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Owner occupied products interest rates

TMD

Loan typePrincipal & Interest rateInterest Only
Your Way Basic Variable Home Loan (Min Deposit 2%)
2.14% p.a.
2.18% p.a. Comparison rate
2.54% p.a.
2.32% p.a. Comparison rate
Your Way Plus Variable Home Loan packaged
3.34% p.a.
3.66% p.a. Comparison rate
3.74% p.a.
3.78% p.a. Comparison rate
1 Year Your Way Plus Fixed Home Loan (Min Deposit 40%)
3.99% p.a.
3% p.a. Comparison rate
4.39% p.a.
3.03% p.a. Comparison rate
1 Year Your Way Plus Fixed Home Loan (Min Deposit 20%)
3.99% p.a.
3.09% p.a. Comparison rate
4.39% p.a.
3.12% p.a. Comparison rate
2 Year Your Way Fixed Home Loan (Min Deposit 40%)
n/a
4.79% p.a.
3.24% p.a. Comparison rate
1 Year Your Way Plus Fixed Home Loan (Min Deposit 10%)
3.99% p.a.
3.27% p.a. Comparison rate
4.39% p.a.
3.3% p.a. Comparison rate
2 Year Your Way Plus Fixed Home Loan (Min Deposit 20%)
4.39% p.a.
3.27% p.a. Comparison rate
4.79% p.a.
3.32% p.a. Comparison rate
2 Year Your Way Plus Fixed Home Loan (Min Deposit 10%)
4.39% p.a.
3.44% p.a. Comparison rate
4.79% p.a.
3.49% p.a. Comparison rate
3 Year Your Way Plus Fixed Home Loan (Min Deposit 40%)
4.79% p.a.
3.44% p.a. Comparison rate
5.19% p.a.
3.51% p.a. Comparison rate
3 Year Your Way Plus Fixed Home Loan (Min Deposit 20%)
4.79% p.a.
3.52% p.a. Comparison rate
5.19% p.a.
3.59% p.a. Comparison rate
3 Year Your Way Plus Fixed Home Loan (Min Deposit 10%)
4.79% p.a.
3.67% p.a. Comparison rate
5.19% p.a.
3.74% p.a. Comparison rate
4 Year Your Way Plus Fixed Home Loan (Min Deposit 40%)
5.69% p.a.
3.93% p.a. Comparison rate
6.09% p.a.
4.01% p.a. Comparison rate
4 Year Your Way Plus Fixed Home Loan (Min Deposit 20%)
5.69% p.a.
3.99% p.a. Comparison rate
6.09% p.a.
4.08% p.a. Comparison rate
4 Year Your Way Plus Fixed Home Loan (Min Deposit 10%)
5.69% p.a.
4.13% p.a. Comparison rate
6.09% p.a.
4.21% p.a. Comparison rate
1 Year Your Way Fixed Home Loan (Min Deposit 2%)
4.14% p.a.
4.32% p.a. Comparison rate
4.54% p.a.
4.35% p.a. Comparison rate
5 Year Your Way Plus Fixed Home Loan (Min Deposit 40%)
5.99% p.a.
4.29% p.a. Comparison rate
6.39% p.a.
4.38% p.a. Comparison rate
5 Year Your Way Plus Fixed Home Loan (Min Deposit 20%)
5.99% p.a.
4.35% p.a. Comparison rate
6.39% p.a.
4.44% p.a. Comparison rate
2 Year Your Way Fixed Home Loan (Min Deposit 2%)
4.54% p.a.
4.38% p.a. Comparison rate
4.94% p.a.
4.45% p.a. Comparison rate
Your Way Standard Variable Home Loan (Min Deposit 2%)
4.29% p.a.
4.33% p.a. Comparison rate
4.69% p.a.
4.49% p.a. Comparison rate
5 Year Your Way Plus Fixed Home Loan (Min Deposit 10%)
5.99% p.a.
4.47% p.a. Comparison rate
6.39% p.a.
4.57% p.a. Comparison rate
3 Year Your Way Fixed Home Loan (Min Deposit 2%)
4.94% p.a.
4.5% p.a. Comparison rate
5.34% p.a.
4.6% p.a. Comparison rate
4 Year Your Way Fixed Home Loan (Min Deposit 2%)
5.84% p.a.
4.87% p.a. Comparison rate
6.24% p.a.
4.99% p.a. Comparison rate
5 Year Your Way Fixed Home Loan (Min Deposit 2%)
6.14% p.a.
5.12% p.a. Comparison rate
6.54% p.a.
5.26% p.a. Comparison rate
2 Year Your Way Plus Fixed Home Loan (Min Deposit 40%)
4.39% p.a.
3.19% p.a. Comparison rate
n/a

Investment purpose products interest rates

TMD

Loan typePrincipal & Interest rateInterest Only
Your Way Basic Variable Investment Loan (Min Deposit 5%)
2.44% p.a.
2.48% p.a. Comparison rate
2.84% p.a.
2.62% p.a. Comparison rate
Your Way Plus Variable Investment Loan packaged
3.64% p.a.
3.95% p.a. Comparison rate
4.04% p.a.
4.08% p.a. Comparison rate
1 Year Your Way Plus Fixed Investment Loan (Min Deposit 40%)
4.29% p.a.
3.3% p.a. Comparison rate
4.69% p.a.
3.32% p.a. Comparison rate
1 Year Your Way Plus Fixed Investment Loan (Min Deposit 20%)
4.29% p.a.
3.39% p.a. Comparison rate
4.69% p.a.
3.41% p.a. Comparison rate
2 Year Your Way Plus Fixed Investment Loan (Min Deposit 40%)
4.69% p.a.
3.49% p.a. Comparison rate
5.09% p.a.
3.54% p.a. Comparison rate
1 Year Your Way Plus Fixed Investment Loan (Min Deposit 10%)
4.29% p.a.
3.57% p.a. Comparison rate
4.69% p.a.
3.59% p.a. Comparison rate
2 Year Your Way Plus Fixed Investment Loan (Min Deposit 20%)
4.69% p.a.
3.57% p.a. Comparison rate
5.09% p.a.
3.62% p.a. Comparison rate
2 Year Your Way Plus Fixed Investment Loan (Min Deposit 10%)
4.69% p.a.
3.74% p.a. Comparison rate
5.09% p.a.
3.79% p.a. Comparison rate
3 Year Your Way Plus Fixed Investment Loan (Min Deposit 40%)
5.09% p.a.
3.74% p.a. Comparison rate
5.49% p.a.
3.82% p.a. Comparison rate
3 Year Your Way Plus Fixed Investment Loan (Min Deposit 20%)
5.09% p.a.
3.82% p.a. Comparison rate
5.49% p.a.
3.89% p.a. Comparison rate
3 Year Your Way Plus Fixed Investment Loan (Min Deposit 10%)
5.09% p.a.
3.97% p.a. Comparison rate
5.49% p.a.
4.04% p.a. Comparison rate
4 Year Your Way Plus Fixed Investment Loan (Min Deposit 40%)
5.99% p.a.
4.23% p.a. Comparison rate
6.39% p.a.
4.32% p.a. Comparison rate
4 Year Your Way Plus Fixed Investment Loan (Min Deposit 20%)
5.99% p.a.
4.3% p.a. Comparison rate
6.39% p.a.
4.39% p.a. Comparison rate
4 Year Your Way Plus Fixed Investment Loan (Min Deposit 10%)
5.99% p.a.
4.43% p.a. Comparison rate
6.39% p.a.
4.52% p.a. Comparison rate
1 Year Your Way Fixed Investment Loan (Min Deposit 5%)
4.44% p.a.
4.62% p.a. Comparison rate
4.84% p.a.
4.65% p.a. Comparison rate
5 Year Your Way Plus Fixed Investment Loan (Min Deposit 40%)
6.29% p.a.
4.6% p.a. Comparison rate
6.69% p.a.
4.7% p.a. Comparison rate
2 Year Your Way Fixed Investment Loan (Min Deposit 5%)
4.84% p.a.
4.68% p.a. Comparison rate
5.24% p.a.
4.75% p.a. Comparison rate
5 Year Your Way Plus Fixed Investment Loan (Min Deposit 20%)
6.29% p.a.
4.66% p.a. Comparison rate
6.69% p.a.
4.76% p.a. Comparison rate
Your Way Standard Variable Investment Loan (Min Deposit 5%)
4.59% p.a.
4.63% p.a. Comparison rate
4.99% p.a.
4.79% p.a. Comparison rate
5 Year Your Way Plus Fixed Investment Loan (Min Deposit 10%)
6.29% p.a.
4.77% p.a. Comparison rate
6.69% p.a.
4.88% p.a. Comparison rate
3 Year Your Way Fixed Investment Loan (Min Deposit 5%)
5.24% p.a.
4.81% p.a. Comparison rate
5.64% p.a.
4.91% p.a. Comparison rate
4 Year Your Way Fixed Investment Loan (Min Deposit 5%)
6.14% p.a.
5.18% p.a. Comparison rate
6.54% p.a.
5.3% p.a. Comparison rate
5 Year Your Way Fixed Investment Loan (Min Deposit 5%)
6.44% p.a.
5.43% p.a. Comparison rate
6.84% p.a.
5.57% p.a. Comparison rate
Your Way Plus Variable Home Loan packaged
2.84% p.a.
3.17% p.a. Comparison rate
n/a

Home loan repayment calculator

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

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With a repayment type

Borrow amount

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Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 2.14%

Total interest payable

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Total loan repayments

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Contact a mortgage broker

UniBank homeloans are vailable through brokers who can help find the right loan and manage your application at no charge.

Lee HAO
5.0
326 Reviews
Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.
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CRN: 484532

Learn more about home loans

Cash or mortgage – which is more suitable to buy an investment property?

Deciding whether to buy an investment property with cash or a mortgage is a matter or personal choice and will often depend on your financial situation. Using cash may seem logical if you have the money in reserve and it can allow you to later use the equity in your home. However, there may be other factors to think about, such as whether there are other debts to pay down and whether it will tie up all of your spare cash. Again, it’s a personal choice and may be worth seeking personal advice.

A mortgage is a popular option for people who don’t have enough cash in the bank to pay for an investment property. Sometimes when you take out a mortgage you can offset your loan interest against the rental income you may earn. The rental income can also help to pay down the loan.

What are the features of home loans for expats from Westpac?

If you’re an Australian citizen living and working abroad, you can borrow to buy a property in Australia. With a Westpac non-resident home loan, you can borrow up to 80 per cent of the property value to purchase a property whilst living overseas. The minimum loan amount for these loans is $25,000, with a maximum loan term of 30 years.

The interest rates and other fees for Westpac non-resident home loans are the same as regular home loans offered to borrowers living in Australia. You’ll have to submit proof of income, six-month bank statements, an employment letter, and your last two payslips. You may also be required to submit a copy of your passport and visa that shows you’re allowed to live and work abroad.

When do mortgage payments start after settlement?

Generally speaking, your first mortgage payment falls due one month after the settlement date. However, this may vary based on your mortgage terms. You can check the exact date by contacting your lender.

Usually your settlement agent will meet the seller’s representatives to exchange documents at an agreed place and time. The balance purchase price is paid to the seller. The lender will register a mortgage against your title and give you the funds to purchase the new home.

Once the settlement process is complete, the lender allows you to draw down the loan. The loan amount is debited from your loan account. As soon as the settlement paperwork is sorted, you can collect the keys to your new home and work your way through the moving-in checklist.

Why does Westpac charge an early termination fee for home loans?

The Westpac home loan early termination fee or break cost is applicable if you have a fixed rate home loan and repay part of or the whole outstanding amount before the fixed period ends. If you’re switching between products before the fixed period ends, you’ll pay a switching break cost and an administrative fee. 

The Westpac home loan early termination fee may not apply if you repay an amount below the prepayment threshold. The prepayment threshold is the amount Westpac allows you to repay during the fixed period outside your regular repayments.

Westpac charges this fee because when you take out a home loan, the bank borrows the funds with wholesale rates available to banks and lenders. Westpac will then work out your interest rate based on you making regular repayments for a fixed period. If you repay before this period ends, the lender may incur a loss if there is any change in the wholesale rate of interest.

When does Commonwealth Bank charge an early exit fee?

When you take out a fixed interest home loan with the Commonwealth Bank, you’re able to lock the interest for a particular period. If the rates change during this period, your repayments remain unchanged. If you break the loan during the fixed interest period, you’ll have to pay the Commonwealth Bank home loan early exit fee and an administrative fee.

The Early Repayment Adjustment (ERA) and Administrative fees are applicable in the following instances:

  • If you switch your loan from fixed interest to variable rate
  • When you apply for a top-up home loan
  • If you repay over and above the annual threshold limit, which is $10,000 per year during the fixed interest period
  • When you prepay the entire outstanding loan balance before the end of the fixed interest duration.

The fee calculation depends on the interest rates, the amount you’ve repaid and the loan size. You can contact the lender to understand more about what you may have to pay. 

How can I negotiate a better home loan rate?

Negotiating with your bank can seem like a daunting task but if you have been a loyal customer with plenty of equity built up then you hold more power than you think. It’s highly likely your current lender won’t want to let your business go without a fight so if you do your research and find out what other banks are offering new customers you might be able to negotiate a reduction in interest rate, or a reduction in fees with your existing lender.

What is an ombudsman?

An complaints officer – previously referred to as an ombudsman -looks at formal complaints from customers about their credit providers, and helps to find a fair and independent solution to these problems.

These services are handled by the Australian Financial Complaints Authority, a non-profit government organisation that addresses and resolves financial disputes between customers and financial service providers.

How much of the RBA rate cut do lenders pass on to borrowers?

When the Reserve Bank of Australia cuts its official cash rate, there is no guarantee lenders will then pass that cut on to lenders by way of lower interest rates. 

Sometimes lenders pass on the cut in full, sometimes they partially pass on the cut, sometimes they don’t at all. When they don’t, they often defend the decision by saying they need to balance the needs of their shareholders with the needs of their borrowers. 

As the attached graph shows, more recent cuts have seen less lenders passing on the full RBA interest rate cut; the average lender was more likely to pass on about two-thirds of the 25 basis points cut to its borrowers.  image002

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

How does Real Time Ratings work?

Real Time RatingsTM looks at your individual home loan requirements and uses this information to rank every applicable home loan in our database out of five.

This score is based on two main factors – cost and flexibility.

Cost is calculated by looking at the interest rates and fees over the first five years of the loan.

Flexibility is based on whether a loan offers features such as an offset account, redraw facility and extra repayments.

Real Time RatingsTM also includes the following assumptions:

  • Costs are calculated on the current variable rate however they could change in the future.
  • Loans are assumed to be principal and interest
  • Fixed-rate loans with terms greater than five years are still assessed on a five-year basis, so 10-year fixed loans are assessed as being only five years’ long.
  • Break costs are not included.

What fees are there when buying a house?

Buying a home comes with ‘hidden fees’ that should be factored in when considering how much the total cost of your new home will be. These can include stamp duty, title registration costs, building inspection fees, loan establishment fee, lenders mortgage insurance (LMI), legal fees and bank valuation costs.

Tip: you can calculate your stamp duty costs as well as LMI in Rate City mortgage repayments calculator

Some of these fees can be taken out of the mix, such as LMI, if you have a big enough deposit or by asking your lender to waive establishment fees for your loan. Even so, fees can run into the thousands of dollars on top of the purchase price.

Keep this in mind when deciding if you are ready to make the move in to the property market.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

How can I avoid mortgage insurance?

Lenders mortgage insurance (LMI) can be avoided by having a substantial deposit saved up before you apply for a loan, usually around 20 per cent or more (or a LVR of 80 per cent or less). This amount needs to be considered genuine savings by your lender so it has to have been in your account for three months rather than a lump sum that has just been deposited.

Some lenders may even require a six months saving history so the best way to ensure you don’t end up paying LMI is to plan ahead for your home loan and save regularly.

Tip: You can use RateCity mortgage repayment calculator to calculate your LMI based on your borrowing profile

What is upfront fee?

An ‘upfront’ or ‘application’ fee is a one-off expense you are charged by your bank when you take out a loan. The average start-up fee is around $600 however there are over 1,000 loans on the market with none at all. If the loan you want does include an application fee, try and negotiate to have it waived. You’ll be surprised what your bank agrees to when they want your business.