Thumbnail icon for Kogan Money

Kogan Money Essential Fixed Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 90%

The details shown below are for an investor taking out a interest only loan up to with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan:

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan:

  • Investor (Principal & Interest)

    LVR < 90%

    Loan:

  • Investor (Interest Only)

    LVR < 90%

    Loan:

Fixed 3 year rate
2.45% p.a.
Comparison Rate*
3.07% p.a.
Service fee
$0.00
Upfront fee
$150
Fixed 3 year rate
2.82% p.a.
Comparison Rate*
3.73% p.a.
Service fee
$0.00
Upfront fee
$150
Fixed 3 year rate
2.62% p.a.
Comparison Rate*
3.31% p.a.
Service fee
$0.00
Upfront fee
$150
Fixed 3 year rate
2.82% p.a.
Comparison Rate*
3.17% p.a.
Service fee
$0.00
Upfront fee
$150

Mozo editorial review Kogan Money Essential Fixed Home Loan

Last updated: 2 July 2020.

binocular icon
What's hot
  • 2.45% fixed rate for 3 years (3.07% comparison rate)
  • Free extra repayments and redraw facility
  • Borrow with as little as 5% deposit
  • 2020 Mozo Experts Choice Award
What's not
  • $200 discharge fee
Mozo snapshot

The 2020 Mozo Experts Choice Award winning Kogan Money Essential Fixed Home Loan comes with no ongoing fees, a flexible repayment schedule, and some competitive fixed interest rates, depending on the type of borrower you are. You’ll also have the option of an offset account, be able to make as many free extra repayments as you want, and access a redraw facility. Just remember, there is a $150 upfront application fee to budget for.

key icon
Key features

The Kogan Money Essential Fixed Home Loan is a fixed rate loan available to both investors and owners occupiers. There are different interests rates on offer for different borrowers and investors and owners occupiers also have different maximum LVRs available:

  • 90% or lower for investors

  • 95% or lower for owner occupiers

Borrowers can also choose between principal and interest repayments, or interest only.

Like many fixed rate loans, your interest rate will depend on whether your fixed rate is 1, 2, 3, 4 or 5 years.

For example, an owner occupier looking for a principal and interest loan, may choose a 1 year loan with a 2.40% interest rate (3.14% comparison rate), or may pick a 5 year loan with a 2.82% interest rate (3.09% comparison rate). Or they may want a 2, 3 or 4 year loan, which all have their own interest rate.

If you are looking for a possible way to save on interest, you may want to consider making extra repayments, which you can do for free. Even better, the loan has a free redraw facility so you can get any extra repayments back if you need to and there’s no minimum withdrawal amount.

Another way you can save in interest, is by placing your funds into an offset account, however keep in mind this option will cost you $10 a month.

The loan also gives borrowers the option of choosing a repayment schedule that fits in with their budget, offering the choice of weekly, fortnightly or monthly repayments.

snapshot
Who is it good for

For any borrower looking for a stable fixed rate home loan, the Kogan Money Essential Fixed Home Loan could be the right choice. If you’re trying to get into the market with a small deposit, this one might also be a great choice for you.

snapshot
Any catches

Be aware of the upfront application fee of $150, plus, if you do decide to go for the optional offset account, make sure you use it, so you’re not wasting money on an unused feature.

Details

Rates and fees information correct as at 25 October 2020. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.40% (3.14%*)

  • 2.40% (3.10%*)

  • 2.45% (3.07%*)

  • 2.82% (3.11%*)

  • 2.82% (3.09%*)

  • n/a

  • n/a

  • 3.17% p.a.

Fees
  • $150.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $200.00

Other financial bits
  • none

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • yes - free

  • none

  • yes

  • no

  • none

  • 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 25 October 2020. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.77% (3.92%*)

  • 2.77% (3.81%*)

  • 2.82% (3.73%*)

  • 3.32% (3.80%*)

  • 3.32% (3.75%*)

  • n/a

  • n/a

  • 4.02% p.a.

Fees
  • $150.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $200.00

Other financial bits
  • none

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • yes - free

  • none

  • yes

  • no

  • none

  • 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 25 October 2020. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.57% (3.45%*)

  • 2.57% (3.37%*)

  • 2.62% (3.31%*)

  • 3.12% (3.40%*)

  • 3.12% (3.38%*)

  • n/a

  • n/a

  • 3.52% p.a.

Fees
  • $150.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $200.00

Other financial bits
  • none

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • yes - free

  • none

  • yes

  • no

  • none

  • 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 25 October 2020. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.77% (3.24%*)

  • 2.77% (3.20%*)

  • 2.82% (3.17%*)

  • 3.32% (3.30%*)

  • 3.32% (3.30%*)

  • n/a

  • n/a

  • 3.27% p.a.

Fees
  • $150.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $200.00

Other financial bits
  • none

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • yes - free

  • none

  • yes

  • no

  • none

  • 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

This product is not currently reviewed.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

Promoted

Macquarie

Macquarie

Offset Home Loan (Package)

2.54% p.a. variable

2.81% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.29% p.a. variable

2.32% p.a.

Promoted

Suncorp

Suncorp

Back to Basics

2.68% p.a. variable

2.69% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

Promoted

Macquarie

Macquarie

Offset Home Loan (Package)

2.54% p.a. variable

2.81% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.29% p.a. variable

2.32% p.a.

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

Promoted

Macquarie

Macquarie

Offset Home Loan (Package)

2.54% p.a.

2.81% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

Promoted

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

Promoted

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.29% p.a.

2.32% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

Promoted

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

n/a

n/a

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Homestar

Homestar

Star Classic Fixed Home Loan

2.06% p.a.
fixed 3 years

2.38% p.a.

Promoted

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.25% p.a.
fixed 3 years

3.41% p.a.

Promoted

IMB Bank

IMB Bank

Fixed Home Loan

2.39% p.a.
fixed 3 years

3.08% p.a.

Promoted

AMP Bank

AMP Bank

Fixed Rate Loan (Professional Package)

2.49% p.a.
fixed 3 years

3.07% p.a.

*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.