Important disclosure

P&N Bank

& Basic Home Loan

  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I

6.24%

p.a

6.25%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

6.24%

p.a

Comparison Rate*

6.25%

p.a

ly Repayment

$0

based on $500,000 loan amount for 25 years at 6.24%

& Basic Home Loan

Find your ideal home loan from one of the 3 home loans from P&N Bank

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 60%

6.24% p.a.

6.25% p.a.

Product Info
Variable
Up to 79.99%

6.29% p.a.

6.30% p.a.

Product Info
Variable
Up to 95%

6.59% p.a.

6.60% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate

P&N Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

Azm Khan

NSW, 2150

Customer Representative Number: 463273

Spencer Lawson

QLD, 4300

Australian Credit Licence: 392200

Ainslie Conheady

VIC, 3205

Customer Representative Number: 511481

P&N Bank Variable Rate Home loan overview

For & Basic Home Loan (LVR < 60%)

Details

Maximum LVR

60%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

5 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit P&N Bank to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$0

Application fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$395

Pros and cons

For & Basic Home Loan (LVR < 60%)

Benefits

  • Interest rates ranked in the best 20%
  • No upfront or ongoing fees
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • No offset account
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 60% of the property's value

How to apply

If you'd like to apply for this home loan or just get more information, follow the application process to speak to an P&N Bank mortgage specialist.

Home loans

Looking for more P&N Bank products?

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Lower Rate

Variable Rate Home Loan – Refinance Only

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 20% min deposit
  • P&I

2024 Award Winner

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.
Interest Rate

5.99%

p.a

Comparison Rate*

5.90%

p.a

Promoted

Major Banks

Simplicity Plus Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I

Cashback

$2,000 cashback when you refinance an eligible home loan.
Interest Rate

7.24%

p.a

Comparison Rate*

7.24%

p.a

Promoted

Generic

Basic Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 20% min deposit
  • P&I

Cashback

Receive $2000 in cashback when you refinance. T&Cs apply.
Interest Rate

6.29%

p.a

Comparison Rate*

6.30%

p.a

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 60 percent, which means it requires a minimum deposit of 40 percent

What's the maximum length for this loan?

P&N Bank allows you to have this loan for a range of 5 to 30 years.

How often can you make repayments?

P&N Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $0 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact P&N Bank.

Can a broker help me with this loan?

Yes, this P&N Bank loan is available through a broker. Find a broker to help you with your needs.