The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 60%

The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 70%

The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 85%

The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 60%

The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 70%

The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 60%

The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 70%

The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 80%

The details shown below are for an investor taking out a interest only loan up to with an LVR below 60%

The details shown below are for an investor taking out a interest only loan up to with an LVR below 70%

The details shown below are for an investor taking out a interest only loan up to with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan:

  • Owner Occupier (Principal & Interest)

    LVR 60%-70%

    Loan:

  • Owner Occupier (Principal & Interest)

    LVR 70%-80%

    Loan:

  • Owner Occupier (Principal & Interest)

    LVR 80%-85%

    Loan:

  • Owner Occupier (Interest Only)

    LVR < 60%

    Loan:

  • Owner Occupier (Interest Only)

    LVR 60%-70%

    Loan:

  • Owner Occupier (Interest Only)

    LVR 70%-80%

    Loan:

  • Investor (Principal & Interest)

    LVR < 60%

    Loan:

  • Investor (Principal & Interest)

    LVR 60%-70%

    Loan:

  • Investor (Principal & Interest)

    LVR 70%-80%

    Loan:

  • Investor (Interest Only)

    LVR < 60%

    Loan:

  • Investor (Interest Only)

    LVR 60%-70%

    Loan:

  • Investor (Interest Only)

    LVR 70%-80%

    Loan:

Rate
2.29% p.a.
Comparison Rate
2.58% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.44% p.a.
Comparison Rate
2.73% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.44% p.a.
Comparison Rate
2.73% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.74% p.a.
Comparison Rate
3.02% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.89% p.a.
Comparison Rate
2.76% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.99% p.a.
Comparison Rate
2.90% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
3.14% p.a.
Comparison Rate
2.95% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.39% p.a.
Comparison Rate
2.68% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.49% p.a.
Comparison Rate
2.78% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.59% p.a.
Comparison Rate
2.87% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.54% p.a.
Comparison Rate
2.70% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.59% p.a.
Comparison Rate
2.78% p.a.
Service fee
$250.00 yearly
Upfront fee
$250
Rate
2.79% p.a.
Comparison Rate
2.91% p.a.
Service fee
$250.00 yearly
Upfront fee
$250

Mozo editorial review 86 400 Own Home Loan - last updated: 1 October 2021

binocular icon
What's hot
  • Variable rates from 2.44% (2.73% comparison rate*) for 80% LVR
  • Free extra repayments and redraws
  • No Lender's Mortgage Insurance
What's not
  • $250 annual fee
Mozo snapshot

As one of Australia’s newest home loan lenders, digital bank 86 400 has some seriously sharp rates on offer for borrowers through its Own Home Loan with variable rates starting from just 2.74% (3.02% comparison rate*) for 85% LVR, with no required LMI, and even lower rates up for grabs if you've saved up a bigger deposit. Add in the ability to reduce your repayments with multiple offset accounts and free extra repayments and this could really be a loan that will turn heads.

key icon
Key features

86 400 is one of Australia’s tech-leading neobanks, and the first to launch home loans to Australian borrowers. The result? Some seriously low rates, innovative features and a digital application process that could not only help you save time, but money as well. 

Let’s dive in by looking at the Own Home Loan interest rates, which are based on a LVR tier system. For owner occupiers making principal and interest repayments on their loan:

  • For LVRs of 60% or less, rates start from 2.29% (2.58% comparison rate*)
  • For LVRs of 70% or less, rates start from 2.44% (2.73% comparison rate*)
  • For LVRs of 80% or less, rates start from 2.44% (2.73% comparison rate*)
  • For LVRs of 85% or less, rates start from 2.74% (3.02% comparison rate*).

86 400 has also included a bunch of handy loan features to help their borrowers stay on top of repayments. First of all, borrowers can use one or multiple 86 400 Pay and Save Accounts as offset accounts to reduce the size of the loan they’re making repayments on. 

Borrowers can even make unlimited extra repayments towards their loan (for free) if they’re trying to pay it off early, and dip back into those additional repayments (if necessary) with the free redraw facility. 

When it comes to repayment frequency, 86 400 give customers the flexibility to make their repayments on a schedule that suits them: either weekly, fortnightly or on a monthly basis. 

Okay, so how about fees? There are a couple you’ll need to budget for, including a $250 loan advance fee and $250 annual fee. While 86 400 won’t charge a valuation fee for your property if the valuation comes to under $300, if it’s over that they’ll only cover the first $300.

snapshot
Who is it good for

The Own Home Loan from 86 400 could be a great value option for borrowers with a smaller deposit, as it offers low variable rates and no LMI on 85% LVR. As an app-only bank, 86 400 may also appeal to tech savvy Aussies who are looking for a way to streamline their finances.

question icon
Any catches

Bear in mind that if you're after the lowest rates on offer, you'll need to have saved up a substantial 40% deposit; that said, even with a 20% deposit, you can still snag a low rate of 2.44% (2.73% comparison rate*).

Also, at the present time the 86 400 Own Home Loan is only available through brokers and not straight through the 86 400 app. That means if you’re interested you’ll need to head to the 86 400 website where they can match you up with a broker. 

However, as you’d expect of a digital bank like 86 400, they’ve made applications and approvals as simple as possible by digitising the entire process. That means that you’ll be able to verify your ID, send through documents and provide your signature all online. Plus, 86 400 claim the whole process can be up to six times faster than that of the big banks.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.29% p.a.

n/a

n/a

n/a

2.58% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

none

60.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.44% p.a.

n/a

n/a

n/a

2.73% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

60.00%

70.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.44% p.a.

n/a

n/a

n/a

2.73% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

70.00%

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.74% p.a.

n/a

n/a

n/a

3.02% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

80.00%

85.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.89% 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

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

none

60.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

2.90% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

60.00%

70.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.14% p.a.

n/a

n/a

n/a

2.95% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

70.00%

80.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.39% p.a.

n/a

n/a

n/a

2.68% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

none

60.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.49% p.a.

n/a

n/a

n/a

2.78% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

60.00%

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

n/a

n/a

n/a

2.87% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

70.00%

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.54% p.a.

n/a

n/a

n/a

2.70% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

none

60.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

n/a

n/a

n/a

2.78% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

60.00%

70.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Details

Rates and fees information correct as at 7 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.79% p.a.

n/a

n/a

n/a

2.91% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$250.00 yearly

$0.00

Other financial bits

none

none

70.00%

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

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.

Customer Reviews

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About 86 400

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.