86 400 Own home loan – fixed

Check out this flexible fixed rate offer from a digital lender, with rates for home buyers and investors.

The Own home loan - fixed from 86 400 is a fixed rate loan that offers competitive rates and flexible options, including a redraw facility and limited extra repayments. The loan is available for PAYG borrowers and has rates for home buyers and investors, plus the choice to make interest-only repayments.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Review by


Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

This fixed loan has competitive rates and only a few fees. It's more flexible than many fixed rate loans, as it offers a redraw facility and you can make up to $20,000 in extra repayments during the fixed term.

86 400 is one of the newer lenders operating in Australia. It's a digital bank that's entirely online, and they combine a fast online application process with a smartphone app that lets you manage your money and your home loan. This is definitely a loan for tech-savvy borrowers who want convenient app-based banking and payment services with their loan.

About this loan

What are the features and benefits of the 86 400 Own home loan - fixed?

  • Loan purpose. The 86 400 Own home loan - fixed is available for both owner-occupiers (home buyers) and property investors. It has different rates for each. Borrowers can also choose interest-only repayments.
  • Loan-to-value ratio. You can borrow up to 80% of your property's value.
  • Features. This loan lets you make up to $20,000 in extra repayments during the fixed period. It also offers a redraw facility, allowing you to spend extra repayments if you need to. There's a split option allowing you to divide your loan into fixed and variable portions.
  • Fees. The loan has an application fee and a service fee charged yearly to maintain your account.

What fees and charges come with this loan?

86 400 charges several fees with this loan:

  • Application fee: $250. This fee covers the administrative cost of processing a home loan application. It is a one-off fee.
  • Service fee: $250. This fee is charged annually to cover the management of the account.
  • Valuation fee: $0. The valuation fee is free up to $300. If the valuation costs more than this the borrower must pay the difference

How to apply

If you'd like to apply for this product or just get more information, click the green button and follow the application process to speak to an 86 400 mortgage specialist.

Eligibility

To be eligible for an 86 400 home loan, you will need to meet the following criteria:

  • Be an Australian citizen or permanent resident.
  • Have good credit history.
  • Be buying a residential property (not vacant land).

Home Loan Offers

Important Information*

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site