The details shown below are for an owner occupier taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 60%
The details shown below are for an owner occupier taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 60%
The details shown below are for an investor taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan between $80,000 and $5,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $80,000 and $5,000,000 with an LVR below 60%
The details shown below are for an investor taking out a interest only loan between $80,000 and $5,000,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan between $80,000 and $5,000,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 60% | $80,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 60%-70% | $80,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 70%-80% | $80,000 | $5,000,000 |
| | Investor | Principal & Interest | < 60% | $80,000 | $5,000,000 |
| | Investor | Principal & Interest | 60%-70% | $80,000 | $5,000,000 |
| | Investor | Principal & Interest | 70%-80% | $80,000 | $5,000,000 |
| | Investor | Interest Only | < 60% | $80,000 | $5,000,000 |
| | Investor | Interest Only | 60%-70% | $80,000 | $5,000,000 |
| | Investor | Interest Only | 70%-80% | $80,000 | $5,000,000 |
Owner Occupier (Principal & Interest)
LVR < 60%
Loan: $80,000 $5,000,000
Owner Occupier (Principal & Interest)
LVR 60%-70%
Loan: $80,000 $5,000,000
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $80,000 $5,000,000
Investor (Principal & Interest)
LVR < 60%
Loan: $80,000 $5,000,000
Investor (Principal & Interest)
LVR 60%-70%
Loan: $80,000 $5,000,000
Investor (Principal & Interest)
LVR 70%-80%
Loan: $80,000 $5,000,000
Investor (Interest Only)
LVR < 60%
Loan: $80,000 $5,000,000
Investor (Interest Only)
LVR 60%-70%
Loan: $80,000 $5,000,000
Investor (Interest Only)
LVR 70%-80%
Loan: $80,000 $5,000,000
86 400’s recently launched Neat Home Loan ticks a lot of boxes as a low rate, low fee option for borrowers looking to keep their costs to a minimum. Add in the handy features and a limited time cashback deal and this could certainly be a loan worth taking a closer look at.
Neobank 86 400 is flirting with the lowest variable rates on the market with its Neat Home Loan offer for owner occupiers and investors. While the loan has low interest rates across the board, it really rewards borrowers with lower loan-to-value ratios (LVRs) with the most competitive rates. Here’s where they sit:
LVR <60%: 2.19% (2.20% comparison rate*) for owner occupiers and 2.44% (2.45% comparison rate*) for investors
LVR 60-70%: 2.29% (2.30% comparison rate*) for owner occupiers and 2.54% (2.55% comparison rate*) for investors
LVR 70-80%: 2.34% (2.35% comparison rate*) for owner occupiers and 2.64% (2.65% comparison rate*) for investors
The Neat Home Loan is also light on fees. All homeowners will need to budget for is the $250 settlement fee (and potentially a valuation fee if valuation costs are over $300) because there are no other upfront fees or ongoing fees to worry about.
Borrowers have the flexibility of being able to choose their repayment schedule (weekly, fortnightly or monthly) and they can also make extra repayments towards their outstanding loan balance for free. The loan also features a redraw facility, but borrowers with their heart’s set on an offset account will have to look elsewhere.
Given its low rates and relatively few fees, 86 400’s Neat Home Loan could be an alluring option for either owner occupiers or investors looking for a competitively-priced variable rate loan - especially borrowers who can take advantage of the sharpest rates for lower LVRs.
As mentioned above, the Neat Home Loan doesn’t come with an offset account. So if this is an important feature for you as a borrower, it may be worthwhile comparing offset account home loans.
2.19% p.a.
n/a
n/a
n/a
2.20% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
none
60.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.29% p.a.
n/a
n/a
n/a
2.30% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
60.00%
70.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.34% p.a.
n/a
n/a
n/a
2.35% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
70.00%
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.44% p.a.
n/a
n/a
n/a
2.45% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
none
60.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.54% p.a.
n/a
n/a
n/a
2.55% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
60.00%
70.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.64% p.a.
n/a
n/a
n/a
2.65% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
70.00%
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.84% p.a.
n/a
n/a
n/a
2.60% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
none
60.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.84% p.a.
n/a
n/a
n/a
2.66% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
60.00%
70.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.94% p.a.
n/a
n/a
n/a
2.76% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$0.00
$300.00
$80,000
$5,000,000
70.00%
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
yes
yes - free
none
no
no
If the valuation is over $300, 86 400 will cover the first $300.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
This product is not currently reviewed.
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WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
