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. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.

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P&N Bank · Interest only

P&N Bank interest only home loans — what to weigh

Interest-only loans don't amortise during the IO term — they only stack up when capital growth is doing the heavy lifting. Owner-occupier IO is APRA-restricted; most IO products on the panel are investor. P&N Bank's sharpest variable currently: 5.88%. Sharpest fixed: 6.64%.