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UBankFixed UHomeLoan
For refinance only

Init. Monthly Repayment

$1,724.18

Loan Amount

$300,000

Min. Deposit

$60,000 (20%)

Loan Term

25 years

(Sample loan figures)

Fixed Interest Rates
1 year (Sample loan selection)	4.83% (Est. $1,724.18/mth) Comparison rate: 5.12%
3 years	5.03% (Est. $1,759.02/mth) Comparison rate: 5.05%
5 years	5.41% (Est. $1,826.17/mth) Comparison rate: 5.21%
Reverts to Variable Interest Rate	Currently 5.12%
Loan Term	Up to 30 years
Maximum Loan To Value Ratio (LVR)	80% ($60,000 min. deposit)
Estimated Upfront Fees	$0 details

About This Loan
Cost and Fee Breakdown
Repayment Calendar

Highlights

Application fee: $0
Legal fee: $0
Loan is portable
Service fee: $0 per annum
Settlement fee: $0
Valuation fee: $0

Other Features

Able to split loan
Exit fee: $0
Extra repayments allowed
Fortnightly repayments allowed
Loan amount: $100,000 to $1,000,000
Loan term: Up to 30 years
Maximum interest only period (investment): 10 years
Maximum interest only period (owner/occupied): 10 years
Maximum loan to value ratio (LVR): 80%
Rate lock available ($395 fee applies)
Repayment holiday available
Variable interest rate: 5.12%

About This Loan

This home loan is only available to borrowers refinancing their current home loan. The UBank Fixed rate home loan is a fixed rate loan, allowing you lock in a fixed rate of interest for 1, 3 or 5 years whilst accessing key features like an Interest Only payment option. By fixing your rate, you can protect yourself from rising interest rates and control your monthly repayment amounts for up to five years (where the loan then moves to the standard variable rate at that time).

UBank has no branches so home loan applications have to be made online or over the phone.

Features & Benefits

No Fees

The UBank Fixed UHome Loan has eliminated most traditional home loan fees such as application, valuation, settlement and redraw. Break Costs may still apply when terminating your UBank Fixed UHome loan early.

Loyalty Reward

If you keep your UBank Fixed UHome loan for 3 years and switch to a UBank Variable Rate UHome loan UBank will reward you with a 0.10% discount on the variable rate of your home loan.

Additional Repayments

You can make additional repayments toward this home loan (up to a set tolerance amount provided by UBank). Making additional repayments allows you to pay this loan off more quickly when you have extra money available to you.

Interest Only Payments

You can access an ‘Interest Only’ option with this Fixed Rate home loan where you only pay the ‘interest amount’ on the loan for a period of time (up to 10 years). During this time you won’t be making any repayments to the principal and will be paying interest on the entire principal amount every month.

Rate Lock Feature

UBank will automatically lock in your fixed rate at the time of application ($395 Rate Lock Fee applies). This feature protects against interest rate changes between approval and settlement.

Ability to Split Loan

Splitting the loan means that you can split this fixed rate UHome loan with the UBank Variable Rate UHome so that you can access different features (like redraw) at different times during the loan.

Fees You’re Likely to Pay

Valuation Fee	$0
Application Fee	$0
Settlement Fee	$0
Legal Fee	$0
Other Upfront Fees	$0
Service Fee	$0
Exit Fee	$0

Show: The first 12 months The full term of the loan (25 years)

Summary at 12 months

Principal

You would have paid $6,339 of the total principal $300,000

Interest

You would have paid $14,351 of the total interest $231,382

Fees

You would have paid $0 of the total fees
$0

Total

You would have paid $20,690 of the grand total
$531,382

Year	Month	Opening Balance	Interest Rate	Payment Amount	Total Principal Paid	Total Interest Paid	Remaining Balance
2013	May	$300,000.00	4.83%	$1,724.18	$516.68	$1,207.50	$299,483.32
	June	$299,483.32	4.83%	$1,724.18	$1,035.45	$2,412.92	$298,964.55
	July	$298,964.55	4.83%	$1,724.18	$1,556.30	$3,616.25	$298,443.70
	August	$298,443.70	4.83%	$1,724.18	$2,079.25	$4,817.49	$297,920.75
	September	$297,920.75	4.83%	$1,724.18	$2,604.31	$6,016.62	$297,395.69
	October	$297,395.69	4.83%	$1,724.18	$3,131.47	$7,213.64	$296,868.53
	November	$296,868.53	4.83%	$1,724.18	$3,660.76	$8,408.53	$296,339.24
	December	$296,339.24	4.83%	$1,724.18	$4,192.18	$9,601.30	$295,807.82
2014	January	$295,807.82	4.83%	$1,724.18	$4,725.74	$10,791.92	$295,274.26
	February	$295,274.26	4.83%	$1,724.18	$5,261.45	$11,980.40	$294,738.55
	March	$294,738.55	4.83%	$1,724.18	$5,799.31	$13,166.73	$294,200.69
	April	$294,200.69	4.83%	$1,724.18	$6,339.34	$14,350.88	$293,660.66

Summary over the loan term

Principal

You would have paid $300,000 of the total principal $300,000

Interest

You would have paid $231,382 of the total interest $231,382

Fees

You would have paid $0 of the total fees
$0

Total

You would have paid $531,382 of the grand total
$531,382

Year	Opening Balance	Interest Rate	Monthly Payment	Total Payments	Total Principal Paid	Total Interest Paid	Remaining Balance
1	$300,000.00	4.83%	$1,724.18	$20,690	$6,339	$14,351	$293,661
Interest rate changes to 5.12% (standard variable rate)
2	$293,660.66	5.12%	$1,773.24	$21,279	$6,392	$14,887	$287,269
3	$287,268.63	5.12%	$1,773.24	$21,279	$6,727	$14,552	$280,542
4	$280,541.54	5.12%	$1,773.24	$21,279	$7,080	$14,199	$273,462
5	$273,461.82	5.12%	$1,773.24	$21,279	$7,451	$13,828	$266,011
6	$266,011.00	5.12%	$1,773.24	$21,279	$7,841	$13,437	$258,170
7	$258,169.61	5.12%	$1,773.24	$21,279	$8,252	$13,026	$249,917
8	$249,917.18	5.12%	$1,773.24	$21,279	$8,685	$12,594	$241,232
9	$241,232.17	5.12%	$1,773.24	$21,279	$9,140	$12,139	$232,092
10	$232,091.90	5.12%	$1,773.24	$21,279	$9,619	$11,659	$222,473
11	$222,472.52	5.12%	$1,773.24	$21,279	$10,124	$11,155	$212,349
12	$212,348.89	5.12%	$1,773.24	$21,279	$10,654	$10,625	$201,695
13	$201,694.60	5.12%	$1,773.24	$21,279	$11,213	$10,066	$190,482
14	$190,481.83	5.12%	$1,773.24	$21,279	$11,801	$9,478	$178,681
15	$178,681.29	5.12%	$1,773.24	$21,279	$12,419	$8,860	$166,262
16	$166,262.19	5.12%	$1,773.24	$21,279	$13,070	$8,209	$153,192
17	$153,192.09	5.12%	$1,773.24	$21,279	$13,755	$7,524	$139,437
18	$139,436.87	5.12%	$1,773.24	$21,279	$14,476	$6,803	$124,961
19	$124,960.62	5.12%	$1,773.24	$21,279	$15,235	$6,044	$109,726
20	$109,725.55	5.12%	$1,773.24	$21,279	$16,034	$5,245	$93,692
21	$93,691.87	5.12%	$1,773.24	$21,279	$16,874	$4,405	$76,818
22	$76,817.72	5.12%	$1,773.24	$21,279	$17,759	$3,520	$59,059
23	$59,059.06	5.12%	$1,773.24	$21,279	$18,690	$2,589	$40,370
24	$40,369.51	5.12%	$1,773.24	$21,279	$19,669	$1,610	$20,700
25	$20,700.27	5.12%	$1,773.24	$21,279	$20,700	$579	$0

Disclaimer:

WhistleOut is not suggesting that you apply for this home loan provided by this lender, nor are we trying to assist you to apply for this home loan from this lender. We recommend that you seek professional advice before applying for this home loan.

WhistleOut may receive a commission from the lender.

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About the Home Loan Comparison Results

All calculations are estimates only.
WhistleOut is a comparison service and is not a bank or lender. Comparisons are unique to each user and the loan amount, term, features and 'what if' scenarios specified.
Where a loan is referenced as 'Sample', the loan amounts, payments and fees are based on a loan amount of $300,000 over a term of 25 years.
Comparison Rates quoted are the comparison rates published by lenders (typically based on a loan amount of $150,000 over a term of 25 years).
1- 30 year cost / progress estimates do not assume that you will exit the loan and do not factor in any Exit Fees / Deferred Establishment Fees / Early Termination Fees / Early Break Costs, etc.
'Cost Estimates' are the sum of all principal and interest payments made on the home loan, along with any upfront fees (application, legal, settlement, valuation) and any ongoing fees, e.g. service fees, that might be payable.
'Initial Monthly Repayments' are based on the first payment you make in the loan when discounts and introductory rates are factored in. The 'Repayment Calendar' shows where the monthly repayments will change to an ongoing rate.
'What if Variable Rates Change' assumes that the interest rate increases or decreases exactly by your selected amount on all variable interest rates. This is a hypothetical situation only and lenders can choose to pass on interest rate rise and falls at their own discretion.
'What if Extra payments' assumes that you make extra payments on the loan every month ABOVE the required monthly payment. This is a hypothetical situation and are estimates only.

TripleM Adelaide

Click to visit UBank:

UBankFixed UHomeLoan For refinance only

Init. Monthly Repayment

Loan Amount

Min. Deposit

Loan Term

Highlights

Other Features

About This Loan

Features & Benefits

No Fees

Loyalty Reward

Additional Repayments

Interest Only Payments

Rate Lock Feature

Ability to Split Loan

Fees You’re Likely to Pay

Summary at 12 months

Principal

Interest

Fees

Total

Summary over the loan term

Principal

Interest

Fees

Total

Compare home loans from the following home loan lenders...

UBankFixed UHomeLoan
For refinance only