CBA-backed Unloan home loan continues its award-winning streak
Unloan, the digital home loan lender, built by CommBank has once again come out triumphant in the Mozo Experts Choice Home Loan Awards, taking out an award for the third year in the Low Cost Home Loan Category.
The awards are an annual head to head comparison of 450+ home loans in Australia, to award the best value ones for Australians, with the Low Cost Category among the most coveted.
According to Peter Marshall, Mozo Awards Judge, Unloan has the winning combination of low rates and no application, banking, account, change or exit fees, and this is why it’s consistently ranked in the top for value. But that’s not where it ends.
“As a digital-first home loan, it’s got one of the industry’s first fully automatic loyalty discounts, which shaves an additional 0.01% off the interest rate each year you’re with them, and while there isn’t an offset account, you can make additional payments and access the free redraw. We don’t consider these in our awards analysis, but they are both great money-savings features to have as standard,” he said.
The Unloan home loan is available to new borrowers, refinancers and investors with at least 20 percent deposit or equity. It also boasts a speedy 10 minute online application process, and customer service available 7 days a week.
Compare Unloan below and also check out some of the other home loans handpicked by our editor’s pick this month.
Unloan Variable Home Loan
- NEW LOW RATE!
- 5.74% p.a. variable rate (5.65% p.a. comparison rate*)
- Low cost home loan winner - Mozo Experts Choice Awards 2023, 2024 & 2025^
- Zero upfront or ongoing fees
Unloan’s Variable Home Loan has taken out a low cost home loan award for an impressive third year running in the Mozo Experts Choice Awards^. Built by CommBank, Unloan offers owner-occupiers a super low 5.74% p.a. variable rate (5.65% 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.
Unloan Variable Investment Home Loan
- NEW LOW RATE!
- 6.04% p.a. variable rate (5.95% p.a. comparison rate*)
- Zero upfront or ongoing fees
For investors, Unloan's low variable rate comes in at a competitive 6.04% p.a. (5.95% p.a. comparison rate*), with the same increasing loyalty discount rate up to thirty years. There are no application or other upfront fees, and no ongoing fees and investors get the same loan features as owner occupiers, including free extra repayments and redraws. Available for investment loans of up to $10M. Minimum 20% deposit.
Editor's picks
Macquarie Basic Variable Home Loan
- NEW LOW RATE!
- Rates from 5.89% variable (5.91% comparison rate*)
- No upfront or ongoing fees
- Free extra repayments and redraw facility
With competitive variable interest rates starting at 5.89% p.a. (5.91% p.a. comparison rate*), Macquarie’s Basic Home Loan brings with it minimal fees and a range of features like free extra repayments and a free redraw facility. Together with a split account option so you can split your loan between variable and fixed, the Basic Home Loan from Macquarie is available to owner occupiers and investors alike. Minimum 20% deposit required.
loans.com.au Variable Home Loan 90
- NEW LOW RATE!
- Variable interest rate from 5.79% p.a. (5.83% p.a. comparison rate*) for LVR < 90%
- First Home Buyer Loan winner - Mozo Experts Choice Awards 2025^
- No application fees to pay
If you're in the market for a competitive rate on a variable home loan, online lender loans.com.au has come through with the goods. There are no application fees to pay and you only require a 10% deposit to get started. You can borrow between $50,000 to $2,000,000, plus, you’ll have the freedom to make free extra repayments, and redraw them without penalty too. $300 settlement fee applies. (T&Cs apply).
* 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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