CommBank's digital lending arm, Unloan, has reduced select variable home loan rates by five basis points for new customers, covering both owner-occupiers and investors.

Unloan revealed the rate reduction only days before the Reserve Bank convenes again over Monday and Tuesday.

All of the big four banks, apart from Westpac, expect the RBA to keep rates on hold through 2025, with the next cut deemed unlikely before early 2026.

Unloan slashes variable home loan rates

Variable rates at the big bank-owned digital lender now start at 5.19% p.a. (5.10% comparison rate*) - a special offer advertised to new owner-occupiers with loan-to-value ratios (LVRs) of up to 80%.

Although modest, the 5-basis-point cut positions Unloan among the most competitive variable home loan rates on the market.

Here's a look at Unloan's latest variable rate movements:

Borrower LVR New interest rate Comparison rate*
Owner-occupier ≤80 5.19% 5.10%
Owner-occupier ≤90 5.49% 5.40%
Investor ≤80 5.39% 5.30%
Investor ≤90 5.69% 5.60%

Unloan offers a 0.01% p.a. loyalty discount in the first year, with an additional 0.01% p.a. discount each year up to a total of 0.30% p.a. over the life of the loan.

This unique system is reflected in Unloan's comparison rates, which are lower than its headline rates, rewarding borrowers the longer they hold their mortgage.

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LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.44% p.a.
5.69% p.a.
$2,820
Principal & Interest
Variable
$250
$250
80%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Offset
  • Redraw
  • More details
5.19% p.a.
5.10% p.a.
$2,742
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • A low-rate variable home loan from a 100% online lender.
  • Backed by the Commonwealth Bank.
 Disclosure
5.50% p.a.
5.51% p.a.
$2,839
Principal & Interest
Variable
$0
$0
80%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning

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