P&N Bank Secured Personal Loan
6.99% p.a.
7.97% p.a.based on $30,000
over 5 years
$199
P&N Bank Secured Personal Loan
6.99% p.a.
7.97% p.a.based on $30,000
over 5 years
$199
P&N Bank Secured Personal Loan
6.99% p.a.
7.97% p.a.based on $30,000
over 5 years
$199
Mozo Review P&N Bank Secured Personal Loan Review
Last updated: 6 December 2018.
What's hot:
P&N Bank awarded Overall Value in the Experts Choice Australia’s Best awards
6.99% low variable rate
Extra repayments and redraw facility available
What's not:
$105 early repayment fee
Mozo snapshot:
With a low variable rate of 6.99% (7.97% comparison rate), flexible features like an extra repayments facility and your choice of repayment consistency either weekly, fortnightly or monthly, the P&N Bank Secured Personal Loan sure does offer the works.
And if you're looking for a provider that also has great value across its range of banking products, you may be happy to hear that P&N Bank won an Overall Value award in the Experts Choice Australia’s Best awards.
Key features:
One of the biggest drawcards of the P&N Bank Secured Personal Loan is its super low rate, at just 6.99% (7.97% comparison rate) when you use your car as security for the loan.
On top of this low rate offering, you'll also enjoy the flexibility of a fee free extra repayments facility, allowing you to pump additional cash into your loan at any time (e.g when you receive that well deserved work promotion or bumper tax return). Just be mindful that paying off your loan early will result in a $105 early repayment fee. But the good news is no exit fee applies.
If at any time you find you need to redraw on those extra repayments you've made, you can do just that thanks to the redraw facility. Add to this the fact that you can set up your repayments to suit your pay cycle either weekly, fortnightly or monthly and the P&N Secured Personal Loan truly is great value.
Loans are available for amounts over $5,000 and you can choose a term between 2 and 5 years. When you take out the loan, there's a pretty standard $199 upfront fee and you'll also be charged a $10 fee on a monthly basis.
Who it's good for:
If you are simply after a low rate loan with the features to help you pay it off sooner, then the P&N Secured Personal Loan could just be your borrowing match.
Keep in mind the loan is secured, which means you'll need to put up your motor vehicle as collateral. If you are not after a secured loan, then check out the Unsecured Personal Loan from P&N Bank.
Any catches?
As the P&N Secured Personal Loan is variable, your rate could change at any time during the term of the loan.
Details
Rates and fees information correct as at 15 December 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
Variable
-
6.99% p.a.variable
-
7.97% p.a.based on $30,000
over 5 years
Fees
-
$199.00
-
$10.00
-
none
-
$0.00
-
$0
Other financial bits
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$5,000.00
-
none
-
2 Years
-
5 Years
-
Vehicle
Features
-
Weekly, Fortnightly, Monthly
-
yes
-
yes
-
none
-
none
Customer Reviews
How are P&N Bank personal loans rated by the Mozo community?
About P&N Bank
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.
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5.44% p.a.to 5.94% p.a.
5.99% p.a.to 6.5% p.a.based on $30,000
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$400.00upfront and $0.00/month
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5.71% p.a.to 8.66% p.a.
6.57% p.a.to 10.07% p.a.based on $30,000
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Secured Car Loan (Fixed)
6.79% p.a.
7.16% p.a.based on $30,000
over 5 years
$265.00upfront and $0.00/month
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Used Car Loan (Fixed)
5.94% p.a.to 6.44% p.a.
6.49% p.a.to 7.0% p.a.based on $30,000
over 5 years
$400.00upfront and $0.00/month
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St.George
Secured Personal Loan
8.49% p.a.
9.60% p.a.based on $30,000
over 5 years
$195.00upfront and $12.00/month
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Unsecured Personal Loan
6.99% p.a.to 28.69% p.a.
7.69% p.a.to 29.55% p.a.based on $30,000
over 5 years
$500.00upfront and $0.00/month
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HSBC
Unsecured Personal Loan
8.50% p.a.to 16.99% p.a.
9.06% p.a.to 17.53% p.a.based on $30,000
over 5 years
$150.00upfront and $5.00/month
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SocietyOne
Unsecured Personal Loan - Excellent Credit (Fixed)
7.50% p.a.to 9.99% p.a.
9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years
$300.00upfront and $0.00/month
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Australian Military Bank
Unsecured Personal Loan - Excellent Credit (Variable)
7.88% p.a.to 18.82% p.a.
8.72% p.a.to 20.22% p.a.based on $30,000
over 5 years
$100.00upfront and $10.00/month
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NAB
Personal Loan (Variable, Unsecured)
12.69% p.a.to 18.69% p.a.
13.56% p.a.to 19.53% p.a.based on $30,000
over 5 years
$150.00upfront and $10.00/month
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ANZ
Unsecured Personal Loan
12.45% p.a.
13.32% p.a.based on $30,000
over 5 years
$150.00upfront and $10.00/month
Promoted
CUA
Unsecured Personal Loan (Variable)
10.89% p.a.
11.15% p.a.based on $30,000
over 5 years
$175.00upfront and $0.00/month
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RACQ Bank
Unsecured Personal Loan
12.95% p.a.
13.25% p.a.based on $30,000
over 5 years
$200.00upfront and $0.00/month
