P&N Bank personal loans

P&N Bank is a customer-owned bank based in Western Australia offering a full suite of banking services. Customers can access their banking with P&N through branches across Perth, a contact centre based in WA, internet banking and an award-winning mobile app.

Other available products

Personal Finance Editor

Content updated

17 Oct, 2022

Product data updated

22 Dec, 2024

Why choose P&N Bank

Benefits

Moderately low interest rates available
Redraw facility option
No early exit penalty fee

Drawbacks

No branches outside Western Australia
Above-average upfront fee
Ongoing monthly fees

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

Your estimated repayments

Total interest

Total repayments

Compare personal loans

This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
The calculation rounds of the personal loan repayment to the closest dollar value without decimals.

All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.

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.

Share this page

About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

Did you find this page helpful?

^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

P&N Bank personal loans

Why choose P&N Bank

Benefits

Drawbacks

P&N Bank Personal Loans

Personal Loans calculator