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P&N Bank Fixed Rate Home Loan

The P&N Bank Fixed Rate Home Loan offers variable rates from 5.49% p.a. (5.96% p.a. comparison rate*) and fixed rates from 5.49% p.a. (5.96% p.a. comparison rate*). Low deposit home loans.


Updated 9 May 2025


Fact checked and verified. Updated 9 May 2025
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Interest Rates
Enter scenario to see relevant rates
I want to borrow
with a deposit of
for my
Principal & Interest(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

Variable

5.49%

5.96%

1 Year Fixed

5.69%

6.03%

2 Year Fixed

5.59%

5.98%

3 Year Fixed

5.59%

5.94%

4 Year Fixed

6.49%

6.23%

5 Year Fixed

6.49%

6.26%

Interest Only(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

1 Year Fixed

5.69%

6.03%

2 Year Fixed

5.49%

5.96%

3 Year Fixed

5.59%

5.94%

4 Year Fixed

6.49%

6.23%

5 Year Fixed

6.49%

6.26%

Expert Review

If you're looking for a fee free home loan with basic features, then the P&N Bank Fixed Rate Home Loan is worth considering. As one of P&N Bank's more basic home loan offerings, it features variable and fixed interest rates across the Owner Occupier category, and the ability to split your loan into variable and fixed rate parts. Further details about the P&N Bank Fixed Rate Home Loan benefits are outlined below.

Basic non-package loan for owner occupiers:
The key features under this relatively basic offering for owner occupier loans are focused on pricing. Specifically, pricing advertised includes a $0 monthly fee, and a low variable rate starting from 5.49% p.a. (5.96% p.a. comparison rate) on Principal and Interest repayments. An alternatively option offered is a fixed rate loan, where for example there is a 3 year fixed interest rate from 5.59% p.a. (5.94% p.a. comparison rate), in addition to other investor fixed-rate terms, shown on this page. Upon expiry of the fixed rate term, the interest rate applied to the loan will revert to a variable rate, currently starting from 5.59% p.a. (5.94% p.a. comparison rate), however borrowers usually renegotiate prior to this. Please keep in mind that despite this being a relatively basic no-frills product offering by P&N Bank, these rates should be able to be negotiated down, particularly for people borrowing a sizeable amount, or for those who hold a sizeable deposit or equity in a property already. This loan does require a minimum of either 5% deposit or 5% existing equity, and often anything above these amounts will help you negotiate a lower interest rate. There is the option to split the loan into Variable and Fixed rate components. In terms of repayments Interest Only repayments or Principal and Interest repayments are available.
Summary
Considering the basic features available with this product, this home loan will appeal to owner occupier borrowers. It will also appeal to someone where the lesser known P&N Bank brand and service isn’t a concern, or for those who are happy to bank with a lender that offers features most important to them, over who the lender is.

Product Details
Fix your mortgage payments from 1 to 5 years."
- P&N Bank
Fees

•

$0 establishment fee

•

$0 annual fee

Other fees may apply.

Loan Amount

•

From $20,000

Feature

•

No ongoing fees

•

Split your loan into fixed and variable rate portions

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the P&N Bank website.

More information
* Comparison rate is based on a secured loan of $150,000 over a 25 year term. 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.
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