Newcastle Permanent car loans

Newcastle Permanent
Newcastle Permanent's overall rating for car loans

(as rated by the Mozo community)

8.7 / 10

based on 9 reviews

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
benefit you...

Newcastle Permanent offers the following car loans

Product Interest rate from Comparison rate from* Upfront fee
Personal Loan (Fixed, Secured)
Newcastle Permanent

6.69% p.a.

8.41% p.a.based on $10,000
over 3 years


Personal Loan (Fixed, Unsecured)
Newcastle Permanent

8.99% p.a.

10.73% p.a.based on $10,000
over 3 years


*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. WARNING: 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.

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.

Newcastle Permanent car loan FAQs

Newcastle Permanent car loans only have fixed rates. Is that a good thing?

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.

Should I secure my car to the loan?

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!).

How much can I borrow?

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!

How often can I make repayments?

Weekly, fortnightly or monthly. Just pick a time that’s right for you, like when your bank account gets plumped up on payday.

How long can I take to pay off my loan?

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.

So my repayments can be ahead of schedule?

Of course, but there’s a teeny tiny catch. Once you make extra repayments, you can’t go back and redraw the funds.

So just to clarify...there are no break fees?

Correct, no break fees are attached to these personal loans for paying out your loan early.

Where’s the redraw facility?

Remember, there isn’t one! Be sure to only make additional loan repayments when you can afford having less cash at your disposal.

Can I use a Newcastle Permanent loan for a second-hand ride?

Yes, just check with them to ensure the make and model you want to buy qualifies as security. Otherwise go for the unsecured loan. 

What if I make a repayment late?

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.

I think this loan is right for me. What next?

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!

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