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.

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.

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.

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:

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

Currently, Unloan is unable to accommodate variations such as:

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

You are able to top up additional funds after you got your Unloan home loan The minimum amount you will be able to top up is $10,000. Total borrowings per customer across all Unloan loans is limited to $10,000,000. Learn more here.

If you have any additional questions or require further support, please don't hesitate to contact us.

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 Commonwealth Bank of Australia.

Applications are subject to credit approval, satisfactory security and you must have a minimum 20% equity in the property. Minimum loan amount $10,000, maximum loan amount $10,000,000, and total borrowings per customer across all Unloan loans is $10,000,000. (For purchase loans a minimum 10% equity is required - however a Lenders Mortgage Insurance (LMI) premium and higher interest rate apply. In some cases, depending on the property’s location or type, an LMI premium may also be required for LVR between 70.01% to 80%). For loans with Lenders Mortgage Insurance (LMI) the minimum loan amount is $10,000, maximum loan amount is $3,000,000 and total borrowings per customer across all Unloan loans is limited to $3,000,000).

Unloan offers a 0.01% per annum discount on the Unloan Live-In rate or Unloan Invest rate upon settlement. On each anniversary of your loan’s settlement date (or the day prior to the anniversary of your loan’s settlement date if your loan settled on 29th February and it is a leap year) the margin discount will increase by a further 0.01% per annum up to a maximum discount of 0.30% per annum. Unloan may withdraw this discount at any time. The discount is applied for each loan you have with Unloan.

*At Unloan, we do not charge any annual, application, banking, account, transaction, late or exit fees. In certain circumstances you may be required to pay a Lenders Mortgage Insurance (LMI) premium. Learn more about why this is applied and how it works. Government fees may also apply. Learn more about government fees here. Your current lender may charge an exit fee when refinancing.