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Competitive rate

Plus, no ongoing monthly fees.

Borrow up to 95%

Buy your home with as little as a 5% deposit.

100% offset account

Use your income and savings to reduce the interest.

Flexible options

Redraw your repayments if you’re ahead.


Save in your sleep with our 100% offset home loan

Whether you’re a first home buyer hunting for a low deposit home loan, or you’re refinancing to save money, our Offset Home Loan works like a dream.

Put your money to work in the offset account linked to your home loan, and rest easy knowing it will reduce the interest you pay, and maybe even your loan term. Plus, it’s there whenever you need it.

Get ahead on your home loan

  • Competitive variable interest rate.
  • No ongoing monthly or annual fees.
  • Borrow up to 95% of the property value.
  • 100% offset account so your savings can reduce the amount of interest you pay on your home loan.
  • Choose to repay weekly, fortnightly, or monthly.
  • Make extra payments without penalty, to pay off your home loan even faster.
  • Redraw online if you’re ahead on your repayments. 

How an offset account works

An offset account is an everyday bank account that’s linked to your home loan. It’s an almost-effortless way to reduce the interest on your home loan as every dollar in the account is offset against your home loan balance.

Whether you have $100, $1,000 or $10,000 in your offset account, the balance of your home loan will be reduced by this amount when interest is accrued. Deposit your salary into the account and get every dollar working hard until you spend it.

Rates & fees

Competitive interest rates, plus huge potential to reduce the interest you pay with your offset account.

The basics

Loan purpose Owner occupier
Minimum loan amount $20,000
Maximum loan term 30 years
Optional linked offset account & Access Account

Interest rates

Loan to Value Ratio (LVR) Variable rate

Comparison rate*

Less than 60% 6.39% p.a. 6.42% p.a.
Less than 80% 6.49% p.a. 6.52% p.a.
Less than 95% 6.79% p.a. 6.82% p.a.

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

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.

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%.

One of our experienced home loan specialists can assist you with switching your home loan.  We can meet with you at one of our branches, at your home or workplace, or even via video appointment.   

Request an appointment

You can also call us on 13 25 77 to make an appointment to speak one of our experienced home loan specialists.

If you're looking at buying a home, you can apply for a home loan pre-approval to help give you peace of mind when you're ready to make an offer on a property.  

Please contact us on 13 25 77 to speak with one of our home loan specialists, who can guide you through the process.  

Find out more about getting pre-approval for your home loan

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.