BSB 806 015

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Further to the Reserve Bank’s increase in the official cash rate on Tuesday 2 August 2022, P&N is making changes to interest rates across several deposit and lending products. View details

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BSB 806 015

Offset Home Loan

A variable rate loan that provides flexibility to use your savings to reduce the interest you pay.

Offset account

Available

Redraw facility

Yes

Account fees

No monthly maintenance fee

Loan term

5 - 30 years

The Offset Home Loan is a variable rate loan for owner occupiers looking to borrow up to 95% of the property value. The loan also provides the options to redraw and have an offset account to reduce interest charges and help you pay your loan down quicker.

  • Great rate - access to a low variable home loan.
  • Optional 100% offset transaction account - an & Access Account which gives you a 100% balance interest offset against your Offset Home Loan with no monthly fee.
  • Pay your loan off sooner - make additional payments and pay your loan off faster.
  • Redraw facility - pay more into your home loan and access the funds when you need them.
  • Borrowing less than 60% or 80%? – Enjoy a lower rate when you borrow less than 60% or 80% of the value of the property

Interest rates

Product Name LVR Rate
(Variable)
Comparison Rate
Offset Home Loan < 60.00% 3.29% p.a. 3.29% p.a.
Offset Home Loan < 80.00% 3.49% p.a. 3.49% p.a.
Offset Home Loan < 95.00% 3.97% p.a. 3.97% p.a.

Offset Home Loan fees & charges

Monthly maintenance fee$0
Establishment fee (includes one valuation)
includes one valuation$0
additional valuationsat cost*
Switch Fee$300

*At cost 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.

It’s easy to apply for an Offset Home Loan with P&N Bank. Simply get all your details ready and choose how to apply.

How to apply

In person

We can help you apply for a home loan in person at your nearest branch. Be sure to bring along all the documents you'll need.

Over the phone

Call us on 13 25 77 and one of our friendly loan consultants will help you with your home loan application.

We'll come to you

Get in touch with our mobile lending team and book an appointment for a time that suits you. This could be while you're at home or work, or if video appointments are more convenient, we can arrange that too!

What you need

You'll need either primary ID with a photo (ie. passport or driver's licence), or primary ID without a photo (ie. birth certificate or citizenship certificate) plus secondary ID (ie. a utility bill with your name and address on it).

During your application we’ll ask you to provide information, such as:

  • income details (payslips, or if you're self employed, tax assessments for the last two years and financial statements)
  • contact details for your current and previous employer
  • any assets you own (e.g. value of any cars, deposit accounts, properties, etc)
  • any loans, credit cards or other amounts owing

Variable 3.29 % p.a. Interest Rate

3.29 % p.a. Comparison Rate

Enquire Request appointment

Disclaimer

Other fees & charges that apply to all of our accounts can be found on our fees and charges page.

To use this website you are required to read the Credit Guide (which you agree to be provided by accessing this link.) Lending criteria apply. Terms and conditions apply and are available on request. Rates stated are subject to change without notice. Fees and charges are payable.

View Home Loan Terms and Conditions

Create a Home Loan Key Fact Sheet

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.


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