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Our basic home loan

Our & Basic 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 Home Loan has no establishment fee, no monthly fee, and stacks up with much more:

  • Pay off your loan sooner – you can make additional payments on your & Basic 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 think our & Basic Home Loan is good. But don't just take our word for it...

RateCity think it's the best home loan (in its category, anyway)! While we're not usually one to brag, sometimes it's okay to – especially when this joins the multiple awards we've been recognised with in the past.

Check out our trophy case

Interest rates & fees

Loan to Value Ratio (LVR) Variable rate Comparison rate
Less than 60% 6.24% p.a. 6.27% p.a.
Less than 80% 6.29% p.a. 6.32% p.a.
Less than 95% 6.59% p.a. 6.62% 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.

Home loan borrowing power calculator

Our home loan borrowing power calculator helps you understand how much money you could borrow for a home loan, based on your income and expenses.

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. 

*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.