based on 80 Unity Bank banking product reviews as rated by Mozo community

Unity Bank home loans

Unity Bank, formerly known as Maritime, Mining & Power Credit Union, is a member owned cooperative offering a range of banking services to Australians, including a competitive fixed, variable and package home loan options. Find out more about Unity Bank's home loan offers below.

What home loans do Unity Bank offer?

Rates and fees verified as correct at 07 December, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Home loan repayments calculator

years

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

3.33% p.a.

4.05% p.a.

$0.00

$500

2.80% p.a.

3.91% p.a.

$0.00

$500

3.39% p.a.

4.71% p.a.

$0.00

$500

2.99% p.a.

4.24% p.a.

$0.00

$500

Variable Rate Home Loans

For more flexible, feature-rich home loans, one of Unity Bank's variable rate offers may be the match for you. Owner occupiers and investors will be able to choose between the All in One Home Loan or the First Rate Home Loan - both of which are available with a minimum deposit of 5%. With features like unlimited free extra repayments, access to a redraw facility (minimum applies), the opportunity to take a repayment holiday and an offset account, the All in One loan is likely to suit borrowers who can make use of a full feature home loan, whereas the First Rate Home Loan could be a better pick for those looking for a mixture of features and a lower interest rate. Both offers also come with a few one-off fees, though you can find out more about those and all the details of each loan by checking out the linked reviews in the table below.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

4.41% p.a.

4.49% p.a.

$0.00

$1,153

2.85% p.a.variable for 24 months and then 4.41% p.a.

4.21% p.a.

$0.00

$1,153

p.a.

4.29% p.a.

$0.00

$500

4.25% p.a.

4.33% p.a.

$0.00

$1,153

2.38% p.a.

2.46% p.a.

$0.00

$1,153

2.28% p.a.

2.36% p.a.

$0.00

$1,153

5.30% p.a.

5.38% p.a.

$0.00

$1,153

4.79% p.a.

4.87% p.a.

$0.00

$1,153

3.99% p.a.variable for 24 months and then 5.30% p.a.

5.14% p.a.

$0.00

$1,153

3.54% p.a.variable for 24 months and then 4.79% p.a.

4.64% p.a.

$0.00

$1,153

5.14% p.a.

5.22% p.a.

$0.00

$1,153

4.63% p.a.

4.71% p.a.

$0.00

$1,153

3.29% p.a.

3.37% p.a.

$0.00

$1,153

2.99% p.a.

3.07% p.a.

$0.00

$1,153

Variable Package Home Loan

If you want all the benefits of a variable rate home loan combined with great bundling perks, check out the Unity Bank's All in One Home Loan (Package). You can borrow up to 95% of the property’s value, plus have the option of making unlimited free extra repayments. You’ll also have the chance to take a repayment holiday, use the redraw facility (minimum redraw applies) and make use of an offset account. On top of that, you'll be able to snag a number of extra perks from Unity Bank including credit card fee waivers, car and personal loan discounts and insurance rebates. Just don’t forget to consider the legal, valuation and settlement fees as well as the $350 yearly service fee.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.45% p.a.

3.78% p.a.

$300.00 yearly

$200

3.30% p.a.

3.63% p.a.

$300.00 yearly

$200

3.35% p.a.

3.68% p.a.

$300.00 yearly

$200

4.55% p.a.

4.86% p.a.

$300.00 yearly

$200

4.60% p.a.

4.91% p.a.

$300.00 yearly

$200

4.70% p.a.

5.01% p.a.

$300.00 yearly

$200

4.05% p.a.

4.37% p.a.

$300.00 yearly

$200

4.10% p.a.

4.42% p.a.

$300.00 yearly

$200

4.20% p.a.

4.52% p.a.

$300.00 yearly

$200

Unity Bank home loan features in a glance

Free icon

Unlimited free extra repayments

Want to pay off your Unity Bank home loan faster? The good news is that you'll be able to make extra repayments towards your loan with most of Unity Bank's fixed and variable rate loans, though there are caps involved with the fixed loan. 

Free icon

Redraw facility

Find that you need some of those extra funds you've contributed towards your loan back? No worries, because you'll be able to make use of the redraw facility which comes with most Unity bank home loans. Just remember that a $100 minimum redraw amount generally applies, and there may be fees involved.

Image of coins

Bundling perks

Choose the Unity Bank's variable rate package home loan and get your hands on some great additional perks, including an annual fee free credit card, discounts on personal and car loans, as well as insurance rebates.

How are Unity Bank home loans rated?

Mozo users have rated Unity Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Unity Bank home loans
Overall
Price
Features
Customer service
Convenience
Trust

13 Reviews

Recent Unity Bank home loan reviews

Unity Bank Home Loan
Overall 10/10
Great customer service.

Great bank to deal with, great staff and customer service.

Read full review

Great bank to deal with, great staff and customer service.

Price
5/10
Features
6/10
Customer service
10/10
Convenience
9/10
Trust
9/10
Less
Chrissy, Queensland, reviewed about 2 years ago
Unity Bank First Rate Home Loan
Overall 8/10
Would recommend

Communication is easy, response time is A+ .

Read full review

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, Victoria, reviewed over 6 years ago
Unity Bank Home Loan
Overall 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.

Read full review

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, Victoria, reviewed over 6 years ago
Unity Bank All in One Home Loan
Overall 8/10
Good

Works well for me.

Read full review

Works well for me.

Price
7/10
Features
7/10
Customer service
7/10
Convenience
7/10
Trust
7/10
Less
Russel, Queensland, reviewed over 6 years ago
Unity Bank Home Loan
Overall 10/10
need all the help

We r currently new house owner and any help will go a long way. I will recommend this site to all friends

Read full review

We r currently new house owner and any help will go a long way. I will recommend this site to all friends

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Louise, , reviewed almost 7 years ago

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

When you apply for a Unity Bank home loan, you’ll likely need to provide a range of financial and personal information about yourself including:

  • 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 have your identification handy. 

Home loan quick links