UBankFlex - Variable OO IO
Offset up to 100% interest on your home loan with multiple ubank accounts and unlimited additional payments (owner occupied, interest only loan).
At a glance
- Max LVR
- 80%
- Annual fee
- $250
- Features
- offset, redraw, extra repayments
Rates
Every rate UBank publishes for this home loan, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableOwner occupied with interest only 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, Interest only | - | ≤60% LVR | 6.65% | 6.69% | - |
| VariableOwner occupied with interest only 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, Interest only | - | 60–70% LVR | 6.69% | 6.71% | - |
| VariableOwner occupied with interest only 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, Interest only | - | 70–80% LVR | 6.74% | 6.76% | - |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Variable, Owner occupied, Interest only, ≤60% LVR | 6.40% | 6.65% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 60–70% LVR | 6.44% | 6.69% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 70–80% LVR | 6.49% | 6.74% | 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. Charged per security.
$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 80%
- - 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.