Unloan Features

Everything you need. Nothing you don’t.

Variable rates for new loans

Loan to value ratio

Live in

5.89

%p.a.

Variable rate

5.80

%p.a.

Comparison rate^*

Invest

6.04

%p.a.

Variable rate

5.95

%p.a.

Comparison rate^*

Loan details

Loan amount

From $10,000 to $10,000,000
The total amount you can borrow across all Unloan loans is $10,000,000. You cannot borrow more than $2,000,000 of above 80% LVR loans.

Loan term

Choose a loan term of up to 30 years
No matter which term you select, you’ll have the option to set higher repayments or make additional one-off payments to pay off your loan faster.

Loan to value ratio (LVR)

Up to 90% LVR
For Buy a Home and Refinance you can borrow up to 90% of the property value (90% LVR). For loans with an LVR between 80.01% and 90% a higher interest rate applies.
In some cases depending on the property’s location or type, we may only be able to lend you up to 70% of the property’s value.
We don’t offer construction or off the plan loans and we don’t participate in government grants or assistance schemes. More information on purchasing with Unloan

No Unloan fees

We won’t charge you any:

application fees
banking fees
account keeping fees
exit fees
transaction fees.

Other third party fees may apply. Government charges may apply.
Learn about government fees

Your current lender may charge an exit fee when refinancing.

Features

Loyalty Discount

Additional 0.01% p.a. loyalty discount every year

Get a 0.01% p.a. loyalty discount on your variable rate current at the time (up to a maximum of 0.30% p.a. in year 30) on each anniversary of your settlement date.

Redraw

Unlimited free redraw

Transfer money into your redraw to reduce your interest and take it out whenever you need, without any fees. Any repayments you make above your minimum scheduled repayment are automatically added to your redraw balance. Please note that we don't currently offer offset accounts.

Top ups

Additional top ups from $10,000

Access extra funds using equity you've built up in your home. You can apply for a top up if your total loan (including the new amount) stays within 80% of your property's current value. The minimum top up amount is $10,000 and the maximum amount you can borrow across Unloan loans is $10,000,000.

Unloan app

The Unloan mobile app showing a loan dashboard

iOS and Android mobile app

Everything you need to manage your home loan. Keep track of upcoming payments, understand your equity position and get loan insights that help you pay down your loan faster.

Built by CommBank

We're 100% owned and funded by CommBank

We operate under CommBank's credit licence. So when you take out a loan with us, it's supported and funded by CommBank.

Repayments

Principal and interest repayments

We offer principal and interest repayments only

Since you’ll always be reducing your principal, you can pay off your loan sooner.

Automated repayments

Automate your loan repayments using Unloan AutoPay

Set up automatic direct debits for your loan repayments. You can choose from a weekly, fortnightly or monthly repayment schedule and have the option to pay either the minimum amount required or a higher amount.

Additional repayments

Make additional repayments with no fees

If you want to pay off your loan faster, you can set a higher monthly repayment amount or make additional one-off payments at any time.

No penalties

We won’t charge you any

additional repayment penalties
redraw penalties
late payment penalties
early termination penalties.

Apply in minutes

Join thousands of Australians taking control of their home loan.

Apply now

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.

*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.

^Rate shown is for up to 80% LVR and principal and interest repayments. All rates are for new loans only and may differ for existing loans. Rates shown are inclusive of a 0.01% p.a. loyalty discount off our variable reference rate. On each anniversary of your loan’s settlement date, you will receive an additional discount of 0.01% per annum on your current variable rate, up to a maximum discount of 0.30% per annum in year 30. The loyalty discount is applied to your variable rate at the relevant time, and this rate may increase or decrease over your loan term. For loans with a Loan to Value ratio (LVR) between 80.01% p.a. and 90%, a higher interest rate applies. In some cases, depending on the property’s location or type, we may only be able to lend you up to 70% of the property’s value. For more information view our rates and features.