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Unloan Variable

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan between $10,000 and $10,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $10,000 and $10,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 80% $10,000 $10,000,000
Investor Principal & Interest < 80% $10,000 $10,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $10,000 $10,000,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $10,000 $10,000,000
Rate
5.99% p.a.
Comparison Rate
5.90% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Rate
6.29% p.a.
Comparison Rate
6.20% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site

Mozo editorial review Unloan Variable - last updated: 15 February 2024

4.5 / 5
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What's hot
  • Variable rates from 5.99% p.a. (5.90% p.a. comparison rate*)
  • Rate discount annually (T&Cs apply)
  • Free extra repayments and redraws
What's not
  • Only available for refinancing
Mozo snapshot

Competitive variable rates starting from 5.99% p.a. (5.90% p.a. comparison rate*) with loads of handy features and no fees - that’s what you’ll be getting with the Unloan Variable built by Commonwealth Bank. But you must be a refinancer with at least 80% LVR. You can also get annual discounts on your interest rate (T&Cs apply).

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Key features

Commonwealth Bank’s new digital home loan Unloan offers competitive variable rates from 5.99% p.a. (5.90% p.a. comparison rate*) for owner occupiers looking to refinance, as long as their LVR is lower than 80%.

Meanwhile, If you’re an investor looking to refinance you can get a rate starting from 6.29% p.a. (6.20% p.a. comparison rate*) on loans up to $10 million.

The Unloan also comes with a nifty annual discount of 0.01% p.a. up to a maximum discount of 0.30% p.a. for up to 30 years.

CommBank lets borrowers make extra repayments on their loans and later access that extra money anytime with free unlimited redraws. Not only that but there are absolutely no fees attached to this loan. That’s right, no application, discharge, transaction or account keeping fees!

snapshot
Who is it good for

With both competitive interest rates and handy features, the Unloan could be a worthy option for anyone looking to refinance their home loan with a major bank.

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Any catches

While this loan is a CommBank loan, it is not available through CommBank’s app, branches or call centres. You'll have to apply through the official Unloan website. And as mentioned, it’s only available to refinancers with at least an 80% LVR. A loan upper limit of $10 million applies.

Picture of Niko Iliakis
Niko Iliakis
Money writer

Niko Iliakis worked as a finance journalist at Mozo for four year until his departure in April 2023. He specialised in home loans, property and interest rate movements. With an eye for facts and figures, Niko deep-dived into topics to help readers understand key info and make more informed financial decisions. He is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 4 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

5.99% p.a.

n/a

n/a

n/a

5.90% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$10,000

$10,000,000

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

none

no

no

none

Rate discounted by by 0.01% every year up to a maximum discount of 0.30%

none

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.

Details

Rates and fees information correct as at 4 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.29% p.a.

n/a

n/a

n/a

6.20% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$10,000

$10,000,000

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

none

no

no

none

Rate discounted by by 0.01% every year up to a maximum discount of 0.30%

none

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.

Customer Reviews

How are Unloan home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of Unloan Variable Home Loan

About Unloan

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Up

Home Fixed Rate

5.80% p.a.
fixed 3 years

5.91% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

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Athena

Straight Up with AcceleRATES Variable Home Loan

6.24% p.a. variable

6.24% p.a.

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Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

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ubank

Neat Home Loan

6.09% p.a. variable

6.11% p.a.

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Up

Home Variable Rate

5.95% p.a. variable

5.95% p.a.

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Athena

Straight Up with AcceleRATES Variable Home Loan

6.34% p.a. variable

6.34% p.a.

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Up

Home Fixed Rate

5.80% p.a.
fixed 3 years

5.91% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

Thumbnail icon for Athena
Athena

Straight Up with AcceleRATES Variable Home Loan

6.24% p.a. variable

6.24% p.a.

Thumbnail icon for Up
Up

Home Variable Rate

5.95% p.a. variable

5.95% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.09% p.a. variable

6.11% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for Up
Up

Home Variable Rate

5.95% p.a.

5.95% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a.

6.58% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

Thumbnail icon for Athena
Athena

Straight Up with AcceleRATES Variable Home Loan

6.24% p.a.

6.24% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.09% p.a.

6.11% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

Thumbnail icon for Athena
Athena

Straight Up with AcceleRATES Variable Home Loan

6.34% p.a.

6.34% p.a.

Thumbnail icon for Up
Up

Home Fixed Rate

5.80% p.a.
fixed 3 years

5.91% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

6.64% p.a.
fixed 3 years

6.56% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.09% p.a.
fixed 3 years

6.19% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

6.64% p.a.
fixed 3 years

6.56% p.a.

Thumbnail icon for Up
Up

Home Variable Rate

5.95% p.a.

5.95% p.a.

$0.00

Thumbnail icon for G&C Mutual Bank
G&C Mutual Bank

First Home Buyer Loan

5.90% p.a.

5.93% p.a.

$0.00

Thumbnail icon for Community First Bank
Community First Bank

Basic Variable Home Loan

5.94% p.a.

5.99% p.a.

$0.00

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.

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