Unloan home loans

Compare Unloan home loans for November 2026

Congratulations, Unloan!

Unloan was a big winner in the 2026 Finder Awards.

• Winner, Best Owner Occupier P&I Variable Home Loan: Unloan Variable Home Loan - (Owner Occupier)
• Winner, Best Refinance Variable Home Loan: Unloan Variable Home Loan - (Owner Occupier)
• Winner, Best Value Home Loan: Unloan Variable Home Loan - (Owner Occupier)
• Highly Commended, Best Investor P&I Variable Home Loan: Unloan Variable Home Loan - (Investor)

Full list of 2026 home loans winners

Unloan home loans features

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

Feature	Details
Minimum deposit	Unloan lends up to 80% LVR when you refinance and up to 90% LVR when you buy a home. That means you need at least a 10% deposit to purchase, and lenders mortgage insurance (LMI) applies if you borrow more than 80%.
No offset account	Unloan loans do not have offset accounts.
Rates	Unloan offers variable rate loans for investors and owner-occupiers. It does not offer fixed rate loans or loans with interest-only repayments.
Rate reductions	Unloan 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 a mortgage from Unloan?

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

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

• 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 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).

Looking for more mortgage options?

• Big Four banks. Check out interest rates from Australia's Big Four banks.
• Best home loans. Finder's top loan picks every month.
• Cheapest rates. Compare the lowest home loan rates on the market.
• Investors. Compare more loans for property investors.
• Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.

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.
• Tiimely Home. 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

• How do I compare Unloan home loans?

  To make sure you find the right Unloan loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help:

  • Are you comfortable applying online or by phone? Because Unloan is an online lender you need to be comfortable completing the home loan process via the web.
  • 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 rate. Unloan 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 altogether?
  • What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.

• What is home loan pre-approval?

  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.

• Are there any risks going with a smaller lender?

  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 & Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.

• Should I go with a fixed or variable rate?

  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.

• Do I need a mortgage broker?

  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.

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full breakdown