8.3/10

Based on 602 P&N Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

P&N Bank home loans

P&N Bank is a customer-owned bank headquartered in Perth, Western Australia. P&N Bank offers a range of banking products, including variable and fixed rate home loans which are available for both owner occupiers and investors. P&N Bank customers can manage their home loans through the P&N Bank app, internet banking, by dropping into a branch, or by calling the P&N Bank contact centre based in WA. 

What home loans do P&N Bank offer?

Rates and fees verified as correct at 21 July 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

If you’re looking to lock in your mortgage rate over the short term then a fixed rate home loan  from P&N Bank could be what you're after. The customer-owned bank offers a single fixed option for both owner occupiers and investors - the Fixed Rate Home Loan - which is on loan amounts starting from just $20,000. The loan offers competitive rates across 1-5 year fixed terms and is available for borrowers with a deposit as low as 5%. While there isn’t much in the way of features with this loan, there are relatively few fees which is a bonus. For all the details, check out the linked review below.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.39% p.a.

6.35% p.a.

$0.00

$300

6.49% p.a.

6.38% p.a.

$0.00

$300

6.49% p.a.

6.52% p.a.

$0.00

$300

6.59% p.a.

6.55% p.a.

$0.00

$300

Variable Rate Home Loans

For borrowers after a little more flexibility in their mortgage, one of the variable rate home loans on offer from P&N Bank might just a better fit. Variable rate options are available from $20,000, up to 90% of the property’s value, but unlike the fixed rate alternative there are also a range of features including the ability to make free extra repayments, free redraws (minimum applies) and a 100% offset account - although the availability of these features depends on the specific loan. For greater detail, check out the linked variable rate reviews below. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.15% p.a.

6.18% p.a.

$0.00

$300

6.13% p.a.

6.16% p.a.

$0.00

$300

6.89% p.a.

6.92% p.a.

$0.00

$300

6.34% p.a.

6.37% p.a.

$0.00

$300

6.39% p.a.

6.42% p.a.

$0.00

$300

7.74% p.a.

7.77% p.a.

$0.00

$300

6.64% p.a.

6.67% p.a.

$300

6.59% p.a.

6.62% p.a.

$300

6.34% p.a.

6.37% p.a.

$300

6.29% p.a.

6.32% p.a.

$300

6.79% p.a.

6.82% p.a.

$0.00

$300

6.49% p.a.

6.52% p.a.

$0.00

$300

Line of Credit

Borrowers can use the equity already built up in their property to fund their next big spending goal - whether that's a kitchen renovation or an exotic getaway - with the P&N Bank equity access loan. The loan is available for up to 90% of your home’s value, starting from $20,000, plus there's an option to split it between fixed and variable rates.

Product Rate Comparison Rate Service fee Upfront fee

9.12% p.a.

n/a

$0.00

$3,000

P&N Bank home loan features in a glance

Offset icon

Offset account

A number of P&N Bank's variable rate mortgages include a 100% offset account as a feature which allows borrowers to reduce the loan amount they're paying interest on by making contributions to the offset account. Just remember, this feature isn’t available on fixed rate options.

Free icon

Free extra repayments

Most of P&N Bank's variable rate home loans also allow extra repayments to be made towards the loan for free, which has the double benefit of paying it off faster without accruing as much interest. 

Schedule icon

Flexible repayment schedule

Set your own schedule, with the option to choose between making weekly, fortnightly or monthly repayments on all but the fixed rate P&N Bank mortgages.

How are P&N Bank home loans rated?

Mozo users have rated P&N Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
P&N Bank home loans customer reviews
Overall
7.6/10
Price
8.0/10
Features
7.1/10
Customer service
8.1/10
Convenience
7.8/10
Trust
7.8/10
Based on 77 P&N Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent P&N Bank home loan reviews

P&N Bank & Basic Home Loan
Overall 8/10
Patient customer service

I chose this bank after looking at most interest rates for home loans. They seemed to have the best rates. I went to the Rockingham branch and was lucky with amazing customer service. I was nervous to start due to all the paperwork I would do, but my home loan specialist was patient and was able to go through step by step with me. I also like how my account comes with an offset account, which I expected to have a higher interest rate for. Overall, a great experience

Read full review

I chose this bank after looking at most interest rates for home loans. They seemed to have the best rates. I went to the Rockingham branch and was lucky with amazing customer service. I was nervous to start due to all the paperwork I would do, but my home loan specialist was patient and was able to go through step by step with me. I also like how my account comes with an offset account, which I expected to have a higher interest rate for. Overall, a great experience

Price
9/10
Customer service
10/10
Convenience
7/10
Trust
7/10
Less
Hannah, Western Australia, reviewed 4 months ago
P&N Bank Home Loan
Overall 9/10
Fantastic service with a smile in person or mobile

I have been a member of P&N Bank for over twenty years (20) years and in that time I have had reasons to be concerned about my finances, especially in 2016 when wildfires ravaged my hometown. Having lost everything like hundreds of other residents, we started to receive monetary donations from different organizations. P&N Bank sent me a message asking if I could attend the branch in person which I did and to my amazement I was given a gift card to the value of $500.00 to purchase necessary goods required. when I advised friends that P&N Bank gave me a gift card, their responses were "Well, my bank didn't give me anything". P&N Bank assisted me above and beyond the call of duty when I applied for a home loan which I was successful in obtaining. It's the little thigs they do that makes banking with P&N Bank such a pleasure.

Read full review

I have been a member of P&N Bank for over twenty years (20) years and in that time I have had reasons to be concerned about my finances, especially in 2016 when wildfires ravaged my hometown. Having lost everything like hundreds of other residents, we started to receive monetary donations from different organizations. P&N Bank sent me a message asking if I could attend the branch in person which I did and to my amazement I was given a gift card to the value of $500.00 to purchase necessary goods required. when I advised friends that P&N Bank gave me a gift card, their responses were "Well, my bank didn't give me anything". P&N Bank assisted me above and beyond the call of duty when I applied for a home loan which I was successful in obtaining. It's the little thigs they do that makes banking with P&N Bank such a pleasure.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
Tony, Western Australia, reviewed about 1 year ago
P&N Bank Home Loan
Overall 1/10
Do not borrow from P&N Bank

Please do not borrow from this bank. We were with them for 30 years but as soon as we retired and were not earning they treated us like dirt.

Read full review

Please do not borrow from this bank. We were with them for 30 years but as soon as we retired and were not earning they treated us like dirt.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Paul, New South Wales, reviewed about 1 year ago
P&N Bank Simple Home Loan
Overall 10/10
Great!

The customer service is amazing. the rates are competitive and the app is amazing

Read full review

The customer service is amazing. the rates are competitive and the app is amazing

Price
10/10
Features
9/10
Customer service
9/10
Convenience
8/10
Trust
10/10
Less
Chelsea, Western Australia, reviewed almost 2 years ago
P&N Bank & Basic Home Loan
Overall 0/10
Poor

Terrible service. Waited four weeks to refinance had to call myself, got told paperwork was now out of date, submitted new paperwork had to ring after two weeks of nothing got the run around and canceled my application. Never again

Read full review

Terrible service. Waited four weeks to refinance had to call myself, got told paperwork was now out of date, submitted new paperwork had to ring after two weeks of nothing got the run around and canceled my application. Never again

Less
Eion, Western Australia, reviewed about 3 years ago

What do you need to apply for a P&N Bank home loan?

When you’re ready to take the plunge and apply for a home loan with P&N Bank you'll be able to do so online, over the phone or by going into a branch. There are a few thing you may need to have prepared beforehand though, or on you during the application process including: 

Home loan quick links