Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
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Owner Occupier | Principal & Interest, Interest Only | < 80% | $20,000 | |
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Owner Occupier | Principal & Interest, Interest Only | 80%-95% | $20,000 | |
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Investor | Principal & Interest, Interest Only | < 80% | $20,000 | |
|
|
Investor | Principal & Interest, Interest Only | 80%-90% | $20,000 |
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 at the 6.54% p.a. fixed interest rate (6.32% p.a. 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% - 6.54% for 1 year (6.32% comparison rate*), 6.39% for 3 years (6.33% comparison rate*) and 6.49% for 4 years (6.37% comparison rate*). After the fixed interest rate term ends the rate automatically reverts to a variable interest rate of 6.29% p.a.
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. You will also be able to make additional repayments of up to $25,000 during the fixed period.
First home buyers you'll be glad to hear that the P&N Fixed Rate Home Loan allows you to borrow up to 95% of the property's value for amounts above $20,000.
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.
This home loan lacks features like a redraw facility or an offset account. So weigh up whether you need these options before you apply.
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n/a |
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n/a |
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n/a |
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n/a |
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6.54% (6.32%*) |
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5.99% (6.24%*) |
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6.39% (6.33%*) |
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6.49% (6.37%*) |
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6.49% (6.39%*) |
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n/a |
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n/a |
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6.29% p.a. |
|
$0.00 |
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n/a |
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n/a |
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$0.00 |
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n/a |
|
|
$0.00 |
|
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$395.00 |
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$20,000 |
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none |
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none |
|
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80.00% |
|
Monthly |
|
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yes - free up to $25,000 during fixed period |
|
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none |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
Legal and valuation 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.
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n/a |
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n/a |
|
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n/a |
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n/a |
|
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6.64% (6.33%*) |
|
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6.09% (6.26%*) |
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6.49% (6.35%*) |
|
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6.59% (6.41%*) |
|
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6.59% (6.43%*) |
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n/a |
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n/a |
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6.29% p.a. |
|
$0.00 |
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n/a |
|
|
n/a |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$395.00 |
|
$20,000 |
|
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none |
|
|
80.00% |
|
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95.00% |
|
Monthly |
|
|
yes - free up to $25,000 during fixed period |
|
|
none |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
Legal and valuation 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 |
|
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6.59% (6.51%*) |
|
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6.39% (6.48%*) |
|
|
6.49% (6.50%*) |
|
|
6.54% (6.52%*) |
|
|
6.69% (6.58%*) |
|
|
n/a |
|
|
n/a |
|
|
6.49% p.a. |
|
$0.00 |
|
|
n/a |
|
|
n/a |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$395.00 |
|
$20,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Monthly |
|
|
yes - free up to $25,000 during fixed period |
|
|
none |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
Legal and valuation 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 |
|
|
6.79% (6.53%*) |
|
|
6.59% (6.52%*) |
|
|
6.59% (6.52%*) |
|
|
6.74% (6.59%*) |
|
|
6.89% (6.67%*) |
|
|
n/a |
|
|
n/a |
|
|
6.49% p.a. |
|
$0.00 |
|
|
n/a |
|
|
n/a |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$395.00 |
|
$20,000 |
|
|
none |
|
|
80.00% |
|
|
90.00% |
|
Monthly |
|
|
yes - free up to $25,000 during fixed period |
|
|
none |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
Legal and valuation 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...
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% 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.
