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P&N Bank Smooth Home Loan

The P&N Bank Smooth Home Loan offers variable rates from 8.12% p.a. (8.13% p.a. comparison rate*). Low deposit home loans.


Updated 28 November 2023

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Interest Rates
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I want to borrow
with a deposit of
for my
Interest Only(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

Variable

8.12%

8.13%

Expert Review

If you're looking for a fee free home loan with basic features, then the P&N Bank Smooth Home Loan is worth considering. As one of P&N Bank's more basic home loan offerings, it features variable interest rates across the Owner Occupier category. Further details about the P&N Bank Smooth 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 relatively high variable rate starting from 8.12% p.a. (8.13% p.a. comparison rate) on Interest repayments. 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 10% deposit or 10% existing equity, and often anything above these amounts will help you negotiate a lower interest rate. There is the option to and in the future, redraw funds if desired. In terms of repayments Interest Only 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
Fees

•

$0 establishment fee

•

$0 annual fee

Other fees may apply.

Loan Amount

•

From $20,000

Feature

•

No ongoing fees

•

Redraw extra repayments that you have made

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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