Unloan - Variable Home Loan
Variable | Owner Occupied | Principal & Interest | LVR up to 80% | Borrowing between $10,000 and $10,000,000 | With Annual Discount
The Unloan Variable Home Loan offers an advertised interest rate of 5.99% p.a. and a comparison interest rate of 5.90% p.a.. The Unloan Variable Home Loan is suitable for Owner Occupiers with Variable terms.
More Unloan Variable Home Loan details can be found below or visit Unloan to learn more or apply.
A Variable rate loan for Owner Occupiers repaying the Principal & Interest with an advertised interest rate of 5.99% p.a. and a comparison interest rate of 5.90% p.a.
Advertised Rate
5.99% p.a. Variable
Comparison Rate
5.90% p.a. Variable
Application Fee
$0 one off
Loan To Value
80%
Interest
Rate Type
Variable
Advertised Rate
5.99% p.a.
Variable
Comparison Rate
5.90% p.a.
Variable
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Owner Occupiers
Borrowing
$10,000 to $10.0m
Term
1 to 30
years
Loan To Value
80%
Repayment
Type
Principal & Interest
Frequency
Monthly, Weekly, Fortnightly
Extra Repayments
Yes
Fees
Application Fee
$0
one off
Ongoing Fee
$0
per month
Discharge Fee
$0
per event
Late Payment Fee
$0
per event
Early Repayment Fee
$0
per event
Features
Redraw
Yes
Loan Offset
No
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:
Objectives and Needs
- Require a home loan with a variable interest rate
- Require a home loan for any of the following purposes:
- Purchasing, refinancing or renovating a residential owner occupied or investment property
- Consolidation of personal debt
- Purchase of land
- Personal needs or personal investments
- Off the plan purchase
- Ability to access redraw
- Require a loan of $10,000 or more
- Ability to make unlimited payments in excess of the required monthly repayment amount
- Ability to view and manage the loan online
Financial Situation
The Financial Situation of the Target Market are customers that meet Unloan’s credit assessment criteria which includes demonstrating the capacity to make the required repayments and the ability to pay off the loan without substantial hardship. Unloan views that its processes in place, including assessing the customer’s ability to service the home loan account, will mean that the product will likely be consistent with the Financial Situation of the Target Market.
Eligibility Criteria
Customers will need to satisfy certain eligibility criteria, including that customers must:
- Be individuals 18 years of age or above
- Hold a current Australian Drivers’ License or Passport
- Provide sufficient security in accordance with Unloan’s credit assessment criteria, including acceptable residential mortgage.
Visit Unloan to view Target Market Determination Effective From: 2024-09-30.
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