Reverse Mortgage Home Loan
A reverse mortgage allows you to draw upon the equity in your home to fund living expenses, health expenses or to simply live a more comfortable retirement.
- From (owner occupied)
- 9%
- 9.03% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Rate available to existing customers. · Rate available for new accounts. · https://www.pnbank.com.au/home-loans/specialty/reverse-mortgage/ | 9% | 9.03% | — |
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 |
| Loan Establishment Fee No fee for establishment or top-up of the home loan. | Upfront | $0.00 |
| 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 | Variable |
| Title Consent Fee Payable when we are requested to consent to a change relating to your title. | Event | $150.00 |
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
- Voluntary repayments can be made anytime without incurring additional charges. Any repayments made into the loan is available for redraw as and when required.
- 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.
- Redraw facility
- Any voluntary repayments can be redrawn fee free.
Eligibility
- Minimum age — 65 yearsMust be a minimum age of 65
- 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 — $300,000.00Maximum loan amount is $300,000
- Maximum LVR — 35%The maximum Loan to Value Ratio is 35.00%
- Minimum limit — $10,000.00Minimum loan amount is $10,000
- 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 73 · View on CDR.gov.au · View Source Data (JSON)