P&N Bank Home Loan

Variable interest rates starting from 6.13% (6.15%)*

Compare P&N Bank home loan products, fees and features

Cheapest Variable Home Loan

& Basic Variable Home Loan
Product
6.13%
Variable Rate
6.15%
Comparison Rate
No
Offset Account
-
Ongoing Fee
Follow the link to learn about P&N Bank's fixed rate products

P&N Bank was established in 1969 as the Western Australian Police Union Cooperative Credit Society. Then after several mergers, including in 1990 when they became Police & Nurses Credit Society, which then evolved into the P&N Bank you know today.

P&N Bank is a bank located in Western Australia that is customer-owned. Their goal is to improve communities and the lives of customers within them. They provide many services to all and are an award winning business. They work towards online and internet banking that is more simple for some and they can provide support at all times. They also support these groups by sponsorships to give back to the community of their customers and make a difference.




P&N Bank Refinance Rebate *

To know it can be a challenge when refinancing your home loan, so to support our essential works we are offering a $1,500 rebate.

The Banking Package includes $1,500 rebate on eligible home loans, no establishment or monthly fees on home loans and 100% offset facility (on variable rate home loans).

In order to qualify for the Home Loan Banking Package, members must meet the following criteria and terms and conditions:

  • Currently employed within:
    • WA Police staff, including auxiliary officer and any WAPOL Employee
    • Nurse, including clinical, registered, and travel
    • Teacher, including specialist (e.g. language), Tafe, and University
    • DFES firefighters only
    • Prison Officers only
  • Borrower(s) must be 18 years and over
  • Home loan applications must not be for refinances of existing P&N Bank and BCU Bank loans
  • The amount of the home loan must be at least $250,000 and can include a combination of variable and fixed rate home loans where the combined balance is at least $250,000
  • The Loan to Valuation Ratio (LVR) of the home loan must be 80% or less
  • Home loans can be originated from either proprietary or broker channels
  • For joint applicants, only one Rebate Payment will be paid
  • The Rebate Payment cannot be used in conjunction with any other home loan rebate offer currently being made by P&N Bank
  • The Rebate Payment will not be considered in assessing home loan serviceability
  • The Rebate Payment of the Home Loan and will be paid into your P&N Bank transaction account (held either solely or jointly with a co-borrower) by the end of the following month post the drawdown of the loan(s). For example, if the loan is drawn down in February, the Rebate Payment will be credited to your account by 31 March. If you do not have a P&N Bank transaction account, you will be required to open one to receive the Rebate Payment
  • Tax consequences may arise from the Rebate Payment, and Members may need to seek independent advice on any taxation matters
  • The terms of the Rebate Payment can be amended and/or withdrawn by P&N Bank without notice. However, we will only do so where reasonably necessary to protect our legitimate business interests. Any amendment or withdrawal will not affect prior received loan applications, unless necessary to:comply with any change or anticipated change to any relevant law, code of practice, regulatory guidance or general banking practice;reflect a decision of a court, ombudsman or regulator;reflect a change in our systems or procedures, including for security reasons; orrespond to changes in the cost of providing home loans
  • Apply from 28/02/2024, and settle within 120 days of the loan application date
Offer ends 31 December 2024

P&N Bank Home Loan Product Features

Home Loan Product& Basic Variable Home Loan& Investment Home LoanBridging LoanEquity AccessOffset Home Loan
Lowest Variable Rate
(Comparison Rate)
6.13% (6.15%)*6.49% (6.51%)*9.52% (9.54%)*9.12% (9.14%)*6.34% (6.36%)*
Max LVR60%90%80%90%60%
Min Loan Amount$20,000$20,000$20,000$20,000$20,000

Product Fees

Application-----
Settlement$300$300$300$300$300
Discharge$395$395$395$395$395
Ongoing Fee -
(monthly)
-
(annually)
-
(annually)
-
(annually)
-
(monthly)
Peter Hammond Mortgage Broker

Contact Sydney mortgage broker

Are you trying to compare P&N Bank's interest rates, discharge fees, settlement fees or applicant fees?

We have over 20 years of experience working with different Australian Home Loan providers, including P&N Bank. Speak with Get a Better Rate and have an experienced Mortgage Broker help navigate your next home loan. Based in the Sydney CBD, Get a Better Rate partners with over 40 top Australia Home Loan providers, reach out for a chat today!

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Product Features

Home Loan Product& Basic Variable Home Loan& Investment Home LoanBridging LoanEquity AccessOffset Home Loan
RepaymentWeekly, Fortnightly, MonthlyWeekly, Fortnightly, MonthlyWeekly, Fortnightly, MonthlyWeekly, Fortnightly, MonthlyWeekly, Fortnightly, Monthly
Offset
Redraw
EFTPOS
Debit Card
BPay
Internet Banking
Bridging
Construction

Ready to Apply?

Before you start the process, it's important to understand your goals and strategy. Whether you are refinancing to a lower interest rate, purchasing a new home or looking to renovate.

Use our home loan repayment calculator and compare repayments against what your budget.

Step 1.

Prepare your paper work:
  • Have your income statements

  • Prepare your expense budget

  • Know your monthly liabilities and credit card limits

  • Australian ID documents

Step 2.

Speak with our expert mortgage brokers

Enquire

  • Call us 1300 029 053

P&N Bank Fixed Home Loan Rates

The fixed rate graph is a representation of P&N Bank's historical fixed rates. It has been designed to provide you with context, in relations to rate cycles and where the current fixed rate sits within this cycle.

We have prepared a guide to help you better understand the potential benefits and limitations of fixing your home loan.

P&N Bank's current fixed rates are displayed above each graph. The graph contains historical rates which are not avalaible and are shown as a guide only. It is always recommended that you speak with your lender or mortgage broker, before fixing your home loan. It is important you understand the risks, such as potential breakfees or feature limitations such as redraw that may relate to your circumstance.

Additional resources and tools

No matter what aspect of home loans you want to address with us, we have plenty of additional resources and tools to help you. Whether you want to compare home loans with the P&N Bank, calculate your loan repayments, or figure out how much you will save when you refinance your existing loan, Get a Better Rate has you covered.

Refinance Calculator

Our refinance comparison calculator, will help you understand what you could be savings on your home loan

Use calculator

Loan Repayment

How much will be loan repayments be?

Use calculator

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