Kogan Money Essential Variable Home Loan

The Essential Variable Home Loan from Kogan Money offers flexibility, low deposit borrowing, optional offset accounts and competitive interest rates.

Kogan Money's Essential Variable Home Loan has rates for investors and owner-occupiers and is available with a 10% deposit. It also has an interest-only rate (with a 20% deposit). You can also add an offset account for a $10 monthly fee.

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By

Richard Whitten

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About this loan

What are the features and benefits of the Kogan Money Essential Variable Home Loan?

This loan has a maximum insured LVR of up to 90% depending on your rate type. This means you can get the loan with just a 10% deposit, although you may have to pay lenders mortgage insurance on top.

What fees and charges come with this loan?

  • Application fee: . Kogan charges all borrowers this fee to cover the initial set-up of a home loan.
  • Service fee (with offset account): $10. This monthly fee is only charged if you open an offset account with the mortgage.
  • Discharge fee: . You pay a discharge fee when you end the home loan, either by repaying it or refinancing to another lender.
  • Other fees: Online redraw is free, but if you request a manual redraw, there is a small fee. Kogan charges variation fees if you need to change the details of your loan.

    • How to apply

    To apply for this product or to get more information, click the green "Go to site" button and leave your details on Kogan Money's website. Then a Kogan Money lending specialist will get in touch. They can help you understand the product in more detail and help you start an application.

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