The following fees and charges may apply to all home loans.
These should be read in conjunction with the fees and charges specified for the product on their individual product pages.
Administration charges
| Fee type | Fee amount |
|---|---|
| Valuation Fee | First valuation is free, additional valuations at cost to P&N* |
| Lenders Mortgage Insurance |
At cost to P&N* |
| Legal Fee | At cost to P&N* |
| Production Fee for a Third Party to Produce a Document | At cost to P&N* |
| Bank Cheques | At cost to P&N* |
| Document Preparation Fee | $300.00 |
| Title Consent Fee | $105.00 |
| Title Search Administration Fee Charged per loan. |
$25.00 |
| Discharge of Mortgage Fee | |
| Without settlement (per document) | $350.00 |
| With settlement (per document) | $395.00 |
| Withdrawal of Caveat Fee | |
| Without settlement (per document) | $55.00 |
| With settlement (per document) | $160.00 |
Construction loan charges
| Fee type | Fee amount |
|---|---|
| Construction Loan Progress Payments Charged per drawdown. |
$50.00 |
| Progress Payment Inspection Fee Charged per inspection. |
$99.00 |
Variation to home loan contract fees
| Fee type | Fee amount |
|---|---|
| Partial Security Release | $105.00 |
| Transfer of Security | $105.00 |
| Loan Account Switch Fee | $300.00 |
General fees
| Fee type | Fee amount |
|---|---|
| Over Limit Management Fee Charged when an overdraft or line of credit account exceeds the approved limit by more than $50 during the month. |
$10.00 |
| Late Payment Notification Fee Charged when a payment to a home loan becomes overdue by 11 days and 30 days. |
$5.00 |
| Management Administration Fee Charged monthly when a payment to a home loan becomes overdue by more than 90 days. |
$50.00 |
| Collection Agent Administration Fee Payable when a payment to a home loan becomes overdue for more than 90 days and we choose to engage an external collection agent. |
$100.00 |
Other fees
| Fee type | Fee amount |
|---|---|
| Statement Retrieval Fee Payable on request to issue a copy of a previously issued statement. |
|
| First page | $6.00 |
| Each subsequent page | $1.50 |
| External Dishonour Fee | |
| Direct debit | $6.00 |
| Manual trace | $40.00 |
| Electronic payment return | $0.00 |
Government charges
State and Federal Governments apply various charges relating to the loan amount, Security, purchase of Property and Property Settlement, for example:
- Stamp duty
- Registration/discharge of Securities
- Duty on duplicate documents
- Searches of land titles
Where applicable these fees and charges are payable by yourself in addition to those shown above.
Further details of applicable government charges are available upon request at any P&N Bank branch.
Important information
P&N can change the standard fees and charges that apply to loan accounts from time to time. Please refer to the terms of your credit contract.
* At cost to P&N refers to costs incurred by P&N Bank resulting from the provision of a product or service requested by the member, which will be passed on to the member.