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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Unison's pay off


Repayment of loan

The term for paying debt off is 30 years. The repayment can be made in two ways: through the purchase of their share or through selling or refinancing the property.

If you choose to purchase their share, you will have to pay the company back the original sum, and Unison's share of your house's increase in value. Oftentimes, they request an appraisal to gauge that number.

If you choose to sell the house, you will be required to return the original sum and their share of your house's change in value. As far as refinancing goes, it's theoretically possible to take out a loan larger than your current one, take the cash and pay the company back with it.

While the repayment term is 30 years, it must be noted that you cannot repay your debt during the first five years.

Early payoff

There are no penalties for paying debt off earlier. However, you cannot pay the money back earlier than five years from the date you finalized the agreement.


The biggest fee that you'll have to pay is what you'll be charged if your house's market value increases. If you sell it, you will owe four times the original percentage. In simpler terms, if they invest 8% of your house's original value, you'll owe 32% of your house's increase in value.

Besides the above, some costs need to be taken into consideration, including:

  • Processing fee of 3%

  • Appraisal fee ($1,250 max)

  • Closing costs ($1,750 max)


How will I pay Unison?

You can use any of the preferred Unison payment options in order to settle your debt. It must be noted that you can't pay back the debt during the first five years.

How does Unison calculate costs?

Costs and investments of Unison are calculated depending on a multitude of factors, including DTI ratio, your mortgage's balance, credit history, present income, and estimated future risks.

What if I don't pay Unison?

It's not a good idea to not pay. You will only incur more debt and force Unison to pursue legal action against you.

Calculate loan payments in Unison

Unison calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

30000 $
500000 $
Loan term

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What to focus on before applying for a loan with Unison

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Unison and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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All Unison’s reviews by October 2022
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