Operating since 1970, Unity Bank, formerly known as Maritime, Mining & Power Credit Union is a member owned cooperative offering a bunch of great financial products to Aussie families. That includes a range of competitive home loan options, so check them out below.
Rates and fees verified as correct at 30 March, 2020. Other information correct at the time of writing.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.68% p.a. | 5.00% p.a. | $0.00 | $500 | ||
| 3.48% p.a. | 4.59% p.a. | $0.00 | $500 | ||
| 3.43% p.a. | 4.22% p.a. | $0.00 | $500 | ||
| 3.18% p.a. | 4.16% p.a. | $0.00 | $500 |
For a flexible, full feature home loan, check out the variable rate offer from Unity Bank. You can borrow up to 95% of the property’s value, starting from $30,000, but keep in mind that you’ll need to budget for legal, valuation and settlement fees. In terms of features, you’ll have the chance to make unlimited free extra repayments, access to a free redraw facility (minimum applies), the opportunity to take a repayment holiday and on some options, the use of an offset account.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 5.60% p.a. | 5.62% p.a. | $0.00 | $200 | ||
| 5.10% p.a. | 5.12% p.a. | $0.00 | $200 | ||
| 4.61% p.a. | 4.63% p.a. | $0.00 | $200 | ||
| 4.61% p.a. | 4.63% p.a. | $0.00 | $200 | ||
| 4.54% p.a.variable for 24 months and then 5.60% p.a. | 5.42% p.a. | $0.00 | $200 | ||
| 4.04% p.a.variable for 24 months and then 5.10% p.a. | 4.92% p.a. | $0.00 | $200 | ||
| 3.35% p.a.variable for 24 months and then 4.61% p.a. | 4.40% p.a. | $0.00 | $200 | ||
| 5.44% p.a. | 5.46% p.a. | $0.00 | $200 | ||
| 4.94% p.a. | 4.96% p.a. | $0.00 | $200 | ||
| 4.45% p.a. | 4.47% p.a. | $0.00 | $200 | ||
| 4.39% p.a. | 4.41% p.a. | $0.00 | $200 | ||
| 3.89% p.a. | 3.91% p.a. | $0.00 | $200 | ||
| 3.55% p.a. | 3.57% p.a. | $0.00 | $200 | ||
| 3.25% p.a. | 3.27% p.a. | $0.00 | $200 |
If you want all the benefits of a variable rate home loan combined with great bundling perks, check out the variable rate package home loan from Unity Bank. You can borrow up to 95% of the property’s value, plus have the option to make unlimited free extra repayments. You’ll also have the chance to take a repayment holiday, use the free redraw facility (minimum applies) and make use of an offset account. On top of that, snag a credit card with no annual fee and discounts on car and personal loans when you combine them with your home loan. Just don’t forget to consider the legal, valuation, settlement and yearly service fees.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 5.25% p.a. | 5.60% p.a. | $350.00 yearly | $200 | ||
| 5.15% p.a. | 5.50% p.a. | $350.00 yearly | $200 | ||
| 5.10% p.a. | 5.45% p.a. | $350.00 yearly | $200 | ||
| 4.75% p.a. | 5.10% p.a. | $350.00 yearly | $200 | ||
| 4.65% p.a. | 5.01% p.a. | $350.00 yearly | $200 | ||
| 4.60% p.a. | 4.96% p.a. | $350.00 yearly | $200 | ||
| 3.85% p.a. | 4.22% p.a. | $350.00 yearly | $200 | ||
| 3.90% p.a. | 4.27% p.a. | $350.00 yearly | $200 | ||
| 4.00% p.a. | 4.37% p.a. | $350.00 yearly | $200 |
‡ 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.
| Unlimited free extra repaymentsUnlimited free extra repayments | Make unlimited free extra repayments to pay off your Unity Bank home loan quicker. |
| Redraw facilityRedraw facility | Find that you need some of those extra funds back? You can make use of the free redraw facility, just remember that a minimum redraw amount applies. |
| Bundling perksBundling perks | Choose the variable rate package home loan and get your hands on some great bonuses, including an annual fee free credit card and discounts on personal and car loans. |
Want to know what Unity Bank customers think about their home loans? Find out in our customer review section.
Great bank to deal with, great staff and customer service.
Great bank to deal with, great staff and customer service.
Chrissy, Queensland, reviewed 5 months ago
Communication is easy, response time is A+ .
Communication is easy, response time is A+ .
Bec, Victoria, reviewed over 4 years ago
It would be more convenient if their only branch in Melbourne was open for longer hours and/or on Saturday mornings for people who work 9-5. Customer service is great, and the fees/interest rates are hard to beat.
It would be more convenient if their only branch in Melbourne was open for longer hours and/or on Saturday mornings for people who work 9-5. Customer service is great, and the fees/interest rates are hard to beat.
Lyndsey, Victoria, reviewed almost 5 years ago
Russel, Queensland, reviewed about 5 years ago
We r currently new house owner and any help will go a long way. I will recommend this site to all friends
We r currently new house owner and any help will go a long way. I will recommend this site to all friends
Louise, , reviewed about 5 years ago
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When you apply for a Unity Bank home loan, you’ll need to provide information about:
You’ll also need to apply to become a member and pay a small membership fee before securing your home loan, so don’t forget to bring your I.D.
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