Unibank Home Loans
Loan options: What Unibank home loans offer
Here’s a snapshot of Unibank’s variable home loans currently on offer for a loan amount of $600,000 in New South Wales. Please note that this table is formulated based on paying both principal and interest and results are sorted by our Star Rating (highest to lowest). To compare other home loans, please click here.
The inclusions below represent a selection of the features available with a standard variable rate home loan for an owner occupier. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about products on offer from this provider. Please ensure that you read the product disclosure statement (PDS) to determine all the current loan terms and conditions for the product you are considering.
What types of home loans does Unibank offer?
At the time of writing Unibank offers the following types of home loans:
- Variable rate home loan
- Fixed rate home loan
- Interest only home loan
- Investment home loan
- Refinancing home loan
Variable home loan features
- Offset account available on selected loan products
- Redraw facility available
- Additional repayments allowed
- No fee for early repayment
- Online-only lender with online applications
- Repayments may be made weekly or fortnightly
Find out about how different types of home loans work here.
How to apply for a Unibank home loan
Applying for a Unibank home loan is a simple process; just compare home loans on the Canstar website and apply online on the Unibank website for the loan of your choice. You can also call Unibank on 1800 864 864 on weekdays to speak to a home loan expert or find a mobile lender on the Unibank website who can visit you when it’s convenient to discuss lending advice.
Follow our applying for a home loan checklist, and use the Canstar website to compare Unibank home loans with other home loans before choosing a product that suits your needs:
Since Unibank is a credit union (i.e. a customer-owned bank), you need to purchase a share in the bank and become a member before you can apply for any banking products. To become a member, you will need:
- To be an Australian citizen or permanent resident
- To be over 18 years old
- Identification with your full name, date of birth and address
- Account details to purchase your share in the bank
Once you actually begin the home loan application process, there are many more documents that you’ll need to provide, such as proof of your income, assets and expenses. Follow our applying for a home loan checklist, and use the Canstar website to compare Unibank home loans with other home loans before choosing a product that suits your needs:
Unibank offers you the option of making weekly or fortnightly payments on your home loan. As with most banks, interest is calculated daily on your remaining principal; this means that any payment you make before your monthly due date will reduce your principal, and thus reduce the amount of interest you have to pay.
Unibank allows extra repayments on its variable interest home loans. You can also make lump sum repayments at any time, and any extra payments are available for redraw (withdrawal from your loan) at no cost if you change your mind. Terms and conditions apply; contact your lender for details.
Find out how making extra repayments could save money in interest over the life of your loan in this article or use our Extra Repayments Calculator for yourself:
Yes, Unibank’s variable rate home loans offer a redraw facility. Fees and charges may apply to use of a redraw facility; contact your lender for details or learn more about redraw facilities here.
If you’re in the market for a home loan, compare your home loan options with Canstar:
Unibank is an Australian bank dedicated to serving the needs of customers in the university sector. Founded in 1964 as the University Staff Credit Society Limited, Unibank today remains a customer-owned credit union and is run to benefit its members, meaning it channels part of its profits back into the business to improve products and services. Whether you’re a staff member, student or alumnus, Unibank offers banking products tailored to all those involved in the university sector.
Unibank membership is open to current or retired employees, graduates and post-graduates and current students of an Australian University, as well as family members of members (i.e. shareholders) of the Bank. Becoming a member of Unibank costs just $10.
Certain Unibank home loans received a 5-Star Rating from Canstar in our March 2017 Star Ratings; see our home loans comparison pages for details.