UniBank Home Loans
Everything you need to know about a UniBank Home Loan
UniBank was originally called the University Staff Credit Society Limited when it was created in 1964 to provide financial products to members of the university community in Western Australia. It merged with Teachers Mutual Bank in 2015, at which point it changed its name from Unicredit to UniBank. This lender offers competitive home loan for those that work in the sector and also sets a high bar for social responsibility with a commitment to sustainability.
Key Benefits
- Variety of home loan products
- Convenient online access
- Extra benefits and discounts for members
Drawbacks
- Some loans have high fees
- Loans limited to teachers and university staff
- Only moderately competitive rates
UniBank Home Loan Products Breakdown
My First Home Loan
- 100% offset
- Split loan
- No monthly fees
An easy home loan to help first home buyers achieve their dream home
This is a full-featured home loan with a moderately competitive rate. You’ll get plenty of flexibility with free redraw, a 100% offset account, and you can choose to split your loan if you want the benefits of both a variable and a fixed rate. While not the most competitive rate, you’ll enjoy other ways to save, such as no ongoing monthly fees and up to 10% savings on a new home and contents insurance policy with Teachers Mutual Bank.
Classic Home Loan
- Discount rate
- No monthly fees
- 24/7 online banking
A low rate home loan that keeps it simple.
This is a great home loan product if you want a simple loan with a great rate. It has a discounted standard variable rate, which you can enjoy for the life of the loan. There are no monthly fees and you can take advantage of a free redraw facility. And, of course, it comes with UniBank’s 24/7 online and mobile banking access.
Solutions Plus Home Loan
- Discounts
- No penalty for repayments
- 24/7 online banking
Enjoy discount rates for loan amounts over $150,000
With this loan, you can enjoy a discounted variable rate as well as all the features and benefits of UniBank’s reward’s package. These include free top up, a discount on your home and contents insurance policy, and no fees on your Everyday banking account. Great for first-time homebuyers, you can borrow up to 95% with lender’s mortgage insurance.
Flexi Choice Home Loan
- 100% offset
- No penalty for repayments
- 24/7 online banking
Build or renovate your dream home with a competitive rate loan
If you want the freedom to pay down your loan at your pace with flexible repayments, a repayment pause when you are ahead on your mortgage, and no penalty for early repayment, UniBank’s Flexi Choice is a good option. It does have only a moderately competitive variable interest rate, but you’ll save with no ongoing fees and an optional 100% offset account.
Fixed Rate Home Loan
- 100% offset
- 90 day rate lock
- 24/7 online banking
Enjoy knowing exactly how much you will be paying each month
Lock in a low rate with this Fixed Rate Home Loan and enjoy predictable mortgage repayments for your fixed term. You’ll also get UniBank’s convenient online access, a 100% offset account, and loan portability. You can secure your rate with a rate lock feature of up to 90 days from when you submit your application. Borrow up to 95% with lender’s mortgage insurance.
Interest Only Variable Home Loan
- Interest only repayment
- No settlement fee
- 24/7 online banking
A perfect choice for a new home with the choice of interest
Interest only variable loans are available to be used for investment purchase, vacant land, renovations, or any acceptable purpose. This loan is suitable for construction purposes. Due to business and prudential requirements, we have placed restrictions on certain interest only home loans. Please contact us for further information.
My First Home Loan
- 100% offset facility
- Borrow a minimum amount of $25,000
- 24/7 online banking
A hassle-free loan for first home buyers
Buying your first home can be daunting, and the thought of having your first home loan can add to this stress. Options such as the ability to get a loan with as little as 5% deposit using the first home loan deposit scheme with this loan may alleviate your home related worries. Some other features of this loan include flexibility with your repayments, discounts on variable interest rates for the life of your loan, as well as the potential to save up to 10% on insurance with Allianz.
UniBank Home Loan Products Comparison
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