You’re almost on the home stretch! As you prepare for settlement of your Unloan, here’s an overview of documents you may need.

To proceed with settlement, you need to have a valid and up to date building insurance policy. You will need to provide Unloan with a copy of your valid building insurance certificate. You can request a certificate of insurance from your insurance company.

We cannot proceed with settlement without this. An exception to this requirement is if your property is covered by strata insurance.

Your existing lender will be able to provide you with a discharge form. Unloan is represented by our Settlement Agent, FMS and on your Discharge Form, please input the following contact details for Unloan in the discharge form:

Once you submit your documents, your Unloan application will become locked from further changes. If you would like to upload further documents, please contact our Settlements Team at [email protected].

If you are eligible for any Government Grants or Concessions, please reach out to your conveyancer to understand and prepare what will be required.

Find out more about preparing for settlement with Unloan here.

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.