Refinance calculator

Compare your loan to find out if you could save

Estimate your savings

How does your loan stack up against ours?

We’ll crunch the numbers to see how your current home loan compares to ours. To keep things simple, we compare principal and interest payments. Answer the questions below to estimate how much you could save by refinancing with ubank.

Important: Savings are a guide only. They reflect the difference between the estimated repayment amounts for your loan based on the current loan balance, remaining loan term and current interest rate you have entered. To compare loans, we have recalculated a repayment amount for your current loan, using the loan balance and remaining loan term you have entered, but based on the current interest rate for a ubank home loan. The estimated repayments and savings amount are likely to change if (amongst other things) any of the following change: interest rates, repayment type, repayment frequency and loan balance. If you want to know more, check out ‘Additional calculator information’ below.

Ready to chat about refinancing?

Talk it over with one of our lending specialists.
Call us on (02) 9058 7404 Monday to Friday 9am-8pm, Sat and Sun 9am-6pm (Syd time)

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How to refinance online

Refinance your loan without stepping a foot out of home

See if we’re a good fit

Check you’re eligible for a ubank home loan
Apply without the paperwork

Complete our online application or talk with a lending specialist
Get a decision fast

If your application hits the mark, we’ll let you know you’ve been approved
Accept your offer and relax

Review and accept your loan documents online, then wait for settlement

Ready to switch and save?

You can refinance your loan from the comfort of home with our simple online application

Apply now

Get a breakdown of our home loans

Check out these useful links for some help on choosing your loan.

Rates are subject to change. The rates that are shown may not be the rates that apply to your loan. We have not taken into account any fees or charges.

Repayments are indicative only. When calculating repayments we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They include:

Loan amount

The loan amount and estimated property value is the amount entered by you. Ubank’s loans have a maximum loan to value ratio (LVR) of 85%. Therefore, the loan amount will be the lesser of your current loan balance entered or 85% of the estimated property value entered.

Interest rates

Where you have selected both a ‘variable’ interest rate along with ‘A low interest rate and no ongoing fees’, we have applied the current interest rate for a ‘Neat home loan’. If you have selected both a ‘variable’ interest rate along with ‘Ability to reduce repayments with 100% interest offset’ we have applied the current interest rate for a ‘Flex home loan – variable’.

Where you have selected a ‘fixed’ interest rate type, we have applied the current interest rate for ‘Flex home loan – fixed’.

As rates are subject to change, the rate that is current today (both variable or fixed) may not be the rate that applies to your loan.

That any variable interest rate displayed will not change during the term of your loan. We do this as we can’t predict what rates will do in the future.

That at the end of any fixed rate period, a variable rate will apply.

Interest and repayment cycles

That repayments are made monthly. If you have chosen to view your savings on an annual basis, we have taken the monthly amount and multiplied it by 12. As the figures displayed are to the nearest dollar, this may not be a precise conversion.

That your annual interest charge is divided equally over 12 monthly payments. In reality, interest is typically calculated daily and charged at the same frequency and on the same day as repayments are made.

That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan).