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 July 2024
Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".
{"userFilters":[{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["Owner-occupier","Investor"],"fields":[{"label":"Owner-occupier","value":"Owner-occupier","comparator":"contains"},{"label":"Investor","value":"Investor","comparator":"contains"}]},"dataSelector":{"recordType":"VARIANT","fieldCode":"DETAILS.LOAN_PURPOSE"},"dataType":"TEXT","label":"Loan Purpose","order":0},{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["Fixed","Variable"],"fields":[{"label":"Fixed","value":"Fixed","comparator":"contains"},{"label":"Variable","value":"Variable","comparator":"contains"}]},"dataSelector":{"recordType":"PRODUCT","fieldCode":"DETAILS.PRODUCT_TYPE"},"dataType":"TEXT","label":"Loan type","order":1},{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["5","10","20","30","40"],"fields":[{"label":"less than 5%","value":"5","comparator":"lte"},{"label":"10%","value":"10","comparator":"eq"},{"label":"20%","value":"20","comparator":"eq"},{"label":"30%","value":"30","comparator":"eq"},{"label":"40% or more","value":"40","comparator":"gte"}]},"dataSelector":{"recordType":"VARIANT","fieldCode":"DETAILS.MIN_DEPOSIT"},"dataType":"PERCENTAGE","label":"Min. deposit","order":2},{"componentType":"SINGLE-SELECT CHECKBOX","options":{"fields":[{"label":"Offset account","fieldCode":"FEATURES.MORTGAGE_OFFSET","value":1},{"label":"Redraw facility","fieldCode":"FEATURES.FACILITY_REDRAW","value":1},{"label":"Extra repayments","fieldCode":"FEATURES.EXTRA_PAYMENTS","value":1},{"label":"Cashback","fieldCode":"GENERAL.CASHBACK","value":1},{"label":"Finder award winner","fieldCode":"GENERAL.FINDER_AWARDS_WINNER","value":1}]},"dataSelector":{"recordType":"VARIANT","fieldCode":null},"dataType":null,"label":"Features","order":3},{"componentType":"PROVIDER","options":null,"dataSelector":{"recordType":"PRODUCT","fieldCode":"GENERAL.PROVIDER_ID"},"dataType":"UUID","label":"Lender","order":4}],"niche":{"currencySymbol":"$","decimalPoint":".","decimalPlaces":"2","thousandsSeparator":","},"prefilled":false}
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.
Here are the key features and details you need to know about Australian Unity's mortgage products.
Feature
Details
Minimum deposit
Many 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 account
You can get an offset account on some loans, including variable rate package loans.
Most 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).
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.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
More home loan questions
To make sure you find the right Australian Unity loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help:
What do you need the loan for? If you're buying a home to live in you need an owner-occupier loan. Property investors need an investment loan. Australian Unity has both.
Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes entirely?
What features do you need? You have to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.
Pre-approval is not something every lender offers, but many do.
Most Australian borrowers bank with one of the Big Four banks (Commbank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender you've never heard of. But there's no reason to worry just because you've never heard of a lender before.
In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.
Australian Unity is an authorised deposit-taking institution (ADI). This means customers with money deposited in an Australian Unity savings account benefit from the deposit guarantee scheme. This federal government scheme guarantees a customer's savings up to $250,000.
Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.
A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.
Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio
Richard's expertise
Richard has written 529 Finder guides across topics including:
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,
Finder
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.
Can I change from Westpac to unity and how much are transfer costs? Thanks
Lara
Finder
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
Feedback
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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,
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!
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
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