Unloan home loans

The table below shows variable-rate, owner-occupied Unloan home loans on Canstar’s database.

GM, Research
Former Deputy Editor, Canstar
fact checked icon
Fact checked
search
filter
Online Partner OFF
filter
Filters 4
search
Sort By
down-arrow
  • Star Rating - lowest first
  • Star Rating - highest first
  • Interest rate p.a. - lowest first
  • Interest rate p.a. - highest first
  • Comparison rate^ p.a. - lowest first
  • Comparison rate^ p.a. - highest first
  • Monthly repayment - lowest first
  • Monthly repayment - highest first
promoted
Fees & charges apply. Australian Credit Licence 237391.
5.54%
Variable
5.57%
$2,852
Principal & Interest
dot
Cashback up to $4,000*
dot
$0 application fees, monthly or annual fees
dot
Apply Online
Cashback
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 237391.
Fees & charges apply. Australian Credit Licence 237391.
promoted
Fees & charges apply. Australian Credit Licence 395219.
5.54%
Variable
5.58%
$2,852
Principal & Interest
dot
Available for purchase or refinance, min 10% deposit
dot
Fast turnaround times to meet tight settlement timeframes
dot
No application, ongoing or monthly fees.
Owner occupied
10% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 395219.
Fees & charges apply. Australian Credit Licence 395219.
promoted
Fees & charges apply. Australian Credit Licence 234945.
5.49%
Variable
5.40%
$2,836
Principal & Interest
dot
A simple low rate with an increasing discount.
dot
Apply in minutes. No Unloan Fees.
dot
Fee-free extra repayments and redraw.
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 234945.
Fees & charges apply. Australian Credit Licence 234945.
promoted
Fees & charges apply. Australian Credit Licence 230686. Products issued by ubank, part of NAB.
5.69%
Variable
5.71%
$2,899
Principal & Interest
dot
Easy application. Fast approval. No annual fee.
dot
Unlimited additional repayments free of charge.
dot
Products issued by Ubank, part of NAB
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 230686. Products issued by ubank, part of NAB.
Fees & charges apply. Australian Credit Licence 230686. Products issued by ubank, part of NAB.
promoted
Fees & charges apply. Australian Credit Licence 240701.
5.63%
Variable
5.66%
$2,880
Principal & Interest
dot
Award-winning products and service. Fast approvals.
dot
Discover competitive rates, no ongoing fees & flexible options.
dot
P&N Bank is your local way home.
Owner occupied
40% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 240701.
Fees & charges apply. Australian Credit Licence 240701.
promoted
Fees & charges apply. Australian Credit Licence 214077.
5.49%
Variable
5.52%
$2,836
Principal & Interest
dot
The search that could save you $$ starts with BCU Bank.
dot
Competitive rates. No ongoing fees. Flexible options.
dot
Speak to a local BCU Bank lender today.
Owner occupied
40% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 214077.
Fees & charges apply. Australian Credit Licence 214077.
promoted
Fees & charges apply. Australian Credit Licence 234945.
5.49%
Variable
5.40%
$2,836
Principal & Interest
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 234945. Star Rating for a $500k owner occupier variable rate P+I loan at 80% LVR
Fees & charges apply. Australian Credit Licence 234945. Star Rating for a $500k owner occupier variable rate P+I loan at 80% LVR

You’ve seen all your search results.

To see what other products may be available, please edit the applied filters above.

Showing 1 of 631 results

To see more results adjust the filters above

check Available
cross Not available
dash Data not captured
canstar-rating-icon Canstar Star Rating

Unsure of a term in the above table? View glossary

The initial results in the table above are sorted by Star Rating (High-Low) , then Comparison rate^ p.a. (Low-High) , then Provider Name (Alphabetical) . Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.

promoted
Fees & charges apply. Australian Credit Licence 237391.
Interest rate p.a.
Comparison rate^ p.a.
Monthly repayment
5.54%
Variable
5.57%
$2,852
Principal & Interest
IMB Bank Budget Home Loan
Enjoy up to $4,000 cashback when you switch your eligible home loan to IMB Bank. Terms and Conditions Apply
dot
Low Rate Home Loan
dot
Apply online in minutes!
dot
Canstar's Most Satisfied Customers - Bank - 2022
Fees & charges apply. Australian Credit Licence 237391. See Terms & Conditions. ^ Comparison Rate Warning. Star Rating for a $500k owner occupier variable rate P+I loan at 80% LVR
Fees & charges apply. Australian Credit Licence 237391. See Terms & Conditions. ^ Comparison Rate Warning. Star Rating for a $500k owner occupier variable rate P+I loan at 80% LVR

About Unloan Home Loans

Unloan is a digital home loan business from Australia’s largest lender, Commonwealth Bank.

Launched in 2022, Unloan specialises in providing loans to homeowners (owner-occupiers or investors) looking to refinance. Unloan says that it charges zero bank fees (although statutory fees still apply), and offers an interest rate discount which increases each year the loan is held (up to the 30-year maximum length).

You can use the table at the top of the page to explore Unloan home loans. Change the filter to suit your needs, including reviewing investor Unloan home loans and other variables.

Frequently Asked Questions about Unloan

Unloan offers variable-rate loans to investors and owner-occupiers looking to refinance their current loan. The loan must have a loan-to-value ratio of 80% or less (ie: they are only borrowing 80% or less of the current value of the home). The maximum length of time of the loan (the term) is 30 years, with the value capped at $10 million per customer. The minimum amount that can be borrowed is $10,000.

The mortgage provider does not offer loans to those hopeful borrowers who do not have an existing mortgage.

Unloan also does not offer loans where:

You can use the table at the top of this page to view current Unloan interest rates.

Unloan states that it offers an interest rate ‘loyalty discount’, which increases each year of the loan, up to 30 years. The current loyalty discount is 0.01%, which is applied to the “relevant reference rate”, according to Unloan.

Unloan states that it does not charge any bank fees, such as application fees, ongoing account fees, and exit fees.

However, borrowers would need to pay government fees for registering a mortgage (up to about $450, depending on where you live). Unloan states these mandatory fees would be automatically added to your loan balance on settlement.

Unloan is a mortgage provider specialising in loans for people who already own a property (refinancers). As such, Unloan states that they consider applications from people who are:

  • refinancing a residential property for up to 80% of its current value (80% LVR); this can be for investment or owner-occupier purposes
  • older than 18 and with an Australian Drivers Licence or Australian Passport
  • earn a PAYG or self-employed income.

To apply for an Unloan home loan, applicants need to apply online (via Unloan’s web app). This will take you, step by step, through the application process, which the site states will take about 10 minutes to complete. 

You will first need to provide an email address, then a mobile phone number, from which you will be sent codes to help verify your identity.

Then, you’ll be presented with a series of questions you’ll be required to answer, including providing documentation details (such as your driver’s licence and/or passport number) as well as the address of the property you want to refinance, plus your income and expenses.

Unloan is a fully owned subsidiary of CommBank.

The Commonwealth Bank of Australia (ASX:CBA) is one of Australia’s ‘big four’ banks, offering personal banking, business and institutional banking and share broking services to its more than 15 million customers. It is headquartered in Sydney, Australia, and operates numerous brands, including Bankwest.

Latest in home loans

Canstar Star Ratings and Awards

Looking for an award-winning product or to switch providers or brands? Canstar rates products based on price and features in our Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.

Home Loan Awards  Refinance Home Loan Awards

About the authors

Amanda Horswill, Former Deputy Editor, Canstar

Amanda Horswill
A journalist for more than two decades, Amanda Horswill has reported on a galaxy of subjects, including property, lifestyle, hyper-local news, data journalism, the Arts and careers. She’s served as the Editor of Brisbane News, Deputy Features Editor for The Sunday Mail, Deputy Editor – Digital at Quest Community News, and a host of other senior positions at News Corp, prior to joining Australia’s biggest financial comparison website, Canstar. Amanda is fascinated with the ever-changing world of finance. A passionate believer in the motto “knowledge is power”, she strives to translate the news into practical information that will help readers make informed decisions about their future. While at Canstar, her work has been regularly referenced by publishers such as the Sydney Morning Herald , The Age, The New Daily and Yahoo Finance. Amanda holds a Bachelor of Arts (Journalism, Media Studies and Production, and Public Relations) and a Graduate Certificate in Editing and Publishing, from the University of Southern Queensland. Follow her on LinkedIn and Canstar on Facebook. Meet the Canstar Editorial Team. Have a media enquiry? Contact Canstar’s Media Team today.

Joshua Sale, GM, Research

Joshua Sale

As Canstar’s Ratings Manager, Josh Sale is responsible for the methodology and delivery of Canstar’s Home Loans Star Ratings and Awards and the Home Loan Refinance Awards. With tertiary qualifications in economics and finance, Josh has worked behind the scenes for the last five years to develop Star Ratings and Awards that help connect consumers with the right home loan for them.

Josh is passionate about helping consumers get hands-on with their home loans, always reminding home buyers that finding the right loan can be as important for your finances as negotiating a fair property purchase price. Josh has been interviewed by media outlets such as the Australian Financial Reviewnews.com.au and Money Magazine, discussing topics including home loan equity and wider finance trends.

When it comes to Josh’s own property journey, the home loans expert once bought two houses in the same transaction when he ensured the cubby house his daughter loved was listed on the purchase contract for his new home.

You can follow Josh on LinkedIn, and Canstar on Twitter and Facebook.


Important information

For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more. Payment of fees for ads does not influence our Star Ratings or Awards.

Home loan Star Ratings are updated daily. During periods of significant market fluctuations, such as adjustments to the reserve bank's cash rate, star rating updates will be paused for variable home loans until the market has stabilised. However, advertised interest rates of products will continue to be updated as advised by lenders. The results don’t include every provider in the market and we may not compare all features relevant to you. Current rates and fees are displayed and may be different to what was rated. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Home Loans Star Rating Methodology. The rating shown is only one factor to take into account when considering products. The table defaults to display only home loans available to somebody borrowing up to 80% of the property value, but you can use the filters to change this. Similar products might have different features and fees depending on the amount you borrow. Contact the lender for details.

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied.  The results will show the products that most closely match your selection, based on our profiles. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

From 5 October 2021, TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. Canstar provides information about credit products. We’re not suggesting or recommending a particular credit product for you. If you decide to apply for a loan, you will deal directly with the provider, not with Canstar. Consider the Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the TMD. It’s important you check rates and product information directly with the provider. For more information, read our Detailed Disclosure. ^Read the Comparison Rate Warning.

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

We provide links to our Online Partners. These are brands that may pay Canstar a fee for referring you. Our tables default to display only our Online Partners’ products initially, you can adjust the Online Partner Filter to see all of the products available for comparison on Canstar’s website. We provide these links so that you can click through to the product provider’s website to get more information. The provision of these links does not constitute a recommendation by Canstar.

Before you elect to terminate or modify existing lending arrangements, we recommend you consider (i) your personal circumstances, and (ii) any associated fees, exit costs and application costs that may be applicable as well as the impact these changes could have on you. We suggest you consider seeking independent advice from a qualified adviser.

“Interest-only loan” generally means a loan where you will only pay interest during the interest-only term. That means you won’t be making payments which reduce debt during the interest-only term.