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.

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Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.

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 85% 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: $0. 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.


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).

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