EOFY Countdown: How to grab serious savings with a lower home loan rate
EOFY is a great time to take a look at your finances, especially when interest rates are falling!
Sponsored by P&N Bank. Whether you're getting started on the property ladder, upgrading, downsizing, investing, or staying put, P&N Bank offers a range of home loans with competitive rates and flexible options to suit your needs. Get started today at P&N Bank's website.
The Reserve Bank has cut the cash rate twice in 2025. Rates are now 50 basis points lower than they were in 2024.
So with the right loan, borrowers can now access much lower rates than this time last year!
Shop around before you borrow or refinance
Even though the cash rate has been cut, not all lenders are playing ball.
It's worth shopping around; lender loyalty doesn't always pay.
Lenders sometimes keep existing borrowers on higher rates while offering better deals to new customers.
Speaking with a home lending specialist can help you make an informed decision before you borrow.
💸Looking for a better home loan? Whether you're buying or refinancing - P&N Bank can help you save.💸
The P&N Bank Basic Variable Home Loan offers a competitive rate and flexible features to suit a variety of needs.
- Low variable interest rate
- No ongoing monthly or annual fees
- Flexible repayment options – weekly, fortnightly, or monthly
- Make extra repayments without penalty
- Redraw any extra repayments online if you're ahead
Switching to the right home loan could result in significant monthly savings.
To learn more, visit the P&N Bank website for full details.
Save each and every month with the right loan
Having a lower interest rate means that you can potentially save hundreds of dollars each month.
Your interest rate directly affects the repayments you need to make.
So if you're able to get a lower interest rate through a lender that's passing on the savings, it can be better for your finances in the long run.
Refinancing can put you in a better financial position
Everyone's circumstances are different, so it's important to consider your options carefully before refinancing.
But in many cases, opting to refinance your home loan to a lower interest rate can unlock several benefits, including:
With the right lender, your home loan doesn't have to be a hassle. Instead, it can be a useful financial tool.
Get started with P&N Bank
Sponsored by P&N Bank. Whether you're getting started on the property ladder, upgrading, downsizing, investing, or staying put, P&N Bank offers a range of home loans with competitive rates and flexible options to suit your needs. Get started today at P&N Bank's website.
Credit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Lending criteria, terms & conditions, fees & charges apply. *Rate advertised is for P&I loans >$20k. LVR <60%. Product information current as at 9 June 2025 and is subject to change. Other loan to value ratio tiers and rate options are available on our website. The Target Market Determination (TMD) for this product is available on our website or upon request. **Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable interest-only loans, comparison rates are based on an initial 3-year Interest Only period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
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