BSB 806 015

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BSB 806 015

& Investor Basic Loan

A no frills investment home loan with no application or ongoing fees.

Interest only

Option available

Redraw facility

Yes, with no minimum amount

Loan term

5 - 30 years

If you are thinking about investing in property, or have an existing investment loan elsewhere, our & Investor Basic Loan has a low variable interest rate, no monthly fee and no application fees.

  • Flexible repayments - weekly, fortnightly and monthly repayment options available.
  • Repayment options to suit your lifestyle - principal & interest repayment or interest only repayments available for up to 5 years.
  • Great rate - which means you can keep more of your hard-earned money in your pocket.
  • Borrowing less than 70%? - Enjoy a lower rate when you borrow up to 70% of the value of your property.
  • Redraw facility - pay more into your home loan and access the funds when you need them, with no minimum redraw amount.

Highly commended finder awards 2023 Investor home loan - P&I - Variable

Our & Investor Basic Home Loan was highly commended in the Finder Home Loan Product Awards 2023.

Interest rates

Product Name LVR Rate
Comparison Rate
& Investor Basic Loan (P&I Repayments) < 70.00% 6.29% p.a. 6.30% p.a.
& Investor Basic Loan (P&I Repayments) > 70.00% 6.34% p.a. 6.35% p.a.
& Investor Basic Loan (IO Repayments) < 70.00% 6.59% p.a. 6.38% p.a.
& Investor Basic Loan (IO Repayments) > 70.00% 6.64% p.a. 6.43% p.a.

& Investor Basic Loan fees & charges

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 & Investor Basic 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 from 6.29 % p.a. Interest Rate

6.30 % p.a. Comparison Rate

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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. 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.

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