The RBA increased the cash rate by 0.25% p.a. on 6 June 2023. We’re reviewing our rates and will have an update soon. Learn more

Unloan Features

We've designed a home loan that's simple to understand, and easier to live with.

Home Loan Interest Rates

Live in

Variable rate:  % p.a. (with an Annual Discount^)
Comparison rate:  % p.a.*

Invest

Variable rate:  % p.a. (with an Annual Discount^)
Comparison rate:  % p.a.*

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

80% LVR

Your loan amount cannot exceed 80% of the value of the property you are financing.

Up to $10M

From $10,000 to $10,000,000.
Total borrowings per customer across all Unloan loans is limited to $10,000,000.

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
Coming Soon

Buying a home? We’re currently in pilot. You can join our waitlist here. You’ll be the first to know when we launch, and you could secure a spot in the next phase of our pilot.

Buying a home? You can join the waitlist here. You’ll be the first to know when we launch, and could get early access to apply.
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
Coming Soon

Want to top up additional funds after you got your Unloan? We have good news for those who might need additional funds at any time before the end of a fixed rate period. Top ups to existing home loans are coming soon.

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. Unloan does not offer offset accounts. Learn more

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.

No Penalties

$0

Additional Repayment Penalties

$0

Redraw Penalties

$0

Late Payment Penalties

$0

Early Termination Penalties

Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Full terms and conditions will be set out in our loan offer, if an offer is made.

^Rates shown are inclusive of a 0.01% p.a. discount off our reference rate. On each anniversary of your loan’s settlement date, you will receive an additional discount of 0.01% per annum, up to a maximum discount of 0.30% per annum. 

*Comparison rate is calculated on a $150,000 secured loan over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.