Rating based on 34 reviews

P&N Bank

  • Debt consolidation starting from $5,000
  • Low-interest starting from 6.81%
  • Repayment up to 5 years

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Author P&N Bank. Screenshot of P&N Bank website.
[Accessed March 16, 2023]

About P&N Bank

As the largest locally established and grown bank in Western Australia, P&N Bank offers a wide array of high-quality banking and financial products and services.

A peer-to-peer loan service

Any profit which we earn goes to the benefit of our members. They take advantage of products and services with more competitive interest rates and fairer fees. We offer personalized easy online loans to each and every member.

You can own a share in P&N

This will entitle you to participate in the management and growth of the business. You will receive a unique banking experience based on extensive expertise and award-winning customer service. You will have access to the most attractive products specially tailored to our members.

We achieved a customer satisfaction rate of 97% in a recent survey.

P&N Bank Services

If you have difficulties repaying your existing debt, a debt consolidation loan from P&N Bank can be the ideal solution for you.

It enables you to wrap all of your current debts into a single loan.

You can consolidate all types of debts

These include outstanding balances on personal finance, cash loans and credit cards.

With our debt consolidation loan, you will have just a single low monthly payment to make. You will not have to spend time making several different transactions. You will not have to worry that you will miss making one or two of the payments. You can save on transactions fees every month.

You can have more money to spend as well

You simply need to come to us and we will sit down with you to provide the most effective consolidation solution. We are known for showing great personal attention to each and every customer.

P&N Bank – Debt consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate 6.8112.82% p/a
  • Loan Amount from $5,000
  • Repayment 2 years to 5 years

Benefits of P&N Bank

  • Fast loan approvals
  • Streamlined online application
  • Competitive interest rates
  • Consolidate debts into one monthly payment
  • Choose between secured or unsecured loans

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.
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P&N Bank is a trusted & reliable provider of debt consolidation

In our review, P&N Bank adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ P&N Bank is a registered credit provider in Australia: ACL 240701

Customer Reviews & Testimonials

July 2019

When you are a member of P&N Bank, you become a part of the family and family looks out for family. Because there are no shareholders, you benefit directly from the profits. Why not consolidate y...

Angela M
— Darwin —

June 2019

Consolidate any and everything! There is no debt that is too tough to solve for P&N. They genuinely care about your financial wellbeing so go see them and find yourself on a better financial jour...

Brenda M
— Katherine —

May 2019

P&N Bank offers a variety of perks, savings and competitive rates among other cool goodies. Go in and have a chat with them – they will change your life; they definitely changed mine!

Cindy D
— Brisbane —

P&N Bank Contact

Physical Address

Postal Address

  • PO Box 8609, Perth, WA, 6849, Australia

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed