The UBank UHomeLoan is a perennial award winner, and with such great value on offer it's not hard to see why. Being an online bank, UBank is able to offer super sharp rates and get rid of hidden costs like application and ongoing fees. The new low rate is available for loans of $200,000 or more with a minimum deposit of 20%, and the online application process is fast and easy. You'll also have the security of knowing that UBank is backed by NAB.