P&N Bank home loans

P&N Bank
P&N Bank's overall rating for home loans

(as rated by the Mozo community)

8.3 / 10

based on 21 reviews

Previously known as Police & Nurses Credit Society, P&N Bank is Western Australia’s largest mutual bank, and has been committed to providing its customers with some of the best financial products around for over 30 years. This year, it took home three Mozo Experts Choice Awards, across the Best Value Offset Home Loan, Best Value Home Loan Package and Best Value First Home Loan categories.

Rates and fees verified as correct at 07 December, 2016. Other information correct at the time of writing.

What home loans do P&N Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

If you’re looking for a straightforward home loan with the certainty of fixed rates, then look no further. P&N Bank’s fixed rate home loan is available for amounts starting from $20,000, up to 90% of the property’s value. It comes with an upfront application fee, plus a monthly service fee. There isn’t so much in terms of features with this home loan - what you see is what you get - but you can choose an interest only or principal and interest loan. You also have the option to split your loan between fixed and variable rates to take advantage of the security of fixed rates, along with the flexible money-saving features of the variable option.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.99% p.a.

4.95% p.a.

$8.00 monthly

$395

3.99% p.a.

4.95% p.a.

$8.00 monthly

$395

4.09% p.a.

4.98% p.a.

$8.00 monthly

$395

4.09% p.a.

4.98% p.a.

$8.00 monthly

$395


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Variable Rate Home Loans 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 be the perfect fit. Variable rate options are available from $10,000, up to 90% of the property’s value, and like the fixed rate alternative, attract an upfront application fee and monthly service fee. The variable rate loan also comes with a range of flexible features to help you save money on your mortgage, including the ability to make free extra repayments, free redraws (minimum applies) and a 100% offset account. You also have the option to choose a monthly, fortnightly or weekly repayment schedule.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

5.14% p.a.

5.26% p.a.

$8.00 monthly

$395

4.64% p.a.

4.67% p.a.

$0.00

$395

4.74% p.a.

4.77% p.a.

$0.00

$395


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Variable Package Home Loan Variable Package Home Loan

P&N Bank’s variable rate home loan package is available to owner occupiers looking to borrow $10,000-$3,000,000, with an LVR of up to 90% and is a fee free option. It comes packed full of all the best flexible features like a 100% offset account, unlimited fee free extra repayments and free redraws (minimum applies). You can also choose between weekly, fortnightly or monthly repayments, and you have the option to split your loan between fixed and variable rates. The package benefits include no ongoing access account fees, a gift card when you renew or buy insurance cover and P&N Bank will match your credit card interest rate to the rate you pay on your home loan. Now that’s a great deal!

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.89% p.a.

3.92% p.a.

$0.00

$395


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Line of Credit Line of Credit

Use the equity already built up in your home to fund your next big spending goal, whether that's a kitchen renovation or an exotic getaway. You’ll pay an application and monthly service fee on your P&N Bank line of credit home loan, which is available for up to 90% of your home’s value, starting from $20,000. This mortgage also comes with the option to split between fixed and variable rates.

Product Rate Comparison Rate* Service fee Upfront fee

5.64% p.a.

n/a

$10.00 monthly

$395

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P&N Bank home loan features in a glance

Offset accountOffset account

Save money on your P&N Bank mortgage with a 100% offset account - just remember, this feature isn’t available on fixed rate options.

Free extra repaymentsFree extra repayments

Make fee free extra repayments on variable rate P&N Bank home loans to pay your mortgage off quicker and save on interest.

Flexible repayment scheduleFlexible repayment schedule

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

Package benefitsPackage benefits

Choose a package home loan from P&N Bank and you can cash in on an access account with no ongoing fees, a gift card when you buy or renew your P&N insurance policy and a credit card interest rate matching your low home loan rate.

How are P&N Bank home loans rated?

Think a P&N Bank home loan is the one for you? Before you decide, check out some first hand accounts of what it's like to have a mortgage with P&N Bank, so you know what you’re in for in areas like trust, customer service and convenience.

P&N Bank home loans

Overall 8.3*

Price

Features

Customer service

Convenience

Trust

21 Reviews

* Overall rating based on reviews in the past 12 months.

Recent P&N Bank home loan reviews Recent P&N Bank home loan reviews

P&N Bank

P&N Bank Easypay Home Loan home loan review

Overall rating   10 / 10

Terrific rates, brilliant customer service.

I can't believe how simple it all was. Nothing was too technical, we understood everything, and the support we got, and are still receiving is phenomenal.

Full review

I can't believe how simple it all was. Nothing was too technical, we understood everything, and the support we got, and are still receiving is phenomenal.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Deborah (WA), reviewed 8 months ago

P&N Bank

P&N Bank home loan review

Overall rating   8 / 10

Friendly AND helpful customer service

When you call the customer service line, you actually get to speak to a human being... And one which is both friendly AND helpful. Not something you can expect from most places these days.

Full review

When you call the customer service line, you actually get to speak to a human being... And one which is both friendly AND helpful. Not something you can expect from most places these days.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Lachlan (QLD), reviewed 9 months ago

P&N Bank

P&N Bank Easypay Home Loan home loan review

Overall rating   7 / 10

Online banking service easy to use

Not as easy to set up loan as I thought and didn't explain things in layman's terms. After loan was set up I had to call and find out all about the accounts and they didn't set up my offset account without me calling either.

Full review

Not as easy to set up loan as I thought and didn't explain things in layman's terms. After loan was set up I had to call and find out all about the accounts and they didn't set up my offset account without me calling either.

    Price   7 / 10

    Features   8 / 10

    Customer service   4 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Amy (WA), reviewed 11 months ago

P&N Bank

P&N Bank Easypay Home Loan home loan review

Overall rating   10 / 10

Smaller is better

Very helpful. Never had so much help with any queries I have.

Full review

Very helpful. Never had so much help with any queries I have.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Heather (WA), reviewed over 1 year ago

P&N Bank

P&N Bank home loan review

Overall rating   9 / 10

Very supportive

For a single mother taking over the mortgage from her ex even though it wasn't much, no one would touch me except them .

Full review

For a single mother taking over the mortgage from her ex even though it wasn't much, no one would touch me except them .

    Price   8 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Margaret (WA), reviewed over 1 year ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a P&N Bank home loan? 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, here are some of the things you’ll need to have with you:

  • Photograph I.D. like a driver’s licence or passport
  • Proof of a regular income, like your two most recent payslips or group certificates
  • Proof of any other sources of income, including pensions, rental income or family allowances
  • Details on any debts or credits you have
  • Details about any assets, savings and life insurance policies you may have
  • A copy of the signed “offer and acceptance” for the property you are buying
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