UniBank Home Loans

Rates and fees last updated on

UnibankLogoWith a range of home loans that suit different lending needs, UniBank offers a range of solutions for their members.

As The University Credit Society Limited (Unicredit), it offered a range of banking products to the staff, students and families of the tertiary and post-secondary education sector since 1964. After a 2015 merger with Teachers Mutual Bank, Unicredit was rebranded as UniBank but still offers the same products, service and values to its members.

It offers a full range of banking products and services, including savings, investment and loan accounts, as well as insurance, travel, international currency and financial planning services.

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Offset account
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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
4.91% 4.91% $0 $0 p.a. 95% More info
4.22% 4.47% $600 $0 p.a. 60% More info
4.13% 5.18% $600 $0 p.a. 95% More info
4.30% 5.12% $600 $0 p.a. 95% More info
5.36% 5.41% $600 $0 p.a. 95% More info
4.58% 5.14% $600 $0 p.a. 95% More info
4.09% 4.34% $600 $0 p.a. 60% More info
4.71% 5.14% $600 $0 p.a. 95% More info
4.07% 4.32% $600 $0 p.a. 60% More info
4.04% 5.28% $600 $0 p.a. 95% More info
4.05% 4.30% $600 $0 p.a. 60% More info
4.34% 5.31% $600 $0 p.a. 95% More info
4.43% 5.24% $600 $0 p.a. 95% More info

Who are UniBank and what do they offer?

UniBank operates with the same philosophy as other credit societies, aiming to provide personalised service, fairer fees and great rates. Its flexible products are designed to meet the banking needs of Australians who are part of the post-secondary education community whether a student, teacher or family member.

In terms of home loans, UniBank offers a range of fixed, variable and split loan options. Flexible repayment options help you get out of debt sooner, while you’ll receive friendly service every step of the way. You can also book a free consultation with the bank’s mobile lenders for a detailed analysis of your loan requirements.

Types of home loans offered by UniBank

My First Home Loan

With a competitive rate of interest, no monthly or establishment fees this loan is designed specifically with first home owners in mind. You have the option to make extra repayments and you can split your loan between a variable and fixed rate of interest. It’s also possible to apply for repayment holidays, discounts on insurance and can use the First Home Owners Grant as part of your settlement.

Solutions Plus Home Loan

Available to investors or owner-occupiers with a discounted interest rate for the life of your loan as well as a 100% offset account. If you qualify for the Rewards Package you will receive other discounts and benefits on UniBank banking products for the annual package fee of $200.

Teachers Fixed Options Home Loan

The biggest advantage of this loan is that your loan repayments are fixed and you do not have to worry about changing interest rates. Though there’s no monthly or annual fee attached to this option, you do have to pay a penalty for early repayment of loans. At the end of the fixed rate period you can either choose to lock in another fixed rate term or alternatively transfer it to a variable loan option.

Teachers Flexi Choice Home Loan

A flexible home loan with multiple features and a competitive interest rate available for a range of lending needs, including land purchase or renovating as well as owner occupiers and investors. With no ongoing fees, a fee-free redraw facility, an offset account and the ability to make extra repayments without incurring penalties, the flexibility in the loan allows for all sorts of needs.

Teachers Interest Only Home Loan

Although also available to owner occupiers this loan is a better choice for investment or construction as the interest only factor works when you are investing and have other needs or when you are building a home and need a bit more cash flow. Although specifically an interest only there is no ongoing fees as well as a fee free redraw facility and offset account.

About how to compare home loans so you can make a decision.

How to apply for a UniBank home loan

The application procedure is quite simple and customer friendly. You can download the application form, complete it and then deposit it at your nearest branch. Alternatively, you could call UniBank to talk to a lending consultant. You can also email UniBank.

Documents needed to apply for a UniBank home loan

Personal information

  • Your name and contact details
  • Loan details and loan amount
  • Your residential address, plus a previous address if you’ve been at your current residential address for less than three years
  • Details of any dependents
  • Employment details. This includes the name and address of your current employer

Property information

You will also need to provide several pieces of documentation pertaining to the purchase of your home. Each home loan may require different documentation, so be sure to talk with your agent to see what your specific requirements are. However, here is a list of the most common property documentation required:

  • Property valuation. When you obtain a loan from UniBank, a proper assessment will need to be done on the property to determine its true value. This will ensure that the loan you are obtaining is equal to the value of the home being purchased.
  • Proof of title for your property. UniBank will need to obtain a copy of the title for the property being purchased. This will guarantee that the party selling you the property is the actual owner of the property and has the rights to sell it.
  • Property sales contract. Before closing on your loan, UniBank will need to have a copy of the sales contract for the property. This will provide all the details about the sale of the property.

Financial information

You’ll also have to provide financial information including:

  • Your salary
  • Your assets and liabilities
  • Other regular expenses

One of UniBank’s home loan options might be the perfect loan for you, but make sure to compare your options and seek expert advice to be certain of getting the best possible deal.

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This page was last modified on 24 January 2017 at 2:38pm.

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