Beyond settlement

We all may experience financial hardship at some time. Getting support is important, and we’re here to help. In addition to contacting us, you may also find help from these external support services.

You need to have at least 10% equity in your property (90% Loan-to-Value-Ratio) plus enough funds to cover any government fees or exit fees charged by your current lender. When you refinance your home with us, we’ll get an updated valuation of your property to make sure your LVR is 90% or less. Learn more about our eligibility requirements.

Every year we’ll increase the loyalty discount on your variable rate current at the time by 0.01% p.a. (up to a maximum of 0.30% p.a. in year 30) on the anniversary of your settlement date. It’s our way of saying thanks for staying with us.

Please be aware that the variable reference rate is subject to change. The loyalty discount will be applied to your variable rate at the relevant time, and this rate may change over your loan term. This means that the variable rate used to calculate interest on your home loan may increase over the loan term, regardless of the loyalty discount.

Unloan offers a low cost home loan, an annual loyalty discount, a redraw facility and no annual, application, banking, account, transaction, late or exit fees. Learn more about the Unloan Home Loan.

Government fees may apply. Your current lender may charge an exit fee when refinancing.

Higher interest rates typically mean your borrowing power will be reduced as your repayment costs will increase.

Unloan offers an unlimited redraw facility that lets you access extra repayments you’ve made on your home loan, above your minimum scheduled repayments.

A redraw facility lets you access extra repayments you’ve made on your home loan. Maintaining an available redraw balance can help you reduce interest on your home loan. This could come in handy if you need some extra cash down the track.

Learn more about redraw.

A Top Up for a home loan refers to borrowing additional funds on your existing home loan. It allows homeowners to access additional funds from their lender based on the equity they've built up in their property as well as their current financial situation. This equity is the difference between the current market value of the property and the outstanding balance on the home loan.

Top Ups are often used for various purposes such as home renovations, education expenses and investments. Since the borrower is already a customer of the lender, the process for obtaining a Top Up is typically simpler and faster compared to applying for a new loan. The terms and conditions for Top Ups may vary depending on the lender and the borrower's financial situation.

Please note: Topping up your home loan means you’re taking on more debt and may increase your loan repayments. Before increasing your loan, make sure you’re comfortable with any potential changes to your repayments.

It’s also important to understand that by using your loan top-up funds to make a purchase (e.g. a holiday or vehicle), the life of that purchase could be significantly shorter than your remaining home loan term. Be confident this is compatible with your financial goals.