Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .
UniBank is a member-owned bank which resulted from the merger between University Staff Credit Society Limited (Unicredit) and Teachers Mutual Bank Limited in 2015. From its beginnings in 1964 as Unicredit until today, UniBank continues to exist for the mutual benefit of its customers.
The bank’s customers are also its shareholders (so they have a say in how it is run) and have access to the RediATM network of ATMs across Australia.
UniBank has office locations in West Perth, Curtin University, Murdoch University, Parramatta, and West End Brisbane. You can also bank with them at Teachers Mutual Bank and Firefighters Mutual Bank offices in NSW, WA and ACT.
UniBank is committed to continuously creating and delivering exceptional lifetime banking experiences exclusively for staff, students and graduates of Australian universities and their families. The bank does this by combining the latest technologies, financial products and services with outstanding personalised service based on membership and mutuality.
The bank focuses on five pillars of sustainable business practices being:
- Good governance
- Operational excellence
- Sound financial performance
- Excellent member relations
- Environmental and community responsibility
UniBank offers the following home loan products: fixed rate and variable rate home loans that are available both for owner-occupied and investor home loans, plus the Solutions Plus home loan. And aside from home loans, the bank also offers the following product ranges: bank accounts, credit card, personal loans, financial planning, insurance products, mobile wallet, and travel-related products.
To take out a home loan with UniBank, you will need to be a member first. To do that, you need to be 18 years old or above, an Australian citizen or permanent resident, a current or retired employee, a graduate, post-graduate or current student of an Australian university or a family member of an existing member. You will only pay a small fee to become a shareholder when you sign up.
When you apply for a home loan, you will need to provide the following:
- Details of your employment – including payslips or a work contract
- Details of any other income – such as rental properties or shares
- Details of any liabilities or debts you have – including current credit cards or other loans
- Your personal details
Applications can be made online with the support of one of UniBank’s home loan specialists. Before applying for a home loan, it is advisable that you think about how much money you could borrow given your financial situation and income.