Bank partners with MSA National

UBank stated that the DigiDocs service provides eligible customers with a way to “quickly and securely” review and sign loan documents on computer or mobile devices through MSA’s DocuSign platform.

Following the announcement, UBank’s head of customer home loans, Anna Vincent, said: “Getting a home loan is one of the most important decisions a person will make in their lives, and at UBank, we want to make sure the process is as easy as possible for our customers.

“With DigiDocs, now it’s as simple as logging on, reviewing your documents and signing electronically. It’s another way UBank is helping to deliver simpler, better, smarter banking for our customers.”

MSA National’s chief executive officer, Ayhan Baba, added: “Now more than ever, consumers are expecting fast and convenient service on demand.

“Our partnership with UBank shows the power that digital technology can play in improving and streamlining the home loan application process, taking out the complexity and anxiety that is often felt.

“We’re excited to help UBank customers sign their home loan documents in a truly mobile and efficient manner.”

UBank increases deposit rates

The digital lender has also announced that, as of 5 October, it will be offering increased one, three, nine and 12-month Personal Term Deposit rates of up to 20 basis points, and all terms for SMSF Term Deposits of up to 10 basis points.

UBank has said that the new rates will be offered to customers who sign up for a new term deposit from 5 October or for customers whose existing term deposits mature and roll over on or after the same date.

Further, UBank has stated that when a customer’s term deposit matures, and they roll over the full deposit amount (or more) for another term, they’ll receive a Loyalty Bonus of 0.10 of a percentage point per annum in addition to the current standard interest rate.

[Related: New digital documentation service for brokers launches]