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 95%

The details shown below are for an owner occupier taking out a interest only loan up to with an LVR below 95%

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 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan:

  • Owner Occupier (Interest Only)

    LVR < 95%

    Loan:

  • Investor (Principal & Interest)

    LVR < 80%

    Loan:

  • Investor (Interest Only)

    LVR < 80%

    Loan:

3.62% p.a.

3.63% p.a.

$0.00

Kogan Money Essential Fixed Home Loan

3.62% p.a.

3.63% p.a.

$0.00

4.51% p.a.

4.10% p.a.

$0.00

Kogan Money Essential Fixed Home Loan

4.51% p.a.

4.10% p.a.

$0.00

3.82% p.a.

3.89% p.a.

$0.00

Kogan Money Essential Fixed Home Loan

3.82% p.a.

3.89% p.a.

$0.00

4.02% p.a.

4.18% p.a.

$0.00

Kogan Money Essential Fixed Home Loan

4.02% p.a.

4.18% p.a.

$0.00

Mozo Review   Kogan Money Essential Fixed Home Loan Review

Last updated: 7 December 2018.

What's hot:
  • 3.96% fixed rate for 3 years (3.77% comparison rate)

  • Free extra repayments and redraw facility

  • Borrow with as little as 5% deposit

What's not:
  • $200 discharge fee

Mozo snapshot:

The 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 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:

  • 80% 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 3.76% interest rate (3.71% comparison rate), or may pick a 5 year loan with a 4.72% interest rate (4.13% 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.

Who it's 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.

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 20 June 2019. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.76% (3.65%*)

  • 3.62% (3.63%*)

  • 3.62% (3.63%*)

  • 4.62% (3.97%*)

  • 4.72% (4.08%*)

  • (*)

  • (*)

  • 3.62% p.a.

Fees
  • $150.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $200.00

Other financial bits
  • none

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • yes - free

  • none

  • yes

  • no

  • 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 20 June 2019. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.41% (4.00%*)

  • 4.47% (4.05%*)

  • 4.51% (4.10%*)

  • 5.01% (4.32%*)

  • 5.01% (4.40%*)

  • (*)

  • (*)

  • 3.94% p.a.

Fees
  • $150.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $200.00

Other financial bits
  • none

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • yes - free

  • none

  • yes

  • no

  • 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 20 June 2019. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.06% (3.92%*)

  • 3.82% (3.89%*)

  • 3.82% (3.89%*)

  • 4.72% (4.19%*)

  • 4.82% (4.29%*)

  • (*)

  • (*)

  • 3.89% p.a.

Fees
  • $150.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $200.00

Other financial bits
  • none

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • yes - free

  • none

  • yes

  • no

  • 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 20 June 2019. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.26% (4.24%*)

  • 4.02% (4.20%*)

  • 4.02% (4.18%*)

  • 5.43% (4.65%*)

  • 5.43% (4.74%*)

  • (*)

  • (*)

  • 4.22% p.a.

Fees
  • $150.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $200.00

Other financial bits
  • none

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 p.a.

  • no

  • yes - free

  • none

  • yes

  • no

  • 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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