--- title: "Vic Homebuyer Fund — 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/L37_VIC_OO_PRIN source: "CDR Compare" language: en-AU last_updated: 2026-06-11T16:15:42.000+10:00 --- # Vic Homebuyer Fund — 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 members in Victoria who meet the eligibility criteria for the Victorian Homebuyer Fund. ## At a glance - **From (owner occupied):** 5.9% (5.93% 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% | 5.93% | — | ## Fees | Fee | Type | Amount | | --- | --- | --- | | LOAN_SWITCH_FEE — A fee charged to switch your loan account from one type to another | Event | $200.00 | | 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 | | PEXA_SERVICE_FEE — A fee charged to cover third party costs associated with the establishment of your mortgage | 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 | | 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 - **Redraw facility** (Your loan comes with a repayment redraw facility. This gives you access to additional repayments if you re 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** - **You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.** - **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.** - **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 ) - **Flexible repayment options weekly, fortnightly or monthly ** - **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.) - **Digital banking** (24/7 access via internet banking and mobile app) ## 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) - **Residency status** — Permanent Resident (You must be an Australian citizen or permanent resident to apply) - **Employment status** — Employed - **Applications for credit are subject to the Bank?s eligibility and suitability criteria and normal credit approval process.** - **Must reside in Victoria, purchasing principal place of residence and meet the Victorian Homebuyer Fund eligibility criteria to receive a financial contribution towards the purchase of a property (up to 25%) in exchange for a proportional interest (share).** ## Constraints - **Opening balance** — $0.00 - **Minimum balance** — $950,000.00 ($950,000 in metropolitan Melbourne and Geelong or $700,000 in regional Australia) - **Maximum LVR** — 80% ## More information from Unity Bank - [Terms & conditions](https://www.unity.bank/reusable-documents/disclosure-documents/account-and-access-facility-conditions-of-use/) - [Fees & pricing](https://www.unity.bank/help/rates-fees/) ## Data provenance - Published by Unity Bank under the Consumer Data Right - Product ID: `L37_VIC_OO_PRIN` - Last updated by the provider: 11 June 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/unity-bank/L37_VIC_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/L37_VIC_OO_PRIN) — product data published by Australian data holders under the Consumer Data Right. 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