Unloan vs loans.com.au Home Loan
Rates and conditions verified 14 June 2026
Rates can change without notice. Last verified: 14 June 2026 (AEST). Please confirm details on the bank’s official page.
Two low-rate online lenders with different scope. Unloan is refinance-only with a rate that shrinks over time; loans.com.au handles purchases too and offers an offset sub-account. Here's which suits your loan.
At a glance
| Unloan (CBA) Refinance Variable | loans.com.au Variable Home Loan (Bare) | |
|---|---|---|
| Lowest variable rate (p.a.) | 5.89% | 6.04% |
| Condition to earn it | Refinances only — not available for new purchases; P&I only | Purchases and refinances, including higher-LVR borrowers; optional offset sub-account |
Unloan (CBA) Refinance Variable
Condition: Refinances only — not available for new purchases; P&I only
Best for: owner-occupiers refinancing who want the lowest simple rate and no offset
- • Loyalty discount that grows each year you stay
- • No offset; principal-and-interest; refinance only
- • Backed by CBA
loans.com.au Variable Home Loan (Bare)
Condition: Purchases and refinances, including higher-LVR borrowers; optional offset sub-account
Best for: buyers, higher-LVR borrowers, or anyone who wants an optional offset
- • Available for purchases as well as refinances
- • Optional offset sub-account
- • No monthly fees
The verdict
Both are sharp-rate online lenders, so the split is about flexibility. Unloan is refinance-only and feature-light, trading extras for a low rate that drops a little each year you stay — ideal if you're refinancing and want simplicity. loans.com.au is the broader option: it lends for purchases, suits higher-LVR borrowers, and offers an optional offset sub-account, for a touch more rate when you add offset. Compare the lowest variable rates below, then decide whether you need the purchase eligibility and offset that loans.com.au adds.
FAQs
Which can I use to buy a home, Unloan or loans.com.au?
loans.com.au — it lends for both purchases and refinances. Unloan is refinance-only. If you're buying, loans.com.au is the relevant choice of the two.
Does loans.com.au offer an offset account?
Yes — loans.com.au offers an optional offset sub-account, typically for a small rate margin. Unloan has no offset; it keeps its rate low and adds a loyalty discount over time instead.
Related guides
Information verified 14 June 2026. Rates are variable and subject to change. Confirm current rates and conditions on each provider's website before applying. This is not financial advice.