The hassle-free home loan
Refinancing your home loan has always been a bit of a hassle - up till now. With a UHomeLoan you apply online, so it takes just 7 easy steps to refinance.
Here's how the UHomeLoan works.
1. Apply online
Apply securely online with our easy step-by-step application. The first step is to give us information about you and the home loan you're applying for. You can get started now and save an application and then finish it later.
2. Approval to proceed to the next stage
Once we've reviewed your information, we'll confirm in as little as 30 minutes whether you're eligible to proceed to the next stage of the refinancing process.
3. Verification
This is where we ask you to send us some documents so we can check the details you provided on the application form. Don't worry, it's quick and easy - you upload your documents securely online. We've even created a checklist so you can ensure you've got all the right documents.
4. Valuation
We'll organise an independent valuation of your property as security for your mortgage.
5. Assessment
We'll review your needs, financial position and objectives, and offer you a UHomeLoan if it's right for you.
6. Approval
It's official! If we think a UHomeLoan is right for you, we'll confirm your home loan refinance is approved and send you the contract pack to read, sign and send back to us.
7. Settlement
The big milestone - congratulations, your new home loan is up and running - and it's time to sit back, relax, and enjoy all the benefits (and savings) of having a UBank home loan.
You'll always know where you're at
From the moment you apply, until we call to welcome you, we'll keep you updated with regular emails so you always know where things are at, and what comes next. Our online 'Application Tracker' allows you to keep track of your home loan application status, from start to finish.
You'll get there faster
Refinancing your home loan can be lengthy and frustrating, typically taking up to 4 to 6 weeks to complete. UBank uses a process called FASTRefi® which allows the settlement of your new home loan to be completed within days of signing the loan documents.
