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

We believe home loans should be easy to get and easier to live with. Your handy guide on making repayments and living with your Unloan.

Updated over a week ago

We want it to be easy to live with your Unloan. That’s why we’ve pulled together a handy guide on making repayments and making adjustments to your daily withdrawal limit.

How do I make repayments on my Unloan?

We have convenient Autopay options you can set up to simplify your repayment process. You can set up a weekly, fortnightly or monthly Autopay from your bank account. For a detailed guide on setting up Autopay, please refer to our step-by-step guide available here.

If you’re selecting weekly and fortnightly payments, please keep in mind these repayments are calculated based on a four-week month. This results in additional payments, compared to the monthly minimum. These extra payments will be credited to your redraw facility, and may help reduce some of your interest expenses.

How do I make additional payments?

Making additional payments can help you save interest in the long run. To make additional payments on your Unloan, transfer the funds from your bank account into your Unloan account BSB & Account Number. You can locate these details in your Account Settings.

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.

What is the daily withdrawal limit?

By default, your daily withdrawal limit is $20,000. However, you can increase it to a maximum of $100,000 per day. To make this adjustment:

  1. Go to your account (located on the top right of your screen)

  2. Select ‘Settings’

  3. Navigate to ‘Daily Transfer Limit’

  4. Select your preferred limit.

If you have a co-borrower, please note their approval is required to process this request.

What if I need to make a variation to my loan?

Currently, Unloan is unable to accommodate variations such as -

  • Reducing your loan limit

  • Providing additional top-ups

  • Adding a borrower

  • Changing your loan term

We’re working on developing these features as part of our future offerings, stay tuned!

If you have any additional questions or require further support, please don't hesitate to contact us. We're here to ensure your Unloan experience is exceptional.

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