Unloan Features
Everything you need. Nothing you don’t.
Variable rates for new loans
Up to 80% LVR
Live in
Variable rate
Comparison rate*
Invest
Variable rate
Comparison rate*
Up to 90% LVR†
Live in
Variable rate
Comparison rate*
Invest
Variable rate
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.
†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
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
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
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
No Unloan fees
We won’t charge you any:
- application fees
- banking fees
- account keeping fees
- exit fees
- transaction fees.
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.
Features
Loyalty Discount
Additional 0.01% p.a. discount every year
Redraw
Unlimited free redraw
Top ups
Additional top ups from $10,000
Unloan app
iOS and Android mobile app
Built by CommBank
We’re 100% owned and funded by CommBank
Repayments
Principal and interest repayments
We offer principal and interest repayments only
Automated repayments
Automate your loan repayments using Unloan AutoPay
Additional repayments
Make additional repayments with no fees
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.
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.
*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.
^Rates shown are inclusive of a 0.01% p.a. loyalty 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. For purchase loans with a Loan to Value Ratio (LVR) between 80.01% - 90% LVR, a lenders mortgage insurance (LMI) premium and higher interest rate apply. In some cases depending on the property’s location or type, LMI may also be required for LVR between 70.01% and 80%.