UNITY BANK
Diamond Fair Rate Personal Loan Varibale P&I
UNITY BANK · pers loans
Provider last updated this product 2026-06-11.
Go to provider
You'll complete your application on
UNITY BANK's website. Confirm the rate and fees with them
before applying.
Our Fair Rate Personal Loan can help to fund or partially fund holidays and travel, renovations, wedding plans and debt consolidation. The rate is guided by your credit worthiness and borrowing histor
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 7.99% | 8.00% | UNCONSTRAINED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| The rate on our Fair Rate Personal Loan is guided by your credit worthiness - so you may be rewarded with a better rate based on your borrowing history. The comparison rate is based on unsecured $30,000 loan over 5 years. It refers to the examples given and may not include all fees and charges. Different tiers, fees or other loan amounts might result in a different comparison rate. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| LOAN_ESTABLISHMENT_FEE_-_PERSONAL_LOAN_(NEW) | UPFRONT | $150 | A fee charged to set up a new personal loan |
| LOAN_ESTABLISHMENT_FEE_-_PERSONAL_LOAN_(TOP_UP) | UPFRONT | $100 | A fee charged to vary the value of an existing personal loan |
| LATE_PAYMENT_FEE | EVENT | $15 | A fee charged when you don't make your minimum monthly payment, plus any overdue amount |
| DEFAULT_NOTICE_FEE | EVENT | $50 | A fee charged if you default on your repayments and we issue a default notice |
| PAPER_STATEMENT_FEE | PERIODIC | $2 | A fee charged to cover the cost of producing and sending paper statements |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-17 | 2026-09-30 (current) | 7.99% | 8.00% |
Published figures as captured daily since 2026-07-17. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- 1 to 7 years
- Flexible repayment options weekly, fortnightly or monthly
- You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions
- Increase your existing loan for an effective way to get access to extra funds
- The interest rate on your loan is guided by your creditworthiness, potentially rewarding you with a better rate based on your borrowing history
Who can apply
- min age - 18Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older
- employment status - Employed
- residency status - Permanent ResidentYou must be an Australian citizen or permanent resident to apply
- otherApplications for credit are subject to eligibility and suitability criteria and normal credit approval process.
Limits
- min balance - 1000.00
- max balance - 90000.00
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-06-11T15:10:07.000+10:00 · Product ID: L19_DIAMFRPL_PRIN