A variable rate home loan specifically designed to support essential workers to own their own home.
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 |
|---|---|---|---|---|---|
| 6.05% | 6.10% | Variable · owner occupied · principal and interest | Certain occupations | 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/L35_EW_OCC_PRIN- Content hash
sha256 b51c5585d682aa0e77dba8ac0c186d371c3844dbb904beb9d4997487c9af2baf- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_b51c5585d682aa0e_69d3785eShow details
- Checked
- 1 Nov 2026
- URL
https://ibank.unity.bank/OpenBanking/cds-au/v1/banking/products/L35_EW_OCC_PRIN- Content hash
sha256 b51c5585d682aa0e77dba8ac0c186d371c3844dbb904beb9d4997487c9af2baf- 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_SWITCH_FEE | Event | $200.00 |
| 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 |
| LENDERS_MORTGAGE_INSURANCE | 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 |
| LATE_PAYMENT_FEE | Event | $15.00 |
| DEFAULT_NOTICE_FEE | Event | $50.00 |
| SECURITY_GUARANTOR_FEE | Upfront | $200.00 |
| LOAN_ESTABLISHMENT_FEE_-_MORTGAGE_LOAN_(TOP_UP) | Upfront | $200.00 |
| LOAN_ESTABLISHMENT_FEE_-_SECOND_MORTGAGE_LOAN_(TOP_UP) | Upfront | $200.00 |
| RE-DOCUMENTATION_FEE | Event | $250.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Npp payid | Get faster payments between participating banks, anytime with Pay ID | |
| Npp enabled | ||
| Other | 30 years | |
| Other | You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval. | |
| Other | 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. | |
| Other | Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates. | |
| Other | Lenders 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). LMI is a one-off cost added to the total loan amount and is not a bank fee or an establishment fee. | |
| Other | 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 | |
| Guarantor | A guarantor supports the loan by providing us with an additional security such as their home. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require. | |
| Other | This loan can be used for the purposes of owner occupied property purchases, refinancing your existing home loan, purchasing of vacant land (non-commercial), personal needs, off the plan purchases and building/construction purposes. | |
| Redraw | 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. | |
| Offset | 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. | |
| Other | Up to $1,000 towards third party costs will be wavied (including valuation, registration, mortgage preparation and title search). | |
| Other | No establishment fee is charged. | |
| Digital banking | 24/7 access via internet banking and mobile app. | |
| Eligibility: natural person | ||
| Eligibility: min age | 18 | Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older |
| Eligibility: other | Available when at least one borrower meets essential worker criteria as a frontline ambulance officer, paramedic, firefighter, police officer, corrective services officer, nurse, aged care or disability worker, teacher, early childhood educator, defence or military personnel. For new security or new refinance applications only. Not available for existing G&C Mutual Bank Loans. | |
| Eligibility: employment status | Employed | |
| Eligibility: residency status | Permanent Resident | You must be an Australian citizen or permanent resident to apply |
| Eligibility: other | Applications for credit are subject to the Bank s eligibility and suitability criteria and normal credit approval process. | |
| Limit: opening balance | 100000.00 | |
| Limit: max balance | 5000000.00 | |
| Limit: max lvr | 0.95 |
Rate history
| Rate | From | To | Rate p.a. | Comparison |
|---|---|---|---|---|
| Variable · owner occupied · principal and interest | 1 Nov 2026 | Current | 6.05% | 6.10% |
*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.
Tags
| Tag | Meaning | Effect |
|---|---|---|
eligibility:occupation | Certain occupations | Shown in the row (the product name says it is for essential workers, police, defence force members, veterans or similar); ranking unchanged |
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