Retirees Access Home Loan

Unity Bank

CDR official

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.

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Product data

The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.

Rates

Rate	Comparison*	Applies to	Conditions	Source	Since
9.50%	9.60%	Variable · unconstrained · interest only		CDR	1 Nov 2026

*Comparison rates are calculated on a $150,000 secured loan over a term of 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. Fees and charges are payable.

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Source

CDR officialConsumer Data Right product dataShow where this comes from

Fetched: 1 Nov 2026
URL: https://ibank.unity.bank/OpenBanking/cds-au/v1/banking/products/L53_RETIREES_ALL_SCHEMES_INTVSO36
Content hash: sha256 305864bde49fc5e257745009dd999ad9bdd538f83aee84a2ec7eac8153f06aa9
Rule version: mapper@0.1.2

Consumer Data Right product dataev_cdr_305864bde49fc5e2_6a7815e1Show details

Checked: 1 Nov 2026
URL: https://ibank.unity.bank/OpenBanking/cds-au/v1/banking/products/L53_RETIREES_ALL_SCHEMES_INTVSO36
Content hash: sha256 305864bde49fc5e257745009dd999ad9bdd538f83aee84a2ec7eac8153f06aa9
Excerpt: —
Rule version: mapper@0.1.2

Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.

Fees

Fee	Type	Amount
LOAN_ESTABLISHMENT_FEE_-_MORTGAGE_LOAN_(NEW)	Upfront	$500.00
VALUATION_FEE	Upfront	Set in your letter of offer
TITLE_SEARCH_FEE	Upfront	Set in your letter of offer
REGISTRATION_FEES	Upfront	Set in your letter of offer
STAMP_DUTY_(MORTGAGE)	Upfront	Set in your letter of offer
PEXA_SERVICE_FEE	Upfront	$0.00
MORTGAGE_ADMINISTRATION_FEE	Event	$150.00
CONSENT_FEE	Event	$300.00
MORTGAGE_DISCHARGE_FEE	Exit	$300.00
MORTGAGE_DISCHARGE_-_REGISTRATION_FEE	Exit	$0.00
MORTGAGE_DISCHARGE_-_PEXA_SERVICE_FEE	Exit	Set in your letter of offer
RE-DOCUMENTATION_FEE	Event	$250.00

Features and eligibility

Item	Value	Details
Redraw		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.
Npp payid		Get faster payments between participating banks, anytime with Pay ID
Npp enabled
Other		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.
Other		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.
Other		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.
Other		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.
Other		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: natural person
Eligibility: min age	60	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.
Eligibility: residency status	Permanent Resident	You must be an Australian citizen or permanent resident to apply
Eligibility: other		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: other		Eligibility also depends on the property's value (which the bank will determine) and its location.
Eligibility: other		Applications for credit are subject to the Bank s eligibility and suitability criteria and normal credit approval process.
Eligibility: other		The maximum amount available to borrow is assessed on the age of the youngest borrower and the loan to value ratio (LVR).
Limit: opening balance	0.00
Limit: max balance
Limit: max lvr	0.40

Rate history

Rate	From	To	Rate p.a.	Comparison
Variable · unconstrained · interest only	1 Nov 2026	Current	9.50%	9.60%

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