UBank
Neat - OO Variable P&I
A low variable rate home loan with no ongoing annual fees. Great if you don't need an offset account (owner occupied, principal and interest loan).
Home loansBank updated 23 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 6.09% · 6.11% comparison
- Max LVR
- 85%
- Features
- redraw, extra repayments
§ 01 — Rates · 5
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableOwner occupied with principal and interest repayments. Owner occupied home loans with a loan to value ratio (LVR) of less than or equal to 60% at time of application | Owner occupied · P&I | — | ≤60% LVR | 6.09% | 6.11% | — |
| VariableOwner occupied with principal and interest repayments. Owner occupied home loans with a loan to value ratio (LVR) of less than or equal to 70% at time of application. | Owner occupied · P&I | — | 60–70% LVR | 6.09% | 6.11% | — |
| VariableOwner occupied with principal and interest repayments. Owner occupied home loans with a loan to value ratio (LVR) or less than or equal to 80% at time of application. | Owner occupied · P&I | — | 70–80% LVR | 6.14% | 6.16% | — |
| VariableOwner occupied with principal and interest repayments. Owner occupied home loans with a loan to value ratio (LVR) of less than or equal to 85% at time of application. | Owner occupied · P&I | — | 80–85% LVR | 6.69% | 6.71% | — |
| VariableOwner occupied with principal and interest repayments. Owner occupied home loans with a loan to value ratio (LVR) of less than or equal to 90% at time of application. | Owner occupied · P&I | — | 85–90% LVR | 6.99% | 7.01% | — |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Discharge Fee | Event | $300 | — | If we discharge a property (security interest) at your request. Charged for security. |
| Documentation Fee | Event | $100 | — | To issue a new set of loan documents if your requirements change. |
| Production Fee | Event | $110 | — | If we are required to send a certificate of title to another financial institution. |
| Switch fee | Event | $100 | — | If a Neat home loan is switched to a Flex home loan at your request. |
| Valuation Fee | Other | Varies | — | First Valuation Fee covered up to $360. Second or further valuations are at cost. |
| Loan Advance Fee | Upfront | $250 | — | To prepare loan documents and to arrange settlement of the loan. |
§ 03 — Features
RedrawExtra repaymentsInstant paymentsDigital banking
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Be an Australian or New Zealand citizen, or a permanent resident of Australia.
- · Employment: Applicants must be a PAYG employee.
- · Available to individuals
- · Amount $80,000 to $5,000,000
- · Maximum LVR 85%
- · - Max 2 borrowers. - Be applying either individually, or jointly with their spouse or de facto partner that they currently live with or intend to live with after settlement in the same household (You…
§ 06 — Run the numbers
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Published by UBank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.