Unloan Features
Everything you need. Nothing you don’t.
Variable rates
Up to 80% LVR
Live in
%
p.a.
%
p.a.
Variable rate
Comparison rate*
Invest
%
p.a.
%
p.a.
Variable rate
Comparison rate*
Up to 90% LVR†
Live in
%
p.a.
%
p.a.
Variable rate
Comparison rate*
Invest
%
p.a.
%
p.a.
Variable rate
Comparison rate*
Rates shown include a 0.01% p.a. Loyalty Discount^ in year 1. Every year you’ll get an additional 0.01% p.a. discount on your rate, up to a maximum of 0.30% p.a.
†We only offer up to 90% LVR for purchase 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%.
Loan details
Loan amount
From $10,000 to $10,000,000
Total borrowings per customer across all Unloan loans is limited to $10,000,000, unless your loans require LMI, in which case the total amount you can borrow is limited to $3,000,000 across all Unloan loans.
Total borrowings per customer across all Unloan loans is limited to $10,000,000, unless your loans require LMI, in which case the total amount you can borrow is limited to $3,000,000 across all Unloan 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.
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 purpose
Refinance
Your loan amount cannot be more than 80% of the property value.
Your loan amount cannot be more than 80% of the property value.
Buy a home
Your loan amount cannot be more than 90% of the property 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
Your loan amount cannot be more than 90% of the property 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
$0
We won’t charge you any:
- application fees
- banking fees
- account keeping fees
- exit fees
- transaction fees.
In certain circumstances you may be required to pay an LMI premium. 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 about how LMI works and why it is applied
Other third party fees may apply. Government charges may apply.
Learn about government fees
Your current lender may charge an exit fee when refinancing. Cannot be more than 80% of the property value.
Learn about how LMI works and why it is applied
Other third party fees may apply. Government charges may apply.
Learn about government fees
Your current lender may charge an exit fee when refinancing. Cannot be more than 80% of the property value.
Features
Loyalty Discount
Additional 0.01% p.a. discount every year
Every year on the anniversary of your settlement date you’ll automatically get an additional 0.01% p.a. discount on your rate, up to a maximum of 30 years.
Every year on the anniversary of your settlement date you’ll automatically get an additional 0.01% p.a. discount on your rate, up to a maximum of 30 years.
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. Learn how redraw compares to offset
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. Learn how redraw compares to offset
Top ups
Additional top ups from $10,000
Access extra funds using equity you’ve built up in your home. The minimum top up amount is $10,000 and the maximum amount you can borrow across Unloan loans without LMI is $10,000,000. Loan accounts with an active LMI policy are not eligible for top ups.
Access extra funds using equity you’ve built up in your home. The minimum top up amount is $10,000 and the maximum amount you can borrow across Unloan loans without LMI is $10,000,000. Loan accounts with an active LMI policy are not eligible for top ups.
Unloan app
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.
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.
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.
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.
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.
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.
Get a home loan that saves you more
Start an application in minutes and get approved fast.