With a low fixed rate of 8.24% fixed rate (8.90% 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.
One of the biggest drawcards of the P&N Bank Secured Personal Loan is its super low rate: customers can fix the rate at 8.24% fixed rate (8.90% comparison rate*). Just remember, you'll need to 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).
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. Plus, if you pay your entire loan off early, there's no penalty for doing so!
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 $5 fee on a monthly basis.
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.
As the P&N Secured Personal Loan is variable, your rate could change at any time during the term of the loan.
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Fixed |
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8.24% p.a. fixed |
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8.90% p.a.based on $30,000 |
|
$199.00 |
|
|
$5.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0 |
|
$5,000.00 |
|
|
none |
|
|
1 Year |
|
|
7 Years |
|
|
Vehicle |
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- |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
none |
|
|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Debt Consolidation
6.57% p.a.to 18.99% p.a.
7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Clean Green Car Loan
7.69% p.a.
8.80% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Low Rate Personal Loan
9.14% p.a.to 11.19% p.a.
9.50% p.a.to 11.56% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Clean Green Car Loan
7.69% p.a.
8.80% p.a.
$8.00