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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 90% | ||
| | Owner Occupier | Interest Only | < 90% | ||
| | Investor | Principal & Interest | < 90% | ||
| | Investor | Interest Only | < 90% |
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:
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.
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 a 5 year loan with a 2.82% interest rate (3.09% comparison rate).
If you are looking for ways 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 those extra funds back if you need to and there’s no minimum withdrawal amount.
Another way you can save on interest is by placing your funds into an offset account, just 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.
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 an attractive option.
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.
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.
$150.00
$0.00
$0.00
$0.00
n/a
$0.00
$200.00
none
none
none
90.00%
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.
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.
$150.00
$0.00
$0.00
$0.00
n/a
$0.00
$200.00
none
none
none
90.00%
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.
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.
$150.00
$0.00
$0.00
$0.00
n/a
$0.00
$200.00
none
none
none
90.00%
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.
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.
$150.00
$0.00
$0.00
$0.00
n/a
$0.00
$200.00
none
none
none
90.00%
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.
This product is not currently reviewed.
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2.76% p.a.
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3.01% 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.
