From 31 May 2024, we will no longer be accepting new loans as part of the Home Guarantee Scheme. All customers with current loans through the Scheme are unaffected by this change. Learn more.
The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to purchase a home with a smaller deposit.
What is the First Home Guarantee?
The First Home Guarantee (FHBG) is an Australian Government initiative to help eligible home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible home buyers to purchase a home with a deposit of as little as 5% without needing to pay for Lenders Mortgage Insurance (LMI). For further information, visit the Housing Australia website.
Already have a current loan through the scheme?
Don’t worry, all current P&N Bank loans within the scheme will continue and there will be no impact on our customers. If you have any queries about your current loan with us, please get in touch with our friendly team.
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Important information
Meeting the eligibility criteria does not mean that you will receive either a guarantee or a loan from a participating lender.