8.4 / 10

based on 79 reviews as rated by Mozo community

Unity Bank home loans

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.

What home loans do Unity Bank offer?

Rates and fees verified as correct at 27 October, 2020. 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 ‡

3.43% p.a.

4.07% p.a.

$0.00

$500

2.69% p.a.

3.89% p.a.

$0.00

$500

3.19% p.a.

4.73% p.a.

$0.00

$500

2.99% p.a.

4.32% p.a.

$0.00

$500

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 ‡

4.41% p.a.

4.43% p.a.

$0.00

$200

4.41% p.a.

4.43% p.a.

$0.00

$200

2.90% p.a.variable for 24 months and then 4.41% p.a.

4.16% p.a.

$0.00

$200

4.25% p.a.

4.33% p.a.

$0.00

$1,153

3.10% p.a.

3.18% p.a.

$0.00

$1,153

2.80% p.a.

2.88% p.a.

$0.00

$1,153

5.40% p.a.

5.42% p.a.

$0.00

$200

4.90% p.a.

4.92% p.a.

$0.00

$200

4.09% p.a.variable for 24 months and then 5.40% p.a.

5.17% p.a.

$0.00

$200

3.59% p.a.variable for 24 months and then 4.90% p.a.

4.68% p.a.

$0.00

$200

5.24% p.a.

5.32% p.a.

$0.00

$1,153

4.74% p.a.

4.82% p.a.

$0.00

$1,153

3.64% p.a.

3.72% p.a.

$0.00

$1,153

3.44% p.a.

3.52% 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 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 ‡

3.40% p.a.

3.78% p.a.

$350.00 yearly

$200

3.45% p.a.

3.83% p.a.

$350.00 yearly

$200

3.55% p.a.

3.93% p.a.

$350.00 yearly

$200

4.80% p.a.

5.15% p.a.

$350.00 yearly

$200

4.70% p.a.

5.06% p.a.

$350.00 yearly

$200

4.65% p.a.

5.01% p.a.

$350.00 yearly

$200

4.30% p.a.

4.66% p.a.

$350.00 yearly

$200

4.20% p.a.

4.56% p.a.

$350.00 yearly

$200

4.15% p.a.

4.52% p.a.

$350.00 yearly

$200

*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.

Unity Bank home loan features in a glance

Free icon

Unlimited free extra repayments

Make unlimited free extra repayments to pay off your Unity Bank home loan quicker.

Free icon

Redraw 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.

Image of coins

Bundling 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?

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
8.5/10
Price
Features
Customer service
Convenience
Trust
13 reviews

Recent Unity Bank home loan reviews

Unity Bank Home Loan review
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 12 months ago
Unity Bank First Rate Home Loan review
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 5 years ago
Unity Bank Home Loan review
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 5 years ago
Unity Bank All in One Home Loan review
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 5 years ago
Unity Bank Home Loan review
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 over 5 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 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.

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