Unloan Features
We've designed a home loan that's simple to understand and easier to live with.
Home Loan Interest Rates
Refinance Rates
Loan to Value Ratio (LVR)
Live in
Invest
Up to 80%
Variable rate: % p.a. (with an Annual Discount^)
Comparison rate: % p.a.*
Comparison rate: % p.a.*
Variable rate: % p.a. (with an Annual Discount^)
Comparison rate: % p.a.*
Comparison rate: % p.a.*
Buy a Home Rates
Up to 80%
Variable rate: 5.99% p.a. (with an Annual Discount^)
Comparison rate: 5.90% p.a.*
Comparison rate: 5.90% p.a.*
Variable rate: 6.29% p.a. (with an Annual Discount^)
Comparison rate: 6.20% p.a.*
Comparison rate: 6.20% p.a.*
80.01% - 90%~
Variable rate: 6.29% p.a. (with an Annual Discount^)
Comparison rate: 6.20% p.a.*
Comparison rate: 6.20% p.a.*
Variable rate: 6.59% p.a. (with an Annual Discount^)
Comparison rate: 6.50% p.a.*
Comparison rate: 6.50% p.a.*
Please note we do not offer fixed rate loans.
~For loans with a Loan To Value ratio (LVR) between 80.01% and 90%, a Lenders Mortgage Insurance (LMI) premium will apply. In some cases, depending on the property’s location or type, an LMI premium may also be required for LVR between 70.01% to 80%
~For loans with a Loan To Value ratio (LVR) between 80.01% and 90%, a Lenders Mortgage Insurance (LMI) premium will apply. In some cases, depending on the property’s location or type, an LMI premium may also be required for LVR between 70.01% to 80%
Annual Discount
0.01% pa
For every year you hold your home loan, you'll receive an additional discount of 0.01% pa off the current interest rate, up to a maximum discount of 0.30% pa.^
Loan Amount
Up to $10M
From $10,000 to $10,000,000.
Total borrowings per customer across all Unloan loans is limited to $10,000,000. For loans with Lenders Mortgage Insurance (LMI) the loan amount is from $10,000 to $3,000,000; and total borrowings per customer across all Unloan loans is limited to $3,000,000.
Total borrowings per customer across all Unloan loans is limited to $10,000,000. For loans with Lenders Mortgage Insurance (LMI) the loan amount is from $10,000 to $3,000,000; and total borrowings per customer across all Unloan loans is limited to $3,000,000.
Loan to Value Ratio (LVR)
Refinance
Up to 80% LVR
Your loan amount cannot exceed 80% of the value of the property you are refinancing.
Buy a Home
Up to 90% LVR
Your loan amount cannot exceed 90% of the value of the property you are financing. If your loan to value ratio (LVR) is between 80.01% and 90% a Lenders Mortgage Insurance (LMI) premium and higher interest will apply.
In some cases, depending on the property’s location or type, an LMI premium may also be required for LVR between 70.01% to 80%.
In some cases, depending on the property’s location or type, an LMI premium may also be required for LVR between 70.01% to 80%.
Loan Purpose
Refinance
Switch to Unloan from an existing home loan to experience a rewarding home loan experience. You can apply in as little as 10 minutes and get a rate discount increase every year, up to a maximum of 0.30% p.a. Check your eligibility.
Buy a Home
Calculate your borrowing power and get property insights to calculate if you could afford to buy. Get guided support and make buying a home simple. Learn more here. Please note:
- We do not offer construction loans (including off the plan) at this stage.
- We do not participate in the Home Guarantee Scheme, Victorian Homebuyer Fund or other government home-buyer assistance schemes.
- If you are eligible for the First Home Buyer Grant, these funds can't contribute to your 20% deposit. Please speak to your conveyancer on how best to approach this.
Additional Top Ups
Want to top up additional funds after you got your Unloan? The minimum amount you will be able to top up is $10,000. Total borrowings per customer across all Unloan loans is limited to $10,000,000. Learn more here.
If your existing loan account has an active Lender’s Mortgage Insurance (LMI) policy,you will not be eligible to Top Up.
If your existing loan account has an active Lender’s Mortgage Insurance (LMI) policy,you will not be eligible to Top Up.
Loan Configuration
Loan Term
Up to 30 years. Choose the number of years to suit you. Irrespective of the loan term you choose, you can always set a higher repayment or make additional one-off payments to pay off your loan sooner.
Repayment Frequency
Choose weekly, fortnightly or monthly repayments for your convenience.
Redraw
If you’ve made additional repayments on your home loan (above your minimum scheduled repayments) you will be able to access these additional amounts at any time. Learn more
Offset
We currently do not offer offset accounts.
Automated Repayments
Use Unloan AutoPay for set loan repayments.
Principal and Interest Repayments
Principal and interest repayments only. You don't want to keep your loan forever, and we don't want that either! With principal and interest repayments, you will always be paying down your principal.
For more information read our FAQs
No Unloan Fees
$0
Application Fees
$0
Discharge Fees
$0
Account Keeping Fees
$0
Transaction Fees
Other third party fees may apply. Government charges may apply. Learn more about government fees here.
In certain circumstances you may be required to pay a Lenders Mortgage Insurance (LMI) premium. The LMI premium applies to loans with a Loan-to-value ratio between 80.01% and 90%. In some cases an LMI premium may be required for loans with an LVR between 70.01% to 80% depending on the properties location or type.
Lenders Mortgage Insurance (LMI) is a one-off, non-refundable, non-transferrable premium that's added to your home loan. It protects us (not you) against potential losses if you can’t repay your loan. Learn more about why this is applied and how it works.
Your current lender may charge an exit fee when refinancing.
Lenders Mortgage Insurance (LMI) is a one-off, non-refundable, non-transferrable premium that's added to your home loan. It protects us (not you) against potential losses if you can’t repay your loan. Learn more about why this is applied and how it works.
Your current lender may charge an exit fee when refinancing.
No Penalties
$0
Additional Repayment Penalties
$0
Redraw Penalties
$0
Late Payment Penalties
$0
Early Termination Penalties
Built by CommBank
We’re a fully owned division of CommBank meaning our home loans are built and backed with the financial strength and modern banking technology of CommBank, Australia’s leading bank.
As a digital-only lender, we’re able to pass on those additional savings to you and provide quick and easy support with our dedicated lending team based here in Australia.
This means that Unloan can provide the best of both worlds - the security, experience and resources of the Commonwealth Bank, combined with a world-class customer experience.