Start the journey

You can refinance your home loan to Unloan in six simple steps. When you switch to Unloan, for every year you hold your home loan, you’ll receive a loyalty discount of 0.01% p.a. off the current interest rate, up to a maximum discount of 0.30% p.a every year, up to 30 years**.

There are also no application, discharge, account keeping or transaction fees. Government fees may apply. Your current lender may charge an exit fee when refinancing.

If you're looking to purchase a home, visit our dedicated Buy A Home page for more information. You can calculate your borrowing power and get property insights to calculate if you could afford to buy.

Chat to us online to get guided supported and make buying a home simple.

You’ll be able to see:

• An estimate of your minimum monthly principal and interest repayments by refinancing to Unloan.
• What changes could occur if you make additional repayments.
• An illustrative example of how much interest may be saved by refinancing to Unloan based on assumptions.
• An example of how our annual loyalty discount may work over the life of your loan based on assumptions.

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.

We like to keep things radically simple, so you can apply in minutes. Once we receive the necessary documents, we’ll run all the standard checks. If you’re approved, we’ll formally request a transfer from your current lender. This is often when delays can occur. On average, from application to settlement, it has taken our existing customers five to six weeks to switch over.

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

When you refinance your home loan, it’s often to get a lower home loan rate and save money in the short and long term. By undoing your home loan with Unloan, not only are you on a low rate home loan, but you’ll receive an annual loyalty discount that increases every year you stay with us, up to 30 years.

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.