BSB 806 015

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BSB 806 015

Flying Start & Bag

Only available with the Simple Home Loan

A low variable rate home loan available up to 95% of the property value.

12-month rate discount offer

Discount on your interest rate (currently 0.20%p.a.) that can be taken any time in the first five years of your loan.

Simple Visa Credit Card

Optional Simple Visa Credit Card with purchases at the Simple Home Loan rate (without the discount).

& Access Account

Transaction account with 100% balance interest offset.

You and your first home deserve a Flying Start.

Savings and support. Our Flying Start & Bag offers all this and more.

How it works

If you are eligible for a concessional rate of stamp duty or a one-off grant as a first home owner in your State or Territory, you can enjoy our Flying Start offer.

Available for loans up to 95% of the property value. The & Bag features a Simple Home Loan, for owner occupiers, at a low variable rate and it comes with something extra special - a 12-month interest rate discount offer (currently 0.20%p.a.) which you can choose to take any time during the first five years of your loan.

From here you can choose to add any of the below to create a combination of products and services that suits your needs.

What can you put in your Flying Start & Bag?

  • & Access Account - A transaction account which gives you a 100% balance interest offset against your Simple Home Loan - with no monthly fee.
  • Simple Visa Credit Card - A credit card with purchases at the variable Simple Home Loan rate (without the discount).

Get started

Talk to us about starting your Flying Start & Bag today by completing our online form. We're here to help guide you through the journey.

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.

  • Great rate - access to a low variable home loan.
  • 12-month interest rate discount offer - currently a 0.20%p.a. A discount on your interest rate that can be taken at any time in the first five years of your 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 purchases at the variable Simple Home Loan interest rate (without the discount).
  • 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
(Variable)
Comparison Rate
Simple Home Loan < 95.00% 4.19% p.a. 4.19% p.a.

Fees & Charges

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

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

The optional Simple Visa Credit Card has a variable purchase rate that matches the Simple Home Loan rate (without the discount).

  • Low variable purchase rate - purchases at the Simple Home Loan rate (without the discount).
  • Interest free days - up to 45 days interest free on purchases.
  • No annual fee - no annual fee on the Simple Visa Credit Card.
  • Tap and pay with your compatible mobile phone - using Apple Pay or Android PayTM , a smarter way to pay.
  • Easy access - Access your funds 24/7 via Internet banking, Mobile App and Phone banking.

Interest Rates

Product Name Purchase Rate
(Variable)
Cash Advance Rate
(Variable)
Balance Transfer Rate
(Variable)
Simple Visa Credit Card 4.19% p.a. 19.99% p.a. 4.19% p.a.

Fees & Charges

Annual fee$0
Cash advance (domestic and overseas)$5
Replacement of lost card$10
Urgent VISA card$50
Overseas emergency replacement
Approved$320
Declined$70

The optional & Access Account is linked to your Simple Home Loan, this transaction account is for your everyday banking, and helps you pay off your loan faster with a 100% balance interest offset.

  • Saving money on your home - by linking a 100% offset & Access Account to a Simple Home Loan
  • No monthly fees - keeping your hard earned money in your pocket
  • Fee-free transactions - enjoy a range a fee-free transactions
  • Visa Debit Card - Access your funds wherever Visa is accepted.
  • Tap and pay with your compatible mobile phone - using Apple Pay or Android PayTM , a smarter way to pay.
  • Easy access - Access your funds 24/7 via Internet banking, Mobile App and Phone banking.
  • Over 3000 free ATMs - Free and convenient access to your funds via rediATM, NAB and BOQ ATMs, one of Australia's largest ATM networks.
  • Peace of mind - Your Visa Debit card is protected by Visa Zero Liability when using Visa payWave or pressing credit in store. Additionally, Verified by Visa adds an extra layer of security to select online transactions.

Interest Rates

Product Name Tier Rate
(Variable)
Interest Calculated Interest Credited
& Access Account > $0 n/a Daily balance N/A

Fees & Charges

Account fees & charges
Monthly Base Balance Fee

Nil

Base Balance

None

Unlimited Free Transactions
  • Direct Credit
  • [email protected]™ deposit¹
  • Internet Banking Transfer
  • Mobile App Transfer
  • Phone Banking Transfer
  • Express Cheque Deposit
  • EFTPOS
  • VISA Purchase
  • [email protected]™ withdrawal¹
  • BPay®
  • Auto Transfer (internal/external)
  • Direct Debit

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

¹ [email protected]™ deposits and withdrawals are available only with an P&N ATM Card or VISA Debit or Credit Card. Cheques must be made out in the name of the cardholder to be accepted at [email protected]™ and are subject to 4 working days clearance.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

The & Access Account is only available to & Home Loan and Simple Home Loan holders.

 


Get started

Variable 4.19 % p.a. Interest Rate

4.19 % p.a. Comparison Rate

Get started

Helpful tools

Important Information

The 12 month discount offer is subject to Terms and Conditions and must be accepted during the offer period which commences on the date the loan is advanced and expires on the earlier of 5 years or termination of the loan. If the loan terminates during the 12 month discount period the discount rate will apply until the date of termination. The discount rate may change and the promotion may be withdrawn, at any time. However, the discount rate offered with and detailed in a loan offer will not change during the offer period. For the loan, lending criteria and Terms and Conditions apply. All rates stated (including the discount rate) are subject to change without notice. Fees and charges are payable. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate based on a loan of $150,000 for a term of 25 years. The Simple Visa credit card is only available with the Simple Home Loan. During any period a Simple Home Loan is not held, the interest rates applicable to the Simple Visa credit card will be the P&N Bank Visa Classic interest rates. Only one Simple Visa credit card is allowed per member. For the & Access Account, advice given does not take account of your objectives, financial situation or needs so please consider whether the account is right for you and in doing so consider the Product Disclosure Statement.

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