Best ubank Loans

*update they have now made the .25% reduction over 2 weeks after the house became owner occupied. Not only do thry rip me off with interest rates,… Read more

but also delaying the change to the reduced interest rate.

Ubank have underhanded business practices.

I've had a Ubank home loan for several years as an owner occupier. Last year I rented my house out. Ubank put the interest rate up by .5% as it was now 'more risk to them.' They said a .5% increase is standard.

Note that my home loan amount is quite low compared to the value of my property - the land alone is worth more than the loan so there was no risk to them.

They still put the rate up.

I've now moved back into my home. I've contacted Ubank to change my loan back and expected my rate to decrease by .5%. But no, they're only decreasing it by .25%.

This is so sneaky, dodgy and underhanded.