Fixed Secured Personal Loan

General Lending Rates

Product Variations

Product Features

• Digital Banking Additional Information: Redraw online if you're ahead on your repayments.

• Extra Repayments Additional Information: Extra repayments are allowed on personal loans without additional charges or penalties.

• Npp Enabled Additional Information: Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.

• Redraw Additional Information: Fee free redraw is available for this personal loan if you're ahead on your repayments.

Product Eligibility

• Min Age - 18.

• Natural Person Additional Information: Member must be a natural person rather than another legal entity.

• Other Additional Information: Credit eligibilty criteria, terms and conditions, fees and charges apply.

• Other Additional Information: You must be or become a P&N Bank member

• Residency Status - Personal Lending Is Not Available For Non-residents..

Bank Fees and Charges

• Statement Retrieval Fee (Event), Amount: 2.50. Additional Information: Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement.

• Goods Security Administration Fee (Upfront), Amount: 20.00. Additional Information: Charged per vehicle taken as security.

• Loan Establishment Fee (Upfront), Amount: 199.00. Additional Information: One off establishment fee.

• Loan Contract Variation Fee (Event), Amount: 105.00. Additional Information: Charged when we process a variation of your contract or any security such as; substitution, or transfer of security, amendment to the term of a loan or a loan account.

• Ppsr Search Fee (Upfront), Amount: 3.70. Additional Information: Payable at cost for obtaining a search on the Personal Property Securities Register.

• Ppsr Registration Fee (Upfront), Amount: 11.40. Additional Information: Payable at cost for registering the loan security on the Personal Property Securities Register.

• Monthly Maintenance Fee (Periodic), Amount: 5.00. Additional Information: Monthly fee charged to the loan.

• Late Payment Notification Fee (Event), Amount: 5.00. Additional Information: Charged when a payment to a personal loan becomes overdue by 11 days and 30 days.

• Notice Of Demand Fee (Event), Amount: 75.00. Additional Information: Charged when a payment to a personal loan becomes overdue by 46 days.

• Management Administration Fee (Event), Amount: 50.00. Additional Information: Charged monthly when a payment to a personal loan becomes overdue by more than 90 days.

• Collection Agent Administration Fee (Event), Amount: 100.00. Additional Information: Payable when a payment to a personal loan becomes overdue for more than 90 days and we choose to engage an external collection agent.

 Limitations & Restrictions (Constraints)

• Max Limit of 150000.00 Additional Information: Maximum loan amount is $150,000

• Min Limit of 5000.00 Additional Information: Minimum loan amount is $5,000