Unity Bank Home Loan Review

Unity Bank Home Loan Review

Read Here for Our Unity Bank Home Loan Review:

Unity Bank is a lender that offers multiple financial services like insurance and loans. Their home loan packages, in particular, are noteworthy due to their features and favourable rates.

Who are eligible for a Unity Bank home loan?

All potential loan applicants, at minimum, must fulfil these criteria and requirements:

  • Of age: All applicants must be 18 and above.
  • Residence: Applicants must also at least be Australian residents.
  • Documents: Several documents are required, like proof of income/employment, statement of assets/liabilities, personal identification, and details of the property.

What Unity Bank Home Loan packages are available?

This lender offers both owner-occupied and investment home loan packages, with varying features:

  1. Owner-Occupied Home Loans

Unity Bank offers home loan specials, variable home loans, fixed home loans, and rewards packages with their owner-occupied loans. See the following for the rates:

Owner-Occupied Specials

First Home Buyer 2 Year Fixed Rate 1.99% interest rate

3.88% comparison rate

First Rate Variable Special (<70% LVR) 2.28% interest rate

2.34% comparison rate

All in One 2 Year Discount 2.85% interest rate

4.19% comparison rate

Owner-Occupied Variable Loan

First Rate Variable Special (>70% LVR) 2.38% interest rate

2.44% comparison rate

First Rate 4.25% interest rate

4.31% comparison rate

All in One 4.41% interest rate

4.47% comparison rate

Tide You Over 4.63% interest rate

Owner-Occupied Rewards Package (interest rates vary based on loan value range)

$1 to $349,000 3.45% interest rate

3.88% comparison rate

$350,000 to $749,000 3.35% interest rate

3.78% comparison rate

$750,000 and above 3.30% interest rate

3.83% comparison rate

Owner-Occupied Fixed Loan

1-Year Fixed 2.24% principal+interest

4.14% comparison rate

3.33% interest only

4.24% comparison rate

2-Year Fixed 2.24% principal+interest

4.14% comparison rate

3.33% interest only

4.16% comparison rate

3-Year Fixed 2.80% principal+interest

3.95% comparison rate

3.33% interest only

4.09% comparison rate

5-Year Fixed 3.20% principal+interest

3.95% comparison rate

3.79% interest only

4.14% comparison rate

  1. Investment Home Loans

This lender also offers home loan specials, variable home loans, fixed home loans, and rewards packages with their investment loans. See the following for the rates:

Investment Loan Specials

First Rate Variable Special 2.99% principal+interest

3.05% comparison rate

3.29% interest only

4.16% comparison rate

All in One 2 Year Discount Variable 3.54% principal+interest

4.62% comparison rate

3.99% interest only

4.71% comparison rate

Investment Variable Loan

First Rate 4.63% principal+interest

4.69% comparison rate

5.14% interest only

4.89% comparison rate

All in One 4.79% principal+interest

4.85% comparison rate

5.30% interest only

5.06% comparison rate

Investment Rewards Package (interest rates vary based on loan value range)

$1 to $349,000 4.20% principal+interest

4.62% comparison rate

4.70% interest only

4.78% comparison rate

$350,000 to $749,000 4.10% principal+interest

4.52% comparison rate

4.60% interest only

4.68% comparison rate

$750,000 and above 4.05% principal+interest

4.47% comparison rate

4.55% interest only

4.63% comparison rate

Investment Fixed Loan

1-Year Fixed 2.69% principal+interest

4.53% comparison rate

3.09% interest only

4.57% comparison rate

2-Year Fixed 2.79% principal+interest

4.38% comparison rate

2.79% interest only

4.38% comparison rate

3-Year Fixed 2.99% principal+interest

4.28% comparison rate

3.39% interest only

4.39% comparison rate

5-Year Fixed 3.50% principal+interest

4.25% comparison rate

3.80% interest only

4.38% comparison rate

What are the features and advantages of a Unity Bank home loan?

Unity Bank home loans come with good features like:

  • Offset accounts are linkable with some home loan packages to reduce repayment costs.
  • Minimum deposits required by this lender are quite low compared to others.
  • Repayment options are varied. Principal+interest and interest-only repayments are available in some home loan packages. There are also different payment options available for customers.
  • Varied loan purposes like leasing and reverse mortgages are available aside from home loans. These rates are highly personalised and available upon request with Unity Bank.
  • Rewards and discounts offered in some home loan packages increase borrower savings.

Compare Unity Bank home loans with other offers.

Unity Bank home loans are excellent but by no means the only packages worth considering. Why not check out other loan packages to compare? Doing so may maximise savings.

A comparison site like Makes Cents Australia is an excellent way of seeing lender offers side-by-side. Try it out as soon as you can.

Our Unity Bank 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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