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Australian Unity Home Loans Wealth Builder Loan

Features

The Australian Unity Wealth Builder Loan package is for residential investors only. Available in both fixed and variable options, this home loan offers moderately low interest rates.

The Australian Unity Wealth Builder Loan package offers a range of features, including a mortgage offset account, which is a popular loan feature.

The loan also has a redraw facility to allow access to additional loan repayments made over and above the borrower’s scheduled repayments.

The loan allows borrowing of up to 90 per cent of the property value, including lenders mortgage insurance. Like many lenders, Australian Unity Home Loans charges compulsory lenders mortgage insurance on all loans greater than 80 per cent of the property value.

As part of the Australian Unity Wealth Builder Loan package, the borrower may be entitled to a number of discounts on other financial and insurance products taken out with the lender.

However, note that the lender may require you to bundle the home loan with one or more other products – such as an everyday bank account, credit card or landlord insurance, for instance – as part of the package.

Who is the Australian Unity Home Loans Wealth Builder Loan good for?

The Australian Unity Wealth Builder Loan package is designed for investor borrowers. It is not available for owner-occupier borrowers.

Review - What RateCity says

The Australian Unity Wealth Builder Loan with package is available to investor borrowers. It is available for variable and fixed home loans and offers moderately-low rates. The loan offers several features including a mortgage offset account and redraw facility, both of which are popular mortgage features.

The Australian Unity Wealth Builder Loan package is available on loans of up to 90 per cent of the purchase price, including lenders mortgage insurance. It has an upfront fee, which is higher than average, but no ongoing fees are charged on this loan.

Australian Unity Home Loans Wealth Builder Loan Options

The Australian Unity Wealth Builder Loan package is available for both variable and fixed home loans.

Fixed Rates from

4.44%

Advertised rate

4.34%

Comparison rate

Variable Rates from

4.29%

Advertised rate

4.32%

Comparison rate
Pros
  • Available for both fixed and variable home loans.
  • Mortgage offset account available.
  • Redraw facility available.
Cons
  • Upfront fees apply.
  • The loan needs to be bundled with other Australian Unity products.
  • Not available to owner-occupier borrowers.
Eligibility

Available to residential investment lending only.

Available for borrowing of up to 90 per cent of the purchase price, including lenders mortgage insurance.

May be required to bundle the home loan with other Australian Unity financial and insurance products, to be determined at the time of borrowing.

Must meet lender’s serviceability requirements.

Suitable For
  • First Home Buyers
  • Investors
  • Refinancers
Fees
  • Estimated upfront fees: $600
  • Discharge fees: $300
  • Ongoing fees: $0

The Australian Unity Wealth Builder Loan package charges upfront fees. However, the loan has no ongoing annual or monthly fees charged. As a result, this home loan has a moderately low comparison rate.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Australian Unity

Australian Unity Home Loans offers a wide variety of products and services from banking, insurance and financial advice. Australian Unity customers can access thousands of rediATMs around the country.

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