Unity BankRetirees Access Home Loan
The Retirees Access Home Loan is a reverse mortgage for retirees to borrow against the equity in their home. Balance of the loan is paid by your estate or when the property is vacated or sold.
At a glance
- Max LVR
- 40%
- Features
- redraw, extra repayments
Rates
The one rate Unity Bank publishes for this home loan.
| 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… | Interest only | - | - | 9.75% | 9.84% | - |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 7 Nov 2026 | Variable, Interest only | 9.50% | 9.75% | up 0.25 |
| 7 Oct 2026 | Variable, Interest only | 9.25% | 9.50% | up 0.25 |
Each change is logged the night it appears in the rates Unity Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
12 fees published, grouped by when they're charged.
- When you take it outUp to $5006 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it offUp to $3003 fees, each listed below
When you take it out6
- LOAN_ESTABLISHMENT_FEE_-_MORTGAGE_LOAN_(NEW)
A fee charged to set up a new home loan
$500 - PEXA_SERVICE_FEE
A fee charged to cover third party costs associated with the establishment of your mortgage
No fee - REGISTRATION_FEES
A third party cost for registration of mortgage
$129.20 to $248.04 - STAMP_DUTY_(MORTGAGE)
The tax charged on written documents and certain transactions imposed by the state government, such as mortgages and property transfers
$0 to $0 - TITLE_SEARCH_FEE
A third party cost for a Title Search to determine any interests in a property
$8.30 to $42 - VALUATION_FEE
A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased
$0 to $1,000
When particular things happen3
- CONSENT_FEE
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
$300 - MORTGAGE_ADMINISTRATION_FEE
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
$150 - RE-DOCUMENTATION_FEE
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.
$250
When you close it or pay it off3
- MORTGAGE_DISCHARGE_-_PEXA_SERVICE_FEE
A fee charged to cover third party costs associated with the discharge of your mortgage
$26.29 to $70.29 - MORTGAGE_DISCHARGE_-_REGISTRATION_FEE
A fee charged to cover third party costs associated with the discharge of your mortgage
No fee - MORTGAGE_DISCHARGE_FEE
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
$300
Features
- No term. Payable on death of member or on vacating or sale of the property.
- You or your estate cannot end up owing more than the value of the mortgaged property provided the terms and conditions of this loan have been met.
- The amount you borrow from your Retirees Access Home Loan and compound interest charged to the loan, will affect the amount you receive from the sale of the property (known as the equity in your prop…
- If you are living with someone who is not a borrower and the loan becomes repayable because you die or cease to permanently reside in the property, they will have to move out and live somewhere else.
- Any suitable purpose which includes personal use of cash for everyday living or things such as home renovations, an overseas holiday or a new car. The reverse mortgage can also be used to refinance a…
Eligibility and limits
- Minimum age 60
- Residency: Permanent Resident
- Available to individuals
- Maximum LVR 40%
- At least one of the applicants or an approved resident must reside in the property (except where the property is an investment property or holiday home).
- Eligibility also depends on the property's value (which the bank will determine) and its location.
- Applications for credit are subject to the Bank s eligibility and suitability criteria and normal credit approval process.
- The maximum amount available to borrow is assessed on the age of the youngest borrower and the loan to value ratio (LVR).
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Published by Unity Bank under the Consumer Data Right, last changed by them on 6 Nov 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.