Product | Interest rate from | Comparison rate from | Upfront fee |
---|---|---|---|
Car Loan (Fixed) |
8.24% p.a. |
8.87% p.a.based on $30,000 |
$199.00 |
Secured Personal Loan (Fixed) |
8.24% p.a. |
8.90% p.a.based on $30,000 |
$199.00 |
Unsecured Personal Loan (Fixed) |
9.99% p.a. |
10.65% p.a.based on $30,000 |
$199.00 |
It’s simply an interest rate that can be increased or decreased while you repay your debt, potentially adjusting the cost of loan repayments. If you choose a P&N Bank loan, you may like to factor a negative rate change in your budget in case it happens. On the plus side, interest rates to begin with are competitively low.
It’s up to you. Tying your car into the contract as collateral means P&N can take back your vehicle if you default on the loan. Secured loans have lower rates than unsecured loans, which require less paperwork. Which one will you choose?
You’ll need to sign on for at least $5k, up to an amount you can comfortably afford to repay based on your financial situation.
Yes, it’s just a matter of whether or not the vehicle will qualify as security, if it’s a secured loan you’re after. Discuss the make and model with P&N to confirm whether you can use a secured or unsecured loan to buy that dream car.
Actually yes, P&N Bank has its own “car search” tool you can use to help find your ideal car. It can also be known to offer seasonal perks like car insurance and petrol vouchers too.
You can select a weekly, fortnightly or monthly billing cycle. Pick one that works with your budget best and set up direct payments if you’re worried about missing due dates.
You sure can and you'll also get the flexibility to dip into them whenever you like through the redraw facility.
P&N charges all customers who pay off their car loans early a flat fee.
From 2 to 5 years.
Taking out a P&N Bank car loan over the phone or at a branch is easy. Once you get in touch with them or fill out an online form, you’ll need to provide them with a few personal details, like:
Expect to hear back from P&N within a couple of business days after you’ve submitted your forms, and soon enough you should have that shiny new or used car sitting in the driveway.
Mozo users have rated P&N Bank car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
I love P&N Bank! I have had three car loans with them & wouldn't hesitate to take out a further loan if required. Their rates are very comparative & there are no penalties for paying the loan off sooner. I also have my car insured through them, in fact I was lucky to find an insurance provider who had my make & model car even listed . Many of the larger companies didn't recognise it or wanted to charge an exorbitant amount .
Read full reviewI love P&N Bank! I have had three car loans with them & wouldn't hesitate to take out a further loan if required. Their rates are very comparative & there are no penalties for paying the loan off sooner. I also have my car insured through them, in fact I was lucky to find an insurance provider who had my make & model car even listed . Many of the larger companies didn't recognise it or wanted to charge an exorbitant amount .
Easy peasy and fuss-free, my car loan helps me get from A to B! Thanks PNC!
Read full reviewEasy peasy and fuss-free, my car loan helps me get from A to B! Thanks PNC!
Police & Nurses are so competitive they are often the lowest in interest rates over all products! They are professional, friendly, courteous & ensure they satisfy your every need! Their online banking service is excellent & I've never had any problems. They are fantastic in every way!!
Read full reviewPolice & Nurses are so competitive they are often the lowest in interest rates over all products! They are professional, friendly, courteous & ensure they satisfy your every need! Their online banking service is excellent & I've never had any problems. They are fantastic in every way!!
Quick approval, convenient, easy.
Read full reviewQuick approval, convenient, easy.