P&N Bank EasyPay Loan


The EasyPay Home Loan has a high variable interest rate that is offered to both investors and owner-occupiers, which means you’ll be paying a high amount of interest for each of your repayments throughout the life of your loan.

However, as the name of this loan suggests, your repayments are on a flexible schedule since you can choose to make weekly, fortnightly or monthly repayments and you have the ability to pay off this loan faster than your loan term with the choice to make early repayments.

If you need to redraw any of the extra repayments you’ve made on your loan, you will have free access to do so through the redraw facility.

Another way you can save money is through the 100 per cent offset account, which offsets your interest through the balance of this transaction account.

You don’t have to make a large deposit in order to qualify for this loan, since you can borrow up to 95 per cent of your property’s value. However, there is a minimum amount that you must be borrowing on this loan in order to be eligible, so be sure you’re within this range before you decide this is the loan for you.

Who is the P&N Bank EasyPay Loan good for?

The EasyPay Home Loan is available to both owner-occupiers and investors and could be suitable for either borrower.

Review - What RateCity says

While this loan has a range of features to help you minimise your interest repayments and pay your loan off sooner, the variable rate of interest is high, as are the fees so it is worth doing your research in order to determine if this loan stacks up.

P&N Bank EasyPay Loan Options

More information about the P&N Bank EasyPay Home Loan can be found at the link provided below.

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  • 100 per cent offset account.
  • Early repayments and redraws.
  • Suitable for small deposits.
  • High variable interest rate.
  • Moderately high upfront cost.
  • Annual fee.

Must be able to provide income details.

Must be able to provide proof of identification.

Must be a member of P&N Bank.

Suitable For
  • First Home Buyers
  • Investors
  • Owner-Occupiers
  • Refinancers
  • Estimated upfront fees: $395.00
  • Discharge fees: $395
  • Ongoing fees: $8 monthly

The P&N Bank EasyPay Home Loan does have a moderately high upfront costs, so bear this in mind if you’re considering this loan.

You will also be charged an annual fee for the EasyPay Home Loan as well as a discharge fee that will be due when you complete your loan.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About P&N Bank

P&N Bank is a customer-owned bank with branches throughout WA and an ATM network across Australia.

You will need to become a member of the bank if you want to take out a home loan with P&N.

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