UBank
Flex - 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).
Home loansBank updated 23 Sept 2026
At a glance
- Max LVR
- 80%
- Annual fee
- $250
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 3
| 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 | 6.40% | 6.44% | — |
| 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 | 6.44% | 6.46% | — |
| 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 | 6.49% | 6.51% | — |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Discharge fee | Event | $300 | — | If we discharge a property (security interest) at your request. Charged per 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. |
| Valuation fee | Other | Varies | — | First Valuation Fee covered up to $360. Second or further valuations are at cost. |
| Annual fee | Periodic | $250 | Every 1 yr | Fee debited every year on the anniversary of the date we first give you the funds. Covers up to 5 Flex home loan accounts. |
| Loan advance fee | Upfront | $250 | — | To prepare your loan documents and to arrange settlement of the loan. |
§ 03 — Features
Offset accountRedrawExtra repaymentsInstant paymentsDigital banking
- · Split loan available, subject to product terms and conditions.
§ 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 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…
§ 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.