UBankFlex - Variable OO P&I
Offset up to 100% interest on your home loan with multiple ubank accounts and unlimited additional payments (owner occupied, principal and interest loan).
At a glance
- Variable (owner occ. P&I)
- 6.34%6.58% comparison
- Max LVR
- 90%
- Annual fee
- $250
- Features
- offset, redraw, extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.39% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 54th lowest of 104, level with 5 others |
Rates
Every rate UBank publishes for this home loan, 5 in all.
Variable rate by LVR
Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value
- ≤60%6.34%
- 60–70%6.34%
- 70–80%6.39%
- 80–85%6.94%
- 85–90%7.24%
| 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 | 6.34% | 6.58% | - |
| 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 | 6.34% | 6.58% | - |
| VariableOwner occupied with principal and interest repayments. Owner occupied home loans with a loan to value ratio (LVR) of less than or equal to 80% at time of application. | Owner occupied, P&I | - | 70–80% LVR | 6.39% | 6.63% | - |
| 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 | 6.94% | 7.17% | - |
| VariableOwner occupied with principal and interest repayments. Owner occupied home loans with a loan to value ratio (LVR) of more than 85% and less than or equal to 90% at time of application. | Owner occupied, P&I | - | 85–90% LVR | 7.24% | 7.47% | - |
Rate changes
5 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Variable, Owner occupied, P&I, ≤60% LVR | 6.09% | 6.34% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 60–70% LVR | 6.09% | 6.34% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 70–80% LVR | 6.14% | 6.39% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 80–85% LVR | 6.69% | 6.94% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 85–90% LVR | 6.99% | 7.24% | up 0.25 |
Each change is logged the night it appears in the rates UBank publishes. See how every lender answered the RBA on the rate tracker.
Fees
6 fees published, grouped by when they're charged.
- When you take it out$250Loan advance fee
- While you hold it$250 a yearAnnual fee
- When you close it or pay it offNo fee published
When you take it out1
- Loan advance fee
To prepare your loan documents and to arrange settlement of the loan.
$250
While you hold it1
- Annual fee
Fee debited every year on the anniversary of the date we first give you the funds. Covers up to 5 Flex home loan accounts.
$250 a year
When particular things happen3
- Discharge fee
If we discharge a property (security interest) at your request.
$300 - Documentation fee
To issue a new set of loan documents if your requirements change.
$100 - Production fee
If we are required to send a certificate of title to another financial institution.
$110
Other fees1
- Valuation fee
First Valuation Fee covered up to $360. Second or further valuations are at cost.
Varies
Features
- Split loan available, subject to product terms and conditions.
Eligibility and 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 90%
- - 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…
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Published by UBank under the Consumer Data Right, last changed by them on 9 Oct 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.