The first home loan with a discount that gets better each year

It’s a competitive home loan market out there and with property prices at an all time high, it only makes sense to find a home loan that offers more than just your standard features. 

That’s where Unloan, the digital home loan built by CommBank, steps in. Not only does it have an impressive low rate of 5.99% p.a. (5.90% p.a. comparison) and no upfront or ongoing fees (owner-occupied 80% LVR), it also has Australia’s first automatic loyalty discount that gets better with time.   

Unlike traditional loans where loyalty means you have to haggle with your lender for a discount, for every year you hold the loan, Unloan reduces your interest rate by 0.01%, up to a cap of 0.30%.  

The beauty of Unloan lies not just in its progressive discount, its application process is entirely digital, allowing you to apply in minutes from the comfort of your own home.

So, whether you’re looking to nest or invest, discover how Unloan can make your home loan journey uncomplicated. See below for more details.

OWNER OCCUPIERS

Mozo may receive payment if you click the products below. We don’t compare the entire market, but you can search our database of 472 home loans.
Last updated 16 July 2024 Important disclosures and comparison rate warning*
Unloan Variable
  • 5.99% p.a. variable rate (5.90% p.a. comparison rate*)
  • Zero upfront or ongoing fees
  • Low cost home loan winner - Mozo Experts Choice Awards 2023 & 2024^

Unloan’s Variable Home Loan has taken out a low cost home loan award for the second year running in the Mozo Experts Choice Awards^. Built by CommBank, Unloan offers owner-occupiers a super low 5.99% p.a. variable rate (5.90% p.a. comparison rate*) along with a loyalty discount that shaves 1 basis point off your interest every year for up to 30 years. Loan features include free extra repayments and redraw, and there are no pesky fees to pay. Available for loans of up to $10M. Minimum 20% deposit. No offset accounts.

INVESTORS

Mozo may receive payment if you click the products below. We don’t compare the entire market, but you can search our database of 472 home loans.
Last updated 16 July 2024 Important disclosures and comparison rate warning*
Unloan Variable
  • 6.04% p.a. variable rate (5.95% p.a. comparison rate*)
  • Zero upfront or ongoing fees

For investors, Unloan's low variable rate comes in at a competitive 6.04% p.a. (5.95% p.a. comparison rate*), with the same increasing loyalty discount rate up to thirty years. There are no application or other upfront fees, and no ongoing fees and investors get the same loan features as owner occupiers, including free extra repayments and redraws. Available for investment loans of up to $10M. Minimum 20% deposit.

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.