Newcastle Permanent fixed rate car loans have flexible features for borrowers, but do they offer what you’re really looking for in a loan? Take a closer look and find out if choosing this provider to finance a new or used set of wheels could
|Product||Interest rate from||Comparison rate from*||Upfront fee|
Personal Loan (Fixed, Unsecured)
9.72% p.a.based on $10,000
Personal Loan (Fixed, Secured)
8.20% p.a.based on $10,000
* 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 for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may inﬂuence the cost of the loan.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
If the interest rate is competitive, then a fixed rate loan can be a blessing, as you’ll know in advance what your loan repayments are going to look like for the life of your loan. Even though fixed rate loans usually offer few flexible features, Newcastle Permanent bucks the trend, not only allowing you to make extra repayments but also giving you the option to pay off your loan before the due date without being charged fees.
It depends on the vehicle you plan to buy and your personal preference. If paying the least amount of interest matters most to you, pick an eligible make and model by Newcastle Permanent’s standards, and apply for a secured car loan.
Otherwise, opting for a Newcastle Permanent unsecured car loan will mean you pay a little more in interest, but won’t be required to give them permission to repossess your car if you default (not to mention, you can choose whatever car you like!).
That depends on a number of factors, including how much you earn, any debts you have outstanding and your credit history. If you opt for a secured loan, the maximum you can borrow is $30k, whereas secured loans are written up to $50k. Both versions have a $1k minimum. Need a bigger loan? This is where you need to go!
Weekly, fortnightly or monthly. Just pick a time that’s right for you, like when your bank account gets plumped up on payday.
Whether there’s a Newcastle Permanent secured or unsecured loan in your name, the term can range from 1 to 7 years. If you’re concerned about the interest you’ll be charged on a long contract, don’t forget you can repay the loan early without penalty.
Of course, but there’s a teeny tiny catch. Once you make extra repayments, you can’t go back and redraw the funds.
Correct, no break fees are attached to these personal loans for paying out your loan early.
Remember, there isn’t one! Be sure to only make additional loan repayments when you can afford having less cash at your disposal.
Yes, just check with them to ensure the make and model you want to buy qualifies as security. Otherwise go for the unsecured loan.
You’ll be charged a fee. More importantly, consider the potential ramifications of damaging your credit history over time, and set up direct payments to avoid missing due dates.
Gather all the personal info you need to provide, including:
Then, fill out an online form, give Newcastle Permanent a call or head to a local branch. You’ll hear back from them soon after on whether you were approved, so you can pay a visit to that car dealer in no time!