Our basic home loan
Our Basic Variable Home Loan has no establishment or monthly fee.
Low rate
Low variable interest rate for new owner occupier borrowings up to 95% of the property value.
Redraw available
Pay more into your home loan and access the funds when you need them.
Our Basic Variable Home Loan? Now we're talking
- Pay off your loan sooner – you can make additional payments on your Basic Variable Home Loan, to help pay off your mortgage sooner.
- Loans up to 95% of the property value – borrow up to 95% of the property value so you can get into your home sooner.
- Borrowing less than 60%? – Enjoy a lower rate when you borrow less than 60% of the value of your property.
- We're here to make you home loan savvy – our First Home Buyers Hub gives you all the information you need to understand the home buying process. From knowing how much of a deposit you'll need, to helping you understand all the terms you'll come across.
We can come to you
When you’re on the clock, our mobile lenders can work around it – and they'll meet you anywhere in the Perth metropolitan area.
Whether that be in the comfort of your home, at work, or at your favourite coffee shop; morning, afternoon, or evening; face to face, or even via a video call. We'll find a time that works best for you.
Interest rates & fees
| Loan to Value Ratio (LVR) | Variable rate | Comparison rate |
|---|---|---|
| Less than 60% | 6.13% p.a. | 6.16% p.a. |
| Less than 70% | 6.17% p.a. | 6.20% p.a. |
| Less than 80% | 6.19% p.a. | 6.22% p.a. |
| Less than 90% | 6.89% p.a. | 6.92% p.a. |
| Less than 95% | 6.89% p.a. | 6.92% p.a. |
| Fee type | |
|---|---|
| Monthly maintenance fee | $0 |
| Loan establishment fee | $0 |
| Switch fee (from other P&N Bank loan) | $300.00 |
Other fees & charges that apply to all of our accounts can be found on our fees and charges page.
Speak to a home loan specialist
Whether you're ready to apply for a home loan or simply want to speak to someone about your options, we've got you covered!
Book an appointment
We want to make buying a home as easy as possible, so you can request an appointment in one of our branches, at your home or work, or via video call with our virtual lending team.
Request a call-back
Are you after more information? One of our experienced home lenders will get in touch with you to answer any questions you may have.
You may also be interested in:
How much do I need for a home loan deposit?
We've answered some of the common questions from first-time home buyers about deposits, LMI, LVR and using a guarantor.
A guide to refinancing a home loan
We’ve highlighted some important things to consider when you decide to refinance a home loan and addressed some common homeowner questions.
Five ways to prove your borrowing ability
Here are some tips to help you demonstrate that you could be a good borrower, and also boost your confidence in your ability to repay debt.
Important information
Banking and Credit products issued by Police & Nurses Limited (P&N Bank).
Any information on this website is general and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View terms & conditions
- View fees and charges
- View credit guide
- Create a Home Loan Key Fact Sheet
- View LMI Information Fact Sheet
- View Target Market Determinations (TMDs)
*Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
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.