This was posted 10 years 10 months 3 days ago, and might be an out-dated deal.

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UBank home loan $2,014 EFTPOS Card Offer. Extended until 5pm (EST) 7 March

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UBank home loan $2,014 EFTPOS Card Offer. Extended until 5pm (EST) 7 March
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AssociatedLUBank Rep on 28/02/2014 - 12:19 hello.ubank.com.au (381 clicks)
Last edited 06/03/2014 - 17:39

Now updated to include all types of home loan, including variable, fixed and new purchase home loans.

Apply for a home loan with UBank by 7 March and, when you settle, you could get a $2,014 EFTPOS gift card to spend however you like.

For Loans of $350,000 or greater. Limited to 800 customers - availability still on this offer.

With a low rate UHomeLoan, you could save thousands over the life of your home loan. You'll also take home these real rewards:

Variable home loan:
- 4.62%p.a. variable and comparison rate, includes .25%p.a. Upfront Discount Offer
- no bank fees whatsoever
- 24/7 support

More information on the variable home loan can be found at: http://hello.ubank.com.au/uhomeloan/variable/

3 year fixed home loan:
- 4.88%p.a. (4.83%p.a. comparison rate)
- no monthly account fees
- 24/7 support

More information on the 3 year fixed home loan can be found at:
http://hello.ubank.com.au/uhomeloan/fixed/

The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Government fees, charges and lending criteria apply.

Referral Links

Referral: random (1230)

Referrer and referee each receive $20 after referee makes 5 settled card purchases within 30 days.

Financial Gift Card Home Loan Loan

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closed Comments

  • kechenl on 28/02/2014 - 12:26

    pls also let us know the $2014 is only for first 800 customers.

    • CyberMurning on 28/02/2014 - 12:27
      -1

      and how to make this transparent to new applicants.
      and then please extend to June :)

      • AssociatedUBank Rep @ ubank on 28/02/2014 - 12:44
        +1

        Yes, there is a cap of 800 however there is still availability on this gift card while the offer is still running. Please refer to full T&Cs on Ubank.com.au

  • [Deactivated] on 28/02/2014 - 12:38

    does thw 800 include the previous deal

    stop being dodgy, its looks like you're bait advertising.

  • justtoreply on 28/02/2014 - 12:45

    comment removed

  • [Deactivated] on 28/02/2014 - 12:47
    +1

    do either of these accounts have a 100% offset attached to them?

    • SBOB on 28/02/2014 - 13:24

      no, but at least the variable rate loan has a full redraw capabilities with no fees for redraw (though a minimum of something, but I dont remember the minimum $)

      • AssociatedUBank Rep @ ubank on 04/03/2014 - 16:00
        +1
        • There is a minimum of $1000 on fee-free redraws
  • Repstar on 28/02/2014 - 12:48
    +4

    Ubank needs an offset account, then I will move over.

  • mick123 on 28/02/2014 - 12:52

    Rep - pls advise if ubank is bringing an offset a/c?

    • AssociatedUBank Rep @ ubank on 04/03/2014 - 15:59
      +1

      At the moment there are no offset facilities with a UHomeLoan.
      The Variable Rate UHomeLoan does offer Redraw facility, which allows you to deposit extra funds in your loan and offset your Loan balance.
      Thanks

  • cornucopia on 28/02/2014 - 13:02

    On the 5 year fixed rate loan why is the comparison interest rate so much LOWER than the advertised rate?? For most other lenders the comparison rate is HIGHER?????

    • Coley on 28/02/2014 - 13:53

      Doesn't ubank have a 0.1% loyalty discount after 3 years? Might be that I'd say.

    • aussiedogga on 03/03/2014 - 15:59

      I've been confused by this previously too with other banks.
      I believe it is because the comparison rate is based on a '30 year loan'.
      Therefore after the fixed term, the interest rate will revert to the 'normal amount' (whatever that is, say 5% for example), meaning over the 30 year period the 'average' comparison rate will be above the current fixed term rate. Hope that makes sense!

  • Twisty on 28/02/2014 - 13:14

    Isn't this a Dupe?

    • nadan on 28/02/2014 - 13:52

      You are right, he posted this yesterday or the day before. Originally it was posted sometime late last year as part of new year campaign.

  • amsaini15 on 28/02/2014 - 17:00
    +1

    How much is the total of joining fees (valuation, settlement, legal, etc)..

    • save my dollarydoos on 28/02/2014 - 20:55

      Yeah this X 1000. When it comes to the amount of mortgage,sett fees, registration and so on it seems folly to chase this wondering whether you MIGHT get a $2014 eftpos card…

      • zealmax on 28/02/2014 - 23:48

        I don't think there are any fees for joining, but you may have to pay exit, break fee if you have existing home loan. There are some government registration fees.

        • nadan on 01/03/2014 - 00:39

          Also the minimum amount is $300,000 which should be very clear in their post.

    • AssociatedUBank Rep @ ubank on 04/03/2014 - 16:01
      +1

      UBank don't charge application or ongoing bank fees whatsoever on a Variable Rate UHomeLoan.
      A Fixed Rate UHomeLoan does attract a $395 rate lock fee.
      UBank will cover some valuation, settlement and registration fees that arise throughout the process.

      However there are some remaining fees that will be payable by you. These may include:
      • Any fees or charges payable to your existing lender if you are refinancing, such as break costs.
      • The fees charged by any service providers engaged by you, such as any lawyer or conveyancer, valuer, building inspector or pest controller you have hired.
      • Government duties, such stamp duty if applicable.

  • a17168202 on 01/03/2014 - 03:37

    If I'm currently working overseas (i.e. earning overseas income) could I still apply for home loan?

    • Sash85 on 01/03/2014 - 09:21

      If you're overseas and earning either AUD, USD or HKD and have 60% LVR go for a HSBC Market Linked loan instead http://www.hsbc.com.au/1/2/personal/home-loans/interest-rate…
      Rates:
      AUD - 3.57% p.a
      HKD - 0.53% p.a
      USD - 0.37% p.a

      • a17168202 on 03/03/2014 - 00:39

        Thanks for the info. First time to know about these types of loans, the rate seems unbelievably low. Is there any catch? I'll contact the bank to find out more. Cheers!

  • birnie on 10/03/2014 - 09:23

    Hi Rep,

    I spoke to a lady last week at uBank and she mentioned it was going through until April.
    So I went ahead and organised documents from my current lender, jumped on the website to apply on the weekend and site was down for maintenance……

    Back up this morning and any reference to the EFTPOS card has been removed.
    Called them up and said it was finished on the 7th March.
    Bugga.

    Was it true that it was at some stage going to be going until April?
    …any chance of it coming back?

    I would like to jump ship, but really want/need that card too.

    You snooze you lose huh?
    (mind you I snoozed on the advice given)

    Anyhoo.
    Thank, Birnie

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