Your selected home loans
Your selected home loans
We’ll keep an eye on rates, fees, and product updates and send you an email as soon as we see a change. Notify me for changes on:
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Cheap interest rate DOES NOT offset the cheap service! BEWARE!! They only “accept” certain payment types eg direct debit, salary credits, “direct entry” or NPP. They do NOT accept payments from savings accounts or from a bank branch assisted payment. Worse, this is buried deep in their T&C’s. So if you come into extra money and want it to sit in your home loan as a redraw amount to save on interest, its a pain in the backside. And Unloan do NOT help nor care either. AND you still need to do your usual payments too! AND surprise, surprise, you can’t actually talk to someone - it’s either online chat or a callback that never happens when you need it. We took our business elsewhere. Would rather pay the extra interest rate and have actual service when needed. Not worth wasting my time trying to make extra payments that they just reject.
I recently switched my home loan to variable interest home loan with Unloan and never looked back. My home loan repayments are much more affordable and now so is my quality of life
Competitive rate
Easy to navigate our home loan online and see current balance. Redraw is swift and easy. Unloan has a very competitive interest rate and we are overall very happy with the ease of use and customer service we have received to date!
The app is easy to use for transferring money in and out of mortgage account. The rates are competitive in the mortgage market. I haven’t experienced any negatives having my mortgage with Unloan. Customer service is good also.
Quick and easy, very simplistic to swop over. App can improve to reflect true withdrawal amounts allowed. Overall happy with my transition and comparison rate.
Unloan is a digital-only home loan lender built and owned by Commonwealth Bank.
Unloan has the backing of CommBank, one of Australia’s largest banks, and you can be sure that it’s a legitimate lender.
Unloan does not currently offer fixed rate home loans. Owner occupiers and investors only have access to the Unloan Variable rate at this time.
At the moment, Unloan does not offer offset accounts with its home loans. It does, however, allow for free extra repayments and free redraws.
The most you can borrow from Unloan to buy a property is $10 million.
Unfortunately, Unloan doesn’t participate in government homebuyer assistance schemes, such as the Home Guarantee Scheme or Victorian Homebuyer Fund. However, you can use the First Home Owner Grant as long as the funds you receive aren’t used to make up your 20% minimum deposit.
When you apply to borrow through Unloan, you will need to:
* 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.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
