Fixed Home Loan (IO) LVR <80
The P&N Bank Fixed Rate Home Loan offers you the peace of mind of a fixed interest rate with interest only repayments for one to five years, while still allowing extra repayments of up to $25,000 during the fixed term.
- From (owner occupied)
- 6.27%
- 6.32% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year Owner occupied · Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 6.27% | 6.32% | — |
| Fixed · 2 years Owner occupied · Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 6.27% | 6.31% | — |
| Fixed · 3 years Owner occupied · Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 6.69% | 6.43% | — |
| Fixed · 4 years Owner occupied · Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 6.74% | 6.48% | — |
| Fixed · 5 years Owner occupied · Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 6.79% | 6.54% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Statement Retrieval Fee Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement. | Replacement | $2.50 |
| Fixed Home Loan Break Costs May be payable if you pay your loan off in full, make an early or extra repayment, or make certain other changes to your loan, during any fixed-rate period. Amount is calculated specifically related to the individual event. Refer to website. | Variation | Variable |
| Fixed Home Loan Adjustment Cost Fee May be payable if you pay your loan off in full, make an early or extra repayment, or make certain other changes to your loan, during any fixed-rate period. Amount is calculated specifically related to the individual event. Refer to website. | Variation | Variable |
| Loan Establishment Fee No fee for establishment or top-up of the home loan. | Upfront | $0.00 |
| Lenders Mortgage Insurance LMI is insurance that protects the bank if the borrower/s are unable to make home loan repayments. LMI is required when a borrowers deposit is generally less than 20% of the property value plus other government fees. Please see our fact sheet for details. | Other | Variable |
Features
- Digital banking
- Keep a close eye on the details that matter. Use internet banking or mobile app to view your loan balance, track your interest rate, and maturity date.
- Extra repayments
- Extra repayments up to $25,000 are allowed during the fixed period for fixed home loans without additional charges or penalties.
- Guarantor supported
- Subject to our credit policy, the customer may be able to nominate a guarantor during the origination process.
- Real-time payments (NPP)
- Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.
- Flexible loan structuring options may be available, including the ability to request to split your loan into fixed and variable components, subject to approval and product eligibility.
Eligibility
- Minimum age — 18 years
- Individuals onlyMember must be a natural person rather than another legal entity.
- Credit eligibilty criteria, terms and conditions, fees and charges apply.
- You must be or become a P&N Bank member
- Residency status — At least one applicant must be an Australian or New Zealand citizen or an Australian permanent resident. Income for non-permanent residents isn't included. Australian's living overseas are eligible only if they had prior lending with PNL.
Constraints
- Maximum limit — $5,000,000.00Maximum loan amount is $5,000,000
- Maximum LVR — 80%The maximum Loan to Value Ratio is 80%
- Minimum limit — $20,000.00Minimum loan amount is $20,000
- Minimum LVR — 0.01%The minimum Loan to Value Ratio is 0.01%
More Information
Published by P&N Bank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 10 · View on CDR.gov.au