BSB 806 015

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BSB 806 015

& Basic Home Loan

Our no frills home loan with no ongoing fees and a low variable interest rate.

Account fees

No monthly maintenence fee

Redraw facility

Yes

Low rate

Low variable interest rate

The & Basic Home Loan offers a low variable rate for owner occupiers looking to borrow up to 90% of the property value. It has no establishment fee, a redraw facility and the flexibility of being able to make extra repayments so you can pay off your loan sooner. 

  • Great rate - access to a low variable rate home loan.
  • Flexible loan sizes - obtain a loan that suits your needs, starting at $150,000 right up to 90% of the property value.
  • 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.

Want to get into your first home sooner?

The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers to purchase a home with a deposit of as little as 5%, without needing to pay for Lenders Mortgage Insurance (LMI).

Find out more

Interest rates

Product Name LVR Rate
(Variable)
Comparison Rate
& Basic Home Loan < 90.00% 2.74% p.a. 2.74% p.a.

& Basic Home Loan fees & charges

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 an & Basic 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 2.74 % p.a. Interest Rate

2.74 % p.a. Comparison Rate

Enquire Request appointment

Disclaimer

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

Comparison rate 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.

On applicable home loans, loan value ratio (LVR) is the proportion of money you borrow for a home loan compared to the value of the property.


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