6.1 / 10

based on 7 Australian Unity reviews as rated by Mozo community

Australian Unity home loans

Since launching in 1840, Australian Unity has had a mission of improving the wellbeing its members, including their financial health. As a customer owned bank, Australian Unity is committed to providing its members with the best possible home loans for their needs, offering low rates and flexible features. So if you want a mortgage lender who cares, look no further than this mutual. 

What home loans do Australian Unity offer?

Rates and fees verified as correct at 15 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Looking for the certainty of fixed repayments? Then you may want to consider one of Australian Unity's fixed rate loans for owner occupiers or investors, which lets you borrow up to 90% of the property value over 1, 3 or 5 year terms.  You'll have access to some flexible features, like free extra repayments up to $10,000 p.a., the ability to take repayment holidays, and the option to split your loan into fixed and variable rates. Another perk is you can get 10% off your Australian Unity Health Insurance, although you will have to budget for an application fee. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.90% p.a.

3.50% p.a.

$0.00

$600

2.65% p.a.

3.21% p.a.

$0.00

$600

2.75% p.a.

3.35% p.a.

$0.00

$600

2.39% p.a.

2.85% p.a.

$0.00

$600

2.14% p.a.

2.56% p.a.

$0.00

$600

2.24% p.a.

2.70% p.a.

$0.00

$600

2.80% p.a.

3.47% p.a.

$0.00

$600

2.60% p.a.

3.16% p.a.

$0.00

$600

2.70% p.a.

3.37% p.a.

$0.00

$600

2.70% p.a.

3.26% p.a.

$0.00

$600

2.50% p.a.

2.95% p.a.

$0.00

$600

2.60% p.a.

3.16% p.a.

$0.00

$600

Variable Rate Home Loans

If you’re looking for a simple, flexible home loan, look no further than the variable rate offers from Australian Unity.  Depending on the specific loan, you could borrow up to 90% of the property value and access a maximum loan amount of $2.5 million. There is an application fee to consider, but the tradeoff is a host of flexible features, including unlimited free extra repayments, fee-free redraws (minimum amount applies) and the chance to take a repayment holiday. Some of the options will even have an offset account - free for owner occupiers but investors may have to pay a monthly fee. You can also choose to tailor your loan by making your repayments each week, fortnight or month. And as an added bonus, take out a variable rate home loan with Australian Unity, and you’ll get 10% off your health insurance.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.64% p.a.

3.69% p.a.

$0.00

$600

3.34% p.a.

3.39% p.a.

$0.00

$600

3.49% p.a.

3.54% p.a.

$0.00

$600

2.94% p.a.

2.99% p.a.

$0.00

$600

2.64% p.a.

2.69% p.a.

$0.00

$600

2.79% p.a.

2.84% p.a.

$0.00

$600

2.59% p.a.

2.64% p.a.

$0.00

$600

2.44% p.a.

2.49% p.a.

$0.00

$600

4.51% p.a.

4.54% p.a.

$0.00

$600

3.76% p.a.

3.79% p.a.

$0.00

$600

4.56% p.a.

4.59% p.a.

$0.00

$600

3.81% p.a.

3.84% p.a.

$0.00

$600

3.64% p.a.

3.69% p.a.

$0.00

$600

3.29% p.a.

3.34% p.a.

$0.00

$600

3.54% p.a.

3.59% p.a.

$0.00

$600

3.39% p.a.

3.44% p.a.

$0.00

$600

3.04% p.a.

3.09% p.a.

$0.00

$600

3.29% p.a.

3.34% p.a.

$0.00

$600

Fixed Package Home Loan

Get great value by bundling your Australian Unity fixed rate home loan with all your other banking products. The loan allows you to borrow up to $2,500,000, and 90% of the property’s value. Plus you'll have access to great features like free extra repayments up to $10,000 p.a. and the option to take a repayment holiday. In return for paying a yearly service fee, you'll also get a bunch of other perks, like waived annual fees on your Australian Unity credit card and a 10% discount on your first year's premium for home and contents insurance (online only).  

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.75% p.a.

3.72% p.a.

$399.00 yearly

$0

2.50% p.a.

3.44% p.a.

$399.00 yearly

$0

2.60% p.a.

3.58% p.a.

$399.00 yearly

$0

2.24% p.a.

3.09% p.a.

$399.00 yearly

$0

1.99% p.a.

2.81% p.a.

$399.00 yearly

$0

2.09% p.a.

2.95% p.a.

$399.00 yearly

$0

2.65% p.a.

3.70% p.a.

$399.00 yearly

$0

2.45% p.a.

3.36% p.a.

$399.00 yearly

$0

2.55% p.a.

3.60% p.a.

$399.00 yearly

$0

2.55% p.a.

3.49% p.a.

$399.00 yearly

$0

2.35% p.a.

3.12% p.a.

$399.00 yearly

$0

2.45% p.a.

3.39% p.a.

$399.00 yearly

$0

Variable Package Home Loan

Like the fixed rate alternative, the variable rate Package Home Loans on offer from Australian Unity offer great value, and are available for up to 90% of the property’s value, up to $2,500,000. The annual fee gets you some great flexible features, including unlimited free extra repayments, free redraws (minimum amount applies), and the opportunity to take a repayment holiday. The use of a 100% offset account is also on the table. The same great bundling bonuses apply to the variable rate option as to the fixed - no annual fee on your credit card as well as discounts on your health and home and contents insurances.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.49% p.a.

3.91% p.a.

$399.00 yearly

$0

3.19% p.a.

3.62% p.a.

$399.00 yearly

$0

3.34% p.a.

3.76% p.a.

$399.00 yearly

$0

2.79% p.a.

3.23% p.a.

$399.00 yearly

$0

2.49% p.a.

2.94% p.a.

$399.00 yearly

$0

2.64% p.a.

3.08% p.a.

$399.00 yearly

$0

3.49% p.a.

3.91% p.a.

$399.00 yearly

$0

3.09% p.a.

3.52% p.a.

$399.00 yearly

$0

3.39% p.a.

3.81% p.a.

$399.00 yearly

$0

3.24% p.a.

3.66% p.a.

$399.00 yearly

$0

2.79% p.a.

3.23% p.a.

$399.00 yearly

$0

3.14% p.a.

3.57% p.a.

$399.00 yearly

$0

Australian Unity home loan features in a glance

Repayment Icon

Extra repayments

Pay your mortgage off faster and save with fee-free additional repayments. Just remember that while these extra repayments are unlimited with variable rate offers, they’re capped at $10,000 p.a. on the fixed rate offers.

Schedule icon

Flexible repayment schedule

Choose to make your repayments on a weekly, fortnightly or monthly basis to suit your budget.

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Bonus discount

Enjoy a discount on your Australian Unity health insurance when you take out any home loan offer and pay for the insurance cover by direct debit. Plus if you take out a home loan package, you'll also have access to discounts on your home and contents insurance and waived fees on your credit card. 

Image of coins

Offset account 

Many of Australian Unity's variable rate offers come with an offset account to help you pay less interest over the life of the loan, although investors may have to pay a small monthly fee to access this feature.

Deposit icon

Low deposit

Saved up less than a 20% deposit? The good news is most Australian Unity home loans will allow you to borrow up to 90% of the property value, although be mindful that if your LVR is above 80% (that is, you're borrowing more than 80%), you may have to pay an additional cost called Lenders Mortgage Insurance

What do you need to apply for a Australian Unity home loan?

To apply for a home loan with Australian Unity, you’ll first have to make an enquiry online or over the phone to set up a meeting with a home loan specialist. To start that process, you’ll just need your personal contact details and to know what kind of loan and how much you’re after.

Once you’ve submitted an enquiry, Australian Unity will contact you to get the ball rolling, at which point, it’s a good idea to have some details handy, including:

  • Documents to prove your identity, like a photo ID 
  • Details about your employment and income, including recent pay slips
  • Details about your finances, including your assets, debts and expenses. 

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