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 personal loans

P&N Bank is Western Australia's largest mutual bank, and offers competitive rates and fees that are personalised to its members. Formerly Police & Nurses Credit Society, P&N has served the local Western Australian community for over 30 years, and provides a range of quality banking and financial services including credit cards, bank and savings accounts, term deposits, home and personals loans, and insurance products. As a mutual bank, every member has a say, and profits go directly back into benefiting its members.

P&N Bank offers the following personal loans

Rates and fees verified as correct at 22 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Car Loan (Fixed)

8.24% p.a.

8.87% p.a.based on $30,000
over 5 years

$199.00

Secured Personal Loan (Fixed)

8.24% p.a.

8.90% p.a.based on $30,000
over 5 years

$199.00

Unsecured Personal Loan (Fixed)

9.99% p.a.

10.65% p.a.based on $30,000
over 5 years

$199.00

What personal loans does P&N Bank offer?

Personal Loan 

The P&N Bank personal loan comes with a variable rate and has both a secured and unsecured option. The loans work in exactly the same way when it comes to borrowing amounts, repayments and fees. However, if you opt for a secured loan you’ll have to put up an asset against the loan in return for a lower rate. On the other hand, with an unsecured loan you don’t need to risk your belongings against the loan but you will receive a higher rate.  

Loan terms range from 2 to 5 years with the P&N Bank personal loan and customers can borrow anywhere upwards of $5,000. There is the option of a weekly, fortnightly or monthly repayment schedule - plus extra repayments and redraws are allowed. 

When it comes to fees, there are no exit or break costs if you pay off your loan early. Just bear in mind there is an application fee and monthly service charge. 

Car Loan  

P&N Bank also has a variable rate car loan on offer for customers. It has all the same loan terms, amounts, repayment options and fees. The only difference is that you must put the car that you intend to buy up as security against the loan. 

P&N Bank personal loan features at a glance 

  • Repayment schedule options: P&N Bank gives customers the option to pay off their personal loan on a weekly, fortnightly or monthly regular repayment schedule. 

  • Free extra repayments: With P&N Bank personal loans, not only can customers make regular repayments, there is also the option to make free extra repayments too.

  • Redraw facility: Want the flexibility of a redraw facility? P&N Bank personal loans come equipped with this feature to assist customers if they need to access their additional funds at all. 

  • No break cost: There are no break costs or early repayment penalties attached to any P&N Bank personal loans, meaning you won’t be slapped with a fee if you pay off your entire debt ahead of time. 

How do I apply for a personal loan with P&N Bank? 

There are a few options when it comes to applying for a P&N Bank personal loan - you can do it online, over the phone or in person. 

To qualify you must: 

  • Be living in Western Australia OR already be a P&N Bank member 

  • Be an individual over the age of 18 

  • Be an Australian citizen or permanent resident

  • Have a regular income. 

There are also a few things you’ll need with you to complete an application with P&N Bank. These are: 

  • Two forms of identification (driver’s licence, passport or medicare) 

  • Your income details 

  • Expenses information (living, insurance etc) 

  • Asset information (what you own - car, savings, home etc) 

  • Liability information (what you owe - outstanding loans, credit cards etc).

How are P&N Bank personal loans rated?

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

Icon of personal-loans
P&N Bank personal loans customer reviews
Overall
9.1/10
Price
8.7/10
Features
8.8/10
Customer service
9.4/10
Convenience
8.9/10
Trust
9.5/10
Based on 15 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 personal loan reviews

P&N Bank Personal Loan
Overall 7/10
Good and helpful service

Good n helpful!

Read full review

Good n helpful!

Price
6/10
Less
Jun, Western Australia, reviewed almost 7 years ago
P&N Bank Unsecured Personal Loan
Overall 8/10
Great customer service, easy to go too.

P&N Bank is great for service and understandingly consumer focused. I have been with them for quite some time, and wouldn't go anywhere else.

Read full review

P&N Bank is great for service and understandingly consumer focused. I have been with them for quite some time, and wouldn't go anywhere else.

Price
7/10
Features
6/10
Customer service
8/10
Convenience
5/10
Trust
6/10
Less
Ray, Western Australia, reviewed over 8 years ago
P&N Bank Unsecured Personal Loan
Overall 10/10
Excellent rates with outstanding customer service

I would recommend P&N bank to everyone, all my family use them. It's great to know that when you have any question your call will be answered quickly by a local branch employee.

Read full review

I would recommend P&N bank to everyone, all my family use them. It's great to know that when you have any question your call will be answered quickly by a local branch employee.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Megan, Western Australia, reviewed almost 9 years ago
P&N Bank Unsecured Personal Loan
Overall 10/10
Quick to sort out financial problems I may have ha

I have been with the P&N bank for 27 years & always had great service ! Their interest rates are very fair & lower than most other banks ! Whenever I speak to their customer service team , they are always friendly & helpful. Their only problem is they don't have many branches outside the metro area... But they are always available & quick to help on the phone !!

Read full review

I have been with the P&N bank for 27 years & always had great service ! Their interest rates are very fair & lower than most other banks ! Whenever I speak to their customer service team , they are always friendly & helpful. Their only problem is they don't have many branches outside the metro area... But they are always available & quick to help on the phone !!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
David, Western Australia, reviewed almost 9 years ago
See all personal loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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.

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