Commbank’s Unloan boasts one of lowest interest rates around
Digital lender Unloan offers market leading interest rates as other lenders pass on rate rises in full
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Home loan interest rates have been rising as the Reserve Bank of Australia (RBA) increases the national cash rate to fight inflation.
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Since May, rates have increased by 2.25% thanks to 5 consecutive rate hikes. That means that if you had a variable home loan rate of 1.70% in April (the lowest available on Finder that month) your rate would now be 3.95%.
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Considering that the average home loan in Australia is $609,785, that's an increase of $987 in your monthly repayments.
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As lenders look set to continue increasing their home loan interest rates in line with the RBA, it's more important than ever that you're on the best rate possible.
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While a lot of rates are now well above the 4% mark, there are still some lenders out there that are supporting borrowers with more competitive rates.
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Unloan, an online lender backed by Commonwealth Bank, still has owner occupier interest rates from 3.14%.
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Boasting "one, simple, low cost interest rate", Unloan was launched by Commonwealth to provide a rewarding digital lender backed by a trusted brand.
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Even as other lenders match their interest rate hikes to that of the RBA, Unloan is taking a more considered approach. Off the back of the September cash rate decision, Unloan is increasing its rate by 0.40% - 10 basis points below other lenders. This increase will see the Unloan rate remain below the rates that other lenders were offering before the RBA change.
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Not only is Unloan offering these incredibly low rates, it provides further support for customers through discounted rates. For every year a borrower is with Unloan, their interest rate reduces by 0.01%p.a. for up to 30 years.
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Compare Unloan home loans for May 2026
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