Unity Bank home loans

Unity Bank
Unity Bank's overall rating for home loans

(as rated by the Mozo community)

8.3 / 10

based on 12 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 14 November, 2018. 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 ‡

5.03% p.a.

5.74% p.a.

$0.00

$1,600

4.24% p.a.

5.16% p.a.

$0.00

$1,600

4.58% p.a.

4.92% p.a.

$0.00

$1,600

4.03% p.a.

4.77% p.a.

$0.00

$1,600


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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 ‡

6.01% p.a.

6.11% p.a.

$0.00

$1,300

5.51% p.a.

5.60% p.a.

$0.00

$1,300

5.05% p.a.

5.14% p.a.

$0.00

$1,300

4.95% p.a.variable for 24 months and then 6.01% p.a.

5.90% p.a.

$0.00

$1,300

4.45% p.a.variable for 24 months and then 5.51% p.a.

5.40% p.a.

$0.00

$1,300

3.79% p.a.variable for 24 months and then 5.05% p.a.

4.91% p.a.

$0.00

$1,300

5.85% p.a.

5.95% p.a.

$0.00

$1,300

5.35% p.a.

5.44% p.a.

$0.00

$1,300

4.89% p.a.

4.98% p.a.

$0.00

$1,300

4.80% p.a.

4.89% p.a.

$0.00

$1,300

4.30% p.a.

4.39% p.a.

$0.00

$1,300

3.99% p.a.

4.08% p.a.

$0.00

$1,300


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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 ‡

5.66% p.a.

6.17% p.a.

$450.00 yearly

$1,300

5.56% p.a.

6.07% p.a.

$450.00 yearly

$1,300

5.51% p.a.

6.02% p.a.

$450.00 yearly

$1,300

5.16% p.a.

5.68% p.a.

$450.00 yearly

$1,300

5.06% p.a.

5.58% p.a.

$450.00 yearly

$1,300

5.01% p.a.

5.53% p.a.

$450.00 yearly

$1,300

4.29% p.a.

4.82% p.a.

$450.00 yearly

$1,300

4.34% p.a.

4.87% p.a.

$450.00 yearly

$1,300

4.44% p.a.

4.97% p.a.

$450.00 yearly

$1,300


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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.

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 8.3

Price

Features

Customer service

Convenience

Trust

12 Reviews

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+ .

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 3 years 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.

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 3 years ago

Unity Bank

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

Overall rating   8 / 10

Good

Works well for me.

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 3 years ago

Unity Bank

Unity Bank home loan review

Overall rating   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

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 4 years ago

Unity Bank

Unity Bank home loan review

Overall rating   8 / 10

Great customer service

Our Branch in Moranbah and girls are really good but would like longer hours for it to be open so you can do business after work and through your luch hour

Full review

Our Branch in Moranbah and girls are really good but would like longer hours for it to be open so you can do business after work and through your luch hour

    Price   8 / 10

    Features   5 / 10

    Customer service   8 / 10

    Convenience   5 / 10

    Trust   8 / 10

Less

Dianne, Queensland, reviewed over 6 years ago

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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.

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