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Are you eligible for Unloan?
Are you eligible for Unloan?

Our eligibility criteria can help you determine whether Unloan is a good fit for your needs.

Updated over a week ago

We believe home loans should be easy to get, and easier to live with. To determine whether Unloan is a good fit for your needs, we have an eligibility criteria.

Your identity

  • Be over the age of 18.

  • Hold a valid Australian Drivers Licence or an Australian Passport that is valid or expired within the last 2 years.

  • Have an Australian residential address.

Your credit history

If you possess a good credit history, it’s likely that you will meet this specific section of our criteria with ease.

However, should you have concerns with your credit history, we recommend addressing them prior to applying, as this could impact the outcome of your application. You can check your credit rating and the accuracy of information held by credit reporting bodies directly with Equifax, Ilion and Experian, or through other third party services.

Your income

If you receive regular income, you need to provide acceptable documents to verify your income such bank statements and payslips. To find out what documents we accept, visit our income verification page.

Your property

  • You’re refinancing an existing home loan.

  • The loan is for 80% or less of the property value. Depending on the location of your property, or the type of property you’re purchasing, the deposit required may be higher, or you may be ineligible.

  • The loan amount is between $10,000 and $10,000,000. Total borrowings per customer across all Unloan loans is limited to $10,000,000.

Please note: We do not offer construction loans (including off the plan) at this stage.

You can cover any upfront costs

When you're refinancing an existing home loan, upfront costs include:

  • A mortgage registration fee

  • Exit fees

  • Break fees‍

Important Information:

Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Full terms and conditions will be set out in our loan offer, if an offer is made.

This article is intended to provide general information only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. Please consider seeking financial advice before making any decision based on this information.‍

Unloan is a division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.

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