What fees are involved when purchasing or refinancing?

Discover the common fees you might encounter when purchasing a property or refinancing your home loan. Learn what to expect and how to prepare.

Updated on 22 Jun 20265 minute read

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When it comes to your home loan, your lender may charge various upfront fees or ongoing fees, costing you thousands over the life of your loan. Here's some home loan fees to familiarise yourself with.

Upfront fees

When setting up your loan, there are several home loan fees that need to be paid upfront.

Application fee
Valuation fee
Mortgage registration fees
Settlement fees
Government charges
Legal or conveyancing fees

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.

Ongoing fees

In addition to the upfront fees, you may be charged ongoing fees over the life of your loan. These could be administrative fees or fees for accessing different features. For example:

Monthly service fee
Annual fees
Banking fee
Account fees
Redraw fees
Late payment fee

When you have an Unloan home loan, we don’t charge any account, transaction, late or exit fees*. Our home loans are easy to get, and easier to live with. Learn more about our home loan features here.

Exit fees

If you’re looking to refinance from your existing lender, there may be fees associated.

Discharge fee
Fixed rate break cost
Pre-payment penalties

What if I’m refinancing to Unloan?

If you’re refinancing to Unloan, your lender may charge a fee. Learn more about four factors to consider when refinancing here.

What if I’m refinancing from Unloan?

We’re sorry to see you go! If you’re refinancing from Unloan, we don’t charge any Discharge account closure or settlement fees.

What if I pay off my loan early?

We want you to pay off your home loan so we won’t penalise you for doing so! That’s why there’s no pre-payment penalties with Unloan. However, there may be a government fee for transferring the title to your name.

At Unloan, we believe your home loan should work for you, not against you. That’s why we don’t charge annual, application, banking, account, transaction, late, or exit fees*. Learn more about our no fee promise here.

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.