BSB 806 015

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BSB 806 015

Access your equity

If you’re looking to access the equity in your home or want to find out more about reverse mortgages, P&N Bank can help you work through your options.

Choose the home loan that's right for you

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Product name

Interest Rate

Comparison Rate

Overview

Establishment fee

Monthly fee

100% offset available

Extra payments allowed

Redraw available

Interest only payment option available

Maximum loan term

Maximum Loan Value Ratio

Minimum loan amount

Loan purpose

 

Variable 5.12 % p.a. Interest Rate

n/a % p.a. Comparison Rate

A flexible line of credit facility with a competitive variable interest rate.

Establishment fee

$0

Monthly fee

$0

100% offset available

Extra payments allowed

Redraw available

Interest only payment option available

Maximum loan term

Revolving

Maximum Loan Value Ratio

90%

Minimum loan amount

$20,000

Loan purpose

N/A

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Variable 5.65 % p.a. Interest Rate

5.65 % p.a. Comparison Rate

A reverse mortgage for over 65s with a competitive variable interest rate for those wanting to access the equity in their home.

Establishment fee

$0

Monthly fee

N/A

100% offset available

Extra payments allowed

Redraw available

Interest only payment option available

Maximum loan term

Maximum Loan Value Ratio

35%

Minimum loan amount

$10,000

Loan purpose

Owner occupied

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Find out what your property is worth

What is a reverse mortgage?

Reverse mortgages are a specific type of home loan designed for people aged 65 and over which allow access to the equity built up in your home. A reverse mortgage can help retirees to have a more comfortable retirement by being able to access funds for various uses such as travel, medical expenses and living costs. If you’d like to find out more, our accredited reverse mortgage mobile lenders will come to you to get you started.

We're ready to help

With our simple application process and fast approvals, applying for a home loan with P&N Bank couldn't be easier. 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.

Need more information? Enquire now.Speak to a lending specialist. Call 13 25 77.Visit a branch. Book appointment.Mobile lender to visit you. Book appointment.

Disclaimer

Credit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Lending criteria, terms & conditions, fees & charges apply. Rates subject to change.

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.

View Home Loan Key Fact Sheets

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