P&N Bank drops reverse mortgage rates

P&N Bank drops reverse mortgage rates

P&N Bank has decreased the rate on its Easy Living Access Loan product by 0.25%p.a., taking the variable interest rate from 6.59%p.a. to 6.34%p.a. The change was effective Friday 27 May 2016.

As a member-owned bank our sole focus is to service and provide value to our members. Our product rates are regularly reviewed to ensure they remain competitive.

Affected members will be notified personally via mail from Tuesday 7 June. While there is no requirement to make repayments to Easy Living Access Loans, some members do choose to make regular repayments. If you would like to decrease your repayment to reflect this change, please call us on 13 25 77 or email [email protected]