P&N Bank Personal Loans

P&N Bank is a customer-owned mutual bank headquartered in Western Australia. Its history dates back to 1969.

As a small financial institution, P&N Bank has only 14 branches, mostly located around Perth. For customers outside WA, P&N Bank operates largely as an online bank.

Personal loans are available from P&N Bank in addition to credit cards, everyday bank accounts, savings accounts, term deposits and home loans.

P&N Bank personal loan repayment calculator

Thinking about taking out a personal loan with P&N Bank? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how P&N Bank personal loan compare with various products.

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P&N Bank Personal Loans

Features of a P&N Bank personal loan

P&N Bank has a limited range of personal loan options. Secured and unsecured loans are available, and all personal loans come with variable interest rates.

Borrowers from P&N Bank can expect to pay an upfront fee that is above average compared to the major banks.

There is a low ongoing monthly fee associated with P&N Bank personal loans. However, members who wish to pay off their loan early will not receive a penalty fee.

P&N Bank personal loan rates vary from moderately low to moderate depending on the type of loan chosen. A redraw facility is also available for people who wish to borrow back money already paid off their loan.

P&N Bank personal loans - customer service

P&N Banks has 14 branches for its customers to visit, all of which are located in Western Australia, mostly around Perth.

Members of P&N Bank also have access to banking services by phone or online.

Who is eligible for a P&N Bank personal loan?

Applicants for P&N Bank personal loans must meet the following eligibility criteria to secure a loan:

  • Be over 18
  • Pass a credit check
  • Have a history of employment
  • Have a vehicle for a secured loan

How to apply for a P&N Bank personal loan

P&N Bank accepts the following methods of application for personal loans:

  • Visit a branch
  • Apply online at the P&N Bank website
  • Apply by phone

P&N Bank personal loans review

P&N Bank offers a limited range of personal loan options, all of them with variable interest rates. Those who are looking for fixed interest rates will need to search elsewhere for a suitable personal loan.

Personal loan interest rates from P&N Bank range from moderately low to moderate. While this may offer some cost-saving potential, borrowers looking for very low interest rates may be better off shopping around further.

There is also a higher-than-average upfront fee and low monthly ongoing fees for P&N Bank personal loans. Borrowers who want to save on such fees might have to borrow from another lender.

A redraw facility is available for customers who wish to borrow back money already paid off their loan. This level of flexibility could be appealing to those who want to borrow a conservative amount initially with the option to borrow more later on if needed.

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