BSB 806 015

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BSB 806 015

1.99% fixed rate home loan

WA’s customer-owned P&N Bank has decreased its one-year owner-occupier fixed rate home loans to 1.99% p.a.

19 Oct2020

WA’s customer-owned P&N Bank has decreased its one-year owner-occupier fixed rate home loans to 1.99% p.a.

P&N Bank’s lowest-ever fixed rate home loans are among the best in market, with the additional benefits of no monthly fee and no establishment fee.

Effective Friday 16 October, P&N Bank’s owner-occupier one-year fixed rate change is as follows:

  • One-year fixed rate (owner-occupier) LVR<80% - cut by 101 bps to 1.99% p.a. (comparison rate 3.70% p.a.).

In announcing the rate change, P&N Bank General Manager, Anna Pearce, confirmed that as a customer-owned bank, P&N Bank is committed to providing highly competitive fixed and variable rate options to all existing and new customers. 

“Fixed rate home loans are an attractive option to standard variable rate home loans, as they offer certainty around repayment amounts by locking in low rates in uncertain times,” said Ms Pearce.

“With the option of low fixed, variable or split rate home loans, there’s never been a better time for new home buyers or existing home loan borrowers looking to refinance to capitalise on our low rate loans.”

“Underpinned by our strong customer satisfaction and advocacy, P&N Bank delivers an attractive proposition for those West Australians who wish to save money, enjoy great service and belong to a bank that exists solely for them and not external shareholders.”

For more information, please visit pnbank.com.au

Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Terms, conditions, fees and charges apply. Comparison rates are based on a loan of $150,000 for 25 years. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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