BSB 806 015

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BSB 806 015

Access your equity

If you’re looking to access the equity in your home or want to find out more about reverse mortgages, P&N Bank can help you work through your options.

Choose the home loan that's right for you

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Product name

Interest Rate

Comparison Rate

Overview

Establishment fee

Monthly fee

100% offset available

Extra payments allowed

Redraw available

Interest only payment option available

Maximum loan term

Maximum Loan Value Ratio

Minimum loan amount

Loan purpose

 

Variable 4.87 % p.a. Interest Rate

n/a % p.a. Comparison Rate

A flexible line of credit facility with a competitive variable interest rate.

Establishment fee

$0

Monthly fee

$0

100% offset available

Extra payments allowed

Redraw available

Interest only payment option available

Maximum loan term

Revolving

Maximum Loan Value Ratio

90%

Minimum loan amount

$20,000

Loan purpose

N/A

Remove

Variable 5.40 % p.a. Interest Rate

5.40 % p.a. Comparison Rate

A reverse mortgage option for over 65s with a competitive variable interest rate for those wanting to access the equity in your home.

Establishment fee

$0

Monthly fee

N/A

100% offset available

Extra payments allowed

Redraw available

Interest only payment option available

Maximum loan term

Maximum Loan Value Ratio

35%

Minimum loan amount

$10,000

Loan purpose

N/A

Remove

What is a reverse mortgage?

Reverse mortgages are a specific type of home loan designed for people aged 65 and over which allow access to the equity built up in the home. They let pensioners and retirees use some of the funds for various uses such as travel, medical expenses and living costs. If you’d like to find out more, our accredited reverse mortgage mobile lenders will come to you to get you started.

We're ready to help

With our simple application process and fast approvals, applying for a home loan with P&N Bank couldn't be easier.

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Disclaimer

Comparison rate based on a loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees & charges. Different terms, fees and other loan amounts might 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. Loan Value Ratio (LVR) is the proportion of money you borrow for a home loan compared to the value of the property. Rates stated are subject to change without notice. Fees and charges are payable. Lending Criteria applies to the approval of credit products and Terms and Conditions are applicable which are available on request.

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