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Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package)

The details shown below are for an owner occupier taking out a principal & interest loan of at least $5,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a interest only loan of at least $5,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $5,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $5,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $5,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $5,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan of at least $5,000 with an LVR below 95%

The details shown below are for an investor taking out a interest only loan of at least $5,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $5,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $5,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $5,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $5,000

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $5,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $5,000

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $5,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $5,000

Fixed 3 year rate
2.39% p.a.
Comparison Rate*
3.66% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Go to site
Fixed 3 year rate
2.89% p.a.
Comparison Rate*
4.15% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.99% p.a.
Comparison Rate*
4.07% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.99% p.a.
Comparison Rate*
4.39% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.49% p.a.
Comparison Rate*
3.68% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.99% p.a.
Comparison Rate*
4.18% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
3.09% p.a.
Comparison Rate*
4.09% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
3.09% p.a.
Comparison Rate*
4.42% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package)

Last updated: 10 June 2020.

binocular icon
What's hot
  • 2.39% fixed 3 year rate (3.66% comparison rate*)
  • Insurance discounts and $0 credit card or personal loan fee available
  • Free extra repayments and redraw
What's not
  • $395 yearly service fee
  • Minimum $500 redraw
Mozo snapshot

If you’re after a home loan that offers a bit more than a low rate, then you need to check out the Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package). This packaged loan comes with a competitive 3 year fixed rate of 2.39% (3.66% comparison rate*) for borrowers with an 80% LVR, but this loan has a maximum LVR of 95%, so you’ll be able to borrow with as little as a 5% deposit and receive a still competitive 3 year fixed rate of 2.49% (3.68% comparison rate*). And if you sign up to the Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package), there’s a range of additional discounts up for grabs.

key icon
Key features

The Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package) is all about delivering great value. With a 3 year fixed rate of 2.39% (3.66% comparison rate*) for borrowers with an LVR of 80% and a 3 year fixed rate of 2.49% (3.68% comparison rate*) for LVRs between 80% and 95%, you can take comfort in always knowing your repayment amount, helping you stick to your monthly budget.

There’s also the flexibility to choose your repayment schedule or to take a repayment holiday if you ever need a break from your loan. And if you want to pay back your loan as fast as possible, there’s free extra repayments (up to $25,000) and the option to split your loan with another Newcastle Permanent home loan.

Now to the good bit. If you sign up to the Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package), you’ll receive a 5% discount on your car insurance and 10% off your home and contents, or landlord insurance. You also won’t have to pay an application fee if you decide to take out a personal or car loan with Newcastle Permanent, or an annual fee on your Newcastle Permanent credit card.

The only thing you’ll need to keep in mind is that the loan does not come with an offset account and has a minimum redraw of $500.


snapshot
Who is it good for

The Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package) is packed with value, making it a great choice for a homeowner looking to bundle their products with one lender.

snapshot
Any catches

While the Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package) is filled with discounts and awesome extras, you will have to budget for a $395 year fee.


Also bear in mind, if you have an LVR between 80% and 95%, you will have to pay Lenders Mortgage Insurance. 

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.29% (3.84%*)

  • 2.18% (3.72%*)

  • 2.39% (3.66%*)

  • 3.00% (3.79%*)

  • 3.00% (3.75%*)

  • 3.99% (4.19%*)

  • 3.99% (4.26%*)

  • 3.57% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • 5% discount on Comprehensive Car Insurance. 10% discount on Home, Contents, and Landlord Insurance.

  • $2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%

*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.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.68% (4.32%*)

  • 2.68% (4.21%*)

  • 2.89% (4.15%*)

  • 3.50% (4.26%*)

  • 3.50% (4.23%*)

  • n/a

  • n/a

  • 4.06% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • 5% discount on Comprehensive Car Insurance. 10% discount on Home, Contents, and Landlord Insurance.

  • $2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%

*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.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.69% (4.19%*)

  • 2.69% (4.09%*)

  • 2.99% (4.07%*)

  • 3.19% (4.07%*)

  • 3.19% (4.02%*)

  • 4.09% (4.40%*)

  • 4.09% (4.43%*)

  • 3.91% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • 5% discount on Comprehensive Car Insurance. 10% discount on Home, Contents, and Landlord Insurance.

  • $2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%

*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.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.69% (4.59%*)

  • 2.69% (4.45%*)

  • 2.99% (4.39%*)

  • 3.19% (4.35%*)

  • 3.19% (4.27%*)

  • n/a

  • n/a

  • 4.36% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • 5% discount on Comprehensive Car Insurance. 10% discount on Home, Contents, and Landlord Insurance.

  • $2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%

*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.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.39% (3.87%*)

  • 2.44% (3.78%*)

  • 2.49% (3.68%*)

  • 3.10% (3.82%*)

  • 3.10% (3.79%*)

  • 4.09% (4.25%*)

  • 4.09% (4.33%*)

  • 3.57% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • 5% discount on Comprehensive Car Insurance. 10% discount on Home, Contents, and Landlord Insurance.

  • $2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%

*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.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% (4.34%*)

  • 2.94% (4.25%*)

  • 2.99% (4.18%*)

  • 3.60% (4.30%*)

  • 3.60% (4.27%*)

  • n/a

  • n/a

  • 4.06% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • 5% discount on Comprehensive Car Insurance. 10% discount on Home, Contents, and Landlord Insurance.

  • $2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%

*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.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.99% (4.22%*)

  • 3.04% (4.15%*)

  • 3.09% (4.09%*)

  • 3.29% (4.10%*)

  • 3.29% (4.06%*)

  • 4.19% (4.45%*)

  • 4.19% (4.50%*)

  • 3.91% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • 5% discount on Comprehensive Car Insurance. 10% discount on Home, Contents, and Landlord Insurance.

  • $2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%

*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.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.99% (4.62%*)

  • 3.04% (4.51%*)

  • 3.09% (4.42%*)

  • 3.29% (4.39%*)

  • 3.29% (4.31%*)

  • n/a

  • n/a

  • 4.36% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • 5% discount on Comprehensive Car Insurance. 10% discount on Home, Contents, and Landlord Insurance.

  • $2,000 cashback when you refinance your home loan from another financial institution when you apply by 30 November 2020, min $250k, LVR <80%

*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.

Customer Reviews

How are Newcastle Permanent home loans rated by the Mozo community?

Overall
8.6/10
Price
8.5/10
Features
7.6/10
Customer service
8.6/10
Convenience
8.3/10
Trust
8.7/10

Latest review of Newcastle Permanent Fixed Rate Home Loan (Premium Plus Package)

  • Overall 9/10
    Leading interest rates and friendly staff

    The Newcastle Permanent is a strong, trustworthy brand that consistently offers lower rate home loans than the major banks. They do require a higher deposit to start with, and they also work out if you can service the loan more strictly than the banks, but I see these as positives - it means you're definitely not over committing yourself and can make your repayments even if your borrowing capacity is lower than the banks offer. The staff are always friendly too.

    Read full review

    The Newcastle Permanent is a strong, trustworthy brand that consistently offers lower rate home loans than the major banks. They do require a higher deposit to start with, and they also work out if you can service the loan more strictly than the banks, but I see these as positives - it means you're definitely not over committing yourself and can make your repayments even if your borrowing capacity is lower than the banks offer. The staff are always friendly too.

    Price
    8/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    9/10
    Less
    David, New South Wales reviewed 5 months ago
Newcastle Permanent

About Newcastle Permanent

Newcastle Permanent is an independent, mutual retail financial services provider which offers a genuine alternative to traditional banks. It has comprehensive range of retail banking products and services such as savings accounts, bank accounts, home loans, personal loans, credit cards, and insurance. Newcastle permanent also provides meaningful support for the communities it serves.

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*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.