Unity Bank
Opal Fair Rate Personal Loan Variable P&I
Our Fair Rate Personal Loan can help fund or partially fund holidays and travel, renovations, wedding plans and debt consolidation. The rate is guided by your credit worthiness and borrowing history.
Personal loansBank updated 1 July 2026
At a glance
- Variable
- 16.99% · 17.01% comparison
- Upfront fee
- $250
- Monthly fee
- $2
§ 01 — Rates · 1
| 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 | — | — | 16.99% | 17.01% | — |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| 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 |
| PAPER_STATEMENT_FEE | Periodic | $2 | Every 1 mo | A fee charged to cover the cost of producing and sending paper statements |
| LOAN_ESTABLISHMENT_FEE_-_PERSONAL_LOAN_(NEW) | Upfront | $150 | — | A fee charged to set up a new personal loan |
| LOAN_ESTABLISHMENT_FEE_-_PERSONAL_LOAN_(TOP_UP) | Upfront | $100 | — | A fee charged to vary the value of an existing personal loan |
§ 03 — Features
RedrawInstant paymentsPayIDDigital banking
- · 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
§ 04 — Eligibility & 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.
§ 06 — Run the numbers
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Published by Unity Bank under the Consumer Data Right, last changed by them on 1 July 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.