Basic Variable HL LVR >70-80

A low rate, no-frills variable rate basic home loan for owner occupiers.

Interest Rates

Type	Rate	Comparison	Applies To
Variable Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers.	6.19%	6.22%	—

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
Loan Establishment Fee No fee for the establishment of the 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
Valuation Fee First valuation is free. Additional valuations are charged to you at the cost we have incurred.	Upfront	$0.00
Legal Fee Payable at cost when legal advice or services are required over the life of the loan.	Other	Variable
Third Party Document Production Fee Payable at cost if the Bank incurs costs or had to pay a third party in connection with something that needs to be done under the Loan or Security.	Other

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 are allowed on variable home loans without additional charges.
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.
Make extra repayments without penalty, to pay off your home loan even faster.
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.

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.

Published by P&N Bank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 286 · View on CDR.gov.au