% LVR with a maximum 30-year loan term.

These examples use principal-and-interest repayments. Your income, property valuation and ubank's loan limits determine how much you can borrow.

Our LMI guide explains the cost ubank may help you avoid. Compare Westpac and NAB if your profession gives you another waiver option. You can also compare Unloan, including its fees, features and application process.

ubank mainly suits people who earn a salary or wage and apply in their own names. If your own company pays you a regular salary, there may be an option too. Established sole traders can also be considered under a separate option with its own deposit, business-history and loan-purpose requirements.

You still need an established, profitable business. We check your income records and debts before working out what you could borrow.

Our self-employed loan guide covers alternatives for business owners. Compare Macquarie and ANZ for other ways of assessing business income.

Read our offset guide and compare ING and Bankwest before paying for account features.

On Flex Variable you can link up to 10 offset accounts, so each one can have a job: bills, spending money, holiday savings. Everyone named on those accounts has to be on the loan. Neat Variable has no offset, which is the trade-off for its $0 annual fee. If you’re weighing ubank’s $250 fee against other lenders, our comparison of banks with multiple offset accounts lays out the limits and costs side by side.

ubank's pre-approval is fully assessed and generally lasts 90 days. ubank says it may be extended if your financial position has not changed. The property still needs to pass the bank's valuation and property rules. We'll explain the expiry date and what ubank will need if your search runs longer.

Our property valuation guide explains why lender valuations can differ.

Tell us the address, expected price and deposit. We can check the loan options and what a different valuation would mean for your cash contribution.

ubank is selective about the properties it accepts. A standard house or apartment can be straightforward, while an unusual property can rule the lender out quickly.

See our guide to unusual property home loans.

Our apartment guide covers the property checks. For building or family help, read our construction and guarantor guides and compare CBA.

Refinancing has lower limits than buying. If you want to borrow extra against your home, ubank also checks how much you need and what you'll use it for. This is often called cash out.

The table below shows general limits, not the sole-trader option. If we are using sole-trader income, the loan is capped at 80% LVR. Cash out is available only up to 70% LVR, and debt consolidation is not available through that option.

If you're building or need a guarantor, we'd look at other lenders. For sole traders, ubank is now an option, but it will not fit every deposit, business history or loan purpose.

The lender pays us commission, which we disclose before you proceed. We compare more than 30 lenders and must put your interests first. Our mortgage brokers in Brisbane can compare ubank with lenders that suit your income, deposit and property.

Client examples are based on real situations. Names and identifying details have been changed.