UNITY BANK
Essential Worker Home Loan - Owner Occupier
UNITY BANK · residential mortgages
Provider last updated this product 2026-09-30.
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You'll complete your application on
UNITY BANK's website. Confirm the rate and fees with them
before applying.
A variable rate home loan specifically designed to support essential workers to own their own home.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 5.80% | 5.85% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| LOAN_SWITCH_FEE | EVENT | $200 | A fee charged to switch your loan account from one type to another |
| VALUATION_FEE | UPFRONT | - | A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased |
| TITLE_SEARCH_FEE | UPFRONT | - | A third party cost for a Title Search to determine any interests in a property |
| REGISTRATION_FEES | UPFRONT | - | A third party cost for registration of mortgage |
| STAMP_DUTY_(MORTGAGE) | UPFRONT | - | The tax charged on written documents and certain transactions imposed by the state government, such as mortgages and property transfers |
| PEXA_SERVICE_FEE | UPFRONT | $0 | A fee charged to cover third party costs associated with the establishment of your mortgage |
| LENDERS_MORTGAGE_INSURANCE | UPFRONT | $0 | Third party cost for insurance that protects the lender in the event that the borrower defaults on their home or investment loan |
| MORTGAGE_ADMINISTRATION_FEE | EVENT | $150 | A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan |
| CONSENT_FEE | EVENT | $300 | A fee charged for consent to subdivide, substitute, lease, cross-collateralise or any other matter where we need to reassess the loan in any way |
| MORTGAGE_DISCHARGE_FEE | EXIT | $300 | A fee charged if you repay your loan and request us to discharge your mortgage, includes our costs and is in addition to any costs incurred by us from external parties |
| MORTGAGE_DISCHARGE_-_REGISTRATION_FEE | EXIT | $0 | A fee charged to cover third party costs associated with the discharge of your mortgage |
| MORTGAGE_DISCHARGE_-_PEXA_SERVICE_FEE | EXIT | - | A fee charged to cover third party costs associated with the discharge of your mortgage |
| 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 |
| SECURITY_GUARANTOR_FEE | UPFRONT | $200 | Payable if a guarantor is listed on the loan schedule. |
| LOAN_ESTABLISHMENT_FEE_-_MORTGAGE_LOAN_(TOP_UP) | UPFRONT | $200 | A fee charged to vary the value of an existing home loan |
| LOAN_ESTABLISHMENT_FEE_-_SECOND_MORTGAGE_LOAN_(TOP_UP) | UPFRONT | $200 | A fee charged for consent to a subsequent mortgage to vary the value of an existing home loan |
| RE-DOCUMENTATION_FEE | EVENT | $250 | A fee charged if you request to make a change such as include a Fixed Rate Lock fee after your Loan Offer & Contract documentation has been provided, but prior to loan settlement. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 5.80% | 5.85% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- 30 years
- You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.
- Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate or switching from Interest Only to Principal and Interest repayments.
- Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.
- Lenders Mortgage Insurance will be required if you borrow over 80% of the value of your home (or borrow an additional amount on your existing mortgage that brings the overall loan amount over 80% LVR). LMI is a one-off cost added to the total loan amount and is not a bank fee or an establishment fee.
- Flexible repayment options weekly, fortnightly or monthly
- This loan can be used for the purposes of owner occupied property purchases, refinancing your existing home loan, purchasing of vacant land (non-commercial), personal needs, off the plan purchases and building/construction purposes.
- Up to $1,000 towards third party costs will be wavied (including valuation, registration, mortgage preparation and title search).
- No establishment fee is charged.
Who can apply
- natural person
- min age - 18Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older
- otherAvailable when at least one borrower meets essential worker criteria as a frontline ambulance officer, paramedic, firefighter, police officer, corrective services officer, nurse, aged care or disability worker, teacher, early childhood educator, defence or military personnel. For new security or new refinance applications only. Not available for existing G&C Mutual Bank Loans.
- employment status - Employed
- residency status - Permanent ResidentYou must be an Australian citizen or permanent resident to apply
- otherApplications for credit are subject to the Bank s eligibility and suitability criteria and normal credit approval process.
Limits
- opening balance - 100000.00
- max balance - 5000000.00
- max lvr - 0.95Maximum LVR for this product is 95% with LMI
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: 2026-09-30T10:26:59.000+10:00 · Product ID: L35_EW_OCC_PRIN