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- Advantage Plus Home Loan (Principal and Interest) (LVR < 90%)
Advantage Plus
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.24%
Comparison rate* p.a.
7.55%
Advantage Plus
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.24%
Comparison rate* p.a.
7.55%
RateCity says
"You can apply for this flexible home loan with a deposit as low as 10%, and benefit from extra repayments, free redraws and a full offset account."
Calculate your repayments for this loan
Your estimated repayment
$3,407
based on 500000 loan amount for 25 years at 7.24%
Monthly Repayment
$3,407
Total interest
$726,697
Total payments
$1,226,697
Start date
05-2024
End date
05-2049
Pros and Cons
For Advantage Plus
Benefits
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
Unity Bank Variable Rate Home Loan overview
For Advantage Plus Home Loan (Principal and Interest) (LVR < 90%)
Details
Maximum LVR
90%
Total repayments
$1,226,697
Interest rate type
Variable
Borrowing range
$150k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Unity Bank Limited to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Top-up fee of $150 applies; Valuation fee waived up to $360 for one property only
Fees
Total estimated upfront fees
$200
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$200
Other upfront fee
$0
Ongoing fee
$299
Discharge fee
$300
How to apply
If you'd like to apply for this product or just get more information, follow the application process on Unity Bank.More details