---
title: "Retirees Access Home Loan — 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/L53_RETIREES_ALL_SCHEMES_INTVSO36
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-11T16:19:16.000+10:00
---

# Retirees Access Home Loan — 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**

The Retirees Access Home Loan is a reverse mortgage for retirees to borrow against the equity in their home. Balance of the loan is paid by your estate or when the property is vacated or sold.

## At a glance

- **From:** 9.25% (9.33% comparison)

## Apply

Applications are handled by the provider: [Apply at Unity Bank](https://www.unity.bank/forms/reverse-mortgage-enquiry-form/)

## 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.) | 9.25% | 9.33% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| LOAN_ESTABLISHMENT_FEE_-_MORTGAGE_LOAN_(NEW) — A fee charged to set up a new home loan | Upfront | $500.00 |
| 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 |
| 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 |
| 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 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)**
- **No term. Payable on death of member or on vacating or sale of the property.**
- **Extra repayments** (Regular repayments not required. Lump sum repayments can be made at any time. Provided you are not in default, the loan will be repaid when the mortgaged property is sold on your death or death of the last borrower; the mortgaged property ceases to be your principal place of residence or that of the last surviving borrower; or on the death of the last surviving approved resident, where applicable.)
- **You or your estate cannot end up owing more than the value of the mortgaged property provided the terms and conditions of this loan have been met.**
- **The amount you borrow from your Retirees Access Home Loan and compound interest charged to the loan, will affect the amount you receive from the sale of the property (known as the equity in your property) should you ever need to sell it. Your equity in the property is likely to vary over time as both the market value of the property varies and the balance of the loan account increases.**
- **If you are living with someone who is not a borrower and the loan becomes repayable because you die or cease to permanently reside in the property, they will have to move out and live somewhere else.**
- **Any suitable purpose which includes personal use of cash for everyday living or things such as home renovations, an overseas holiday or a new car. The reverse mortgage can also be used to refinance an existing mortgage. A reverse mortgage cannot be used for business purposes or against a property in a retirement village.**
- **Digital banking** (24/7 access via internet banking and mobile app.)

## Eligibility

- **Individuals only**
- **Minimum age** — 60 years (The sole applicant and in case of a joint application, the youngest borrower, must be 60 years of age or older. In the case of multiple applicants, all applicants must be 60 years of age or older and hold title to the property either as joint tenants or tenants in common.)
- **Residency status** — Permanent Resident (You must be an Australian citizen or permanent resident to apply)
- **At least one of the applicants or an approved resident must reside in the property (except where the property is an investment property or holiday home).**
- **Eligibility also depends on the property's value (which the bank will determine) and its location.**
- **Applications for credit are subject to the Bank   s eligibility and suitability criteria and normal credit approval process.**
- **The maximum amount available to borrow is assessed on the age of the youngest borrower and the loan to value ratio (LVR).**

## Constraints

- **Opening balance** — $0.00
- **Maximum balance** (Maximum borrowing amount determined by age of the youngest borrower and loan to value ratio. Based on the assessed property value, borrowers may be eligible for the following amounts: Age 60 to 64 - $200,000 (or up to 15% of property value); 65 to 69 - $250,000 (or 20%); 70 to 74 - $300,000 (or 25%); 75 to 79 - $350,000 (or 35%); 80+ - $400,000 (or 40%) - whichever amount is lower in all cases.)
- **Maximum LVR** — 40%

## More information from Unity Bank

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

## Data provenance

- Published by Unity Bank under the Consumer Data Right
- Product ID: `L53_RETIREES_ALL_SCHEMES_INTVSO36`
- Last updated by the provider: 11 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/unity-bank/L53_RETIREES_ALL_SCHEMES_INTVSO36
- 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/L53_RETIREES_ALL_SCHEMES_INTVSO36) — 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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