Owner Occupied | Principal & Interest
Our Essential Worker Home Loan is a low interest variable rate home loan specifically designed to support essential workers to own their own home.
It’s our way of saying ‘thank you’ to essential workers for the work they do in always serving our community.
| Principal & Interest | ||
| Interest rate | Comparison rate | |
| Essential Worker Home Loan | 5.70% p.a. | 5.75% p.a. |
| Features | |
| Minimum Amount | $100,000 |
| Maximum LVR | 80% (dependant on loan purpose and security offered) |
| Maximum LVR with Lenders Mortgage Insurance | 95% (subject to approval)3 |
| Get Ahead Start Guarantor (borrow up to 100% LVR) | Yes |
| Maximum loan term | 30 years |
| Interest calculation | Calculated daily, charged monthly |
| Repayment type | Principal & Interest |
| Repayment frequency | Weekly, fortnightly, or monthly |
| Establishment fee | $0 |
| Monthly loan fee | $0 |
| Extra repayments | Unlimited |
| Interest offset | Yes4 |
| Redraw Facility | Yes5 |
| Loan preparation fees | At cost |
| Top up facility available | 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.
"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 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).
4 Not available on the Fixed Rate Home Loan or the fixed portion of a Split Home Loan.
5 Minimum redraw amount of $100 applies.
* Overtime and shift allowances - 100% may be used in serviceability if the borrowers’ employment is in the essential services industry (e.g. Ambulance, Police Service, Nursing and Corrective Services).
# $1000 towards third party costs including valuation, registration, mortgage preparation and title search. Offer may be amended or withdrawn at any time.
Eligibility criteria, terms and conditions, fees and charges apply. All information including interest rate is subject to change.
