Discounted Basic Variable Home Loan rates from
Could this offer be right for you?
Our online application offer is available on eligible Basic Variable Home Loans. To qualify, you'll need to meet a few key criteria.
A lower rate could add up
For example, on a $600,000 home loan, a 0.30% p.a. discount could save you roughly $1,800 in interest each year.^
Complete your application online
Provide some information about yourself, your property, and your borrowing requirements. Applying online generally takes less than fifteen minutes.
Speak with a home lender
Once you've submitted your application, one of our Home Loan Specialists will be in touch to discuss the next steps.
We'll assess your application
We'll review your information and work with you to gather any additional documents or info we need.
Settle your loan
If your application is approved and the loan settles, you’ll receive a discounted variable rate on your home 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 0.30% p.a. discount on the variable rate for approved and settled home loans.†
Get ahead on your home loan
Make additional payments 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.
Online home loan 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, apply online today.
Your home loan questions answered
Whether you’re buying a new home or refinancing an existing loan, applying for a home loan online is a simple and convenient way to get started. If you’re eligible, you may receive a discount on our standard Basic Variable Home Loan rate when you apply online.
Once you've submitted your application, one of our home loan specialists will be in touch to walk you through the next steps and answer any questions you may have.
If you have everything ready to go, applying for a home loan online generally takes less than fifteen minutes.
Once you've submitted the home loan application form, one of our home loan specialists will be in touch to discuss your application and explain the next steps.
Home loan approval times can vary depending on your circumstances. We may also need additional information to assess your application.
Find out what information you'll need to apply for a home loan.
Yes. First home buyers can apply for our online home loan offer, if they meet the eligibility criteria.
Discounted online rates are only available for eligible owner-occupied Basic Variable Home Loans with a loan-to-value ratio (LVR) of up to 80%. If you're not sure whether you're eligible, get in touch with one of our virtual home lenders – they’ll help you understand your options and answer any questions you may have.
Your loan-to-value ratio (LVR) is the loan amount divided by the value of the property you’re buying or refinancing as determined by the bank, shown as a percentage.
For example, if you're borrowing $640,000 to buy a property worth $800,000, your LVR would be 80%.
The amount you may be able to borrow for a home loan or refinance depends on your income, living expenses, existing debts, and the size of your deposit.
Our home loan borrowing power calculator can help you understand what you may be able to borrow. Just enter a few details about your income and spending – such as how much you get paid, your regular expenses and bills, and any loans or credit cards you have – and our calculator will give you an estimate based on the information you provide.
Keep in mind that the result is a guide only. The amount you're approved to borrow will depend on your individual circumstances and our lending criteria.
Applying for a home loan doesn't have to be complicated. Our home loan specialists will walk you through the process and let you know exactly what information is needed.
We'll typically ask for details about:
- Your income and employment details
- Your living arrangements, monthly expenses and other regular commitments
- Assets you own, such as savings, vehicles, investments, or property
- Any existing loans, credit cards, or other debts
You may also need to provide supporting documents as part of your application.
For more information, read our how to apply for a home loan guide.
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 21/08/2026 and may be amended or withdrawn at any time without notice. Applications received prior to any amendment or withdrawal will still be eligible for the discount in accordance with the terms in effect at the time of submission.
Not available for broker originated applications or applications through our branches, mobile lenders, or contact centre.
Offer available on eligible owner-occupied Basic Variable 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 Basic Variable Home Loans with an LVR above 80%.
Discount cannot be used in conjunction with any other home loan offer.
^This is an example only. Savings estimate is based on a $600,000 loan balance and assumes the discount is applied for a full 12-month period. Actual savings will vary based on loan balance, interest rate, and individual circumstances.
*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.