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Unloan home loans

Unloan is an online lender backed by the Commonwealth Bank. It offers fast digital mortgages for refinancers, with no fees.

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Unloan is a new online Australian lender and promises fast digital mortgage applications. It also charges no fees and discounts your rate by 0.01% each year. And it's owned by Australia's largest bank. Currently, Unloan is only lending to refinancers and not new borrowers.

Compare Unloan home loans for December 2023

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Principal & Interest20% min. depositOwner-occupierRefinance
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Principal & Interest20% min. depositInvestmentRefinance
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Application: $0
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Unloan key facts

  • Unloan is a 100% digital lender. You can apply online and handle most of the paperwork digitally.
  • Unloan currently only lends to refinancers looking to switch an existing loan from another lender. Unloan lends across Australia.
  • You need at least a 20% deposit or equity (80% LVR) to refinance to an Unloan home loan.
  • Unloan launched in 2022. The lender is backed by the Commonwealth Bank.

Review by our home loans editor Richard Whitten

Unloan home loan features

Here are the key features and details you need to know about Unloan's mortgage product.

Minimum depositUnloan loans have 80% maximum LVRs. This means you can borrow up to 80% with an Unloan mortgage.
No offset accountUnloan loans do not have offset accounts.
RatesUnloan offers variable rate loans for investors and owner-occupier refinancers. It does not offer fixed rate loans or loans with interest-only repayments.
Rate reductionsUnloan will discount your interest rate periodically as you repay the loan, helping you get out of debt faster. Every year you have the loan, Unloan will drop your rate by 0.01%.

How do I apply for an Unloan 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.


When applying for an Unloan home loan, a borrower should generally meet the following criteria:

  • 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 Unloan you may need 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. As a refinancer you will need your property's address. It should be a home in a metro area of NSW or Victoria.
  • 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 Unloan

If you want to compare loans from similar lenders to Unloan then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

  • Ubank. An online bank backed by NAB.
  • ME Bank. Member's Equity was established back in 1994 and went fully digital in 2012. It's also owned by BOQ.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • ING. This online bank is part of the global Dutch-based financial group of the same name.
  • Homestar. A 100% online lender, Homestar has been providing mortgages to Australian borrowers since 2004.
  • Loans.com.au. A Brisbane-based online lender, Loans.com.au is backed by Firstmac, Australia's largest non-bank lender.

More home loan questions

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