Australian Unity home loans

Australian Unity

As a customer owned bank, Australian Unity is committed to providing its members with the best possible loan for them, offering low rates and flexible features. So if you want a mortgage lender who cares, look no further than this mutual.

Recently Australian Unity was recognised for all its great work in the 2017 Mozo Experts Choice Awards in the Best Low Cost Home Loan category.

Rates and fees verified as correct at 22 September, 2018. Other information correct at the time of writing.

What home loans do Australian Unity offer?

Fixed Rate Home Loans Fixed Rate Home Loans

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.79% p.a.

4.84% p.a.

$0.00

$600

3.84% p.a.

3.99% p.a.

$0.00

$600

5.64% p.a.

5.25% p.a.

$0.00

$600

4.64% p.a.

4.50% p.a.

$0.00

$600


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Variable Rate Home Loans Variable Rate Home Loans

If you’re looking for a simple, flexible home loan, look no further than the variable rate offer from Australian Unity. This loan is available to owner occupiers borrowing up to 80% of their property’s value, between $200,000 and $1,000,000. There’s 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. 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 ‡

4.79% p.a.

4.84% p.a.

$0.00

$600

3.99% p.a.

4.02% p.a.

$0.00

$600

3.64% p.a.

3.67% p.a.

$0.00

$600

5.54% p.a.

5.59% p.a.

$0.00

$600

4.79% p.a.

4.82% p.a.

$0.00

$600

5.51% p.a.

5.56% p.a.

$0.00

$600

4.76% p.a.

4.79% p.a.

$0.00

$600

5.04% p.a.

5.09% p.a.

$0.00

$600

4.39% p.a.

4.42% p.a.

$0.00

$600


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Fixed Package Home Loan 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, and you’ll only pay an upfront application fee. It includes great features like free extra repayments up to $10,000 p.a., a free redraw facility (minimum amount applies) and the option to take a repayment holiday. It also comes with a bunch of perks, including a discount on your health and home and contents insurances, an Australian Unity credit card with no annual fee and a transaction account with no monthly service fee and a Visa debit card to boot.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.74% p.a.

5.10% p.a.

$399.00 yearly

$600

3.79% p.a.

4.24% p.a.

$399.00 yearly

$0

5.59% p.a.

5.47% p.a.

$399.00 yearly

$0

4.59% p.a.

4.73% p.a.

$399.00 yearly

$0


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Variable Package Home Loan 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 upfront application 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 - free for owner occupiers, but investors will pay a monthly fee for the use of this feature. The same great bundling bonuses apply to the variable rate option as to the fixed - waived monthly fees on your Australian Unity everyday bank account, which also comes with a debit card, no annual fee on your credit card and discounts on your health and home and contents insurances.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.64% p.a.

5.07% p.a.

$399.00 yearly

$600

3.84% p.a.

4.25% p.a.

$399.00 yearly

$0

4.89% p.a.

5.32% p.a.

$399.00 yearly

$600

4.24% p.a.

4.64% p.a.

$399.00 yearly

$0


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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.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Australian Unity home loan features in a glance

No ongoing feesNo ongoing fees

You’ll pay an upfront application fee on all Australian Unity home loans - and that’s it! There are no ongoing service fees to budget for.

Extra repaymentsExtra 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 Package offer.

Flexible repayment scheduleFlexible repayment schedule

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

Bonus discountBonus 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.

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

  • Details about your employment and income, including recent pay slips
  • Details about your finances - debts, assets and expenses
  • Photo I.D.
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