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Newcastle Permanent home loans

Newcastle Permanent
Newcastle Permanent's overall rating for home loans

(as rated by the Mozo community)

8.6 / 10

based on 213 reviews

As one of the largest building societies in Australia, Newcastle Permanent has over 320,000 customers and 900 dedicated staff. With more than 110 years experience providing financial services to Australians, it has a range of home loans to suit every borrower's needs. 

In 2019, Newcastle Permanent picked up a number of Mozo Experts Choice Awards for their home loans - including best Fixed Rate Home Loan, best Investor Fixed Home Loan, best First Home Buyer Loan and best Investor Home Loan. 

While you don’t have to live in Newcastle to be able to sign up for a home loan with Newcastle Permanent, you must be prepared to do your banking entirely online or over the phone.

Rates and fees verified as correct at 20 November, 2019. Other information correct at the time of writing.

What home loans do Newcastle Permanent offer?

Fixed Rate Home Loans Fixed Rate Home Loans

Owner occupiers and investors after repayment certainty can lock in a rate for a fixed term starting from 1 year up to a period of 10 years. With a fixed home loan from Newcastle Permanent, there are plenty of opportunities to save money with no ongoing service fees and an extra repayments facility which allows you to make up to $25,000 in additional repayments each year. The fixed rate is available on loans starting from $5,000 and you can borrow up to 95% of the property’s value.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.39% p.a.

4.82% p.a.

$0.00

$595

3.39% p.a.

4.49% p.a.

$0.00

$595

2.99% p.a.

4.46% p.a.

$0.00

$0

2.99% p.a.

4.14% p.a.

$0.00

$0


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Variable Rate Home Loans Variable Rate Home Loans

Newcastle Permanent have a great range of variable loan products suitable for a wide range of borrowers. You can borrow up to 95% of the property’s value and there is a choice between principal and interest or interest only payments. With a variable home loan from Newcastle Permanent, you’ll be able to make unlimited additional repayments whenever you can and take advantage of other flexible features such as repayment holidays and a redraw facility (fees may apply). To help you save on interest a partial offset account is available with most of the variable loans offered by Newcastle Permanent and there is a full offset account when you choose its Premium Variable Home Loan option.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡  

5.06% p.a.

5.10% p.a.

$0.00

$595

5.21% p.a.

5.21% p.a.

$0.00

$0

4.72% p.a.

4.72% p.a.

$0.00

$0

5.29% p.a.

5.33% p.a.

$0.00

$595

4.84% p.a.

4.88% p.a.

$0.00

$595

4.99% p.a.

4.99% p.a.

$0.00

$0

4.50% p.a.

4.50% p.a.

$0.00

$0

3.46% p.a.

3.50% p.a.

$0.00

$595

3.46% p.a.

3.50% p.a.

$0.00

$595

3.19% p.a.

3.19% p.a.

$0.00

$0

3.19% p.a.

3.23% p.a.

$0.00

$0

Go to site

3.46% p.a.

3.46% p.a.

$0.00

$0


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Fixed Package Home Loan Fixed Package Home Loan

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡  

3.29% p.a.

4.64% p.a.

$395.00 yearly

$0

3.29% p.a.

4.32% p.a.

$395.00 yearly

$0

2.89% p.a.

4.33% p.a.

$395.00 yearly

$0

2.89% p.a.

3.96% p.a.

$395.00 yearly

$0

Go to site

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Variable Package Home Loan Variable Package Home Loan

There are two variable rate package loans from Newcastle Permanent including a discounted option available on loans of $150,000 or more and the premium plus package available on loans starting from $5,000. For a yearly service fee, you’ll be able to make use of a number of flexible features including an extra repayments facility, repayment holidays and an offset account. Redraws are fee free and you can choose a repayment frequency to match your pay cycle - weekly, fortnightly or monthly.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡  

3.51% p.a.

3.91% p.a.

$395.00 yearly

$0

3.51% p.a.

3.91% p.a.

$395.00 yearly

$0

3.19% p.a.

3.60% p.a.

$395.00 yearly

$0

3.56% p.a.

3.95% p.a.

$395.00 yearly

$0

3.19% p.a.

3.59% p.a.

$395.00 yearly

$0

Go to site

4.81% p.a.

5.19% p.a.

$395.00 yearly

$0

4.76% p.a.

5.14% p.a.

$395.00 yearly

$0

4.66% p.a.

5.04% p.a.

$395.00 yearly

$0

4.61% p.a.

4.99% p.a.

$395.00 yearly

$0

4.36% p.a.

4.75% p.a.

$395.00 yearly

$0

4.31% p.a.

4.70% p.a.

$395.00 yearly

$0

4.21% p.a.

4.60% p.a.

$395.00 yearly

$0

4.16% p.a.

4.55% p.a.

$395.00 yearly

$0

4.51% p.a.

4.89% p.a.

$395.00 yearly

$0

4.46% p.a.

4.84% p.a.

$395.00 yearly

$0

4.36% p.a.

4.75% p.a.

$395.00 yearly

$0

4.31% p.a.

4.70% p.a.

$395.00 yearly

$0

4.02% p.a.

4.41% p.a.

$395.00 yearly

$0

3.97% p.a.

4.36% p.a.

$395.00 yearly

$0

3.87% p.a.

4.27% p.a.

$395.00 yearly

$0

3.82% p.a.

4.22% p.a.

$395.00 yearly

$0


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Line of Credit Line of Credit

The Real Equity Line of Credit gives owner occupiers and investors access to the equity in their property to fund long term goals such as buying an investment property or renovating. This line of credit loan is available from $5,000 and allows you to draw upon up to 90% of the property’s value. There are no set repayments and you’ll only be required to pay interest on your debit balance. There is also a monthly service fee to consider.

Product Rate Comparison Rate* Service fee Upfront fee

5.19% p.a.

n/a

$10.00 monthly

$595

5.19% p.a.

n/a

$10.00 monthly

$0

Hide

*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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Newcastle Permanent home loan features in a glance

Extra repayments facilityExtra repayments facility

In addition to paying off your home loan regularly, you can make additional repayments whenever you want with the extra repayments facility available with Newcastle Permanent’s variable, package and fixed home loans (capped at $25,000 p.a. for fixed option).

No ongoing service feesNo ongoing service fees

Newcastle Permanent rewards its home loan customers with fixed and variable home loans free of ongoing service fees. However if you opt for a package or line of credit home loan, an ongoing service fee applies.

DiscountsDiscounts

On top of competitive home loan rates, Newcastle Permanent have a discounted rate option for borrowers looking for a variable home loan or a package deal (conditions apply).

Repayment holidaysRepayment holidays

If you ever find yourself in a scenario where you’ll have less income coming in, you can opt to take a repayment holiday on any one of the variable home loans from Newcastle Permanent. Just note you can only use this feature if you’re ahead on your loan repayments.

How are Newcastle Permanent home loans rated?

So you’ve read what we have to say, now check out how real customers feel about their Newcastle Permanent home loans on everything from cost and features to customer service and convenience. Mozo’s rate and review section has collected plenty of customer reviews for you to read here.

Newcastle Permanent home loans

Overall 8.6

Price

Features

Customer service

Convenience

Trust

212 Reviews

Recent Newcastle Permanent home loan reviews Recent Newcastle Permanent home loan reviews

Newcastle Permanent

Newcastle Permanent Premium Variable Home Loan review

Overall rating   10 / 10

Great people.

Great personal service.

Full review

Great personal service.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Janette, New South Wales, reviewed 6 days ago

Newcastle Permanent

Newcastle Permanent Premium Variable Home Loan review

Overall rating   9 / 10

Great personal treatment.

Great people and service.

Full review

Great people and service.

    Price   9 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Andrew, New South Wales, reviewed 6 days ago

Newcastle Permanent

Newcastle Permanent Premium Variable Home Loan review

Overall rating   8 / 10

Customer help line is very good.

Friendly staff and accessible physical banks as well as easy internet banking.

Full review

Friendly staff and accessible physical banks as well as easy internet banking.

    Price   8 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Annette, New South Wales, reviewed 6 days ago

Newcastle Permanent

Newcastle Permanent Home Loan review

Overall rating   10 / 10

Great customer service.

My bank manager is amazing, she always goes above and beyond to find us the best deals.

Full review

My bank manager is amazing, she always goes above and beyond to find us the best deals.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jo, New South Wales, reviewed 8 days ago

Newcastle Permanent

Newcastle Permanent Variable Home Loan (Premium Plus Package) review

Overall rating   10 / 10

Easy to deal with

Newcastle permanent will guide you through applications. If they don’t think that you’re going to make their criteria, they will tell you before the application goes for approval so you do not end up with black marks against your credit score. I...

Full review

Newcastle permanent will guide you through applications. If they don’t think that you’re going to make their criteria, they will tell you before the application goes for approval so you do not end up with black marks against your credit score. I have dealt with other lenders in the past and they don’t care about this.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Henry, New South Wales, reviewed about 1 month ago

Hide reviews

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. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

What do you need to apply for a Newcastle Permanent home loan? What do you need to apply for a Newcastle Permanent home loan?

There are plenty of docs you’ll need to prepare before applying for a home loan with Newcastle Permanent. Have a look at this helpful home loan application checklist to get started:

  • Identification such as an Australian passport, Drivers Licence, Photo ID Card.
  • Income details i.e. recent payslip and group certificate/PAYG summary or if self-employed last two financial years financial statements and tax returns, full monthly rental statement, letter from Centrelink.
  • Evidence of deposit funds including last six months savings account statements, receipt for deposit paid to Real Estate Agent or Builder, FHOG application form.
  • Details of Liabilities e.g. most recent statements for all loans and credit cards.
  • Details of property i.e. copy of contact if purchasing or copy of land rates notice and copy of Builders Tender if constructing.
  • If you’re opting to refinance your loan, you’ll need the last 6 months of loan statements and latest statement for credit card(s).
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