P&N Bank Home Loan

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

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

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

& 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

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Additional resources and tools

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