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Supporting you through every step, that's Banking that's good for you

We are excited to be selected as a partner of Indigenous Business Australia (IBA) and are committed to building strong and respectful relationships with Indigenous Business Australia, Aboriginal and Torres Strait Islander peoples, communities and businesses.

By partnering with Indigenous Business Australia we want to make banking products more accessible to Indigenous Australians to support your financial wellbeing and economic independence.

If you are considering moving your home loan from Indigenous Business Australia to Australian Unity Bank, rest assured you won’t just get a home loan. You will be supported by a team of dedicated banking specialists providing you with personal customer service and seek to understand your goals to help you select the right loan for you. We’ll help you take care of everything, including support with any paperwork to help make switching loans easy.

And thanks to our relationship with IBA you can get access to a range of banking products and services with competitive rates and fee waivers – making the switch easier.

Chat with us

Whether its understanding terminology, you’re looking to apply or have a question about your home loan we can help you with all your banking questions.

$2,000 Cashback

Switch to Australian Unity and get $2,000 cashback if you settle a home loan equal to or greater than $200,000 before 31st December 20213.

Call & mention this offer

Learn more about Kristy Nau’s experience with Australian Unity Bank





It’s been a really wonderful experience, I can’t speak highly enough of the service, the program, the steps.
- Kristy Nau

Explore our banking products

Home Loan - Owner Occupier

Product Payment Type Loan Valuation Ratio Variable Rate Discounted Variable Rate Standard 1 Year Fixed Rate 2 Year Fixed Rate 3 Years Fixed Rate 5 Years Fixed Rate
Interest Rate p.a. Comparison Rate p.a. Interest Rate p.a. Comparison Rate p.a. Interest Rate p.a. Comparison Rate p.a. Interest Rate p.a. Comparison Rate p.a. Interest Rate p.a. Comparison Rate p.a. Interest Rate p.a. Comparison Rate p.a.
Health Wealth Happiness Package4 Principal & Interest LVR <70% 2.24% 2.24% 3.61% 4.01% 1.94% 2.21% 1.94% 2.19% 2.09% 2.20% 2.69% 2.41%
LVR <85% 2.34% 2.34% 3.76% 4.15% 2.04% 2.31% 2.04% 2.29% 2.19% 2.30% 2.79% 2.51%
LVR <90%5 2.49% 2.49% 3.91% 4.30% 2.19% 2.46% 2.19% 2.44% 2.34% 2.45% 2.89% 2.64%
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Helping you through uncertainty

We understand that life can be unpredictable at times and Australian Unity Bank recognises that there are a number of ways in which you may be impacted by the current events. You may be eligible for financial relief assistance to support you during uncertain times.

To find out more, click here

Family and Friends

We’re happy to share the love

A good bank looks after its people, which is why we give our employees and partners special discounts and lower rates on home loans. Now, we’d like to extend that special treatment to your mob, family or friends to help make life more affordable.


To find out more, call 1800 819 005 or email your query to aubankingconcierge@australianunity.com.au and mention the IBA “friends and family offer”

Tips and tools

Home loan calculators

savings account vs term deposit

Compare home loans

Quick links

Frequently Asked Questions

Refinancing means moving your loan from one lender to another (from another bank or government institution to Australian Unity). We understand moving your home loan can be stressful. Rest assured at Australian Unity you will be supported by a team of dedicated banking specialists providing you with personal customer service and seek to understand your goals to help you select the right loan for you. We’ll help you take care of everything, including support with any paperwork to help make switching loans easy.

Some lenders or governments may charge a mortgage discharge fee when you close your home loan account. Fees can range from $150-$500, it is worth talking to your lender to understand fees when discharging your mortgage. Some lenders will offer a switching cashback offer to cover part or all of the costs associated with switching.

See all of our home loan rates here

Do your homework
It’s always worth looking beyond a great rate to the whole package. You might need extra flexibility - like the ability to pause your repayments for example - so we’d recommend speaking to us before you make any decisions.

A variable interest rate will rise and fall with the market over time, so your payments may vary from month to month or year to year. While this might make budgeting harder, you’ll have the flexibility to repay your loan faster (or switch to a different one).

A fixed interest rate stays the same for the chosen term (we offer 1, 3, or 5 year fixed rate terms), so you’ll always know exactly how much you’ll pay each month. While this adds extra security, you won’t have the option to switch to a better rate – and you’ll be limited when it comes to extra payments, redraws and break fees.

Did you know you can have the best of both by splitting your loans with part fixed and part variable. They’ll give you the best of both and there's no limit to the way you split the loan (50/50 or 20/80 etc).

Whatever loan you decide on, make sure it has the features, flexibility and fees you need.

An offset account is a transaction account linked to your home loan account. Money in your offset account can reduce the interest you pay by offsetting what you owe on your loan, without restricting your access to these funds.

If you need to borrow more than 85% of the property value then you will need to pay Lenders Mortgage Insurance (LMI). It is an insurance that Australian Unity takes out in case of any default on the loan from the borrower, which the borrower must pay for. It will usually apply to home loans with a higher LVR (more than 80%). IBA customers can borrow up to 85% of the property value.

85% is the LVR which stands for Loan Value Ratio. This means that if you don’t have at least 15% of the property value as your deposit or equity, Lenders Mortgage Insurance (LMI) will protect Australian Unity against a fall in the property value.

Equity is the difference between the value of your property and the outstanding balance of the loan that was used to fund it. For example, your home is worth $500,000 and you have a remaining loan of $300,000 then you could have equity in the property of $200,000.

Redraw

Draw on your own surplus or advance funds. Find out how here.

Top Ups

Talk with our loan specialists about borrowing more. People usually do this for things like renovations or large purchases (like a car).

Through Internet Banking or the app (for free)

Just move money from your loan account to your transaction account.

If you’d prefer us to help with your redraw, just call us on 1800 819 005. Keep in mind that we charge $50 per redraw over the phone.

Here’s how to do it free of charge:

Internet Banking
  1. Log in
  2. Click ‘Pay & Transfer’
  3. Select the home loan you’d like to redraw from
  4. Select the account you’re adding funds to
  5. Fill in the details
  6. Click ‘Confirm’.

Mobile banking app
  1. Log in
  2. Click ‘Transfer’
  3. Select the AU account you’d like to transfer from
  4. Select the home loan you’re adding funds to
  5. Fill in the details
  6. Click ‘Confirm’.

You can make additional repayments whenever you like by transferring into the loan account through Internet Banking or through the mobile banking app.

If you want to change your repayments to interest only or principal and interest, or the frequency from weekly to monthly, you’ll need to speak with us. Make sure you have your customer number handy.

If you want to change your interest rate type, we’re here to help. Visit our interest rates to see what may apply to you, and then give us a call. We’re available on 1800 819 005 Monday to Friday – 8.30am to 5.30pm AEST.

Changing from Variable to Fixed:
This is pretty easy. Give us a call to go through the options which are applicable to your loan type and product. Once you’ve decided we prepare a simple variation document for you to sign. This will give you all the information about the change for you to read over before signing. Once signed and returned the change will be made within 3 business days.

Changing from Fixed to Variable:
This may require you to break from your fixed rate first, and may have a fee or charge to do so. Give us a call to go through the options which are applicable to your loan type and product. Here we can quote the break costs to you. Once you’ve decided we prepare a simple variation document for you to sign. This will give you all the information about the change for you to read over before signing. Once signed and returned the change will be made within 3 business days.

There is a fee to change interest rate types, which is $249. Please note if you have a home loan package this fee does not apply.

It’s easy. Just transfer funds directly to your loan account in the app or via Internet Banking.

If you have a fixed rate loan, you can only make additional payments up to a maximum of $10,000 per year. Any more than that and you’ll need to pay a break fee.

There are no limits for variable rate loans.

Here’s how to do it:

Internet Banking

  1. Log in
  2. Click ‘Pay & Transfer’
  3. Select the account you’d like to transfer from
  4. Select the home loan you’re adding funds to
  5. Fill in the details
  6. Click ‘Confirm’.

Mobile banking app
  1. Log in
  2. Click ‘Transfer’
  3. Select the account you’d like to transfer from
  4. Select the home loan you’re adding funds to
  5. Fill in the details
  6. Click ‘Confirm’.

Your options will depend on the kind of loan you have.

Variable rate
You can pay off a variable rate home loan any time you like, with a small exit fee of $375.

Fixed rate
You can pay extra during the fixed rate period (up to $10,000 per year).

Once your loan reverts to a variable rate there’s no limit, so you can pay it off any time you like, with a small exit fee of $375.

You can still pay down a fixed loan beyond $10,000 a year if you’d like, but you’ll need to break your loan contract (which will mean extra fees).

Thinking about paying off your loan early?
Give us a call and get and we’ll let you know what it might cost.

We’re available on 1800 819 005 Monday to Friday – 8.30am to 5.30pm AEST.

You can split any home loan (except Kickstarter), anyway you like. Usually customers may split 50% variable and 50% fixed, remember the choice is yours and needs to suit your needs. Keep in mind you can split a loan up to 4 different ways.

Split loans are part fixed and part variable. They’ll give you the best of both worlds and there's no limit to the way you split the loan (50/50 or 20/80 etc).

This service usually costs $249, but if you have a package home loan it won’t cost you a thing. Just give us a call (with your customer number handy) and we’ll get it sorted as soon as possible.

It’s easy. Just click one of the links here, and hit download.

 iTunes   Google Play
     

Your new card is sent to you inactive. This protects your accounts and your money. When you receive it all you need to do is log into internet banking or set it up through our phone banking service, and complete a couple of steps – then you’re on your way.

Internet banking

  1. Log in
  2. Click ‘Settings’
  3. Click ‘Activate cards’

Phone banking

  1. Call 1800 819 005
  2. Select option 6
  3. Follow the prompts

If you have any issues, just give us a call on 1800 819 005 and we’ll help step you through it.

We’re here Monday to Friday – 8.30am to 5.30pm AEST

If you would like to change your pin after you activate your new card you can easily do so in our mobile banking app.

Internet Banking

  1. Log in
  2. Click ‘Pay & Transfer’
  3. Select the payment type
  4. Fill in the details and choose how often you want to pay
  5. Click ‘Confirm’.

Mobile banking app

  1. Log in
  2. Click ‘Pay Someone’
  3. Fill in the details and choose how often you want to pay
  4. Click ‘Confirm’.

It’s on the front page of your statement, in the top right hand corner. You’ll also see it in your welcome email and it’s the number you use to log in to Internet Banking and the mobile banking app.

If you can’t find it give us a call on 1800 819 005. We’re here Monday to Friday – 8.30am to 5.30pm AEST.

Internet Banking

  1. Log in
  2. Click ‘Settings’
  3. Click ‘Contact Details’.

Or, give us a call on 1800 819 005. We’re here Monday to Friday – 8.30am to 5.30pm AEST.

Australian Unity Bank recognises that there are a number of ways in which you may be impacted by the current events, such as:

  • Loss of income as a result of being unable to work for a period of time, and/or loss of employment or rental income
  • Reduction of income, as a result of the impacts we are experiencing in the economy including impacts to self-employed customers or casual workers
  • Inability to work due to illness or isolation due to COVID-19 or having to care for a family member suffering from the COVID-19 virus.

If you have been financially impacted, you may qualify for financial relief assistance, we will ask a few questions to better understand your situation and whether you are eligible

Depending on your individual circumstances and level of impact there are a number of financial assistance options available to you. These may include:

  • The ability to pause repayments on loans, for up to six months (which may include additional unpaid interest to your principle)
  • The ability to reduce or vary your home loan repayments including a period of interest only for up to 6 months;
  • The ability to alter a variable loan to part or all fixed loan
  • Early access to term deposits without incurring any fees

Bank better with Australian Unity

focused on wellbeing

Focused on Wellbeing

We help customers support the health and wellbeing of their family by creating products that help them save on health insurance and the tools to improve their financial control.

flexible

Flexible

Our banking products give you the flexibility to change as your life does. Options like applying to see if you can pause your home loan repayments due to a life event or paying using your phone.

mutual

Mutual

As a member-owned bank we focus on our customers, members and the community. We focus on your financial wellbeing through personalised service and competitive rates.

experience

Experience

We’ve been helping people with their banking solutions for over 30 years and the Australian Unity Group has been around for 180 years so we’ll be able to help you with your banking needs.

More tips to help you get the most out of your money

Home loan refinancing guide

Refinancing your home loan is a big decision that can affect your long-term financial position, so it's important to make sure you've covered everything you need to know before taking that step.

Find out more

Home loan rates

Rates are important when it comes to a home loan, but there's more time to think about when deciding which loan to choose.  



Find out more

Reconciliation Action Plan

In 2016, Australian Unity launched its Reconciliation Action Plan (RAP) to affirm its commitment to build strong and respectful relationships with Aboriginal and Torres Strait Islander peoples, communities and businesses.


Find out more

Disclaimer

Australian Unity Bank Limited ABN 30 087 652 079 AFSL/Australian Credit Licence No. 237994. Information in this document is correct as at 7th December 2020 and is subject to change. Australian Unity reserves the right to offer rates, fees and charges that differ from those currently promoted on the website or advertised.

This information is current as at 20th September 2021 and is subject to change

1Available for new loan applications only. Minimum loan amount $200,000. Other details on the home loans are available by contacting Australian Unity on 1300 790 740.

2Comparison Rate is based on a secured loan of $150,000 over a term of 25 years with fortnightly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Normal lending criteria apply. Comparison rates for variable Interest Only loans are based on an initial 5 year Interest Only period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period equal to the fixed period. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

3Terms and Conditions of the offer include: Offer applies to new customers only when you settle a home loan with Australian Unity equal to or greater than $200,000, the $2,000 cash back offer is a one off payment only, is not transferable and is payable into the customer’s Australian Unity transaction account upon settlement of the loan. Australian Unity reserves the right to amend or discontinue the cash back offer at any time. Loans must be approved and settled to qualify for the offer. Standard lending criteria, fees, charges, terms and conditions apply. The cash back payment of $2,000 does not affect the cost of the loan in any way. Apply before 31 December 2021 to be eligible for this offer.

4Available for new loans only. Principal & Interest loans: The rate includes up to 1.42% discount off the standard variable rate for the Health Wealth Happiness Home Loan Package. The discount for Health Wealth Happiness Home Loan Package includes a 0.60% conditional product discount and a campaign sign on discount of up to 0.82%. To maintain access to the ongoing discount the repayments for your loan must be debited from an Australian Unity transaction or offset account.

5If you’re borrowing more than 80% of the value of the property you will need to pay additional fees called Lenders Mortgage Insurance (LMI).

What is a Comparison Rate? To find out more click here.

Our Target Market Determinations are available here.