Membership Eligibility and Lending Criteria
Eligibility criteria apply to join the Bank. Fees and charges and lending criteria apply.
Interest rates effective 26 April 2019. Rates quoted and all rates subject to change. Rates quoted above applicable to Owner Occupied Loans only with Principal and Interest repayments. Minimum loan amount is $25,000. For all Fixed rate home loans, at the end of the Fixed rate period the interest rate reverts to the Flexi Choice Loan variable annual percentage rate.
Terms and conditions for the mortgage offset facility are set out in our Consumer lending terms and conditions and Conditions of use Accounts and access. For more information refer to the FAQ section under Offset facility at unibank.com.au.
Fixed Rate Lock
The Fixed Rate Lock commences from the date of the application and is locked in for 90 days from the date of application. A Fixed Rate Lock fee of 0.15% of the total amount financed applies and is payable regardless of whether the interest rate at the time of settlement has increased or decreased.
Lenders Mortgage Insurance
Lenders Mortgage Insurance, or LMI, insures the lender in the event that the borrower defaults on the mortgage. It does not insure the borrower. Borrowers must still meet lending eligibility criteria for both the lender and the LMI provider.
Experts Choice Award 2018
Mozo Pty Ltd. ABN 68 128 199 208. AFSL & Australian Credit Licence 328141 offers consumers a comprehensive product comparison service across the retail banking market. The Bank does not pay Mozo to be in awards selection nor do we receive any commission from Mozo for any award received.