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Unloan Features

Everything you need. Nothing you don’t.

Variable rates for new loans

Up to 80% LVR

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*

For new loans. Includes 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 discount of 0.30% p.a.

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.†

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 80% LVR
For Buy a Home and Refinance your loan amount cannot be more than 80% of the property value. We don’t currently offer loans above 80% LVR.
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

$0

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. 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.

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.
Download on the App StoreGet it on Google Play

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.

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saves you more

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