P&N Bank Fixed Rate Home Loan

4.09% p.a.

4.98% p.a.

$8.00 monthly

Compare other home loans

4.19% p.a.

5.01% p.a.

$8.00 monthly

Compare other home loans

4.29% p.a.

5.03% p.a.

$8.00 monthly

Compare other home loans

4.39% p.a.

5.06% p.a.

$8.00 monthly

Compare other home loans

P&N Bank Fixed Rate Home Loan Review

Rates and fees information correct as at 24 April 2018.

Review published: 25 July 2014

What's hot:

  • Low 3.89% rate for 2 years

  • 2018 Mozo Experts Choice winner

  • Split account option available

What's not:

  • High revert rate

Mozo snapshot:

The P&N Fixed Rate Home Loan is available for borrowers who want to lock in the rate while it's hot for a period of 1-5 years. Value seekers should especially take note of the sizzling 3.89% fixed interest rate for 2 years. In fact, the loan was judged to be such a great value option for investors that it took home a best Investor Fixed Home Loan award in the 2018 Mozo Experts Choice Awards. 


Key features:

The P&N Fixed Rate Home Loan offers 1-5 year competitive fixed interest rates for loans with an LVR less than 80% - 3.59% for 1 year, 3.89% for 2 years, 4.09% for 3 years, 4.39% for 4 years and 4.59% for 5 years. For loans with an LVR greater than 80% the fixed rates are just 0.10% higher. After the fixed interest rate term ends the rate reverts to the Easypay Home Loan variable interest rate.

You can have the best of both worlds by splitting your home loan between a fixed and variable rate. You also have the option to attack interest immediately with interest only repayments available for up to 5 years.

First home buyers you'll be glad to hear that the P&N Fixed Rate Home Loan allows you to borrow up to 90% of the property's value for amounts above $20k.   

Who it's good for:

If you're looking for a competitive fixed rate home loan - without the bells and whistles - and want to know your repayment schedule for the next few years then the P&N Fixed Rate Home Loan could be perfect for you.

Any catches?

While the home loan comes with great rates, it lacks features like extra repayments, a redraw facility or an offset account. So weigh up whether you need these options before you apply.

How are P&N Bank home loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.3

Based on 21
P&N Bank home loans reviews

8.1 7.5 8.4 8.6 8.4

Read P&N Bank home loan reviews by the Mozo community

Latest review of P&N Bank Fixed Rate Home Loan

P&N Bank

P&N Bank Fixed Rate Home Loan (Owner Occupier, LVR<80%) home loan review

Overall rating   9 / 10

Competitive packages and great customer service

Switching to P&N Bank was easy, the customer service is excellent with the mobile rep coming out almost any time you need them. I have a combination of two home loans, the majority as a fixed loan and the remainder as a variable loan, so I could...

Full review

Switching to P&N Bank was easy, the customer service is excellent with the mobile rep coming out almost any time you need them. I have a combination of two home loans, the majority as a fixed loan and the remainder as a variable loan, so I could get an offset account against the variable loan portion. Offset accounts were not offered for the fixed loan - not sure if any bank does that. Staff at the branches (I used two until now) and over the phone are very helpful and supportive. And they are local staff. You are definitely NOT connected to a call centre in India, where the people don't understand you because you have an accent different from Westminster English...

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Bodo (WA), reviewed over 4 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.59% (5.11%*)

  • 3.89% (5.03%*)

  • 4.09% (4.98%*)

  • 4.39% (5.00%*)

  • 4.59% (5.03%*)

  • (*)

  • (*)

  • 5.14% p.a.

Fees

  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $8.00 monthly

  • $350.00

Other financial bits

  • $20,000

  • none

  • none

  • 80.00%

Features

  • Monthly

  • no

  • none

  • no

  • none

  • yes

  • no

  • Legal fee is payable at cost

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.69% (5.12%*)

  • 3.99% (5.05%*)

  • 4.19% (5.01%*)

  • 4.49% (5.04%*)

  • 4.69% (5.08%*)

  • (*)

  • (*)

  • 5.14% p.a.

Fees

  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $8.00 monthly

  • $350.00

Other financial bits

  • $20,000

  • none

  • 80.00%

  • 90.00%

Features

  • Monthly

  • no

  • none

  • no

  • none

  • yes

  • no

  • Legal fee is payable at cost

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.29% (5.18%*)

  • 4.09% (5.07%*)

  • 4.29% (5.03%*)

  • 4.79% (5.14%*)

  • 4.99% (5.20%*)

  • (*)

  • (*)

  • 5.14% p.a.

Fees

  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $8.00 monthly

  • $350.00

Other financial bits

  • $20,000

  • none

  • none

  • 80.00%

Features

  • Monthly

  • no

  • none

  • no

  • none

  • yes

  • no

  • Legal fee is payable at cost

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (5.19%*)

  • 4.19% (5.09%*)

  • 4.39% (5.06%*)

  • 4.89% (5.18%*)

  • 5.09% (5.24%*)

  • (*)

  • (*)

  • 5.14% p.a.

Fees

  • $395.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $8.00 monthly

  • $350.00

Other financial bits

  • $20,000

  • none

  • 80.00%

  • 90.00%

Features

  • Monthly

  • no

  • none

  • no

  • none

  • yes

  • no

  • Legal fee is payable at cost

  • none

About P&N Bank

P&N Bank is Western Australia's largest mutual bank, and offers competitive rates and fees that are personalised to its members. Formerly Police & Nurses Credit Society, P&N has served the local Western Australian community for over 30 years, and provides a range of quality banking and financial services including credit cards, bank and savings accounts, term deposits, home and personals loans, and insurance products. As a mutual bank, every member has a say, and profits go directly back into benefiting its members.

*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.

Compare other home loans
Advertisement