The details shown below are for an owner occupier taking out a principal & interest loan between $10,000 and $3,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $10,000 and $3,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $10,000 $3,000,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $10,000 $3,000,000

Rate
2.64% p.a.
Comparison Rate
2.56% p.a.
Service fee
Upfront fee
$0
Go to site
Rate
2.94% p.a.
Comparison Rate
2.86% p.a.
Service fee
Upfront fee
$0
Go to site

Mozo editorial review Unloan Variable - last updated: 20 June 2022

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What's hot
  • Variable rates from 2.64% p.a. (2.56% 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 2.64% p.a. (2.56% 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 2.64% p.a. (2.56% 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 2.94% p.a. (2.84% p.a. comparison rate*) on loans up to $3 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!

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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.

Details

Rates and fees information correct as at 30 June 2022. 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

2.64% p.a.

n/a

n/a

n/a

2.56% 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

n/a

$0.00

Other financial bits

$10,000

$3,000,000

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 30 June 2022. 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

2.94% p.a.

n/a

n/a

n/a

2.86% 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

n/a

$0.00

Other financial bits

$10,000

$3,000,000

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

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About Unloan

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.