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  4. Neat Variable Home Loan (Principal and Interest) (LVR < 60%)

Important disclosure

ubank

Neat Home Loan

  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I

special

Get a home loan with low variable rates and no annual fee.
Interest Rate

6.09%

p.a

Comparison Rate*

6.11%

p.a

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RateCity says

“A straightforward home loan with a low variable rate, unlimited extra repayments with redraw, and no ongoing fees.”

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

6.09%

p.a

Comparison Rate*

6.11%

p.a

Monthly Repayment

$3,249

based on $500,000 loan amount for 25 years at 6.09%

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Australian Credit Licence 230686Fees & charges apply

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Calculate your repayments for this loan

$

Your estimated repayment

$3,249

based on $500,000 loan amount for 25 years at 6.09%

Pros and cons

For Neat Variable Home Loan (Principal and Interest) (LVR < 60%)

Benefits

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility

Drawbacks

  • No offset account
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 60% of the property's value
  • No repayment holidays

ubank Variable Rate Home loan overview

For Neat Variable Home Loan (Principal and Interest) (LVR < 60%)

Details

Maximum LVR

60%

Total Repayments

$974,721

View repayment schedule »

Interest rate type

Variable

Borrowing range

$80k - $100m
Calculate how much you can borrow

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit ubank to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$250

Application fee

$250

Legal fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$300

Specials
  • Other Get a home loan with low variable rates and no annual fee.

Other Restrictions

Home loans with a term of >30 years will only be available for owner-occupied P&I ≤80% LVR purchase applications.

How to apply

If you'd like to apply for this product or just get more information, follow the application process on ubank.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $80k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 60 percent, which means it requires a minimum deposit of 40 percent

What's the maximum length for this loan?

ubank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

ubank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $250 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

ubank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this ubank loan is available through a broker. Find a broker to help you with your needs.