86 400 Neat home loan – variable

With competitive interest rates for both home buyers and investors, this variable rate loan offers flexibility and affordability from a digital lender.

With unlimited extra repayments, the Neat home loan – variable from 86 400 offers both competitive interest rates and the flexibility to repay your home loan faster. Interest rates are lower for those with bigger deposits, and the loan is available for both home buyers and investors, with the choice to make interest-only repayments for a set period.

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

As an authority on all things personal finance, Sarah Megginson is passionate about helping you save money and make money. She is an editor and money expert with 20 years’ experience and an extensive background in property and finance journalism. Sarah holds ASIC RG146-compliant Tier 1 Generic Knowledge certification, and she's a regular media commentator, appearing weekly on TV (Sunrise, Daily, Studio 10, nightly news), radio (KIIS FM, Triple M, 3AW, 2GB, 6PR) and in digital and print media.

Expert review

This variable rate loan has a number of flexible features designed for borrowers who are focused on keeping costs as low as possible and repaying their home loan sooner. It offers competitive rates, with rates dropping further for those with a larger deposit (a 40% deposit or more gets you the cheapest rate) and there are no ongoing fees.

When you apply for the loan, your property valuation is free (up to $300), and you can make unlimited extra repayments. You can also have a redraw account, which allows you to withdraw those extra repayments if you need access to your funds.

As one of the newer lenders operating in Australia, 86 400 is a digital bank that is entirely online, with no “bricks and mortar” locations. It combines a fast online application process with a smartphone app that lets you proactively manage your money and your home loan. This is ideally suited for tech-savvy borrowers who want a low interest rate, flexible features and convenient app-based banking with their loan.

About this loan

What are the features and benefits of the 86 400 Neat home loan – variable?

  • Accessible. The 86 400 Neat home loan – variable 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 85% of your property's value.
  • Features. This loan lets you make unlimited extra repayments, allowing you to funnel money into the loan to pay it off sooner. It also has a redraw facility, so you can access those extra repayments if needed.
  • Fees. The loan has an application fee, but there are no annual and ongoing fees and the initial valuation fee is also free (up to $300).

What fees and charges come with this loan?

86 400 charges some fees with this loan:

  • Application fee: $0. This fee covers the administrative cost of processing a home loan application and it is a one-off fee.
  • Valuation fee: $0. The valuation fee is free up to $300. If the valuation costs more than this, the borrower is required to pay the difference

How to apply

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


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 a good credit history.
  • Be buying a residential property (not vacant land).

Ask a question

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 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


    Default Gravatar
    April 25, 2022

    what is your fixed rate?

      May 5, 2022

      Hi Alice,

      86 400 fixed rate starts from 2.99% p.a. (1-year fixed, owner-occupied, principal, and interest ≤80% LVR).


Go to site