Does ubank Do Personal Loans? Options for Brokers

No, ubank’s advertised product range contains no personal loans or car loans as at 3 October 2026. A client who banks with ubank can consider a separate lender’s personal or car loan, or assess funds available through an existing home loan.

NAB is a separate application route despite ubank’s place in the National Australia Bank (NAB) group. Using a mortgage for the purchase also needs a repayment plan, because a lower rate can cost more over a much longer term.

ubank’s Current Product Range

The official ubank homepage, checked on 3 October 2026, lists everyday banking accounts and home loans, without a personal or car loan product. Its everyday range includes Spend, Bills and Save accounts, with shared accounts also available.

Its home loans cover buying a home, refinancing and investment property. These are property-backed loans, so an existing ubank home loan is a different borrowing route from an unsecured personal loan.

For a client asking about ubank personal loans, begin with the purchase and how they intend to repay it. Holding a ubank savings account alone doesn’t provide a lending facility for that expense.

Where NAB Fits for a ubank Customer

ubank’s ownership explanation, checked on 3 October 2026, confirms that it is part of NAB. A NAB personal loan still requires a separate application under NAB’s own criteria.

As at October 2026, NAB’s personal loan page lists fixed and variable unsecured loans. NAB bases the offered rate on banking history with NAB, the application information and the credit history report.

A ubank account alone doesn’t establish eligibility for a NAB customer benefit. NAB’s advertised home-loan customer offer names a NAB Home Loan, NAB FlexiPlus Mortgage or NAB Portfolio Facility, without extending that offer to ubank home loans.

Assess NAB alongside the client’s other options using their repayment capacity and the loan’s total cost. Use the NAB personal loan guide for that lender’s eligibility and application evidence.

Car Finance for a ubank Customer

A ubank customer can use a secured car loan from another lender or an unsecured personal loan for the vehicle. The car’s age and type, the amount required and the client’s credit profile decide which products fit.

A secured car loan uses the vehicle as security. Under the loan terms, the lender can repossess the car if the borrower defaults. An unsecured personal loan doesn’t take the vehicle as security, though the borrower remains liable for the debt.

As at October 2026, NAB’s car loan page lists secured NAB Car Loans administered with Plenti. NAB provides the credit, and the secured route requires an existing personal NAB customer registered for Internet Banking and the NAB app.

NAB’s used-vehicle limit is 12 years at application and 15 years at the end of the term. Motorbikes, caravans and vehicles over 4.5 tonnes fall outside that secured car product.

For a fictional client buying a $30,000 car with a five-year repayment target, a four-year-old eligible car fits those age limits. A 12-year-old car would be 17 at the end, so it fails the term-end test.

For the older car, assess another lender whose security rules fit or an unsecured personal loan. The same applies to a smaller purchase below a secured lender’s minimum amount. A borrower with adverse credit needs a lender that accepts that credit history, with costs assessed against their budget.

Moneysmart’s car loan guide explains the security distinction and the costs to compare. Include fees and any final balloon payment, then use the personal loan lender guide to consider other providers.

Drawing on a ubank Home Loan Instead

An existing ubank home loan can provide a funding route through available redraw, money in an offset account or an approved loan increase. Each uses money differently, so identify the client’s loan product before assessing the purchase.

ubank’s offset and redraw explanation, checked in October 2026, says offset is available on Flex variable loans. Redraw comes from additional home-loan repayments and is available on variable and fixed loans.

Spending offset money uses the client’s cash and reduces the balance offsetting mortgage interest. Redrawing increases the outstanding loan balance. Before either transaction, assess the remaining emergency funds and the extra interest, alongside the client’s ongoing repayments.

The home loan terms effective August 2025 allow redraw restrictions, including suspension or cancellation in specified circumstances. Check the available redraw balance and the client’s loan offer, especially for fixed-rate limits or break costs.

A loan increase requires new lending approval. ubank’s UHomeLoan increase guidance, checked in October 2026, sets a $20,000 minimum request and requires a form with supporting documents for credit assessment.

That UHomeLoan process belongs to the original product. For a Neat or Flex customer, establish the applicable increase process with ubank before arranging the transaction. Assess the purchase purpose, property value, total debt and repayment capacity using the ubank home-loan policy guide.

An Illustrative $30,000 Purchase

The fictional client still wants to repay the $30,000 purchase over five years. The table also shows what happens if that same purchase remains in the mortgage for 30 years.

These are illustrative Australian-dollar calculations using constant assumed rates and monthly principal-and-interest payments. They exclude all fees and are not ubank, NAB or Plenti quotes. Totals use unrounded repayments, with displayed figures rounded to the nearest dollar.

Funding and repayment plan	Assumed annual rate	Term	Monthly repayment	Total interest	Total repaid
Personal or car loan	10%	5 years	$637	$8,245	$38,245
Mortgage-funded purchase cleared on target	6%	5 years	$580	$4,799	$34,799
Mortgage-funded purchase left for the full term	6%	30 years	$180	$34,751	$64,751

The 30-year mortgage example has the lowest monthly payment but about $26,507 more interest than the five-year personal or car loan. Clearing the mortgage-funded amount in five years removes that long-term cost in this example.

ubank’s UHomeLoan variation form, checked in October 2026, warns that financed goods can lose their usefulness before the loan ends. A home-backed borrowing plan also puts the property at risk if the borrower defaults.

For your client’s file, compare the actual shorter-term loan quote with the mortgage-funded amount cleared over the same five-year target. Include fees and keep a repayment schedule that pays off the purchase without stretching it across the remaining mortgage term.