Unity Bank home loan repayment calculator

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

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 2.69%

Total interest payable

$0

Total loan repayments

$0

Unity Bank home loans rates

Product
Advertised Rate

2.69

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

2.75

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

2.99

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

3.05

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.33

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

3.39

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

2.88

% p.a

Fixed - 5 years

Total estimated upfront fees
$500
Comparison Rate*

3.78

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.35

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

3.78

% p.a

Ongoing fee
$350 annually
Go to site
More details
Product
Advertised Rate

2.24

% p.a

Fixed - 3 years

Total estimated upfront fees
$500
Comparison Rate*

3.81

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

2.24

% p.a

Fixed - 2 years

Total estimated upfront fees
$500
Comparison Rate*

3.97

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.33

% p.a

Fixed - 3 years

Total estimated upfront fees
$500
Comparison Rate*

4.09

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.19

% p.a

Fixed - 5 years

Total estimated upfront fees
$500
Comparison Rate*

4.12

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

2.24

% p.a

Fixed - 1 year

Total estimated upfront fees
$500
Comparison Rate*

4.14

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.79

% p.a

Fixed - 5 years

Total estimated upfront fees
$500
Comparison Rate*

4.14

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.33

% p.a

Fixed - 2 years

Total estimated upfront fees
$500
Comparison Rate*

4.16

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

4.41

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.19

% p.a

Ongoing fee
$0 annually
Go to site
More details
Product
Advertised Rate

2.69

% p.a

Fixed - 3 years

Total estimated upfront fees
$500
Comparison Rate*

4.20

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.33

% p.a

Fixed - 1 year

Total estimated upfront fees
$500
Comparison Rate*

4.24

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.49

% p.a

Fixed - 5 years

Total estimated upfront fees
$500
Comparison Rate*

4.26

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.54

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.26

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.09

% p.a

Fixed - 3 years

Total estimated upfront fees
$500
Comparison Rate*

4.31

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

4.25

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.31

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

2.69

% p.a

Fixed - 2 years

Total estimated upfront fees
$500
Comparison Rate*

4.36

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.09

% p.a

Fixed - 2 years

Total estimated upfront fees
$500
Comparison Rate*

4.43

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

4.41

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.47

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.10

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.52

% p.a

Ongoing fee
$350 annually
Go to site
More details
Product
Advertised Rate

2.69

% p.a

Fixed - 1 year

Total estimated upfront fees
$500
Comparison Rate*

4.53

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

3.09

% p.a

Fixed - 1 year

Total estimated upfront fees
$500
Comparison Rate*

4.57

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.63

% p.a

Variable

Total estimated upfront fees
$200
Comparison Rate*

4.65

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.60

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.68

% p.a

Ongoing fee
$350 annually
Go to site
More details
Product
Advertised Rate

4.63

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.69

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

4.90

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.72

% p.a

Ongoing fee
$0 annually
Go to site
More details
Product
Advertised Rate

5.40

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.81

% p.a

Ongoing fee
$0 annually
Go to site
More details
Product
Advertised Rate

4.79

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.85

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

5.14

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

4.89

% p.a

Ongoing fee
$0
Go to site
More details
Product
Advertised Rate

5.30

% p.a

Variable

Total estimated upfront fees
$1153
Comparison Rate*

5.06

% p.a

Ongoing fee
$0
Go to site
More details

Learn more about home loans

How is interest charged on a reverse mortgage from IMB Bank?

An IMB Bank reverse mortgage allows you to borrow against your home equity. You can draw down the loan amount as a lump sum, regular income stream, line of credit or a combination. The interest can either be fixed or variable. To understand the current rates, you can check the lender’s website.

No repayments are required as long as you live in the home. If you sell it or move to a senior living facility, the loan must be repaid in full. In some cases, this can also happen after you have died. Generally, the interest rates for reverse mortgages are higher than regular mortgage loans.

The interest is added to the loan amount and it is compounded. It means you’ll pay interest on the interest you accrue. Therefore, the longer you have the loan, the higher is the interest and the amount you’ll have to repay.

What do people do with a Macquarie Bank reverse?

There are a number of ways people use a Macquarie Bank reverse mortgage. Below are some reasons borrowers tend to release their home’s equity via a reverse mortgage:

  • To top up superannuation or pension income to pay for monthly bills;
  • To consolidate and repay high-interest debt like credit cards or personal loans;
  • To fund renovations, repairs or upgrades to their home
  • To help your children or grandkids through financial difficulties. 

While there are no limitations on how you can use a Macquarie reverse mortgage loan, a reverse mortgage is not right for all borrowers. Reverse mortgages compound the interest, which means you end up paying interest on your interest. They can also affect your entitlement to things like the pension It’s important to think carefully, read up and speak with your family before you apply for a reverse mortgage.

How to use the ME Bank reverse mortgage calculator?

You can access the equity in your home to help you fund your needs during your senior years. A ME Bank reverse mortgage allows you to tap into the equity you’ve built up in your home while you continue living in your house. You can also use the funds to pay for your move to a retirement home and repay the loan when you sell the property.

Generally, if you’re 60 years old, you can borrow up to 15 per cent of the property value. If you are older than 75 years, the amount you can access increases to up to 30 per cent. You can use a reverse mortgage calculator to know how much you can borrow.

To take out a ME Bank reverse mortgage, you’ll need to provide information like your age, type of property – house or an apartment, postcode, and the estimated market value of the property. The loan to value ratio (LVR) is calculated based on your age and the property’s value.

How to apply for a pre-approval home loan from Bendigo Bank?

Applying for pre-approval on your home loan gives you confidence in your ability to secure finance while looking at potential new homes. You can get a free and personalised pre-approval home loan from Bendigo Bank in just a few minutes, without any credit checks or paperwork. 

Bendigo Bank offers pre-approval for home loans that allow you to understand the home loan size you may be able to get before looking for a new home. 

With the pre-approval, Bendigo Bank provides an estimate of your borrowing power. This figure incorporates stamp duty, lenders mortgage insurance (LMI) and any first home buyer incentives you may be eligible for. You may also qualify for the First Home Loan Deposit Scheme initiative, depending on your circumstances. 

To apply for a pre-approval on your home loan from Bendigo Bank, all you need to do is fill in a smart form. You could also contact the bank directly on 1300 236 344.

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

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.

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.

Do the big four banks have guarantor home loans?

Yes, ANZ, Commonwealth Bank, NAB and Westpac all offer guarantor home loans. These mortgages are also offered by many other banks, credit unions and building societies.

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.

What are the benefits of getting a pre-approved home loan from Citibank?

While hunting for your dream home, getting a Citibank home loan pre-approval can have multiple benefits, which include:

  • You'll have an idea on your personal price range, which can save time to find your home.
  • With a pre-approved home loan, you may find yourself with more financial control to better decide how much you can spend.
  • A Citibank pre-approved home loan is a commitment  by a lender that signals you're ready to jump into the property market.

You can apply for pre-approval by providing basic details, such as name, email, and phone number on the bank’s website. Alternatively, you can contact the bank on 1300 361 922 or find a home lending officer on the website.

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

Where can I get all the information about an ANZ first home buyer’s loan?

As a first home buyer, you may require help and hand-holding, and as such ANZ has the buying your first home section on its website full of important information. ANZ also has a form in this section you can fill out to get a free consultation from an ANZ First Home Coach and create your own plan for buying your first home. This coach will help you understand where your current income is being spent and plan for your home loan repayments. You’ll get a clear picture of the costs involved in purchasing a property and how to budget or save for these costs. The coach will help you understand different deposit options and manage your accounts to enhance your savings.

There are three types of ANZ first home loans - Standard Variable, Fixed, and Equity Manager. The features, interest rates, and terms for each are different, and you can compare them here.

When they apply for an ANZ home loan, first home buyers can also get guidance on applying for the First Home Owner Grant (FHOG). This is a one-off government grant that may be available to you when you’re buying your first home. The eligibility criteria for FHOG differs between the different states and territories, which is why it’s helpful to have expert advice when applying.