The Ultimate home loan, your flexible home loan

urbanmoney provides innovative and flexible home loan products that lead the market in terms of price and features. Our Ultimate Home Loan is our fully featured First Class Home Loan, but with an ongoing variable rate that is starkly lower than the general market.

The Ultimate Home Loan offered by urbanmoney is a new home loan that is offered at our wholesale rate (as provided by Resimac Limited) plus a small margin. This product does include a ‘Loan Entry Fee’ (LEF) of 0.66% of the loan amount that is deducted from the loan at the time of settlement.

The Ultimate Home Loan offers an opportunity to save considerable interest over time in view of its well below market interest rate. The table below reflects an example of such savings in line with the average advertised home loan packages with the major 4 banks.

Ultimate Home Loan Comparisons

Loan Amount
Saving % p.a
Saving $ p.a
Saving $ 5 yrs
Saving $ 10 yrs

LEF = .66% of the original loan amount (including GST)

Savings % based on the average advertised home loan package rate offered by ANZ, NAB, Westpac and CBA as at 6th February 2014, less The Ultimate Home Loan rate for loans less than 80% Loan to Value ratio.

LEF is payable on settlement of the loan and is deducted from the loan advance. Additional fees and charges apply, including $275 mortgage legal fee, $275 valuation fee per security and general disbursements such as registration of mortgage, title search and title insurance approx. $132. Additional loan splits are $220 per split.

Loan approval is subject to our normal lending criteria and credit assessment.

When buying a new home check our Home Buyers Guide for information on buying a home, especially for your first time home loan. All costs should be considered such as Stamp Duty Queensland, ACT Stamp Duty and New South Wales Stamp Duty as well as stamp duty in other states of Australia

Product Features

For product features download the Ultimate Home Loan product information sheet. The Ultimate Home Loan is a fully featured home loan offering;

  • Free online redraw
  • Full offset account
  • Split loan facility
  • Full internet access via ‘Loan Access System’
  • Bill pay
  • Inward direct salary credit
  • Weekly, fortnightly and monthly repayments
  • Principal and interest or interest only repayments or home equity home loan.
  • Lender Mortgage Insurance payable for loans over 80% loan to value ratio (LVR).
  • Maximum LVR 90%

*The comparison rates apply to a specific loan amount of $350,000 over a term of 30 years. Different amounts and terms will result in different comparison rates. Costs such as redraw or early repayment fees and costs savings such as waivers are not included in the comparison rate but may affect the true cost of the loan. All loan approvals are subject to completed loan application and formal assessment, and the decision of our credit analyst is final.

Click here for information sheet

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