Unloan Features

Everything you need. Nothing you don’t.

Variable rates for new loans

Up to 80% LVR

Live in

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Variable rate

Comparison rate*

Invest

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Variable rate

Comparison rate*

Up to 90% LVR^†

Live in

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p.a.

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Variable rate

Comparison rate*

Invest

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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

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.

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 purpose

Refinance 
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.

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.

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. 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.

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.

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.

Get a home loan that saves you more

Start an application in minutes and get approved fast.

Get started

Check your eligibility

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%.