Unibank Home Loan Review

Unibank Home Loan Review

Read Here for Our Unibank Home Loan Review:

Unibank is a university-focused lender that offers various financial services. Their home loan packages are a good choice, with several borrower-friendly features available.

Who are eligible for a Unibank home loan?

All Unibank loan applicants should fulfil these requirements:

  • Age requirement: All applicants must be 18 years old or above.
  • Residence: Australian residents are welcome to apply.
  • University affiliation: Loan packages are only available to those affiliated with an Australian University. These include retired and current university employees, students and graduates, and those related to current Unibank clients.
  • Required documents: The lender needs to see documents like proof of employment, statement of assets and liabilities, and personal identification. Property details are also necessary.

What Unibank home loans are available?

This lender offers both owner-occupied and investor loans with the following packages:

  1. Owner-Occupied Your Way Plus Home Loan

This is a flexible loan package with multiple discounts for maximum savings. Other features include:

  • Interest rates
  Interest Rate (principal+interest with <60% LVR) Comparison Rate
Standard 2.29% 2.63%
Rates for Essential Workers 2.24% 2.58%
  • Extra repayments are allowed at up to $10,000 annually.
  • Offset facilities are available.
  • Other features: No establishment fee, with discounts available. Also, there are additional discounts and waived fees for essential workers.
  1. Owner-Occupied Your Way Home Loan

This is another flexible package that is quite adaptable depending on the borrower’s needs. Other features include:

  • Interest rates
  Interest Rate for Principal+Interest Interest Rate for Interest-Only
Variable 4.29% interest rate

4.33% comparison rate

4.49% interest rate

4.41% comparison rate

Fixed, 1 year 2.24% interest rate

4.14% comparison rate

2.44% interest rate

4.16% comparison rate

Fixed, 2 years 2.44% interest rate

4.00% comparison rate

2.64% interest rate

4.04% comparison rate

Fixed, 3 years 2.64% interest rate

3.90% comparison rate

4.84% interest rate

3.96% comparison rate

Fixed, 4 years 2.84% interest rate

3.85% comparison rate

3.04% interest rate

3.93% comparison rate

Fixed, 5 years 3.14% interest rate

3.86% comparison rate

3.34% interest rate

3.96% comparison rate

  • Extra repayments are allowed for variable-rate loans.
  • Offset facilities are not available.
  • Other features: Free redraws for variable-rate loans, no annual fees.
  1. Owner-Occupied Classic Home Loan

This is a straightforward owner-occupied home Unibank home loan with minimal frills. Its features include:

  • Interest rates
  Interest Rate (principal+interest) Comparison Rate
Owner-Occupied Classic Home Loan 2.34% 2.38%
  • Extra repayments are allowed.
  • Offset facilities are not available.
  • Other features: Free redraws, no annual fees.

 

  1. Classic Investor Home Loan

This package is a simple investor loan with no unneeded features. The details are as follows:

  • Interest rates
  Interest Rate (principal+interest) Comparison Rate
Owner-Occupied Classic Home Loan 3.19% 3.23%
  • Extra repayments are allowed.
  • Offset facilities are not available.
  • Other features: Free redraws and no annual fees. This package is investment with no construction loan available.
  1. Your Way Investor Home Loan

This investor home loan package is like its owner-occupied counterpart in that it has great flexibility. Other features include:

  • Interest rates
  Interest Rate for Principal+Interest Interest Rate for Interest-Only
Variable 4.59% interest rate

4.63% comparison rate

4.79% interest rate

4.71% comparison rate

Fixed, 1 year 2.54% interest rate

4.44% comparison rate

2.74% interest rate

4.46% comparison rate

Fixed, 2 years 2.74% interest rate

4.30% comparison rate

2.94% interest rate

4.34% comparison rate

Fixed, 3 years 2.94% interest rate

4.20% comparison rate

3.14% interest rate

4.26% comparison rate

Fixed, 4 years 3.14% interest rate

4.14% comparison rate

3.34% interest rate

4.22% comparison rate

Fixed, 5 years 3.44% interest rate

4.16% comparison rate

3.64% interest rate

4.26% comparison rate

  • Extra repayments are allowed for variable-rate loans.
  • Offset facilities are not available.
  • Other features: Free redraws for variable-rate loans, no annual fees, investment and construction loans available.
  1. Your Way Investor Plus Home Loan

This package is an ideal choice when investing in new properties, with excellent discounts for essential workers. The package’s features include:

  • Interest rates
  Interest Rate (principal+interest with <60% LVR) Comparison Rate
Standard 2.59% 2.92%
Rates for Essential Workers 2.54% 2.87%
  • Extra repayments are allowed, with fixed-rate repayments capped at $10,000 yearly.
  • Offset facilities are available for both fixed and variable loans.
  • Other features: Free redraws and no establishment fee. Also, there are extra discounts and waived fees for essential workers.

Compare Unibank home loans with other offers today

It’s practical to compare Unibank home loans with offers from other lenders before taking out a loan package. That way, you can look at your options and find the right package that fits your requirements.

The best way of doing this is through a comparison site like Makes Cents. Go ahead and try out our comparison tool as soon as you can today.

Our Unibank Home Loan Review is just one of many. You can also read reviews on many more Home Loan Reviews at MakesCents. 



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