The details shown below are for a variable loan of at least $500

The details shown below are for a fixed loan of at least $500

Choose the version of this loan that suits you best

  • Loan: $500

  • Loan: $500

Interest rate from
9.99% p.a.
Comparison rate from
10.55% p.a.based on $30,000
over 5 years
Upfront fee
$150
Interest rate from
9.99% p.a.
Comparison rate from
10.55% p.a.based on $30,000
over 5 years
Upfront fee
$150

Mozo editorial review Unity Bank Personal Loan

Last updated: 17 July 2020.

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What's hot
  • Variable rates from 9.99% p.a. (10.55% p.a. comparison rate*)
  • Free extra repayments
  • Redraw facility included
What's not
  • $150 application fee, $5 service fee
  • $20 late payment fee
Mozo snapshot

Whether you need some extra cash to cover your home reno project or to fund your upcoming Bali wellness retreat, if you’re after a top-notch personal loan, then take a look at the Unity Bank Personal Loan. With variable rates from 9.99% p.a. (10.55% p.a. comparison rate*) on loans $500 and up, 1-7 year loan terms, plus, fab features like extra repayments and a redraw facility, the Unity Bank Personal Loan could be just what you need to set your financial goals in motion.

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Key features

The Unity Bank Personal Loan kicks things off with competitive variable rates from 9.99% p.a. (10.55% p.a. comparison rate*) with 1-7 year loan term options, letting you borrow as little as $500, with no maximum loan amount!

Being an unsecured loan, you won’t need to worry about potentially losing your car or other assets should you ever default on a repayment, as the Unity Bank Personal Loan doesn’t require any security items. But remember, you should still do your best to meet those repayments and avoid defaulting on the loan as it’ll hurt your credit score.

If flexibility’s what you’re after, then with the Unity Bank Personal Loan, flexibility’s what you’re going to get! Giving you the choice of either weekly, fortnightly or monthly repayments, you’ll have the freedom to work your loan repayments around your lifestyle or regular pay schedule.

On top of all this, the Unity Bank Personal Loan also comes with a bunch of other great features, like the ability to make free extra loan repayments, as well as a redraw facility, in case you ever need to dip back into those extra repayments.

Just remember this loan comes with a few different fees that you’ll need to budget for, such as the $150 application fee, $5 service fee and $20 late payment fee.

snapshot
Who is it good for

With loan amounts starting from just $500 and up, the Unity Bank Personal Loan could be a great option for Aussies needing a little extra cash but who aren’t necessarily wanting to take out a huge loan.

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Any catches

While you won’t need to worry about being charged an exit fee or early repayment fee, the Unity Bank Personal Loan does, however, come with a few other fees, like the $150 application fee, $5 service fee and $20 late payment fee.

Details

Rates and fees information correct as at 8 May 2021. 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
  • Variable

  • 9.99% p.a.variable

  • 10.55% p.a.based on $30,000
    over 5 years

Fees
  • $150.00

  • $5.00

  • $20.00

  • $0.00

  • $0.00

Other financial bits
  • $500.00

  • none

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

Details

Rates and fees information correct as at 8 May 2021. 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
  • Fixed

  • 9.99% p.a. fixed

  • 10.55% p.a.based on $30,000
    over 5 years

Fees
  • $150.00

  • $5.00

  • $20.00

  • $0.00

  • $0.00

Other financial bits
  • $500.00

  • none

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

Customer Reviews

How are Unity Bank personal loans rated by the Mozo community?

Overall
8.8/10
Price
8.2/10
Features
8.3/10
Customer service
9.2/10
Convenience
8.2/10
Trust
8.7/10

Latest reviews of Unity Bank Personal Loan

Thumbnail icon for Unity Bank

About Unity Bank

Unity Bank has been offering financial products and services to members of the maritime, mining and power industries, their families and local communities since 1970. Unity Bank gives customers access to a range of solutions within personal, car and home loan products, investment loans, overdrafts, savings accounts, term deposits, credit cards, debit cards and business products. Unity Bank additionally offers insurance products for its members.

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