Can I Refinance Multiple Properties to Unloan?
Refinancing to Unloan, and have multiple properties? Here’s everything you need to know.
Refinancing to Unloan, and have multiple properties? Here’s everything you need to know.
Can I refinance multiple properties to Unloan?
Yes, you can refinance multiple properties to Unloan! To determine whether Unloan is a good fit for your needs, we have an eligibility criteria which includes:
- Your identity
- Your credit history
- Your income
- Your property
- You can cover upfront costs
Learn more about our eligibility criteria here.
How much can I refinance to Unloan?
You can have several loans with Unloan, however the value of all loans can’t exceed $10,000,000. Learn more about our home loan and features here.
How do I refinance multiple properties to Unloan?
Every loan has a unique mortgage registration ID. This means when you’re refinancing to Unloan, each loan will need individual applications. Learn more about applying to Unloan here.
This article is intended to provide general information only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. Please consider seeking financial advice before making any decision based on this information.
Unloan is a division of Commonwealth Bank of Australia.
Applications are subject to credit approval; satisfactory security and you must have a minimum 20% equity in the property. Minimum loan amount $10,000, maximum loan amount $10,000,000.
Unloan offers a 0.01% per annum discount on the Unloan Live-In rate or Unloan Invest rate upon settlement. On each anniversary of your loan’s settlement date (or the day prior to the anniversary of your loan’s settlement date if your loan settled on 29th February and it is a leap year) the margin discount will increase by a further 0.01% per annum up to a maximum discount of 0.30% per annum. Unloan may withdraw this discount at any time. The discount is applied for each loan you have with Unloan.
There are no fees from Unloan. However, there are some mandatory Government costs depending on your state when switching your home loan. For convenience, Unloan adds this amount to the loan balance on settlement.
* Other third-party fees may apply. Government charges may apply. Your other lender may charge an exit fee when refinancing.
