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- Home Loans
- P&N Bank
- & Basic Home Loan (LVR < 60%)
& Basic Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.24%
Comparison rate* p.a.
6.27%
& Basic Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.24%
Comparison rate* p.a.
6.27%
Calculate your repayments for this loan
$
Your estimated repayment
$3,075
based on 500000 loan amount for 25 years at 6.24%
Monthly Repayment
$3,075
Total interest
$607,121
Total payments
$1,107,121
Start date
04-2024
End date
04-2049
$1,107,121
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For & Basic Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
P&N Bank Variable Rate Home Loan overview
For & Basic Home Loan (LVR < 60%)
Details
Maximum LVR
60%
Total repayments
$1,107,121
Interest rate type
Variable
Borrowing range
$20k - $100m
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
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$300
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$300
Ongoing fee
$0
Discharge fee
$395
