Owner Occupied | Principal & Interest
Take control of your first home purchase with our low-interest rate variable Home Loan. Everything you need is here to get you started, making it easier than ever to begin your home ownership journey.
Special Offer: For a limited time, we have a number of home loan special offers* featuring a low interest rate and valuation fees waived up to $1000. It all adds up to simply great value.
Helping you buy your first home with a smaller deposit
We’re proud to be working alongside Housing Australia, providing support for buying a home through the Australian Government 5% Deposit Scheme. Under the Scheme, you don’t need to save a 20% deposit or pay LMI. Buy sooner, with a smaller deposit.
Check your eligibility on the Housing Australia website. If you're ineligible for the Scheme, we'll work with you to explore other options to help you get into your first home.
More information to help you on your journey
We understand that buying a home of your own, especially your first home, is one of the most significant financial decisions you will ever make, and the first home buying process can seem daunting. That's why we developed this guide, Buying your first home, to help first home buyers get started. By defining key terms to eliminate confusing jargon, information and providing additional information to help those looking to break into the housing market.
Whether you're saving for a deposit, seeking home loan pre-approval, or just need support navigating the process, we're ready to help you make your move.
| Variable Rates | Principal & Interest | |
| Interest Rate | Comparison Rate | |
| First Home Buyer Loan | 4.99% p.a. | 5.04% p.a. |
| Features | |
| Minimum loan amount | No minimum |
| Maximum LVR | 80% |
| Maximum LVR with Lender Mortgage Insurance | 95% (subject to approval)3 |
| Get Ahead Start Guarantor (borrow up to 100% LVR) | Yes |
| Maximum loan term | 40 years4 |
| Interest calculation | calculated daily, charged monthly |
| Repayment type | Principal & Interest only |
| Repayment frequency | Weekly, fortnightly or monthly |
| Establishment fee | $0 |
| Monthly loan fee | $0 |
| Extra repayments | Unlimited |
| Interest offset | Yes |
| Redraw | Yes5 |
| Loan preparation fees | At cost |
| Increase/top up | Yes |
Whether you need help with budgeting, financing, or understanding the home buying process, we are here to help you with every step of the way and make informed decisions. Submit your enquiry now and take the first step towards your dream home.
With high property prices it can be overwhelming for first home buyers to save for a deposit. However, there is a way to make this more achievable with the assistance of those closest to you.
Discover how the Get Ahead Start Guarantor option can help turn your dream of homeownership into a reality.
"We were very pleased with the speed and personalised service we received from the team at Unity Bank in helping us purchase our first home. We also found their products to be very competitive. Unity Bank has more of a family feel to it than a corporation. We have already recommended them to others, as we are very happy with them."
Emanuel, Member
For more related frequently asked questions, visit our FAQs page.
3 Unless approved under the Australian Government 5% Deposit Scheme and Victorian Homebuyer Fund, 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). No top up available under the Australian Government 5% Deposit Scheme and Victorian Homebuyer Fund.
4 Available when one or more applicants are aged 30 years or less. Maximum loan term 30 years under Victorian Homebuyer Fund. Maximum loan term of up to 30 years (plus up to 3 years to build a new home) under the Home Guarantee Scheme.
5 Minimum redraw amount of $100 applies.
Eligibility criteria, terms and conditions, fees and charges apply.
