General Lending Rates

Product Features

• Digital Banking Additional Information: Redraw online if you're ahead on your repayments.

• Extra Repayments Additional Information: Extra repayments are allowed on variable home loans without additional charges.

• Guarantor Additional Information: Subject to our credit policy, the customer may be able to nominate a guarantor during the origination process.

• Npp Enabled Additional Information: Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.

• Other Additional Information: Make extra repayments without penalty, to pay off your home loan even faster.

• Redraw Additional Information: Fee free redraw is available for this home loan if you're ahead on your repayments.

Product Eligibility

• Min Age - 18.

• Natural Person Additional Information: Member must be a natural person rather than another legal entity.

• Other Additional Information: Credit eligibilty criteria, terms and conditions, fees and charges apply.

• Other Additional Information: 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..

Bank Fees and Charges

• Statement Retrieval Fee (Event), Amount: 2.50. Additional Information: Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement.

• Loan Establishment Fee (Upfront), Amount: 0.00. Additional Information: No fee for the establishment of the loan.

• Lenders Mortgage Insurance (Variable), Amount: Not Listed.. Additional Information: 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.

• Valuation Fee (Upfront), Amount: 0.00. Additional Information: First valuation is free. Additional valuations are charged to you at the cost we have incurred.

• Legal Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost when legal advice or services are required over the life of the loan.

• Third Party Document Production Fee (Variable), Amount: Not Listed.. Additional Information: 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.

• Title Search Administration Fee (Upfront), Amount: 25.00. Additional Information: Administration fee charged per loan for obtaining title searches.

• Construction Progress Payment Fee (Upfront), Amount: 50.00. Additional Information: Charged per drawdown payment that is made on your construction loan.

• Title Consent Fee (Event), Amount: 150.00. Additional Information: Payable when we are requested to consent to a change relating to your title.

• Loan Contract Variation Fee (Event), Amount: 250.00. Additional Information: Charged when we process a variation of your contract or any security such as; substitution, partial release, additional or transfer of security, amendment to the term of a loan or a loan account.

• Discharge Of Mortgage Non-settlement Fee (Event), Amount: 350.00. Additional Information: Charged for the preparation of documents for the discharge of mortgage where no settlement is required.

• Discharge Of Mortgage Settlement Fee (Event), Amount: 395.00. Additional Information: Charged for the preparation of documents for the discharge of mortgage in relation to a settlement.

• Withdrawal Of Caveat Non Settlement Fee (Event), Amount: 55.00. Additional Information: Without settlement, per document. When we are requested to remove a caveat lodged on a title.

• Withdrawal Of Caveat Settlement Fee (Event), Amount: 160.00. Additional Information: With settlement, per document. When we are requested to remove a caveat lodged on a title.

• Construction Progress Inspection Fee (Upfront), Amount: 121.00. Additional Information: Charged per property inspection required at key milestone completions during your construction loan.

• Loan Account Switching Fee (Event), Amount: 300.00. Additional Information: Charged for switching your home loan to a different product on your request.

• Document Preparation Fee (Upfront), Amount: 300.00. Additional Information: Fee for preparation of loan contracts charged at the time of funding or settlement of the loan.

• Default Notification Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost when we issue a default notice because you are in default under the contract.

• Late Payment Notification Fee (Event), Amount: 5.00. Additional Information: Charged when a payment to a home loan becomes overdue by 11 days and 30 days.

• Management Administration Fee (Event), Amount: 50.00. Additional Information: Charged monthly when a payment to a home loan becomes overdue by more than 90 days.

• Collection Agent Administration Fee (Event), Amount: 100.00. Additional Information: Payable when a payment to a home loan becomes overdue for more than 90 days and we choose to engage an external collection agent.

• Govt Registration Of Mortgage (Variable), Amount: Not Listed.. Additional Information: This fee is payable to the bank in reimbursement of Government charges relating to registration of mortgage on the security property. Amounts are set by the land titles office by each state or territory.

• Govt Discharge Of Mortgage (Variable), Amount: Not Listed.. Additional Information: This fee is payable to the bank in reimbursement of Government charges relating to discharge of mortgage on the security property. Amounts are set by the land titles office by each state or territory.

• Govt Title Search Fee (Variable), Amount: Not Listed.. Additional Information: This fee is payable to the bank in reimbursement of Government charges relating to obtaining title searches on the security property. Amounts are set by the land titles office by each state or territory.

• Property Exchange Australia (pexa) Charges (Variable), Amount: Not Listed.. Additional Information: Payable when we have to register or release of any documents relating to a security electronically, request information or we process a financial settlement using PEXA. Fees are applied as charged by PEXA.

 Limitations & Restrictions (Constraints)

• Max Limit of 5000000.00 Additional Information: Maximum loan amount is $5,000,000

• Max Lvr of 0.60 Additional Information: The maximum Loan to Value Ratio is 60%

• Min Limit of 20000.00 Additional Information: The minimum loan amount is $20,000

• Min Lvr of 0.0001 Additional Information: The minimum Loan to Value Ratio is 0.01%