RateGapevery home loan rate lenders publish, compared

UBank home loan rates

UBank's lowest advertised variable rate for a home you live in and pay down is 6.34%, if you owe up to 70% of the home’s value. It was read Monday 2 November, and is 0.49 percentage points above the going rate of 5.85% across every lender. Its lowest fixed rate is 6.74%, fixed for one year.

Since the Reserve Bank’s increase on Tuesday 29 September, UBank has raised its lowest advertised variable rate from 6.09% to 6.34%. The change was first seen Friday 9 October. After the Reserve Bank’s increase has every lender.

61 advertised rates across 11 products, published by UBank under the Consumer Data Right. Last read Monday 2 November, yesterday. No lender pays to be listed.

Where it sits

6.34% UBank, lowest variable rate if you owe up to 70%

5.85% The going rate

0.49 percentage points above the going rate

The going rate is the lowest rate at least three lenders reach, so one lender's odd price cannot set it.

Both are advertised new-customer rates. A negotiated discount is in neither. Read your own rate against this.

Lowest variable rate, if you owe up to 70%: 6.34%
Lowest fixed rate: 6.74%, one year
Lowest comparison rate: 6.36%
Rates published: 61, across 11 products
Last rate move: Thursday 8 October
Last read: Monday 2 November

For a home you live in and pay down. The other loan types are in the tables below.

Lenders set a different rate for each LVR band, shown as how much you owe. LVR is what you owe as a share of the home's value.

Owner-occupied, principal and interest

Variable

Neat - OO Variable P&I · owe up to 60% · 6.34% (6.36% with fees)
Neat - OO Variable P&I · owe 60.01–70% · 6.34% (6.36% with fees)
Flex - Variable OO P&I · owe up to 60% · 6.34% (6.58% with fees)
Flex - Variable OO P&I · owe 60.01–70% · 6.34% (6.58% with fees)
Neat - OO Variable P&I · owe 70.01–80% · 6.39% (6.41% with fees)
Flex - Variable OO P&I · owe 70.01–80% · 6.39% (6.63% with fees)
Neat - OO Variable P&I · owe 80.01–85% · 6.94% (6.96% with fees)
Flex - Variable OO P&I · owe 80.01–85% · 6.94% (7.17% with fees)
Neat - OO Variable P&I · owe 85.01–90% · 7.24% (7.26% with fees)
Flex - Variable OO P&I · owe 85.01–90% · 7.24% (7.47% with fees)

Fixed

Flex - Fixed OO P&I · one year · owe up to 80% · 6.74% (6.62% with fees)
Flex - Fixed OO P&I · two years · owe up to 80% · 6.79% (6.67% with fees)
Flex - Fixed OO P&I · three years · owe up to 80% · 6.84% (6.72% with fees)
Flex - Fixed OO P&I · five years · owe up to 80% · 6.99% (6.87% with fees)
Flex - Fixed OO P&I · one year · owe 80.01–85% · 7.04% (7.18% with fees)
Flex - Fixed OO P&I · two years · owe 80.01–85% · 7.09% (7.20% with fees)
Flex - Fixed OO P&I · one year · owe 85.01–90% · 7.14% (7.46% with fees)
Flex - Fixed OO P&I · two years · owe 85.01–90% · 7.19% (7.46% with fees)
Flex - Fixed OO P&I · three years · owe 80.01–85% · 7.24% (7.26% with fees)
Flex - Fixed OO P&I · three years · owe 85.01–90% · 7.34% (7.50% with fees)
Flex - Fixed OO P&I · five years · owe 80.01–85% · 7.39% (7.38% with fees)
Flex - Fixed OO P&I · five years · owe 85.01–90% · 7.49% (7.58% with fees)

Owner-occupied, interest only

7 rates

Variable

Flex - Variable OO IO · owe up to 60% · 6.65% (6.69% with fees)
Flex - Variable OO IO · owe 60.01–70% · 6.69% (6.71% with fees)
Flex - Variable OO IO · owe 70.01–80% · 6.74% (6.76% with fees)

Fixed

Flex - Fixed OO IO · one year · owe up to 80% · 6.84% (6.63% with fees)
Flex - Fixed OO IO · two years · owe up to 80% · 6.84% (6.67% with fees)
Flex - Fixed OO IO · three years · owe up to 80% · 6.89% (6.72% with fees)
Flex - Fixed OO IO · five years · owe up to 80% · 7.04% (6.86% with fees)

No band here goes above 80% of the property's value. That means UBank publishes none — not that it will not lend above 80%. Whether it does is not in this data.

Investment, principal and interest

22 rates

Variable

Neat - INV Variable P&I · owe up to 60% · 6.44% (6.46% with fees)
Flex - Variable INV P&I · owe up to 60% · 6.44% (6.68% with fees)
Neat - INV Variable P&I · owe 60.01–70% · 6.49% (6.51% with fees)
Flex - Variable INV P&I · owe 60.01–70% · 6.49% (6.73% with fees)
Neat - INV Variable P&I · owe 70.01–80% · 6.54% (6.56% with fees)
Flex - Variable INV P&I · owe 70.01–80% · 6.54% (6.78% with fees)
Neat - INV Variable P&I · owe 80.01–85% · 7.29% (7.31% with fees)
Flex - Variable INV P&I · owe 80.01–85% · 7.29% (7.52% with fees)
Neat - INV Variable P&I · owe 85.01–90% · 7.39% (7.41% with fees)
Flex - Variable INV P&I · owe 85.01–90% · 7.39% (7.62% with fees)

Fixed

Flex - Fixed INV P&I · one year · owe up to 80% · 6.79% (6.71% with fees)
Flex - Fixed INV P&I · two years · owe up to 80% · 6.84% (6.76% with fees)
Flex - Fixed INV P&I · three years · owe up to 80% · 6.89% (6.81% with fees)
Flex - Fixed INV P&I · five years · owe up to 80% · 7.04% (6.94% with fees)
Flex - Fixed INV P&I · one year · owe 80.01–85% · 7.09% (7.50% with fees)
Flex - Fixed INV P&I · two years · owe 80.01–85% · 7.14% (7.49% with fees)
Flex - Fixed INV P&I · one year · owe 85.01–90% · 7.19% (7.60% with fees)
Flex - Fixed INV P&I · two years · owe 85.01–90% · 7.24% (7.59% with fees)
Flex - Fixed INV P&I · three years · owe 80.01–85% · 7.29% (7.52% with fees)
Flex - Fixed INV P&I · three years · owe 85.01–90% · 7.39% (7.62% with fees)
Flex - Fixed INV P&I · five years · owe 80.01–85% · 7.44% (7.59% with fees)
Flex - Fixed INV P&I · five years · owe 85.01–90% · 7.54% (7.69% with fees)

Investment, interest only

10 rates

Variable

Neat - INV Variable IO · owe up to 60% · 6.65% (6.55% with fees)
Flex - Variable INV IO · owe up to 60% · 6.65% (6.75% with fees)
Neat - INV Variable IO · owe 60.01–70% · 6.69% (6.60% with fees)
Flex - Variable INV IO · owe 60.01–70% · 6.69% (6.80% with fees)
Neat - INV Variable IO · owe 70.01–80% · 6.74% (6.65% with fees)
Flex - Variable INV IO · owe 70.01–80% · 6.74% (6.85% with fees)

Fixed

Flex - Fixed INV IO · one year · owe up to 80% · 6.89% (6.72% with fees)
Flex - Fixed INV IO · two years · owe up to 80% · 6.89% (6.76% with fees)
Flex - Fixed INV IO · three years · owe up to 80% · 6.94% (6.81% with fees)
Flex - Fixed INV IO · five years · owe up to 80% · 7.09% (6.94% with fees)

No band here goes above 80% of the property's value. That means UBank publishes none — not that it will not lend above 80%. Whether it does is not in this data.

What changed

UBank last moved a rate on Thursday 8 October. Every rate is read each morning and has come back the same since.

Every lender that publishes rates, and every rate move since capture began.

Beside it

Of 93 lenders with a variable rate anyone could take for a home you live in and pay down, 57 publish a lower one than UBank's 6.34%. The nearest either side:

CommBank 6.34%
Connective Select 6.34%
UBank 6.34%
P&N Bank 6.38%
Qudos Bank 6.38%

UBank is a NAB brand. The group's other brand with a page here: NATIONAL AUSTRALIA BANK. Each publishes its own rates.

Does this look wrong? or could it be better

Two different things go wrong here and they are fixed in different places. If a rate on this page does not match what UBank told you, it is usually one of these.

The published data is wrong

UBank publishes these rates itself, under the Consumer Data Right. Nobody here types them in and nothing here can correct them at the source. If the feed is wrong, every comparison site reading it is wrong in the same way. Reports about a data holder's feed go to the Consumer Data Right, and published-data quality is on the ACCC's enforcement list.

Everything identifying the feed is filled in below. The one part left is what you saw.

Consumer Data Right — Product Reference Data quality

Data holder brand: UBank
ABN: 12004044937
Product Reference Data endpoint: https://public.cdr-api.86400.com.au
Data read from that endpoint on: Sunday 1 November
Rate lines published at that time: 61

What appears to be wrong:
[describe what you checked, and what the published data says]

This data is published under the Product Reference Data standard and is
available publicly, without authentication or a consumer consent.

Open the report form in a new tab ↗

The form is run by the Consumer Data Right, not by this site. Nothing you type here is sent anywhere — the text above is yours to copy.

This page reads it wrongly

The rate is published correctly and this page has misread it. A band shown against the wrong loan type, a fee counted twice, a product that should be marked restricted and is not: that one is mine. Tell me and I will fix it, and say which lender so I can find the row.

Something is missing

A figure this page should show and does not, or a lender that should be here and is not. Tell me through the feedback box. The data behind every page here is free to download if you would rather check it yourself first.

The other questions

Are you paying more than you need to? your rate against every lender publishing one
How fast should you pay it off? term, extra repayments, interest only
Don't have a loan yet? what to look at before you pick one
What does each lender advertise? every lender that publishes rates, a page each
What moved this week? which lenders changed an advertised rate
Where do these numbers come from? every published rate, and how fresh it is

Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. Who made this. What this site collects.