Unity Bank
Advantage Home Loan - Owner Occupied - Variable P&I - With Offset
A home loan with an offset and the choice of simple and straightforward features with a competitive interest rate.
Home loansBank updated 14 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 6.19% · 6.24% comparison
- Max LVR
- 95%
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableComparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan a… | Owner occupied · P&I | — | — | 6.19% | 6.24% | — |
§ 02 — Fees · 18
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| MORTGAGE_DISCHARGE_-_PEXA_SERVICE_FEE | Cash advance | No fee | — | A fee charged to cover third party costs associated with the discharge of your mortgage |
| MORTGAGE_DISCHARGE_-_REGISTRATION_FEE | Cash advance | No fee | — | A fee charged to cover third party costs associated with the discharge of your mortgage |
| PEXA_SERVICE_FEE | Cash advance | No fee | — | A fee charged to cover third party costs associated with the establishment of your mortgage |
| REGISTRATION_FEES | Cash advance | No fee | — | A third party cost for registration of mortgage |
| STAMP_DUTY_(MORTGAGE) | Cash advance | No fee | — | The tax charged on written documents and certain transactions imposed by the state government, such as mortgages and property transfers |
| TITLE_SEARCH_FEE | Cash advance | No fee | — | A third party cost for a Title Search to determine any interests in a property |
| VALUATION_FEE | Cash advance | No fee | — | A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased |
| CONSENT_FEE | Event | $300 | — | A fee charged for consent to subdivide, substitute, lease, cross-collateralise or any other matter where we need to reassess the loan in any way |
| DEFAULT_NOTICE_FEE | Event | $50 | — | A fee charged if you default on your repayments and we issue a default notice |
| LATE_PAYMENT_FEE | Event | $15 | — | A fee charged when you don't make your minimum monthly payment, plus any overdue amount |
| LOAN_SWITCH_FEE | Event | $200 | — | A fee charged to switch your loan account from one type to another |
| MORTGAGE_ADMINISTRATION_FEE | Event | $150 | — | A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan |
| RE-DOCUMENTATION_FEE | Event | $250 | — | A fee charged if you request to make a change such as include a Fixed Rate Lock fee after your Loan Offer & Contract documentation has been provided, but prior to loan settlement. |
| MORTGAGE_DISCHARGE_FEE | Exit | $300 | — | A fee charged if you repay your loan and request us to discharge your mortgage, includes our costs and is in addition to any costs incurred by us from external parties |
| LENDERS_MORTGAGE_INSURANCE | Upfront | No fee | — | Third party cost for insurance that protects the lender in the event that the borrower defaults on their home or investment loan |
| LOAN_ESTABLISHMENT_FEE_-_MORTGAGE_LOAN_(TOP_UP) | Upfront | $200 | — | A fee charged to vary the value of an existing home loan |
| LOAN_ESTABLISHMENT_FEE_-_SECOND_MORTGAGE_LOAN_(TOP_UP) | Upfront | $200 | — | A fee charged for consent to a subsequent mortgage to vary the value of an existing home loan |
| SECURITY_GUARANTOR_FEE | Upfront | $200 | — | Payable if a guarantor is listed on the loan schedule. |
§ 03 — Features
Offset accountRedrawExtra repaymentsInstant paymentsPayIDDigital banking
- · 30 years
- · You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.
- · Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate or switching from Interest Only to Principal and Interest…
- · Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.
- · Lenders Mortgage Insurance will be required if you borrow over 80% of the value of your home (or borrow an additional amount on your existing mortgage that brings the overall loan amount over 80% LVR…
- · Flexible repayment options weekly, fortnightly or monthly
- · A guarantor supports the loan by providing us with an additional security such as their home. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to…
- · This loan can be used for the purposes of owner occupied property purchases, refinancing your existing home loan, purchasing of vacant land (non-commercial), personal needs, off the plan purchases an…
- · No establishment fee is charged.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Permanent Resident
- · Employment: Employed
- · Available to individuals
- · Maximum LVR 95%
- · Applications for credit are subject to the Bank's eligibility and suitability criteria and normal credit approval process.
§ 06 — Run the numbers
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Published by Unity Bank under the Consumer Data Right, last changed by them on 14 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.