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P&N Bank – Resolving multiple loans into 1

Debt consolidation loans are available from P&N Bank for all Australians.

Our debt consolidation loan is intended to assist you to control your debt and better manage your money.

Debt consolidation works by rolling all of your debt from personal loans, credit cards and store cards into one, with only one low monthly instalment at the date of your choice.

We offer you:

• Variable charge per unit (pa) from 7.95%
• Variable Comparison Rate (pa) from 8.88%
• Fast approvals
• Streamlined application methods
• Competitive interest rates
• Roll personal debts into one monthly payment
• Minimum loan quantity of $5,000
• Loan terms of two to five years
• Secured or unsecured loans
• Your selection of weekly, fortnightly or monthly repayments
• Access to online banking and mobile banking

It’s straightforward to use this loan to consolidate debt. Merely ascertain what you need to cover your debts, select however you’d prefer to apply and we’ll assist you to get the ball rolling and consolidate all those debts into one payment per month.

What is needed to be eligible for our debt consolidation loan:

• You need to be a minimum of eighteen years
• You need to possess an Australian mailing and residential address.
• You need to be an Australian resident (new members only).
• You need to become a P&N Bank member. As a member, you've got a say within the future direction and growth of P&N, by having the ability to vote on the composition of our Board of administrators and attend Annual General Conferences.

Once you’re a member, you’ll be able to provide us with the info regarding what quantity of cash you’d prefer to borrow and for what purpose, your contact details and your banking details.

You will need to provide information regarding:

• Your financial history (your tax assessments and bank statements from the last 2 years)
• The contact details of your current and former employers
• Your assets and liabilities, as well as any property you own, bank accounts, loans with different lenders, shares, cars and Personal loans.