---
title: "Australian Government 5% Deposit Scheme — Unity Bank"
description: "Home Loans from Unity Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/unity-bank/products/L25_HGS_OO_PRIN
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-11T15:28:12.000+10:00
---

# Australian Government 5% Deposit Scheme — Unity Bank

> Home Loans from Unity Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans · UNITY BANK**

Our home loan for first home buyers with government assistance.

## At a glance

- **From (owner occupied):** 5.9% (5.95% comparison)

## Apply

Applications are handled by the provider: [Apply at Unity Bank](https://www.unity.bank/help/apply-online/apply-online/)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is 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.) | 5.9% | 5.95% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| LOAN_SWITCH_FEE — A fee charged to switch your loan account from one type to another | Event | $200.00 |
| VALUATION_FEE — A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased | Cash advance | $0.00 |
| TITLE_SEARCH_FEE — A third party cost for a Title Search to determine any interests in a property | Cash advance | $0.00 |
| REGISTRATION_FEES — A third party cost for registration of mortgage | Cash advance | $0.00 |
| STAMP_DUTY_(MORTGAGE) — The tax charged on written documents and certain transactions imposed by the state government, such as mortgages and property transfers | Cash advance | $0.00 |
| PEXA_SERVICE_FEE — A fee charged to cover third party costs associated with the establishment of your mortgage | Cash advance | $0.00 |
| LENDERS_MORTGAGE_INSURANCE — Third party cost for insurance that protects the lender in the event that the borrower defaults on their home or investment loan | Cash advance | $0.00 |
| MORTGAGE_ADMINISTRATION_FEE — A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan | Event | $150.00 |
| CONSENT_FEE — A fee charged for consent to subdivide, substitute, lease, cross-collateralise or any other matter where we need to reassess the loan in any way | Event | $300.00 |
| MORTGAGE_DISCHARGE_FEE — A fee charged if you repay your loan and request us to discharge your mortgage, includes our costs and is in addition to any costs incurred by us from external parties | Exit | $300.00 |
| MORTGAGE_DISCHARGE_-_REGISTRATION_FEE — A fee charged to cover third party costs associated with the discharge of your mortgage | Cash advance | $0.00 |
| MORTGAGE_DISCHARGE_-_PEXA_SERVICE_FEE — A fee charged to cover third party costs associated with the discharge of your mortgage | Cash advance | $0.00 |
| LATE_PAYMENT_FEE — A fee charged when you don't make your minimum monthly payment, plus any overdue amount | Event | $15.00 |
| DEFAULT_NOTICE_FEE — A fee charged if you default on your repayments and we issue a default notice | Event | $50.00 |
| LOAN_ESTABLISHMENT_FEE_-_MORTGAGE_LOAN_(TOP_UP) — A fee charged to vary the value of an existing home loan | Upfront | $200.00 |
| SECURITY_GUARANTOR_FEE — Payable if a guarantor is listed on the loan schedule. | Upfront | $200.00 |
| LOAN_ESTABLISHMENT_FEE_-_SECOND_MORTGAGE_LOAN_(TOP_UP) — A fee charged for consent to a subsequent mortgage to vary the value of an existing home loan | Upfront | $200.00 |
| RE-DOCUMENTATION_FEE — A fee charged if you request to make a change such as include a Fixed Rate Lock fee after your Loan Offer & Contract documentation has been provided, but prior to loan settlement. | Event | $250.00 |

## Features

- **Offset account** (A Mortgage Offset Account can be linked to your Home Loan. The money you put in your linked Mortgage Offset Account reduces the balance on which the interest is charged on your home loan.)
- **Redraw facility** (Your loan comes with a repayment redraw facility. This gives you access to additional repayments if you are at least one full repayment ahead, you can redraw $100 or more. It's simple to redraw using our App or Online Banking.)
- **PayID** (Get faster payments between participating banks, anytime with Pay ID)
- **Real-time payments (NPP)**
- **30 years**
- **Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate or switching from Interest Only to Principal and Interest repayments.**
- **Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.**
- **Flexible repayment options weekly, fortnightly or monthly**
- **Extra repayments** (You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions)
- **Valuation fee waived up to $1,000.**
- **No establishment fee is charged.**
- **Digital banking** (24/7 access via internet banking and mobile app)
- **You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.**

## Eligibility

- **Individuals only**
- **Minimum age** — 18 years (Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older)
- **Employment status** — Employed
- **Residency status** — Permanent Resident (You must be an Australian citizen or permanent resident to apply)
- **Applications for credit are subject to the Bank's eligibility and suitability criteria and normal credit approval process.**
- **As per Australian Government 5% Deposit Scheme property caps**
- **Purchase or refinance for First Home Buyer Owner Occupiers only**
- **This loan is used in conjunction with the Australian Government 5% Deposit Scheme. Housing Australia provides a guarantee that will allow eligible first home buyers (and other eligible borrowers) to purchase a home with a deposit of as little as 2%, without needing to pay for Lenders Mortgage Insurance (LMI) or rely on a guarantor.**

## Constraints

- **Opening balance** — $0.00
- **Maximum balance** (Maximum purchase prices (property price caps) are applicable for eligible properties purchased under the Australian Government 5% Deposit Scheme in capital cities, large regional centres and regional areas.)
- **Maximum LVR** — 95% (95% if approved as a first home buyer)
- **Maximum LVR** — 98% (98% if approved as a single parent or legal guardian)

## More information from Unity Bank

- [Overview](https://www.unity.bank/home-loans/buy-or-refinance/first-home-buyer-loan/)
- [Terms & conditions](https://www.unity.bank/reusable-documents/disclosure-documents/account-and-access-facility-conditions-of-use/)
- [Eligibility](https://www.unity.bank/home-loans/buy-or-refinance/first-home-buyer-loan/)
- [Fees & pricing](https://www.unity.bank/help/rates-fees/)

## Data provenance

- Published by Unity Bank under the Consumer Data Right
- Product ID: `L25_HGS_OO_PRIN`
- Last updated by the provider: 11 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/unity-bank/L25_HGS_OO_PRIN
- Provider page: https://www.cdrcompare.au/brands/unity-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000182

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/unity-bank/products/L25_HGS_OO_PRIN) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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