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).
- From (owner occupied)
- 6.4%
- 6.44% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Owner 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. | 6.4% | 6.44% | LVR 0% to 60% |
| Variable Owner 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. | 6.44% | 6.46% | LVR 60.01% to 70% |
| Variable Owner 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. | 6.49% | 6.51% | LVR 70.01% to 80% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Loan advance fee To prepare your loan documents and to arrange settlement of the loan. | Upfront | $250.00 |
| Valuation fee First Valuation Fee covered up to $360. Second or further valuations are at cost. | Other | Variable |
| Documentation fee To issue a new set of loan documents if your requirements change. | Event | $100.00 |
| Discharge fee If we discharge a property (security interest) at your request. Charged per security. | Event | $300.00 |
| Production fee If we are required to send a certificate of title to another financial institution. | Event | $110.00 |
| Annual fee Charged yearly · Fee debited every year on the anniversary of the date we first give you the funds. Covers up to 5 Flex home loan accounts. | Ongoing | $250.00 |
Features
- Digital banking
- Extra repayments
- Notifications — Customers can configure notifications for incoming payments, services disruptions and updates, and account access.
- Customers can configure notifications for incoming payments, services disruptions and updates, and account access.
- Real-time payments (NPP)
- Offset account
- Split loan available, subject to product terms and conditions.
- Redraw facility
Eligibility
- Employment status — Applicants must be a PAYG employee.Applicants must be a PAYG employee.
- Minimum age — 18 years
- Individuals only
- - 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 won't be able to apply with a sibling or parent). - Credit criteria, fees and charges apply.
- Residency status — Be an Australian or New Zealand citizen, or a permanent resident of Australia.Be an Australian or New Zealand citizen, or a permanent resident of Australia.
Constraints
- Maximum limit — $5,000,000.00
- Maximum LVR — 8000%
- Minimum limit — $80,000.00Minimum amount per split $20,000.00
More Information
Published by UBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 4 · View on CDR.gov.au