UNITY BANK
Vic Homebuyer Fund
UNITY BANK · residential mortgages
Provider last updated this product 2026-09-30.
Go to provider
You'll complete your application on
UNITY BANK's website. Confirm the rate and fees with them
before applying.
Our home loan for members in Victoria who meet the eligibility criteria for the Victorian Homebuyer Fund.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 5.90% | 5.93% | 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 |
| 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 |
| PEXA_SERVICE_FEE | UPFRONT | $0 | A fee charged to cover third party costs associated with the establishment of your mortgage |
| 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 |
| 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) | 5.90% | 5.93% |
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.
- Flexible repayment options weekly, fortnightly or monthly
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
- residency status - Permanent ResidentYou must be an Australian citizen or permanent resident to apply
- employment status - Employed
- otherApplications for credit are subject to the Bank?s eligibility and suitability criteria and normal credit approval process.
- otherMust reside in Victoria, purchasing principal place of residence and meet the Victorian Homebuyer Fund eligibility criteria to receive a financial contribution towards the purchase of a property (up to 25%) in exchange for a proportional interest (share).
Limits
- opening balance - 0.00
- min balance - 950000.00$950,000 in metropolitan Melbourne and Geelong or $700,000 in regional Australia
- max lvr - 0.80
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: 2026-09-30T10:25:03.000+10:00 · Product ID: L37_VIC_OO_PRIN