Rates and fees verified as correct at 04 December, 2020. Other information correct at the time of writing. Advertiser disclosure.
|Product||Interest rate from||Comparison rate from||Upfront fee|
|Personal Loan (Fixed, Secured)|| |
8.41% p.a.based on $10,000
|Personal Loan (Fixed, Unsecured)|| |
10.73% p.a.based on $10,000
WARNING: 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 calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may inﬂuence the cost of the loan.
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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!
Mozo users have rated Newcastle Permanent car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
I like the Perm because the products are competitive and the staff are friendly and extremely helpful. I couldn't be happier with the service.Read full review
I like the Perm because the products are competitive and the staff are friendly and extremely helpful. I couldn't be happier with the service.
only a small car loanRead full review
only a small car loan