The details shown below are for an owner occupier taking out a principal & interest, interest only loan of at least $20,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest, interest only loan of at least $20,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest, interest only loan of at least $20,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest, interest only loan of at least $20,000 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, Interest Only | < 80% | $20,000 | |
| | Owner Occupier | Principal & Interest, Interest Only | 80%-95% | $20,000 | |
| | Investor | Principal & Interest, Interest Only | < 80% | $20,000 | |
| | Investor | Principal & Interest, Interest Only | 80%-90% | $20,000 |
Owner Occupier (Principal & Interest, Interest Only)
LVR < 80%
Loan: $20,000
Owner Occupier (Principal & Interest, Interest Only)
LVR 80%-95%
Loan: $20,000
Investor (Principal & Interest, Interest Only)
LVR < 80%
Loan: $20,000
Investor (Principal & Interest, Interest Only)
LVR 80%-90%
Loan: $20,000
A 2021 Mozo Experts Choice Award winner for best Split Home Loan, P&N Bank's Fixed Rate Home Loan is available for borrowers who want to lock in a rate for between one and five years. Value seekers should especially take note of the sizzling 1.99% fixed interest rate (3.70% comparison rate*) for 1 year terms.
The P&N Fixed Rate Home Loan offers 1-5 year competitive fixed interest rates for loans with an LVR less than 80% - 1.99% for 1 year (3.70% comparison rate*), 1.99% for 2 years (3.54% comparison rate*) and 1.99% for 3 years (3.39% comparison rate*). 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 Smooth 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.
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.
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.
n/a
n/a
n/a
n/a
1.99% (3.70%*)
1.99% (3.54%*)
1.99% (3.39%*)
1.99% (3.26%*)
2.39% (3.28%*)
n/a
n/a
3.87% p.a.
$0.00
n/a
$0.00
$0.00
n/a
$0.00
$350.00
$20,000
none
none
80.00%
Monthly
no
none
no
none
yes
no
Legal fees charged at cost.
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
2.19% (3.81%*)
2.14% (3.66%*)
2.09% (3.50%*)
2.29% (3.43%*)
2.69% (3.47%*)
n/a
n/a
3.97% p.a.
$0.00
n/a
$0.00
$0.00
n/a
$0.00
$350.00
$20,000
none
80.00%
95.00%
Monthly
no
none
no
none
yes
no
Legal fees charged at cost.
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
2.49% (3.75%*)
2.29% (3.60%*)
2.29% (3.48%*)
2.69% (3.49%*)
2.69% (3.41%*)
n/a
n/a
3.87% p.a.
$0.00
n/a
$0.00
$0.00
n/a
$0.00
$350.00
$20,000
none
none
80.00%
Monthly
no
none
no
none
yes
no
Legal fees charged at cost.
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
2.69% (3.86%*)
2.49% (3.72%*)
2.49% (3.60%*)
2.89% (3.62%*)
2.89% (3.55%*)
n/a
n/a
3.97% p.a.
$0.00
n/a
$0.00
$0.00
n/a
$0.00
$350.00
$20,000
none
80.00%
90.00%
Monthly
no
none
no
none
yes
no
Legal fees charged at cost.
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.
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...
Read full reviewSwitching 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...
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.
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2.47% p.a.
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fixed 3 years
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fixed 3 years
2.97% p.a.
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1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
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Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
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1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
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1.79% p.a.
1.84% p.a.
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Variable Home Loan Special
2.09% p.a.
2.12% p.a.
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Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
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Star Classic Fixed Home Loan
n/a
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People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.89% p.a.
fixed 3 years
3.03% 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.
