Protected Action Clause1

It is all about strength in unity

Involved in a 'protected industrial action'?

You may be eligible to

  • get the benefit of our ‘protected action clause'1 in our loan contracts
  • postpone your loan repayments for up to 12 months during the protected industrial action (interest accrues)2
  • and relieve worry and pressure on personal and family finances


Community Support Loan1,2

Financial support when you and your family need it most

  • Special personal loan (unsecured)
  • Up to $10,000
  • Terms up to 10 years and repayment deferred up to 3 months2
  • Relieve financial hardship (recognised industrial action or community calamity)
  • Highly competitive personal loan interest rates (currently 5.25% pa3 comparison rate 5.25% pa4)
  • Waived Unity Bank establishment fee and express approval


Family Home Guarantee5

Eligible single natural or adoptive parents of at least one dependent and eligible single legal guardians of at least one dependent, such as aunts, uncles or grandparents purchase their own family home.6

  • Buy with a deposit from just 2% and no LMI through the Family Home Guarantee7
  • Assistance and support in helping you qualify for the Australian Government's Family Home Guarantee
  • Waived Unity Bank establishment, valuation, settlement and legal fees8
  • Express home loan service


First Home Guarantee9

A great first break for eligible home buyers with thousands of dollars in savings available!

  • Rates starting as low as 6.24%9 (comparison rate 6.24% pa10)
  • Waived Unity Bank establishment, valuation, settlement and legal fees8
  • Buy with a deposit from just 5% and no LMI through the First Home Guarantee7
  • Protected Action Clause protection1


Home Loan Refinance Offer1,2

Refinance for maximum benefit and save on interest too!

  • Special home loan refinance offer for union members2
  • Easy express loan approval
  • Rates starting as low as 6.49% pa* (comparison rate 6.81% pa10)
  • Waived Unity Bank establishment, valuation, settlement and legal fees**
  • Added benefit and protection of Unity Bank’s unique Protected Action Clause1

Credit eligibility criteria, terms and conditions, fees and charges apply. All information including interest rate is subject to change.

1. Protected Action Clause available for all Unity Bank members while involved in “protected industrial action” under the Fair Work Act, 2009 (Cth). Members with loans contracted before 13/9/21, must first apply to Unity Bank to vary their loan contract to include the Protected Action Clause. Prior to becoming involved in a protected industrial action Member must not be in default under their loan contract. Member must request Unity Bank to postpone repayments in part or in full.

2. Loan deferment option, community support and refinance offer available at the discretion of the Bank and subject to approval. Interest accrues and is capitalised to the loan throughout the approved loan repayment deferral period.

3. Interest rate shown applies to an unsecured personal loan rate.

4 Comparison Rate is calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments. These rates are for unsecured loans only.

5. Only available for eligible single parents or eligible single legal guardians of at least one dependent, including those who are not first home buyers. Interest rate shown applies to a First Home Buyer Advantage Plus Variable Rate P&I Owner Occupied (LVR 60% and below). Minimum home loan balance $150,000. Not available for top ups or internal product switches. Loan to Value Ratio (LVR), is the ratio of money you borrow compared to the value of the property used as security, as determined by the Bank.

6. Documentation supporting guardianship may be required.

7. The First Home Guarantee and Family Home Guarantee are not cash payments or deposits for your home loan.

8. Other fees and charges may apply and will be specified at the time the loan is approved. Valuation fee waived for one property only.

9. Only available for eligible first home buyers or previous home owners who haven't owned a property in the ten years prior to the date they execute their home loan. Interest rate shown applies to a First Home Buyer Advantage Plus Variable Rate P&I Owner Occupied (LVR 60% and below). Minimum home loan balance $150,000. Not available for top ups or internal product switches. Loan to Value Ratio (LVR), is the ratio of money you borrow compared to the value of the property used as security, as determined by the Bank.

10. Comparison Rate is calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only. WARNING: These Comparison Rates are 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. Interest rates are on a per annum basis.

* Interest rate shown applies to an Advantage Plus Variable Rate P&I Owner Occupied (LVR 60% and below).

** Other fees and charges may apply and will be specified at the time the loan is approved. Valuation fee is waived for one property up to $360.