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12-month intro rate

Variable introductory rate.

Fee-free offset account

Optional 100% offset account.

Discounted credit card

Platinum benefits with a low interest rate for purchases.

Flexible options

Redraw your repayments if you’re ahead.

Less isn’t always more

An offset account, a competitive intro rate, no ongoing fees & optional credit card. The & Home Loan Intro Rate gives you everything but the kitchen sink. That bit is up to you.

The benefits keep coming

  • Competitive variable interest rate.
  • Discounted rate for the first 12 months, then revert to the & Home Loan variable rate.
  • No ongoing monthly or annual fees.
  • Borrow up to 95% of the property value.
  • Choose to repay weekly, fortnightly, or monthly. 
  • Make extra payments without penalty, to pay off your home loan faster.
  • Redraw online, or pause, if you’re ahead on your repayments.
  • Optional 100% offset account which means you can reduce the amount of interest you pay on your home loan.
  • Optional & Visa Platinum Credit card at the same purchase rate of the & Home Loan variable rate.

Rates & fees

Introductory rate and payment options to help you save.

The basics

Loan purpose Owner occupier
Minimum loan amount $150,000
Maximum loan term 30 years

Interest rates

Loan to Value Ratio (LVR) Variable rate

Comparison rate*

Less than 95% 6.74% p.a. 7.20% p.a.

^The & Visa Platinum Credit card purchase rate excludes any intro rate offer

Fee type

Monthly maintenance fee $0
Document preparation fee $300.00
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.

What will your repayments be?

Use our handy calculator to work out what your repayments might be. Or see the difference it makes to your loan term if you make payments weekly, fortnightly, or monthly.

Repayment calculator

More calculators

Ready to apply for your home loan?

Saving money and paying off your 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? Book an appointment with a home loan specialist today.

Book an appointment

We’re here to help

Drop us your details and a home loan specialist will get back to you.

Ready to apply?

Set up a phone, video or in-person appointment with one of our home loan specialists.

Talk to our friendly team

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

Your home loan questions answered

If you have a home loan with another bank or lender, it's easy to switch to P&N Bank. 

We have mobile home loan specialists who can visit you at home or work if you'd like to talk in person, or if you'd prefer we can arrange a virtual appointment to discuss your needs online.

Our lending specialist will work with you to help you understand the best loan, or mix of loans, for your personal needs and guide you through the application process. 

If you'd like to speak to a home loan specialist, please contact 13 25 77 or book an appointment online.

With a home loan offset account every dollar in your account is offset against your variable rate home loan balance.  

For example if you have $1,000 dollars in your offset account, this will reduce the balance that your interest is calculated on by $1,000 dollars. That’s $1,000 dollars you’re not paying interest on, so more of each repayment goes to paying off your loan rather than paying interest. 

An offset account is not available on a fixed rate home loan.

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

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.

Home loan rate after the 12-month introductory period reverts to the & Home Loan rate ( currently 7.22% p.a.