Australian Unity home loan repayment calculator

Thinking about taking out a home loan with Australian Unity? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Australian Unity home loans compare with other options.

I'd like to borrow

$

I am an

Loan term

With a repayment type

Your estimated repayments

at interest rate 2.59 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Pros
  • Package loans available.
  • No annual package fees.
  • Low rates.
Cons
  • No branch access.
  • Limited loan options.

Australian Unity home loans rates

Product
Advertised Rate
Total estimated upfront fees
Company
Comparison Rate*
Ongoing fee
Go to site

2.59%

Variable

$600
Australian Unity

2.62%

$0
More details

2.74%

Fixed - 3 years

$600
Australian Unity

3.01%

$0
More details

2.74%

Fixed - 1 year

$600
Australian Unity

3.06%

$0
More details

2.99%

Fixed - 5 years

$600
Australian Unity

3.06%

$0
More details

3.30%

Fixed - 5 years

$600
Australian Unity

3.06%

$0
More details

3.05%

Variable

$600
Australian Unity

3.08%

$0
More details

2.59%

Fixed - 3 years

$0
Australian Unity

3.24%

$0
More details

2.59%

Fixed - 1 year

$0
Australian Unity

3.29%

$0
More details

2.84%

Fixed - 5 years

$0
Australian Unity

3.29%

$0
More details

2.90%

Variable

$0
Australian Unity

3.32%

$0
More details

3.10%

Fixed - 3 years

$600
Australian Unity

3.35%

$0
More details

3.10%

Fixed - 1 year

$600
Australian Unity

3.40%

$0
More details

3.39%

Variable

$600
Australian Unity

3.42%

$0
More details

3.20%

Fixed - 3 years

$600
Australian Unity

3.56%

$0
More details

2.95%

Fixed - 3 years

$0
Australian Unity

3.57%

$399 annually
More details

3.40%

Fixed - 5 years

$600
Australian Unity

3.58%

$0
More details

3.15%

Fixed - 5 years

$0
Australian Unity

3.61%

$399 annually
More details

2.95%

Fixed - 1 year

$0
Australian Unity

3.62%

$399 annually
More details

3.20%

Fixed - 1 year

$600
Australian Unity

3.63%

$0
More details

3.24%

Variable

$0
Australian Unity

3.65%

$399 annually
More details

3.25%

Fixed - 3 years

$600
Australian Unity

3.65%

$0
More details

3.45%

Fixed - 5 years

$600
Australian Unity

3.66%

$0
More details

3.64%

Variable

$600
Australian Unity

3.67%

$0
More details

3.25%

Fixed - 1 year

$600
Australian Unity

3.73%

$0
More details

3.74%

Variable

$600
Australian Unity

3.77%

$0
More details

3.05%

Fixed - 3 years

$0
Australian Unity

3.78%

$399 annually
More details

3.25%

Fixed - 5 years

$0
Australian Unity

3.79%

$399 annually
More details

3.76%

Variable

$600
Australian Unity

3.79%

$0
More details

3.05%

Fixed - 1 year

$0
Australian Unity

3.85%

$399 annually
More details

3.10%

Fixed - 3 years

$0
Australian Unity

3.86%

$399 annually
More details

3.30%

Fixed - 5 years

$0
Australian Unity

3.87%

$399 annually
More details

3.49%

Variable

$0
Australian Unity

3.89%

$399 annually
More details

3.10%

Fixed - 1 year

$0
Australian Unity

3.94%

$399 annually
More details

3.91%

Variable

$600
Australian Unity

3.94%

$0
More details

3.91%

Variable

$600
Australian Unity

3.94%

$0
More details

3.59%

Variable

$0
Australian Unity

3.99%

$399 annually
More details

3.91%

Variable

$0
Australian Unity

4.30%

$399 annually
More details

3.91%

Variable

$0
Australian Unity

4.30%

$399 annually
More details

4.66%

Variable

$600
Australian Unity

4.69%

$0
More details

4.66%

Variable

$600
Australian Unity

4.69%

$0
More details

4.66%

Variable

$0
Australian Unity

5.03%

$399 annually
More details

4.66%

Variable

$0
Australian Unity

5.03%

$399 annually
More details

Australian Unity customer service

Home loan customers at Australian Unity can contact the organisation via a number of methods. There is a specialised phone line and email contact for home loan customers, as well as a general customer enquiry line. Customers can also contact an affiliated home loan consultant via the Australian Unity website.

  • Customer service centre (phone)
  • Online banking
  • Email
  • Live chat
  • Mobile banking staff

How to Apply

Potential home loan customers at Australian Unity can apply for a loan by submitting a loan enquiry form via the Australian Unity website, after which time a home loan specialist will contact them at a preferred date and time. Customers can also make enquiries via email or by phone on the specialised home loan line. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification documents.
  • Proof of income – whether you are self-employed or work for an employer.
  • Proof of other earnings, assets and savings.
  • Details of debts, loans and liabilities.  
  • Personal insurance documents.

Learn more about Australian Unity

Can I change jobs while I am applying for a home loan?

Whether you’re a new borrower or you’re refinancing your home loan, many lenders require you to be in a permanent job with the same employer for at least 6 months before applying for a home loan. Different lenders have different requirements. 

If your work situation changes for any reason while you’re applying for a mortgage, this could reduce your chances of successfully completing the process. Contacting the lender as soon as you know your employment situation is changing may allow you to work something out. 

How do I refinance my home loan?

Refinancing your home loan can involve a bit of paperwork but if you are moving on to a lower rate, it can save you thousands of dollars in the long-run. The first step is finding another loan on the market that you think will save you money over time or offer features that your current loan does not have. Once you have selected a couple of loans you are interested in, compare them with your current loan to see if you will save money in the long term on interest rates and fees. Remember to factor in any break fees and set up fees when assessing the cost of switching.

Once you have decided on a new loan it is simply a matter of contacting your existing and future lender to get the new loan set up. Beware that some lenders will revert your loan back to a 25 or 30 year term when you refinance which may mean initial lower repayments but may cost you more in the long run.

Who has the best home loan?

Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.

To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you. 

What is a debt service ratio?

A method of gauging a borrower’s home loan serviceability (ability to afford home loan repayments), the debt service ratio (DSR) is the fraction of an applicant’s income that will need to go towards paying back a loan. The DSR is typically expressed as a percentage, and lenders may decline loans to borrowers with too high a DSR (often over 30 per cent).

How do I take out a low-deposit home loan?

If you want to take out a low-deposit home loan, it might be a good idea to consult a mortgage broker who can give you professional financial advice and organise the mortgage for you.

Another way to take out a low-deposit home loan is to do your own research with a comparison website like RateCity. Once you’ve identified your preferred mortgage, you can apply through RateCity or go direct to the lender.

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

What is a building in course of erection loan?

Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.

What is a guarantor?

A guarantor is someone who provides a legally binding promise that they will pay off a mortgage if the principal borrower fails to do so.

Often, guarantors are parents in a solid financial position, while the principal borrower is a child in a weaker financial position who is struggling to enter the property market.

Lenders usually regard borrowers as less risky when they have a guarantor – and therefore may charge lower interest rates or even approve mortgages they would have otherwise rejected.

However, if the borrower falls behind on their repayments, the lender might chase the guarantor for payment. In some circumstances, the lender might even seize and sell the guarantor’s property to recoup their money.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

What happens when you default on your mortgage?

A mortgage default occurs when you are 90 days or more behind on your mortgage repayments. Late repayments will often incur a late fee on top of the amount owed which will continue to gather interest along with the remaining principal amount.

If you do default on a mortgage repayment you should try and catch up in next month’s payment. If this isn’t possible, and missing payments is going to become a regular issue, you need to contact your lender as soon as possible to organise an alternative payment schedule and discuss further options.

You may also want to talk to a financial counsellor. 

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

Why was Real Time Ratings developed?

Real Time RatingsTM was developed to save people time and money. A home loan is one of the biggest financial decisions you will ever make – and one of the most complicated. Real Time RatingsTM is designed to help you find the right loan. Until now, there has been no place borrowers can benchmark the latest rates and offers when they hit the market. Rates change all the time now and new offers hit the market almost daily, we saw the need for a way to compare these new deals against the rest of the market and make a more informed decision.