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Australian Unity home loans

Australian Unity has home loans for owner-occupiers and investors, with rates starting from 6.13%.

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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 June 2024

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest30% min. depositOwner-occupier
Interest Rate
6.13%
Comparison Rate
6.12%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$913
Principal & Interest30% min. depositOwner-occupierOffset account
Interest Rate
6.13%
Comparison Rate
6.47%
Fees
Application: $0
Ongoing: $399 p.a.
Monthly Payment
$913
Principal & Interest20% min. depositOwner-occupierOffset account
Interest Rate
6.19%
Comparison Rate
6.53%
Fees
Application: $0
Ongoing: $399 p.a.
Monthly Payment
$919
Principal & Interest30% min. depositInvestmentOffset account
Interest Rate
6.34%
Comparison Rate
6.68%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$934
Principal & Interest 3Y Fixed30% min. depositOwner-occupier
Interest Rate
6.48%
Comparison Rate
6.57%
Fees
Application: $0
Ongoing: $399 p.a.
Monthly Payment
$947
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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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4 Responses

    Default Gravatar
    javierJanuary 17, 2024

    i got investment property cost in year 2014 $180K , loan is $169K interst 6.33% long maturity is year 2044. today value is around $400K. when i got it was interest only but the last 3 years i had interest and principal , what do i need to tranfert to unity and how much interest for investment are at the moment, or what is the best on the market i can get , before i pay 2.45% interest now jump to 6.33% , but rent doesn’t go up like this,

      AvatarFinder
      SarahFebruary 15, 2024Finder

      Hi Javier,

      We’re not licenced to give personal financial advice, but we can see that you have an investment loan and you’re looking for a new solution. You may be able to refinance to a new interest-only loan, which would reduce your repayments each month to just the interest. You are able to make extra payments so you can still make progress on paying down your principal.

      You can contact Unity Home Loans to enquire about their loans on 1800 288 300, or you can review some other options for investment loans here.

      Hope this helps!

    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
      ShirleySeptember 5, 2014Finder

      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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