BSB 806 015

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BSB 806 015

& Investor Loan

A variable rate investment loan that comes with an optional offset account and no ongoing fees.

& Access Account

100% offset

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, why not look to our & Investor Loan to benefit from a great interest rate, optional offset account and no ongoing fees.

  • Borrow up to a maximum of 90% Loan to Value Ratio (LVR) - subject to Lenders Mortgage Insurance.
  • Flexible loan sizes - obtain a loan that suits your investment needs starting at $20,000.
  • Optional offset account - an & Access Account which gives you a 100% balance interest offset against your & Investor Loan with no monthly fee.
  • Redraw facility - pay more into your home loan and access the funds when you need them, with no minimum redraw amount.
  • Flexible repayments - weekly, fortnightly and monthly principal and interest repayments available.
  • Repayment options to suit your lifestyle - principal and interest repayments or interest only repayments available for up to 5 years.

RateCity Gold Award 2024 Best Investor Variable home loan

Our & Investor Home Loan won the RateCity Gold Award 2024 for Best Investor Variable Loan.

Interest rates

Product Name LVR Rate
Comparison Rate
& Investor Loan (P&I Repayments) < 90.00% 6.49% p.a. 6.50% p.a.
& Investor Loan (IO Repayments) < 90.00% 6.79% p.a. 6.58% p.a.

Frequently asked questions

  • What is an investment loan?

    An investment loan works like a standard home loan except that the property is not occupied by the borrower themselves. Instead, the borrower purchases the property to generate a passive income by reselling it, renting it to tenants, or both.

  • How are my principal and interest repayments calculated?

    On a standard principal and interest loan, your repayments are calculated based on your loan term, amount borrowed, and your fixed or variable interest rate. To estimate what your repayments will look like for one of our loans, use our home loan repayment calculator.

  • Why do investors prefer investment loans with an interest only period?

    Buying a property and renovating it so that it's worth more later and/or renting it out to tenants is a common investment strategy that people use investment loans for. After purchasing a property, the initial stages of renovation or finding tenants mean that the property may not generate returns straight away. Starting off by making interest only repayments helps with budgeting until the property starts to pay for itself. Interest repayments on an investment property are also tax-deductible, so the investor can minimise expenses on the property.

  • How does an offset account work with an investment loan?

    An offset account is a bank account linked to your loan. The money in your offset account reduces the interest you need to pay. For example, if you had a loan of $500,000 with $50,000 in your offset account, you would only be charged interest on $450,000, reducing your loan repayments and helping you pay off the debt faster.

& Investor 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 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 6.49 % p.a. Interest Rate

6.50 % 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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