BSB 806 015

To give you the best possible experience, this site uses cookies. Learn more about cookies.

×
BSB 806 015

Access your equity

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. If you're interested in exploring a reverse mortgage as an option, P&N Bank can help.

Choose the home loan that's right for you

Reset

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 9.12 % 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%
(inclusive of LMI)

Minimum loan amount

$20,000

Loan purpose

N/A

Remove

Variable 9.00 % p.a. Interest Rate

9.01 % 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

Remove

Find out what your property is worth

What is a reverse mortgage?

A reverse mortgage can help retirees 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 and get you started.


We're ready to help

No matter what stage you're at when it comes to buying a home, we're here to help you from application to settlement, as well as answer any questions that come up along the way. If you'd like to get in touch with us, you can call 13 25 77 during business hours or fill out one of the forms below and we'll get back to you.


Book an appointment

  • In one of our 14 branches
  • At your home or workplace
  • Video appointment with our virtual lending team
Request appointment

Make an enquiry

Are you after more information? One of our experienced home lenders will get in touch with you to answer any questions you may have.

Enquire now

 


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. Target Market Determinations (TMDs) are available for products.

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

View LMI Information Fact Sheet

We'd like to use your current location

For a more localised experience please enter your location below...

×

Set your location for a more localised experience.

×