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Choose your term

Fix your rate for one to five years.

Fixed repayments

Budget with certainty each month.

Fee-free extra repayments

Up to $25,000 during the fixed rate period.

Split option

Fix a portion of your loan and leave the rest variable.

Fix your home loan – no tradies required

Looking for an easy fix? Lock in your rate and your repayments for certainty against future interest rate changes. With interest-only and split rate options available, as well as the flexibility to make extra repayments, our Fixed Rate Home Loan could be the key to unlocking your financial freedom.

A fixed-yet-flexible home loan

  • Fixed interest rate.
  • Borrow up to 95% of the property value.
  • Choose to repay weekly, fortnightly, or monthly.
  • Make extra payments up to $25,000 without penalty during the fixed rate period.
  • Flexible options to split your home loan. Fix a portion of your loan and pay variable rates on the rest.

Rates & fees

Fixed interest rates and low fees.

The basics

Loan purpose Owner occupier
Minimum loan amount $20,000
Maximum fixed rate term 5 years
Maximum loan term 30 years

Interest rates

Less than 80% Loan to Value Ratio (LVR)

Fixed term Fixed rate

Comparison rate*

1 year 6.54% p.a. 6.34% p.a.
2 year 5.99% p.a. 6.26% p.a.
3 year 6.39% p.a. 6.35% p.a.
4 year 6.49% p.a. 6.39% p.a.
5 year 6.49% p.a. 6.41% p.a.

80% to 95% Loan to Value Ratio (LVR)

Fixed term Fixed rate

Comparison rate*

1 year 6.64% p.a. 6.36% p.a.
2 year 6.09% p.a. 6.28% p.a.
3 year 6.49% p.a. 6.38% p.a.
4 year 6.59% p.a. 6.43% p.a.
5 year 6.59% p.a. 6.45% p.a.

Fee type
Monthly maintenance fee $0
Document preparation fee $300.00
Rate lock in fee $650.00
Switch fee (from other P&N Bank loan) $300.00
Break cost fee - may apply if the fixed Rate Loan is paid out any time prior to the term of the fixed rate period.

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 phonecall 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.

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

LVR stands for Loan to Value Ratio. This is calculated as the amount you want to borrow as a percentage of the value of the property you buy, or that will be used as security.

For example, if you borrow $540,000 to buy a property valued at $600,000, your LVR would be 90%.

Your fixed rate home loan will automatically 'roll-over' to a standard variable rate home loan upon maturity. We'll notify you of this in advance.

If you wish to explore other home loan products or your options at the of your fixed rate loan, please call us on 13 25 77 to speak with one of our home loan specialists.

When you split your home loan you can divide your debt into multiple loans (e.g. a fixed rate loan and a variable rate loan). This may help you to reduce the impact of interest rate fluctuations while retaining the features and benefits you want. 

For example, a fixed rate loan gives you the confidence of knowing how much your repayments will be and protects you against rate rises. In comparison, a standard variable rate loan allows you to make extra repayments and gives you the flexibility to redraw them at any time, providing you meet the relevant requirements to do so.

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

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.

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 fixed period reverts to the Variable Home Loan rate ( currently from
6.29% p.a.