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Competitive rate

Low variable interest rate.

No ongoing fees

Avoid loan establishment charges and ongoing fees.

Borrow up to 90%

Lower rate for Loan to Value Ratios under 70%.

Repayment options

Choose between interest only or principal and interest.

Introducing our lowest rate investor loan

There’s a lot to consider when investing in property, but with our & Investor Basic Home Loan we’ve done the heavy lifting for you. Combining a competitive rate with flexible repayment options and a lower rate when you borrow less, there’s one less thing to worry about. 

And with our team of Perth-based lending specialists on hand to guide you along the way – there’s nothing stopping you from taking the next step on the property ladder.

Back to basics for investing

  • Competitive variable interest rate.
  • No ongoing monthly or annual fees.
  • Borrow up to 90% of the property value.
  • Choose interest only or principal and interest repayments.
  • Tiered interest rates so you can benefit from a lower rate when you borrow less. 
  • Choose to repay weekly, fortnightly, or monthly.
  • Redraw online if you’re ahead on your repayments.

Rates & fees

Competitive rates and no fees, because getting the basics right is important.

The basics

Loan purpose Residential investment property
Minimum loan amount $20,000
Maximum loan term 30 years

Interest rates

Principal and interest repayments

Loan to Value Ratio (LVR) Variable rate

Comparison rate*

Less than 70% 6.29% p.a. 6.30% p.a.
Less than 90% 6.34% p.a. 6.35% p.a.

Interest only repayments

Loan to Value Ratio (LVR) Variable rate

Comparison rate*

Less than 70% 6.59% p.a. 6.38% p.a.
Less than 90% 6.64% p.a. 6.43% p.a.

Fee type

Monthly maintenance fee $0
Loan establishment fee $0
Switch fee (from other P&N Bank loan) $300.00

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

Know your repayments

Use our calculator to see if you can afford an investment home loan. Or compare the difference in your loan term if you make your repayments weekly, fortnightly or monthly.

Repayment calculator

More calculators

Ready to apply for your investment property loan?

Saving money and paying off your residential investment home loan sooner is easy with P&N. And we’ve made applying for your loan just as easy.

You can apply:

  • In your nearest branch – remember to bring all your ID and supporting documentation.
  • Over the phone – call us on 13 25 77 and one of our friendly loan consultants will help you with your home loan application.
  • At home or at work – our mobile lending team can come to you, or we can set up a video call.
Book an appointment Make an enquiry

Applying for your home loan is easier and quicker when you've got what you need, so be prepared with your: 

  • Identity documents
    • primary photo ID (e.g. passport or driver's licence), or
    • primary ID without a photo (e.g. birth certificate or citizenship certificate) and a secondary ID (e.g. a utility bill with your name and address on it).
  • Employment details – contact details of your current and previous employer if less than 2 years.
  • Income details – payslips or, if you're self-employed, tax assessments for the last two years, and financial statements.
  • Regular expenses – such as food, rent, electricity, telcos, insurance & medical costs.
  • Assets – a rundown of any assets that you own (any cars, deposit accounts, home contents, properties, investments).
  • Liabilities – the details of any loans, credit cards, pay later or other debts you have.

Got everything? Let’s get your application started.

Book an appointment

Ready to apply?

Set up a phone, video or in-person appointment with an investment loan specialist.

We’re here to help

Drop us your details and an investment loan specialist will get back to you.

Talk to our friendly team

Got a question? Call us on 13 25 77, pop into your nearest branch or chat with us online.

Your home loan questions answered

Principal and interest repayments are when you pay off a portion of the principal balance of the loan (the amount you originally borrowed) plus the interest charges with every repayment you make.
Interest only repayments are as the name suggests - you're repaying the home loan interest charges only, calculated over your loan term and charged monthly. You'll not be paying off any of the principal balance of the loan. Interest only payments apply for an initial maximum period of 5 years. 

Principal and interest repayments will apply once an interest only term has matured. You'll receive plenty of notice on your maturing interest only period and what your new principal and interest repayments will be. This will give you an opportunity to review your lending facilities.


A loan's comparison rate is made up of the standard interest rate as well as any fees and charges associated with the loan. This helps you to know the true cost of a loan so you can compare loans accurately and make informed decisions when using comparison sites or considering different loan.

Find out how the comparison rate is calculated.

A redraw facility allows you to access payments that you have made in addition to the required minimum repayments on your loan. Not all loans offer the option to redraw your extra payments, so you should consider this when choosing your loan type.

You may have authorised loan redraw access when you signed your loan contract. If not, you'll need to complete the Redraw Request form. 

You can return the completed form in branch or via Secure Mail in internet banking. 

Download Loan Redraw Request Form

Yes, you can redraw up to the amount that is shown as available on your loan balance. Your upcoming minimum monthly payment will be taken into consideration in the amount shown, so redrawing will not result in you falling behind on your repayments.

For example, if you have paid a total additional amount of $9,000 into your loan, and your next repayment is $1,500, you'll see an available balance of $7,500.

To enable redraw using Internet Banking, you'll need to return a completed Redraw Authority Nomination Form via secure mail or in a branch. Please note that we don't accept digital signatures.

Find out how to redraw using digital banking

Important information

Banking and Credit products issued by Police & Nurses Limited (P&N Bank).

Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply. 

Please consider the terms and conditions and whether a product is right for you. 

*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.