61 live products
UBank
Best available rate
5.59%p.a.
Neat - Oo Variable P&i
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.61%
Offset
Not included
Redraw
Included
Finding the best rates…
Home Loans Comparison
Bank One
UBank
Best available
From 5.59% p.a.
Line-up
61 live products
VS
UBank vs Westpac
Compare UBank and Westpac home loans in March 2026. UBank offers rates from 5.59% p.a. across 61 products, while Westpac starts at 5.79% p.a. with 179 products. UBank currently has the lower rate by 0.20%.
VS
179 live products
Westpac
Best available rate
5.79%p.a.
Fixed Rate Home Loan (Investment Fixed 1 Yr)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
6.45%
Offset
Not included
Redraw
Included
Live edge
UBank is lower on headline home loan rate by 0.20%, which is roughly $83 per month on a $500,000 loan.
0.20% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | UBank | Westpac |
|---|---|---|
| Interest rate | 5.59% | 5.79% |
| Comparison rate | 5.61% | 6.45% |
| Offset account | No | No |
| Redraw | Yes | Yes |
All UBank Products
Every tracked home loans option from UBank.
All Westpac Products
Every tracked home loans option from Westpac.
UBank's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) while Westpac starts at 5.79% p.a. (comparison rate 6.45%). UBank is 0.20% lower, which saves approximately $83/month on a $500,000 loan.
Key features: UBank includes redraw, Westpac includes redraw.
Quick Comparison
| Feature | UBank | Westpac |
|---|---|---|
| Interest Rate | 5.59% | 5.79% |
| Comparison Rate | 5.61% | 6.45% |
| Offset Account | No | No |
| Redraw Facility | Yes | Yes |
Common Questions
UBank vs Westpac FAQs
Which bank has a lower home loan rate, UBank or Westpac?
UBank currently offers the lower variable rate at 5.59% p.a. compared to 5.79% p.a. Always check the comparison rate for a true cost picture.
Do UBank and Westpac home loans have offset accounts?
UBank does not include an offset account. Westpac does not include an offset account.
What is UBank's lowest home loan rate in 2026?
UBank's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) on the Neat - Oo Variable P&i.
What is Westpac's lowest home loan rate in 2026?
Westpac's lowest variable rate is 5.79% p.a. (comparison rate 6.45%) on the Fixed Rate Home Loan (Investment Fixed 1 Yr).