86 400 home loans

86 400 is an online Australian neobank owned by NAB. 86 400 has home loans for investors and owner-occupiers, including fixed and variable rates. Check out the full table of 86 400 products below or read more about the lender and its loans.

Compare 86 400 home loans for December 2021

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "More info".

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Name	Product		Interest Rate (p.a.)	Comp. Rate (p.a.)	Fees	Monthly Payment
86 400 Neat Variable Home Loan P&IHome≥ 40% Deposit		Go to site More Info	2.09%	2.10%	App: $0 Ongoing: $0 p.a.	$563	Go to site More Info	Get flexibility and the option to make unlimited extra repayments with this variable rate loan.	Compare	loading Fetching your data...
86 400 Own Home Loan Fixed P&IHome 1Y Fixed≥ 20% Deposit		Go to site More Info	1.94%	2.55%	App: $250 Ongoing: $250 p.a.	$552	Go to site More Info	Fix to this very competitive rate for one year. This loan requires a 20% deposit.	Compare	loading Fetching your data...
86 400 Own Home Loan Fixed P&IHome 2Y Fixed≥ 20% Deposit		Go to site More Info	2.34%	2.59%	App: $250 Ongoing: $250 p.a.	$582	Go to site More Info	Get a low fixed rate for the first two years of your loan. Split and redraw facilities available. Requires a 20% deposit.	Compare	loading Fetching your data...
86 400 Own Home Loan Fixed P&IHome 3Y Fixed≥ 20% Deposit		Go to site More Info	2.69%	2.68%	App: $250 Ongoing: $250 p.a.	$609	Go to site More Info	$2,000 cashback offer A competitive fixed rate loan from an online-only smart bank. Requires a 20% deposit. Eligible new borrowers and refinancers can get a $2,000 cashback for a limited time.	Compare	loading Fetching your data...
86 400 Own Home Loan Fixed P&IHome 5Y Fixed≥ 20% Deposit		Go to site More Info	3.29%	2.97%	App: $250 Ongoing: $250 p.a.	$658	Go to site More Info	$2,000 cashback offer $2,000 cashback when Get a low fixed rate for the first five years of your loan. Redraw facilities available. Requires a 20% deposit.	Compare	loading Fetching your data...

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86 400 home loan features

Here are the key features and details you need to know about 86 400's mortgage products.

How do I apply for an 86 400 mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each 86 400 product has specific eligibility criteria but some will apply to all products. For example:

• Age. You must be over 18 years of age.
• Residency. You should be a resident of Australia.
• Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with 86 400 you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details: You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like 86 400

If you want to compare loans from similar lenders to 86 400 then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

• Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
• Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
• Homestar. A 100% online lender, Homestar has been providing mortgages to Australian borrowers since 2004.
• Nano Home Loans. Nano is an entirely online fintech lender that promises fast loan refinancing and more control over your loan.
• Loans.com.au. A Brisbane-based online lender, Loans.com.au is backed by Firstmac, Australia's largest non-bank lender.
• ME Bank. Member's Equity was established back in 1994 and went fully digital in 2012.
• ING. This online bank is part of the global, Netherlands-based financial group of the same name.

More home loan questions

• How do I compare 86 400 home loans?

  To make sure you find the right 86 400 loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help:

  • Are you comfortable applying online? Because 86 400 is an online lender you need to be comfortable completing the entire home loan process via the web (with phone and chat support).
  • What do you need the loan for? If you're buying a home to live in you need an owner-occupier loan. Property investors need an investment loan rate. 86 400 has both.
  • Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes at all?
  • What features do you need? You need to decide whether you need features like a 100% offset account, redraw, the ability to make extra repayments and the option to split your rate.

• What is home loan pre-approval?

  Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.

  Pre-approval is not something every lender offers, but many do.

• Are there any risks going with a smaller lender?

  Most Australian borrowers bank with one of the Big Four banks (Commbank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender you've never heard of. But there's no reason to worry just because you've never heard of a lender before.

  In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.

  86 400 is owned by NAB, so it actually has the backing of one of the nation's largest banks.

• Should I go with a fixed or variable rate?

  Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.

  A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.

• Do I need a mortgage broker?

  Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.