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Following the Reserve Bank of Australia's announcement on Tuesday 3 May, we have released information on interest rate changes. View details
Can't decide between a fixed or variable rate home loan?
With our award-winning split rate home loan, you get the certainty of a fixed rate loan and the flexibility and features of a variable rate loan – so you can have it all.
Enjoy peace of mind by splitting your home loan.
Variable rate
| ✔ | Variable rates move with the times, so if your interest rate moves up or down, your repayment will too. |
| ✔ | The option to make extra payments means you can pay off your loan quicker. |
| ✔ | Want to access some of the extra funds you've paid to the loan? That's no problem if you have the ability to redraw! |
| ✔ | You may be able to benefit from an offset account, so you can make your savings work harder. |
Fixed rate
| ✔ | Be protected from interest rates rising by locking in a current rate for a set period of time, between one and five years. |
| ✔ | Added peace of mind knowing your repayments will remain consistent during uncertain times or when the markets move. |
| ✔ | A fixed rate allows you to plan and budget for the future more seamlessly. |
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For a limited time only, take out a home loan or refinance your home with P&N Bank and you could get $3,000 cashback. Find out more. |
Why should I consider a split rate home loan?
Split rate loans are a great option if you want the best of both worlds – you split your total loan value into two loans, so you have the flexibility to make extra repayments and redraw if you want to, while also having the security of knowing that the fixed part of the loan is locked into an agreed rate for a set period of time.
And if that's not enough to convince you - our split rate home loan won the Mozo Experts Choice Awards 2021 in the Split Home Loan category!
We're ready to help
No matter what stage you're at when it comes to home ownership, we're here to help you with a split rate home loan from application to settlement. Book an appointment with one of our home loan specialists in a branch, over video call, or we can even come to you at a time that suits.
