At Unloan, we like to do home loans differently. Our mission is to provide a simple, low-cost home loan that’s easier to get and more rewarding to live with. We’re dedicated to offering a new kind of home loan that helps to save you money. From a great variable rate and an increasing discount to redraw facilities and no Unloan fees, there’s plenty to love about an Unloan home loan.

But don’t just take it from us. The proof is in the pudding after taking out not just one but TWO awards - Mozo’s Low Cost Home Loan 2023 and Canstar’s Outstanding Value Award 2023. So, without further ado, here’s our secret to offering competitive rates and other great discounts.

As a digital-only lender, we’ve got fewer overheads, which means we’re able to pass these savings onto our customers in the form of competitive interest rates and other great features. Our home loan is available exclusively via our website, and customer support is provided by our dedicated lending team.

At Unloan, we only offer home loans online and direct-to-customer, meaning we don’t need to factor broker commissions or branch costs into our rates. We’ve also designed our home loans and systems to be as simple as possible. That means they’re easier for us to look after so we can spend more time looking after you instead.

Did you know that we’re built by CommBank, Australia’s leading bank? That means we’re able to leverage their existing infrastructure, financial systems, regulatory knowledge and risk management capabilities to keep our costs lower.

Thanks to our ties to CommBank, we’re able to provide a world-class digital customer experience with outstanding customer service and support while allowing you to take control of your financial future.

At Unloan, we believe loyalty should be rewarded. That’s why we reward our loyal customers with an annual discount. For every year your Unloan home loan is active, you'll receive an additional discount of 0.01% p.a. off the current interest rate, with a maximum discount of 0.30% p.a.^ (up to 30 years)

We like to do things differently around here. We don’t believe in fees, which is why we don’t charge any application fees, ongoing account fees, late fees or exit fees. The only fees you’ll see here are compulsory government fees# or other third-party fees. With that said, your other lender may charge an exit fee when refinancing.

At Unloan, our goal is to offer interest rates that are amongst the lowest in the industry, which could save you thousands over the life of your loan. That way, it’s easier to pay down your balance, not harder. Learn more about the Unloan home loan and our simple 6-step application process.

Applications are subject to credit approval, satisfactory security and you must have a minimum 20% equity in the property. Minimum loan amount is $10,000, maximum loan amount is $3,000,000. Full terms and conditions will be set out in our loan offer if an offer is made. Unloan is a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.

* Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^ 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.

# There are no fees from Unloan. However, there are some mandatory Government costs depending on your state when switching your home loan. For convenience, Unloan adds this amount to the loan balance on settlement.