How to apply for a home loan

Unloan's home loan application process is easy and fast. Follow this step-by-step guide and apply online in minutes.

Updated on 15 Oct 20265 minute read

Table of Contents

Getting started on your home loan journey

To start your Unloan application, simply tap the ‘Apply now’ button – and you’re away.

Auto property evaluation

Thanks to CommBank's industry-leading automated evaluation technology, we can assess the existing property's value digitally. It’s a near-instant process, without the need for an in-person property evaluation in most cases.

Digital Credit Check

Gone are the days when you needed to gather all your home loan documents and statements for a credit check. Now, with your consent, we can check your repayment history on any current credit products digitally – and instantly.

Biometric Identity Check

No document uploads or visits to a branch are required! We digitally identify you via your smartphone, with a snapshot of your Driver’s Licence or Passport and a snapshot of your face.

Digital Signature

Who wants to sign and mail back paper documents? Unloan offers a digital home loan contract, which can be e-signed on your mobile or desktop.

Digital Settlement

Unloan uses PEXA, Australia's leading property exchange, to settle all home loans digitally. This makes settlement fast, safe, and efficient for everyone involved.

As an FYI, settlement is the process of finalising your loan by lodging documents with your state's land registry – to reflect any changes to your property title – and simultaneously paying out any money owed to the previous homeowner, for a property purchase or previous lender, for refinancing.

Written by Unloan Team

This article is intended to provide general information only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. Please consider seeking financial advice before making any decision based on this information.

Unloan is a division of Commonwealth Bank of Australia.

Applications are subject to credit approval, satisfactory security and you must have a minimum 10% deposit or 10% equity in the property (LVR below 90%). Minimum loan amount $10,000, maximum loan amount $10,000,000, and total borrowings per customer across all Unloan loans is $10,000,000. You cannot borrow more than $2,000,000 of above 80% LVR loans. In some cases depending on the property’s location or type, we may only be able to lend you up to 70%.

Unloan offers a 0.01% per annum loyalty discount on the Unloan Live-In rate or Unloan Invest rate upon settlement. On each anniversary of your loan’s settlement date (or the day prior to the anniversary of your loan’s settlement date if your loan settled on 29th February and it is a leap year) the margin discount will increase by a further 0.01% per annum up to a maximum discount of 0.30% per annum. Unloan may withdraw this discount at any time. The discount is applied for each loan you have with Unloan. The loyalty discount is applied to your variable rate at the relevant time, and this rate may increase or decrease over your loan term. For more information view our rates and features.

*At Unloan, we do not charge any annual, application, banking, account, transaction, late or exit fees. Government fees may also apply. Learn more about government fees here. Your current lender may charge an exit fee when refinancing.