UniBank Teachers Flexi Choice Loan


The Teachers Flexi Choice Home Loan is a high-interest rate loan designed for people who are looking for extra features over a competitive price.

These features include unlimited extra repayments, a 100 per cent offset account option and a redraw facility which gives you access to any additional repayments you have made towards your loan.

Other perks include the option to take a repayment holiday if you have a change in income or need a break for another reason, the ability to top up your loan and the option to split your loan with another UniBank home loan product.

This loan requires a minimum deposit of just five per cent, but note that any borrowing amount that is greater than 80 per cent of a property’s value is subject to paying lender mortgage insurance, which is an added cost.

You can also take this loan with you if you move homes or want to switch the property that is serving as your security on this loan with the loan portability option.

Who is the UniBank Teachers Flexi Choice Loan good for?

The Flexi Choice Home Loan could be a good option for owner-occupiers who are looking to have a range of features from their home loan however the high interest rate will deter many.

Review - What RateCity says

The UniBank Teachers Flexi Choice Home Loan could be a viable loan option if you want all of the features offered in this loan and are prepared to pay a higher interest rate for them.

However, it’s important for people to weigh up their options against their needs to work out which loan will serve them best and for what price.

UniBank Teachers Flexi Choice Loan Options

Read more about the Teachers Flexi Choice Loan by UniBank at the link provided below.

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  • 100 per cent offset account.
  • Loan split option.
  • Loan portability.
  • High variable interest rate.
  • Moderately high establishment fee.
  • Limited branch access.

Must be a member of UniBank.

Must be over 18 years of age.

Must be an Australian citizen or permanent resident.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Estimated upfront fees: $930.00
  • Discharge fees: $75
  • Ongoing fees: $0

Along with moderately high upfront fees, you will be charged a fee at the completion of your loan term, although the discharge fee is comparatively low. There are no ongoing fees with the Teachers Flexi Choice Home Loan, but you will be charged a fee if you top up your loan.

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

UniBank is a member-owned bank based in Western Australia, set up to primarily serve people who are in the tertiary education sector. UniBank members have 24/7 access to the online and mobile banking portal as well as telephone banking or face-to-face customer service at a small handful of locations in Western Australia.

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