Discounted Basic Variable Home Loan rates from
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Settle your loan
Why choose a Basic Variable Home Loan?
Enjoy a discounted online rate, flexible features, and the support of a dedicated home lender throughout your application.
Discounted online rate
Apply online and receive a 0.20% p.a. discount on the variable rate for approved and settled loans.†
Get ahead on your home loan
Make additional repayments whenever you can and pay off your home loan sooner, penalty-free.
Redraw when you need to
If you're ahead on your home loan, you can redraw available funds for life's unexpected expenses.
Keep your costs down
With no ongoing monthly or maintenance fees, more of your money stays where it belongs.
Rates and fees
Interest rates
The rates below are available through our online application offer for eligible Basic Variable Home Loans only.† Your interest rate will depend on your loan-to-value ratio. The lower your LVR, the lower your interest rate may be.
Less than 60% LVR
Less than 70% LVR
Less than 80% LVR
LVR over 80% or not eligible for the online rate? Check out our Basic Variable Home Loan.
Loan details
| Loan purpose | Owner-occupier |
| Minimum new borrowing amount | $100,000 |
| Maximum loan term | 30 years |
| Fee type | |
|---|---|
| Monthly maintenance fee | $0 |
| Document preparation fee | $300.00 |
Other fees & charges, including government fees, may apply. You can find these on our home loan fees and charges page.
Ready to get started?
If you're looking to purchase a home, refinance from another lender, or top up an existing P&N Bank home loan, start your application online today.
Important information
Banking and Credit products issued by Police & Nurses Limited (P&N Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Eligibility criteria, terms & conditions, fees & charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View the home loans terms & conditions
- View the online home loan terms & conditions
- View the home loan fees and charges
- View credit guide
- Create a Home Loan Key Fact Sheet
- View LMI Information Fact Sheet
- View Target Market Determinations (TMDs)
†This discount is available for eligible applications received from 01/07/2026 and may be amended, withdrawn, or extended at any time without notice. Applications received prior to any withdrawal will still be eligible for the discount.
Not available for broker originated applications or applications through our branches, mobile lenders, or contact centre.
Offer available on eligible owner-occupied OMG Home Loans with new borrowings or top-ups of at least $100,000 and an LVR of 80% or less. Discount is not available on loans for construction purposes or any other product, including OMG Home Loans with an LVR above 80%.
Discount cannot be used in conjunction with any other home loan offer.
*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.