Unity Bank home loans

Unity Bank
Unity Bank's overall rating for home loans

(as rated by the Mozo community)

8.8 / 10

based on 4 reviews

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 25 March, 2017. Other information correct at the time of writing.

What home loans do Unity Bank 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 ‡

4.38% p.a.

5.01% p.a.

$0.00

$1,600

4.18% p.a.

4.81% p.a.

$0.00

$1,600


Hide

Variable Rate Home Loans Variable Rate Home Loans

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.

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

5.25% p.a.

5.34% p.a.

$0.00

$1,300

5.05% p.a.

5.14% p.a.

$0.00

$1,300

4.44% p.a. variable for 24 months and then 5.25% p.a.

5.19% p.a.

$0.00

$1,300

4.24% p.a. variable for 24 months and then 5.05% p.a.

4.99% p.a.

$0.00

$1,300

5.09% p.a.

5.18% p.a.

$0.00

$1,300

4.89% p.a.

4.98% p.a.

$0.00

$1,300

4.29% p.a.

4.38% p.a.

$0.00

$1,300

4.09% p.a.

4.18% p.a.

$0.00

$1,300


Hide

Variable Package Home Loan Variable Package Home Loan

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.

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

4.90% p.a.

5.42% p.a.

$450.00 yearly

$1,300

4.80% p.a.

5.32% p.a.

$450.00 yearly

$1,300

4.75% p.a.

5.27% p.a.

$450.00 yearly

$1,300

4.55% p.a.

5.08% p.a.

$450.00 yearly

$1,300

4.60% p.a.

5.13% p.a.

$450.00 yearly

$1,300

4.70% p.a.

5.22% p.a.

$450.00 yearly

$1,300


Hide

Unity Bank home loan features in a glance

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.

How are Unity Bank home loans rated?

Want to know what Unity Bank customers think about their home loans? Find out in our customer review section.

Unity Bank home loans

Overall 8.8*

Price

Features

Customer service

Convenience

Trust

4 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Unity Bank home loan reviews Recent Unity Bank home loan reviews

Unity Bank

Unity Bank First Rate Special Home Loan (Owner Occupier) home loan review

Overall rating   8 / 10

Would recommend

Communication is easy, response time is A+ .

Communication is easy, response time is A+ .

    Price   8 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Bec (VIC), reviewed over 1 year ago

Unity Bank

Unity Bank home loan review

Overall rating   9 / 10

Amazing customer service

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.

    Price   8 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   4 / 10

    Trust   9 / 10

Less

Lyndsey (VIC), reviewed almost 2 years ago

Unity Bank

Unity Bank All in One Home Loan (Owner Occupier) home loan review

Overall rating   8 / 10

Good

Works well for me.

Works well for me.

    Price   7 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Russel (QLD), reviewed almost 2 years ago

Unity Bank

Unity Bank home loan review

Overall rating   9 / 10

They keep interest rates competitive to major banks. Very personal service on a first name basis and look after your friends and relatives. Reliable response with no nonsense guide to any extra fees and charges, Highly recommended thanks to the...

They keep interest rates competitive to major banks. Very personal service on a first name basis and look after your friends and relatives. Reliable response with no nonsense guide to any extra fees and charges, Highly recommended thanks to the girls at budgewoi branch.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Linda (NSW), reviewed almost 5 years ago

Unity Bank

Unity Bank home loan review

Overall rating   10 / 10

Best financial organisation!

The MMPCU is the best financial organisation I have ever dealt with. Any issues raised are dealt with efficiently and quickly.There are no impediments to their service for the customer. I would recommend MMPCU to anyone.

The MMPCU is the best financial organisation I have ever dealt with. Any issues raised are dealt with efficiently and quickly.There are no impediments to their service for the customer. I would recommend MMPCU to anyone.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Eddie (QLD), reviewed almost 5 years ago

Hide reviews

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ 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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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

When you apply for a Unity Bank home loan, you’ll need to provide information about:

  • Your employment, income and living expenses
  • Your assets including, property, vehicles, savings, shares and super
  • Any debts you owe on loans, overdrafts, or credit cards

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.

Hide

More helpful home loan quick links