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Home loan · Variable

Offset Variable HL

6.95%comparison rate p.a. · 6.92% advertised

Variable · P&I · Owner-occupier · 80.01–90% LVR

83rd of 91 variable owner-occupier P&I loans

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Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Offset account
Yes
Redraw
Yes
Extra repayments
Yes
Application fee
None
Ongoing fee
None
Discharge fee
$395
Compare all 311 home loans

Variable · P&I · Owner-occupier · ≤60% LVR
6.45% comparison · 6.42% advertised
Variable · P&I · Owner-occupier · 60.01–70% LVR
6.47% comparison · 6.44% advertised
Variable · P&I · Owner-occupier · 80.01–90% LVR
6.95% comparison · 6.92% advertised
Variable · P&I · Owner-occupier · 90.01–95% LVR
7.48% comparison · 7.45% advertised

Application fee
None
Ongoing fee
None
Discharge fee
$395
Valuation fee
None
Redraw fee
None

Offset account
Yes
Redraw
Yes
Extra repayments
Yes
Portable
No
Repayment holiday
No

Minimum loan
$20,000
Maximum loan
$5,000,000

  • Offset Variable HL · Variable · P&I · Owner-occupier
  • RBA cash rate
  • Market average
5.006.00AugSepToday6.45% p.a. today
  1. Offset Variable HL LVR>90-95variable owner-occupier P&I 7.23 → 7.4814 days after the RBA rise to 4.60%
    +0.25
  2. Offset Variable HL LVR>80-90variable owner-occupier P&I 6.70 → 6.9514 days after the RBA rise to 4.60%
    +0.25
  3. Offset Variable HL LVR<60variable owner-occupier P&I 6.20 → 6.4514 days after the RBA rise to 4.60%
    +0.25
  4. Offset Variable HL LVR>60-70variable owner-occupier P&I 6.22 → 6.4714 days after the RBA rise to 4.60%
    +0.25

Tracked since 12 September 2026. Our own corrections of a misread figure aren't shown.

A low variable rate home loan, with the added feature of a 100% offset account for owner occupiers.

Also from P&N: Basic Variable HL 6.47% · Fixed Home Loan 6.56% · Basic 6.57% · Offset 6.60% · Offset Variable HL>70-80 6.63%

As of 15 October 2026, the P&N Offset Variable HL's variable owner-occupier P&I variant has a comparison rate of 6.45% (6.42% advertised), ranking 39th of 91 variable owner-occupier P&I loans and sitting 0.09 points below the market average of 6.54%. The product comes in 4 variants; the others are other LVR bands. Its rate last moved on 14 October 2026, 14 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.