Ratings
P&N Bank, the largest mutual bank in Western Australia, offers its members fees and rates specially designed for them. P&N Bank customer service is considered impeccable, just like their products like credit cards, bank and savings accounts, term deposits, home and personal loans, etc. The competitive P&N Bank interest rates attract customers, and the fact that it is a customer-owned bank, the profits are reinvested in the bank.
| Lenders | Rate of Interest | Comparison Rate | Ratings | |
|---|---|---|---|---|
 P&N Bank | 9.99% | 10.65% |
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Pros
Strict lending policies.High Property Value for First Home Buyers.Home Loan for Self-Employed.Strict Age Restrictions.Customer Support.
Cons
Signup Fees.P&N bank provides personal loans at competitive interest rates. Along with this, the bank also provides loans at flexible interest rates and flexible terms. Two kinds of personal loans are available here: secured personal loans and unsecured personal loans. The interest rate for secured personal loans is 7.74%, and for unsecured personal loans is 9.99%. The customers will only need to pay an establishment fee of $199. The customer service facilities of this company are also great.
The personal loans provided by P&N Bank have some unique features, such as:
Secured loan: This bank provides secured personal loans
Interest rates: The interest rates at which this loan is provided are highly flexible
Paying off the loan: The customers can pay off their loans at earlier dates without worrying about any additional expenses.
Redraw facilities: This bank also gives the ability to redraw the additional amounts.
Flexible terms of the loan: the personal loans provided by P&N have flexible terms. The customers have the ability to take loans starting from $ 5000, and the loan amount can be between 1 to 7 years.
In order to be eligible for the personal loan, the applicant needs to be an Australian citizen. Other than this, the customer needs to have a good credit score, and they also need to have a savings bank account to avail of this loan.
If you want to apply for a personal loan, you will have to do so online. First, you will have to visit the official website of the company. Then, you will have to sign up for the account; if you are already a member, you must log into the bank. After that, you will be taken through the loan application process, and the customers will need to provide basic documents.
At the time of applying for a personal loan, P&N bank will need to provide proof of identity, which is a photograph ID, ATO Tax assessment, bank cards and credit cards. The bank will also ask for wages or salary, commission, overtime allowances, rental income, etc. In addition, a government income statement, self-employment income and others are also required. Lastly, the customers need to give purchase details such as legible, signed documents or an offer to purchase or invoice, insurance, certificate of currency and others. Other than this, the customer will also need to provide marital status, contact details, postal address, previous residential address, credit history and many others.
The personal loans provided by P&N bank come with fixed interest rates, which are low compared to the other banks in the industry. These loans can be applied online, and the application process is hassle-free. P&N bank has a redraw facility that can be accessed 24x7. Moreover, this bank also provides early payout facilities without any hidden charges.
In this context, this bank also provides a personal loan calculator. This personal loan calculator helps to determine the monthly EMI that has to be paid by the borrower. It considers the loan amount that is being borrowed, the interest rate of the loan and the period for which the loan is being taken. Based on these, the bank provides an estimation of the money that will have to be paid by the borrower either monthly. Fortnightly or yearly.
There are several ways in which you can contact the bank. P&N bank has both online and offline ways through which you can avail of customer care services. To start with, you can opt for web messaging. The customers can select the web chat or the messaging icon to contact the bank. Other than this, the customers can also avail of the mailing options. The customer will have to go to online banking services, and from there, you need to select secure mail. Also, you can submit an online query or mail the company in general at the mail id:[email protected].
The interest rate of a secured personal loan is 7.99%, and the unsecured personal loan is 9.99%. This interest rate is very low compared to all the other loans available.
The minimum loan amount available for P and N bank is $ 5000. The maximum amount, in this case, is $ 100,000.
P and N Bank offers loans for a minimum term of 1 year and a maximum of 7 years.
P and N bank calculator is very easy to use. You will need to find the P&N bank personal calculator and then provide the information provided in the calculator. The calculator needs different information, such as the principal amount, the rate of interest and the time period of the loan. The loan calculator will then calculate the interest amount and the principal amount required. It will also determine the monthly, fortnightly and weekly payments required for the loan.
The customer service support provided by this bank is very good. The customers can contact the customer care representative through mail or through their chat process. Other. The customers can also call the company in the number 13 25 77. The customer service is open from Monday to Friday. In case of card fraud, the customers can contact the representatives at +61 28 99 9534, and in case of any overseas customers, the contact number is +61 28 299 9534.
There may be times when you miss payments on your loan EMIs. Even if that happens, there’s nothing to worry about. You can easily repay the amount on later dates with a certain amount of charges.
You will not get a loan if you have a poor credit score. A good credit score is very important for getting personal loans. This is also true for this company; you must improve your credit score before applying for a loan.
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