Australian Unity

Australian Unity home loans

Australian Unity has home loans for owner-occupiers and investors, with rates starting from 2.04%.

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Australian Unity is a member-owned bank offering banking, health insurance and investment products. Australian Unity has home loans for investors and owner-occupiers, including fixed and variable rates. Check out the full table of Australian Unity products below or read more about the lender and its loans.

Compare Australian Unity home loans for September 2021

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years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

Australian Unity Health, Wealth and Happiness Package Fixed Home Loan P&IHome 3Y Fixed≥ 30% Deposit

Australian Unity Health, Wealth and Happiness Package Fixed Home Loan
2.29%
2.80%
  • App: $0
  • Ongoing: $399 p.a.
$578
Home buyers can lock in a low rate for 3 years. Requires a 30% deposit.

Australian Unity Health, Wealth and Happiness Package Home Loan P&IHome≥ 30% Deposit

Australian Unity Health, Wealth and Happiness Package Home Loan
2.39%
2.82%
  • App: $0
  • Ongoing: $399 p.a.
$586
A flexible, variable rate package loan with a 100% offset account. Requires a 30% deposit.

Australian Unity Kickstarter Home Loan P&IHome≥ 30% Deposit

Australian Unity Kickstarter Home Loan
2.39%
2.42%
  • App: $0
  • Ongoing: $0 p.a.
$586
A low-fee variable rate home loan with principal-and-interest repayments. Requires a 30% deposit.

Australian Unity Kickstarter Home Loan P&IHome≥ 20% Deposit

Australian Unity Kickstarter Home Loan
2.49%
2.52%
  • App: $0
  • Ongoing: $0 p.a.
$594
This variable rate home loan has minimal fees and requires a 20% deposit.
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Australian Unity key facts

  • Australian Unity is a member-owned bank, meaning it is run for its members and not for profit.
  • You need at least a 20% deposit to get most Australian Unity home loans, but there are some options for borrowers with smaller deposits. Some of the bank's most competitive rates require deposits above 20%.
  • In addition to home loans, Australian Unity also offers bank accounts, health insurance, credit cards and a range of other services.

Review by our senior home loans writer Richard Whitten

Australian Unity home loan features

Here are the key features and details you need to know about Australian Unity's mortgage products.

FeatureDetails
Minimum depositMany Australian Unity loans have 80% maximum LVRs. This means you can borrow up to 80% with an Australian Unity mortgage. But there are some loans for borrowers with low deposits (that is, deposits below 20%).
Offset accountYou can get an offset account on some loans, including variable rate package loans.
Repayment optionsBoth Australian Unity's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Split rateMost Australian Unity mortgages allow you to split your loan into fixed and variable portions.

How do I apply for an Australian Unity mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each Australian Unity product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Australian Unity you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like Australian Unity

If you want to compare loans from similar lenders to Australian Unity then you can start with these large online brands, small banks and credit unions:

  • Auswide. This small bank is based in Bundaberg, Queensland.
  • Great Southern Bank. A Brisbane-based mutual bank (formerly CUA).
  • Community First. A NSW-based credit union.
  • IMB. A Wollongong-based mutual bank.
  • Teachers Mutual Bank. One of Australia's largest mutual banks.
  • ME Bank. Member's Equity was established back in 1994 and went fully digital in 2012.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.

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2 Responses

    Default Gravatar
    LaraSeptember 4, 2014

    Hi there,
    I currently have 3 home loans with WBC.

    Can I change from Westpac to unity and how much are transfer costs? Thanks

    Lara

      Avatarfinder Customer Care
      ShirleySeptember 5, 2014Staff

      Hi Lara,

      Thanks for your question.

      The Australian Unity home loans are available for refinancing. Transfer costs will actually depend on the specific loan that you choose. If you’d like, you can use the switching costs calculator to help give an indication.

      For information about eligibility, I’d recommend that you get in touch with Australia Unity directly.

      Cheers,
      Shirley

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