Advice and answers from the Unloan Team

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Understanding how the redraw facility feature at Unloan works

Learn more about how the redraw feature lets you access extra repayments to your home loan over and above the minimum monthly repayments… If you have funds in your redraw account, your AutoPay payments will add to your redraw balance… You can choose to redraw these funds or continue to let your redraw balance grow

Understanding Monthly Repayments and AutoPay

AutoPay payments remain in your Unloan redraw balance until the scheduled monthly repayment date… These payments contribute to the growth of their redraw balance until the scheduled monthly repayment… Balance = outstanding balance minus redraw balance)

I’m in the application process, how can I reduce the loan amount that I want to borrow?

1. Use your redraw balance to make a principal payment… If you have an amount in your redraw, you can use it to make a principal repayment towards your OFI loan… You can let us know if you intend to keep or use your redraw balance with us or if you will use all or

How to avoid a shortfall at settlement

more than the required settlement shortfall amount, the excess funds will be available in your Unloan redraw… If you have funds in your redraw facility, decide whether to retain them or apply them towards your loan… To maintain the approved loan balance with Unloan, please avoid withdrawing from your redraw facility

Your Unloan Account

What is the limit I can redraw?

Everything you need to know about your Unloan payments

Most months have a few extra days than this so the additional payments you make will stay in redraw which… You can make add payments into your redraw account in the following three simple ways: Make manual… If you intend to make a payment from your redraw account and have a joint account, the co-borrower must

How can I pay off my Unloan home loan faster?

flexibility to access the additional repayments you’ve made to your Unloan home loan at any time with our redraw… When you maintain an available redraw balance, it can also help reduce the interest charges on your home… Learn more about our redraw feature works

What is the maximum amount I have can transfer per day across all accounts?

A redraw facility gives you the ability to access additional repayments that you’ve made on your home… You can make regular contributions or a one-off lump sum contribution to your redraw facility

I've got an Unloan... What's Next?

These extra payments will be credited to your redraw facility, and may help reduce some of your interest… Any extra payments you make (above your minimum repayments) will be accessible through your redraw facility… and will help reduce your interest charges while they remain in the redraw facility

Understanding interest rate changes and how it affects your repayments

the AutoPay debit date before the monthly repayment due date, these payments are held securely in her redraw… These adjustments will be held in Jean’s redraw until the next minimum repayment date (depicted as green