An offset account is a savings account linked to a home loan that reduces the interest payable for the home loan. Every dollar in this account is interest-free for the home loan.
For example, if you have $5,000 in your offset savings account, this will result in $5,000 of your home loan being interest-free.
Our home loan borrowing calculator helps you work out how much you can borrow and what your repayments would be so that you buy your home with confidence. Go to the Home Loan Borrowing Calculator.
When looking for the cheapest home loan, online comparison tools and calculators as well as speaking with home lenders or mortgage brokers can help you find the best option to suit your needs. Call us on 13 25 77 to speak with a lending specialist, or one of our mobile lenders can come to you to help get you started.
Our home loan comparison calculator can be used to show a side by side comparison of our home loan rates and products.
We have a range of different home loan options depending on your deposit, whether you want a fixed or variable rate and whether you are an owner occupier or investor.
To find out more, please contact us on 13 25 77 to speak to a lending specialist or alternatively, you can arrange for one of our mobile lenders to come to you and discuss your needs.
Our home loan borrowing power calculator can estimate your potential borrowing power for both a single or a joint application. Simply set your application type to joint to get an estimate of your combined home loan borrowing power.
Gross income is the money you earn before deductions such as income tax are removed. Net income is the amount you receive after these deductions. Use our income tax calculator to get an estimate of your income tax based off your gross or net income.
You could improve your borrowing power by paying off outstanding loans or credit cards, making adjustments to living expenses or increasing your income. Any action you take that increases your level of disposable income and financial freedom will improve your borrowing power.
Once your income and expenses are taken into account, our home loan borrowing calculator can help estimate the maximum loan amount you could afford to repay each week, fortnight or month.
Our home loan repayment calculator allows you to input additional repayments and calculates how these repayments will reduce your overall amount of interest payable over the life of the loan.
Your ability to afford weekly, fortnightly, or monthly loan repayments will depend on your financial situation and other factors. Our home loan repayments calculator will break down every detail of your potential repayments to help give you a better idea of what you can afford.
Once you input your loan amount, loan term, and loan interest rate, our home loan repayment calculator will work out how much your monthly, fortnightly or weekly repayments could be.
By using our home contents calculator, you can get an accurate estimate of the value of your contents for insurance purposes.
Our calculator allows you to search a database for your address, and by taking into account all the information available relating to your property, will calculate the cost to rebuild your home in the event of damage.
Purchasing a property amounts to much more than just the purchase price. Buyers should be aware of additional costs such as stamp duty, building and pest inspection fees, transfer fees and more. Use our home buying and selling cost calculator to get an accurate breakdown of the costs involved.
By using our budget planner calculator, you can get an accurate picture of where your money is going each month and how much you could invest.
With a P&N savings account, you can make additional contributions which will increase the amount of interest you earn. Calculate the amount by using our savings and term deposit calculator.
The maximum length for a P&N term deposit is five years. See how much interest you could earn by using our savings and term deposit calculator.
Our home value insurance calculator is very customisable, allowing you to adjust the value of certain items up or down, as well as adding or removing categories as needed.
Your total interest repayments will depend on multiple factors, such as the amount you wish to borrow, the interest rate, and the loan term. Use our home loan repayment calculator to get an estimate based on your preferences and desired loan product.
A good contents calculator asks the user questions such as the quality and quantity of the contents in the home, as well as supplementary information such as the number of occupants, type of house and more. Try our home value insurance calculator to assist in your valuation estimate.
In the unfortunate event of your property being damaged beyond repair, our building insurance calculator can give you an estimate of the costs involved.
Our building insurance value calculator can help you estimate the value of your home for insurance purposes by taking into account location, property details, features and more. If you’re applying for a home loan with P&N Bank, we may state a minimum amount that the property should be insured for, based off its valuation.
There can be numerous costs involved in selling a house that all sellers should be aware of, such as real estate agent fees, settlement fees, advertising fees, conveyancing fees and more. Our home buying and selling cost calculator can help you estimate the total costs involved.
Everybody's financial situation is different and the amount you can invest will depend on many factors. Our budget planner calculator can work out an estimate of how much you could potentially save or invest after all your expenses are deducted from your income.
If you have a financial goal in mind, our budget planner calculator can help you achieve it, by breaking down your total income and expenses into categories to give you a holistic view of your financial position.
The amount of interest you can earn with a term deposit will depend on factors such as the interest rate, investment term and deposit amount. Check out our calculator for an accurate answer.
Yes, generally speaking stamp duty will be more expensive for more expensive property or land purchases. For a detailed breakdown of costs, use our stamp duty calculator.
First home buyers may be exempt from paying stamp duty, but it depends on factors such as the value of the home and the state in which the home was purchased. Our stamp duty calculator can help you determine your potential costs, if any.
The amount of stamp duty (transfer duty) payable on the purchase of a property or land varies from state to state. Our stamp duty calculator can give you a detailed breakdown of the costs involved.
Stamp duty (also called transfer duty) is a tax charged by the state and territory governments for certain types of transactions such as the purchase of a property or the purchase of land.
You can work out your annual income tax repayments by using our income tax calculator.
The income tax system in Australia consists of multiple tax brackets, which vary depending on factors such as the amount of taxable income each person earns. To calculate an estimate of your income tax payable, use our income tax calculator.
This depends on your personal financial situation and the availability of acceptable security to offer. You can compare the differences between secured and unsecured personal loans by using our personal loan repayment calculator, or alternatively, you can call us on 13 25 77 to speak to a specialist or visit us at one of our branches.
Our personal loan repayment calculator can give you an in-depth breakdown of your potential repayments, as well as full transparency on interest rates, comparison rates, and more. Just adjust the loan amount, loan term, repayment frequency and interest rate to get an indication of what your repayment amounts could look like.
A secured loan is where an asset is used as collateral or security. For example, your security on a car loan could be the vehicle you are purchasing. On the other hand, an unsecured loan does not have any security or collateral requirement.
Secured loans are almost always less expensive than unsecured loans because the security or collateral is used to offset the risk of you defaulting on your repayments. An unsecured loan can be more accessible, but the increased risk to the lender will be compensated for in the form of higher interest repayments.
You can calculate the difference in loan repayments by using our personal loan repayment calculator. This will help you determine whether a secured or unsecured loan is more preferable for you based on your financial circumstances.
When you get a home loan, you are borrowing money from the lender with an agreement to pay back the loan amount (plus interest) over a pre-determined time frame (loan term). Home loan repayments (also referred to as mortgage repayments) are what you pay back to the lender on a weekly, fortnightly, or monthly basis (repayment frequency) until the entire amount is paid off.
Your home loan repayments are a combination of principal and interest. Interest is charged as a percentage of what you owe. As you make weekly, fortnightly or monthly repayments over the years, you reduce the principal loan amount, reducing the amount of payable interest.
Use our calculator to get an estimate of what your principal and interest repayments will be over the life of the loan.
Your borrowing power is an estimation of how much you can afford to borrow from a lender when you apply for a home loan. Borrowing power compares your personal financial circumstances against the loan amount you're wanting so you can determine if the monthly principal and interest repayments are affordable.
Your maximum borrowing power is only limited by the total difference between your average income and living expenses. If you have a high income and have a lot of money left over after paying off your monthly financial commitments (rent, food, living expenses, subscriptions etc.), then you'll have a higher borrowing power than if you had minimal savings.
You don’t need to calculate your borrowing power to get a home loan. With that said, it can be a useful way to know how much you may be able to borrow prior to submitting a home loan application.
When you apply for a home loan, the lender will perform a similar calculation to determine whether or not you can afford the principal and interest repayments. Lenders will require that you submit evidence of your income and expenses so they can assess your full financial situation and ensure you aren't provided with a loan you can’t comfortably afford to repay. Our lenders will always ensure responsible lending obligations are being met.
If you don’t calculate your borrowing power, you could be applying for home loans that are out of your price range, leading you to get rejected by lenders. Getting rejected for too many home loans in quick succession can negatively impact your credit score, making it harder for you to get a competitive finance option.
If you're unsure of anything, you should always seek professional advice from an independent financial expert.
The home loan borrowing power calculator gives you an estimate of your borrowing capacity based on P&N home loan interest rates and products. If approved for a home loan with P&N Bank, your monthly repayments may be more or less expensive depending on interest rates at the time, applicable bank fees and other factors. The results from this calculator are only meant as an indicator of your home loan repayments for your specified loan amount.
Comparison rates are a percentage calculated by adding the interest rate with additional fees and charges that may apply to the loan. This is meant to give a better indication of what the true cost of the loan is compared to offers by other lenders.
Early repayment fees are a way for the lender to recover losses incurred when a loan is partially or completely repaid earlier than the agreed term. When you pay your loan amount in full early, it means the lender misses out on the interest they would have otherwise earned from your continued repayments. At P&N Bank we do not charge an early repayment fee on our personal loans.
A fixed interest rate personal loan means that the interest rate is locked in when you apply for the loan, meaning that it will remain the same throughout the life of the loan. A variable rate personal loan means that the interest rate is subject to change in line with the RBA (Reserve Bank of Australia’s) cash rate adjustments.
A fixed rate personal loan gives you certainty about what your repayments will be, allowing you to budget with confidence. A variable rate loan has the potential to provide cost savings if the cash rate is low, but there is no certainty as interest rates are set by the lender.
Fixed rate personal loans are the type of personal loans that P&N Bank offers.
No, you don’t need to use a personal loan repayment calculator to get a personal loan. The calculator is simply a tool you can use to get an indication of what you will pay on a regular basis if approved for the specified loan amount. Using a calculator allows you to predict what your regular payments may look like, and determine whether they are reasonable and affordable to you.
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