There may be a number of fees and costs involved when refinancing or taking out a new home loan. However, we believe your home loan should work for you, not against you, that’s why we don’t charge:
Settlement fees
Account bank fees
Account keeping fees
Transaction fees
Discharge account closure fees
Discharge settlement fees
However, government charges may apply. These may include:
Mortgage registration fee
Mortgage discharge fee
A Transfer Fee
Transfer Duty (also known as Stamp Duty)
What is a mortgage registration fee?
A mortgage registration fee is charged by state and territory governments to register the security for a home loan. It officially registers the physical property as the security on your home loan.
What is a mortgage discharge fee?
A mortgage discharge fee may be charged by your existing lender when you’re refinancing your home loan to us. This releases the title from your existing mortgage for you to register a new mortgage on the title.
What can I expect to pay?
The cost of the mortgage registration & discharge fee varies depending on which state or territory you live in. Here’s what you can expect to pay:
State | Mortgage Registration Fee | Mortgage Registration Discharge Fee |
NSW | $165.40 | $165.40 |
VIC | $118.90 | $118.90 |
QLD | $224.32 | $224.32 |
SA | $187.00 | $187.00 |
WA | $203.00 | $203.00 |
TAS | $145.35 | $180.20 |
NT | $165.00 add $64.00 each additional title | $165.00 add $64.00 each additional title |
ACT | $166.00 | $166.00 |
We do our best to keep this information up to date, as these fees are subject to change. We recommend checking with the relevant state or territory government body to confirm the current fee. If you choose to settle with Unloan, the current fee at time of the settlement will apply.
What is a transfer fee?
A transfer fee is charged by state and territory governments to transfer the property title from one owner to another.
Fixed Fee | Fee is dependent on the property purchase price |
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What is transfer duty?
Transfer Duty (also known as Stamp Duty) is a government tax that typically needs to be paid within 30 days of settlement. Factors that determine how much stamp duty you pay include:
The state or territory in which your property is built
The price of your property
If you're a first home buyer or investor
Transfer duty is often the biggest cost after your deposit and mortgage, so it's important to take this into account when deciding if you can afford a property.
Learn more about fees involved when purchasing and refinancing here, and upfront costs associated with buying a home here.
This article does not have regard for the financial situation or needs of any reader and must not be relied upon as financial product advice. As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this, consider the appropriateness to your circumstances.