CBA’s digital brainchild Unloan scoops top home loan award again in 2024

By Kylie Moss · · 1 min read
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If there’s one home loan lender more and more Aussies are hearing about, it’s the new digital lender Unloan, built by CommBank. 

And for good reason. Between seriously competitive rates, zero fees , handy features like its loyalty discount, and as little as a speedy 10 min online application process, Unloan has become a force to be reckoned with. 

The Mozo expert judges think so too, as Unloan has taken out a Low Cost Home Loan award for the second year running in the  Mozo Experts Choice Awards^,   which is an annual head-to-head comparison of 450+ home loans in Australia, to award the best value ones  for Australians. 

“Taking out back to back awards in our low cost home loan category is no mean feat and with the winning combination of low rates, unique features, the scrapping of fees, and big bank backing, Unloan continues to set the bar for what a leading home loan looks like in 2024,” said Mozo expert judge, Peter Marshall.

Unloan Variable Home Loan
  • 5.99% p.a. variable rate (5.90% p.a. comparison rate*)
  • Zero upfront or ongoing fees
  • Low cost home loan winner - Mozo Experts Choice Awards 2023 & 2024^

Unloan’s Variable Home Loan has taken out a low cost home loan award for the second year running in the Mozo Experts Choice Awards^. Built by CommBank, Unloan offers owner-occupiers a super low 5.99% p.a. variable rate (5.90% p.a. comparison rate*) along with a loyalty discount that shaves 1 basis point off your interest every year for up to 30 years. Loan features include free extra repayments and redraw, and there are no pesky fees to pay. Available for loans of up to $10M. Minimum 20% deposit.

More home loans our editors love

HSBC - Home Value Loan
  • 6.09% variable rate (6.09% comparison rate*)
  • Enjoy free extra repayments, online redraw and no ongoing monthly service fees
  • Settlement fee waived for promotional offer (T&Cs apply)
  • 2024 Mozo Experts Choice Award - Low Cost Home Loan^

HSBC is a favourite with borrowers looking to find value outside of the big four banks, and for good reason. In addition to a low variable rate for borrowers with 70-80% LVR, this loan is loaded with features, including free extra repayments, a free online redraw facility, an optional split account and a dedicated relationship manager to guide you through the application process. $300 variation fee for changes to your loan. It also took out a 2024 Mozo Experts Choice Award^ in the low cost home loan category.

ING Fixed Rate Loan 3yr Fixed
  • 6.09% p.a. 3 year fixed rate (6.15% p.a. comparison rate*)
  • No monthly, annual fee or transaction fees
  • Free additional repayments (less than $10,000 p.a.)

Enjoy the security of a fixed rate with the ING Orange Advantage 3 Year Fixed Rate Home Loan. Manage your money with no monthly, annual fee or transaction fees to pay. Plus, you can make free additional repayments (less than $10,000 p.a.) to get ahead even more. Valid for loans of $50,000 up to $2,000,000. 80% LVR required. $499 application and $299 settlement fee.

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

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