BSB 806 015

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BSB 806 015

Simple Home Loan

A low variable rate home loan for owner occupiers with a lower deposit. Ability to borrow up to 95% of the property value.

Loan term

5 - 30 years

Redraw facility


Account fees

No monthly maintenance fee

The Simple Home Loan offers a low variable rate for owner occupiers looking to borrow up to 95% of the property value. The flexible loan also provides the options of an offset account and credit card which has the same interest rate as the home loan for purchases.

  • Great rate - access to a low variable home loan.
  • Flexible loan sizes - obtain a loan that suits your needs starting at $50,000 right up to 95% of the property value.
  • Optional 100% offset transaction account - an & Access Account which gives you a 100% balance interest offset against your Simple Home Loan with no monthly fee.
  • Optional credit card - a Simple Visa Credit Card with a purchase rate that matches your Simple Home Loan interest rate.
  • Pay your loan off sooner - make additional payments and pay your loan off faster.
  • Redraw facility - pay more into your home loan and access the funds when you need them.

Interest rates

Product Name LVR Rate
Comparison Rate
Simple Home Loan < 95.00% 2.92% p.a. 2.92% p.a.

Simple Home Loan fees & charges

Monthly maintenance fee$0
Establishment fee (includes one valuation)
includes one valuation$0
additional valuationsat cost*
Switch Fee$300

*At cost refers to costs incurred by P&N Bank resulting from the provision of a product or service requested by the member, which will be passed on to the member.

It’s easy to apply for a Simple Home Loan with P&N Bank. Simply get all your details ready and choose how to apply.

What you need

  • Primary ID with a photo (ie. passport or driver’s licence), or primary ID without a photo (ie. birth certificate or citizenship certificate) plus secondary ID (ie. utility bill)
  • Income details (payslips / if self employed, tax assessments for the last two years and financial statements)
  • Contact details for your current and previous employer
  • Details of your assets and liabilities (eg. property, loans, shares)

How to get started

In person

Apply for a home loan in person at your nearest branch. Be sure to bring along all the documents you'll need.

Over the phone

Call us on 13 25 77 and one of our local loan consultants will help you with your home loan application.

We'll come to you

Meet our mobile lending team and book a home loan appointment. They'll visit you at home or at work.


Variable 2.92 % p.a. Interest Rate

2.92 % p.a. Comparison Rate

Enquire Request appointment


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

To use this website you are required to read the Credit Guide (which you agree to be provided by accessing this link.) Lending criteria apply. Terms and conditions apply and are available on request. Rates stated are subject to change without notice. Fees and charges are payable.

View Home Loan Terms and Conditions

Create a Home Loan Key Fact Sheet

Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Comparison rate is based on a loan of $150,000 for a term of 25 years. 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. IMPORTANT THINGS YOU SHOULD KNOW: To use this website you are required to read the Credit Guide (which you agree to be provided by accessing this link). Lending criteria applies. Terms and conditions apply and are available on request. Rates stated are subject to change without notice. Fees and charges are payable. The Simple Visa Credit Card is only available to Simple Home Loan holders. The & Access Account is only available to & Home Loan and Simple Home Loan holders. During any period in which a Simple Home loan is not held, the interest rates and fees applicable to the Simple Visa Credit Card will be the P&N Bank Visa Classic Card interest rates and fees. Only one Simple Visa Credit Card is allowed per member. Any advice given is general only and does not take into account your personal objectives, financial situation or needs. Please consider any Product Disclosure Statement and whether a product is right for you.

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