BSB 806 015

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BSB 806 015

Updates to interest rates on P&N Bank accounts

In response to the Reserve Bank of Australia’s (RBA) cash rate increase of 0.25% p.a. on Tuesday 6 December 2022, we will be increasing our interest rates across several of our deposit and lending products.

The complete list of upcoming rate changes for P&N Bank products can be found below.

Effective from Thursday 15 December 2022, the following changes to our variable home loan interest rates will apply:

Variable rate home loans Current rate New rate
& Basic Home Loan up to 60% LVR 4.49% p.a. 4.74% p.a.
& Basic Home Loan > 60% - 80% LVR 4.59% p.a. 4.84% p.a.
& Basic Home Loan > 80% - 90% LVR 4.69% p.a. 4.94% p.a.
Offset Home Loan up to 60% LVR 4.59% p.a. 4.84% p.a.
Offset Home Loan > 60% - 80% LVR 4.69% p.a. 4.94% p.a.
Offset Home Loan > 80% - 95% LVR 4.89% p.a. 5.14% p.a.
Simple Home Loan 5.47% p.a. 5.72% p.a.
& Home Loan (Intro Rate) 5.29% p.a. 5.54% p.a.
& Home Loan 5.77% p.a. 6.02% p.a.
Variable Home Loan (Owner Occupied)^ 4.69% p.a. 4.94% p.a.
Variable Home Loan (Investor)^ 5.03% p.a. 5.28% p.a.
& Investor Home Loan (P&I) 5.03% p.a. 5.28% p.a.
& Investor Home Loan (IO) 5.33% p.a. 5.58% p.a.
& Investor Basic Loan < 70% LVR (P&I) 4.84% p.a. 5.09% p.a.
& Investor Basic Loan < 70% LVR (IO) 5.14% p.a. 5.39% p.a.
& Investor Basic Loan > 70% LVR (P&I) 4.94% p.a. 5.19% p.a.
& Investor Basic Loan > 70% LVR (IO) 5.24% p.a. 5.49% p.a.
Equity / Investor Access Home Loan 7.62% p.a. 7.87% p.a.
Reverse Mortgage Home Loan 7.50% p.a. 7.75% p.a.
Bridging Home Loan 8.02% p.a. 8.27% p.a.
Smooth Home Loan ≤ 80% LVR 6.62% p.a. 6.87% p.a.
Smooth Home Loan > 80% LVR 6.72% p.a. 6.97% p.a.
Easy Living Access Loan# 7.50% p.a. 7.75% p.a.
Easypay Plus Home Loan > $750K < 80% LVR# 6.02% p.a. 6.27% p.a.
Easypay Plus Home Loan > $500K < 80% LVR# 6.12% p.a. 6.37% p.a.
Easypay Plus Home Loan < $500K < 80% LVR# 6.22% p.a. 6.47% p.a.
Easypay Plus Home Loan > $500K > 80% LVR# 6.27% p.a. 6.52% p.a.
Easypay Plus Home Loan < $500K > 80% LVR# 6.37% p.a. 6.62% p.a.
Easypay Plus Equity Access > $500K# 6.77% p.a. 7.02% p.a.
Easypay Plus Equity Access < $500K# 6.87% p.a. 7.12% p.a.
Easypay Home Loan 6.87% p.a. 7.12% p.a.
Business Loan# 7.02% p.a. 7.27% p.a.
Dream Home Loan# 6.46% p.a. 6.71% p.a.
Lifestyle Home Loan / Secured Loan# 6.87% p.a. 7.12% p.a.
Advantage Home Loan / Advantage Plus# 6.87% p.a. 7.12% p.a.
Variable Plus / Mortgage Breaker# 6.87% p.a. 7.12% p.a.
Low Deposit Home Loan# 8.15% p.a. 8.40% p.a.
100% Home Loan# 8.45% p.a. 8.70% p.a.
Low Doc Home Loan# 8.90% p.a. 9.15% p.a.

#No longer available for sale.

^Not available for sale. Fixed Rate Home Loans will automatically roll over to this product at the end of the fixed period.

Effective from Thursday 15 December 2022, the following changes to our credit card interest rates will apply:

& Visa Platinum Credit Card Current rate New rate
Purchase Interest Rate 5.77% p.a. 6.02% p.a.
Balance Transfer Interest Rate 5.77% p.a. 6.02% p.a.
Cash Advance Interest Rate (no change) 19.99% p.a. 19.99% p.a.
Simple Visa Credit Card (discontinued) Current rate New rate
Purchase Interest Rate 5.47% p.a. 5.72% p.a.
Balance Transfer Interest Rate 5.47% p.a. 5.72% p.a.
Cash Advance Interest Rate (no change) 19.99% p.a. 19.99% p.a.


View all interest rates

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