Is Up Home right for me?

Up loans are designed to integrate perfectly into the Up experience you already love, so you can see all your money in one place and use Up’s features to pay off your loan.

Up loans might suit you if:

  • You want to keep all your money together and see where you’re at

  • You want to keep your Up Savers and tools, and having just a couple of offsets at another bank isn’t going to cut it

  • You’re refinancing a property that you live in. We’ll be rolling out Up Home to new homeowners soon

  • Your home is in a capital city or major regional centre

  • You have at least a 10% equity in the property

  • You want to borrow more than $50,000

  • You’re currently employed. You can be employed by someone else, or self‑employed.

  • You’re an Australian citizen or permanent resident who lives in Australia, and you can show this with at least two forms of government ID, and

  • You’re applying by yourself or with one other Upsider.

Additionally, if you want to get an Up loan with someone else, you need to have a 2Up account with that person.

Sounds good? Why not make a cuppa and kick off an application. You’re absolutely not tied in to an Up loan if you do, we’ll just see where you’re at and if we can help you.

(Not totally ready? Open a free Home Saver and we’ll help you build your own path to glory.)


What’s your definition of a capital city or major regional centre?

Up loans are designed for urban centres, rather than rural properties. Kick off an application and we’ll be able to tell you in a few minutes if the postcode you’re looking at is suited to Up Home. If you’re outside our zones, Bendigo Bank has a range of lending options available that might suit you better.

10% seems kinda low, aren’t you supposed to have 20%?

20% is the traditional standard, and if your deposit is lower than that, you’ll need to take out Lender’s Mortgage Insurance. Some people prefer to save till they have 20%; others feel that the cost of LMI is worth it to buy now. We can’t tell you what the right option is for you: neither can the nice lady with the tarot cards or your Uncle Steve Who Knows About House Prices Cause He Bought Three Houses Cheap in 1986. This one is your call.

Do you really really mean self employment is OK?

Yes, we do. You’ll need to be able to demonstrate that your income is high enough over at least a year to meet the demands of regular, ongoing loan payments. We’ll chat further with you when you kick off an application.

Do I need to apply with someone else?

Nope. It’s a common myth that you must be coupled up to get a home loan. All you need to do is show us you can cover the repayments. Go you little red fire engine.

Totally not ready?

Open a Home Saver and we’ll help you build your own path to glory.

Fair rates. No sneaky fees

Our home loans are haggle-free, and we’ve ditched a lot of bank fee bollocks to make your loan cheaper. 

How our fees and rates work

Stick with your Savers

Keep all your Up Savers, and see your money in one place. Savers automatically switch from earning interest to offsetting your loan.

What’s the magic with Up offsets?

Own it on turbo

Shorten the life of your loan with Round Ups, Boosted Round Ups, Pay Splitting, and all the Up features you love.

Show me how to speed it up!

First time friendly

Start off with as little as a 10% deposit in metro and major regional areas.

Is Up Home right for me?

Mighty fine details

Home loan words can be… a lot. Check out our plain English guide if anything on this page could use a little explanation.