First UBank Savings Accounts, Now UBank UHomeLoan Home Loans, is the UBank Credit Card Next?
Australia is becoming increasingly more aligned with the UK and US with a number of recent launches of branches direct banks. UBank is one of the most successful launches in Australia, backed by NAB and launched in October 2008.
UBank has been relatively successful in a short period of time, with reportedly deposits exceeding over $500 million in one month. UBank’s effective use of non-traditional marketing including social media, has helped bring the brand a lot closer to its customers and increased satisfaction levels.
The online application process for the UBank USaver is very easy, and with a fantastic market leading rate, it’s no wonder why the savings product has been so successful.
More recently, UBank have launched UBank Home Loans, providing a competitive option for consumers looking to apply for a new home loan, or refinance their existing home loan.
UBank Home Loan applicants benefit from:
- A highly competitive interest rate
- No application fees
- No break costs or fees if you pay out your home loan early or switch to another lender
- The ability to redraw available funds
- A 0.10% p.a. loyalty discount off the variable interest rate for any customer who has held the UHomeLoan for 3 years
UBank UHomeLoan Comparisons
Rates last updated September 30th, 2016.
- UBank UHomeLoan - 3 Year Fixed Rate (Owner Occupier)
Interest rate dropped by 0.09%
December 18th, 2015
- UBank UHomeLoan - 1 Year Fixed Rate (Owner Occupier)
Interest rate dropped by 0.19% p.a.
February 18th, 2016
A UBank Credit Card would be complimentary to the other product available in the UBank product range. Perhaps it’ll be called the UBank UCreditCard?
If it does happen, we hope UBank continue with their same competitive position, and release a credit card product that offers great value on fees, interest rates and balance transfers.
Stay tuned, we’ll be the first to let you know if UBank do decide to release a UBank Credit Card.Back to top