Unity BankDiamond Fair Rate Personal Loan Varibale P&I
Our Fair Rate Personal Loan can help to fund or partially fund holidays and travel, renovations, wedding plans and debt consolidation. The rate is guided by your credit worthiness and borrowing histor
At a glance
- Variable
- 7.99%8.00% comparison
- Upfront fee
- $150
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 7.99% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 35th lowest of 68, level with 2 others |
| Variable personal loanMoves with the lender's rates | 7.99% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 20th lowest of 45, level with 2 others |
Rates
The one rate Unity Bank publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableThe rate on our Fair Rate Personal Loan is guided by your credit worthiness - so you may be rewarded with a better rate based on your borrowing history. The comparison rate is based on unsecured $30,… | P&I | - | - | 7.99% | 8.00% | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it outUp to $1502 fees, each listed below
- While you hold it$2 a monthPAPER_STATEMENT_FEE
- When you close it or pay it offNo fee published
When you take it out2
- LOAN_ESTABLISHMENT_FEE_-_PERSONAL_LOAN_(NEW)
A fee charged to set up a new personal loan
$150 - LOAN_ESTABLISHMENT_FEE_-_PERSONAL_LOAN_(TOP_UP)
A fee charged to vary the value of an existing personal loan
$100
While you hold it1
- PAPER_STATEMENT_FEE
A fee charged to cover the cost of producing and sending paper statements
$2 a month
When particular things happen2
- DEFAULT_NOTICE_FEE
A fee charged if you default on your repayments and we issue a default notice
$50 - LATE_PAYMENT_FEE
A fee charged when you don't make your minimum monthly payment, plus any overdue amount
$15
Features
- 1 to 7 years
- Flexible repayment options weekly, fortnightly or monthly
- You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions
- Increase your existing loan for an effective way to get access to extra funds
- The interest rate on your loan is guided by your creditworthiness, potentially rewarding you with a better rate based on your borrowing history
Eligibility and limits
- Minimum age 18
- Residency: Permanent Resident
- Employment: Employed
- Minimum balance $1,000
- Applications for credit are subject to eligibility and suitability criteria and normal credit approval process.
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Published by Unity Bank under the Consumer Data Right, last changed by them on 11 June 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.