Newcastle Permanent Fixed Rate Home Loan

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 80%

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 80%

Choose the version of loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $5,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $5,000

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $5,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $5,000

3.99% p.a.

4.82% p.a.

$0.00

Newcastle Permanent Fixed Rate Home Loan

3.99% p.a.

4.82% p.a.

$0.00

4.09% p.a.

5.20% p.a.

$0.00

Newcastle Permanent Fixed Rate Home Loan

4.09% p.a.

5.20% p.a.

$0.00

4.19% p.a.

5.16% p.a.

$0.00

Newcastle Permanent Fixed Rate Home Loan

4.19% p.a.

5.16% p.a.

$0.00

4.29% p.a.

5.51% p.a.

$0.00

Newcastle Permanent Fixed Rate Home Loan

4.29% p.a.

5.51% p.a.

$0.00

Mozo Review   Newcastle Permanent Fixed Rate Home Loan Review

Last updated: 15 October 2018.

What's hot:
  • Competitive fixed rates across a variety of terms

  • 2018 Mozo Experts Choice Award - Home Lender of the Year

  • Repayment flexibility either weekly, fortnightly or monthly

  • Fixed terms up to 10 years

What's not:
  • No redraw

Mozo snapshot:

Fixed rate home loans are hot and Newcastle Permanent has some of the hottest value for borrowers - so hot that it provides fixed terms up to 10 years and you can borrow up to 95% of the property's value, plus some handy flexibility when it comes to repayments. The Fixed Rate Home Loan also took out a 2018 Mozo Experts Choice Award for best Fixed Home Loan on top of the overall Home Lender of the Year Award. 

Key features:

The Newcastle Permanent Fixed Rate Home loan is available for 1 up to 10 years, though the most competitive rates are for its 1 - 3 year terms with principal & interest repayments where the rates are 3.89% for 1 year, 3.94% for 2 years, while 3 year fixed rate is 3.99%. For 4 and 5 year terms you are looking at a rate of 4.29%.

You can borrow up to 95% of the property value but anything over 80% will require lender's mortgage insurance. This is a loan that everyone can apply for whether you are a first time buyer or looking to purchase a multimillion dollar property but there is a maximum loan term of 30 years. 

The loan establishment fee of $595 is currently waived for owner occupier loans and there are no ongoing account keeping fees so you can be sure that all of your hard earned money will go towards paying down your home loan and not going towards unnecessary fees.

Tailor your repayments to suit you with weekly, fortnightly or monthly repayment options available.

You can make extra repayments or lump sum repayments with the Fixed Rate Home Loan but they are capped at $25,000 p.a. during the fixed rate period. If you have made additional repayments you can take a "repayment holiday" so long as the extra repayments will cover the regular required repayments.

Who it's good for:

Borrowers looking for peace of mind knowing that their interest rate or repayments aren't going to change for a set term.

Any catches?

No, you don't have to live in Newcastle to be able to take advantage of Newcastle Permanent's great fixed rates. You can do you banking online or over the phone. 

While you can make additional repayments just keep in mind that as with most fixed rate home loans there isn't a redraw facility and if you pay out the loan early you could be up for break costs.

Details

Rates and fees information correct as at 18 October 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.89% (5.01%*)

  • 3.94% (4.91%*)

  • 3.99% (4.82%*)

  • 4.29% (4.84%*)

  • 4.29% (4.78%*)

  • 7.69% (6.61%*)

  • 7.69% (7.01%*)

  • 5.13% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • no

  • none

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • none

*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 18 October 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.99% (5.46%*)

  • 4.04% (5.32%*)

  • 4.09% (5.20%*)

  • 4.39% (5.19%*)

  • 4.39% (5.10%*)

  • (*)

  • (*)

  • 5.62% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • no

  • none

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • none

*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 18 October 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.19% (5.38%*)

  • 4.19% (5.27%*)

  • 4.19% (5.16%*)

  • 4.59% (5.20%*)

  • 4.59% (5.14%*)

  • 7.79% (6.86%*)

  • 7.79% (7.23%*)

  • 5.47% p.a.

Fees
  • $595.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • no

  • none

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • none

*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 18 October 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.29% (5.80%*)

  • 4.29% (5.65%*)

  • 4.29% (5.51%*)

  • 4.69% (5.53%*)

  • 4.69% (5.44%*)

  • (*)

  • (*)

  • 5.92% p.a.

Fees
  • $595.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $5,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $25,000 p.a.

  • yes

  • no

  • none

  • yes

  • no

  • Settlement fee is variable and depends on Solicitor costs.

  • none

*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 customer rating
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 reviews of Newcastle Permanent Fixed Rate Home Loan

  • Overall
    10/10
    Great customer service & greeted with a smile

    The staff are fantastic, customer service is prompt & efficient. You don't have to wait long...

    The staff are fantastic, customer service is prompt & efficient. You don't have to wait long periods of time like other banks, you walk in the door & you are served straight away ,as they always have plenty of staff to assist you with whatever you need.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Melissa | New South Wales

    reviewed over 3 years ago

  • Overall
    9/10
    Fantastic personal customer service

    Newcastle Permanent has always offered us a personal service for which we are very greatful

    Newcastle Permanent has always offered us a personal service for which we are very greatful

    Price
    8/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Lynaire | New South Wales

    reviewed over 3 years ago

  • Overall
    7/10
    Community-minded banking

    I love Newcastle Permanent and its products. It gives back to local communities and is run for...

    I love Newcastle Permanent and its products. It gives back to local communities and is run for members.

    Price
    10/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Melissa | New South Wales

    reviewed almost 4 years ago

  • Overall
    10/10
    Fantastic service and very competitive rate

    The staff at Newcastle Permanent have been exceptionally helpful from a pre approved loan to the...

    The staff at Newcastle Permanent have been exceptionally helpful from a pre approved loan to the loan we received for the purchase of our property. They have assisted us through the entire process of our purchase and have been available to answer any queries that we have had at all times of the day and evenings. We have banked with them for over 30 years and will continue to do so.

    Price
    9/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Allison | New South Wales

    reviewed almost 4 years ago

  • Overall
    10/10
    Excellent customer service , great deals

    This building society is excellent. The staff in my local branch are always helpful and give me...

    This building society is excellent. The staff in my local branch are always helpful and give me all information I need to make informed decisions about their products. When I first went for my home loan they explained interest rates, fixed and variable. All extras that we weren't aware of. When I went to renew the fixed rate after my first one was finished I asked how to go about getting the best rates. They explained what to do and what I needed to get if I wanted them to match any rate I found. So thanks to their assistance I found a rate that was slightly better and they improved on that deal. Needless to say with that kind of assistance and personal service I went with their best offer. I am not a financial whiz but do like to get the best deal possible. Thanks to the staff at Newcastle Permanent I get friendly, helpful service and the best available rate. I don't need bells and whistles but they do have deals with extras if that is what you are after. Trust me the staff there will make sure you are well informed and work out what you are after and make sure you get the best for what you want.

    Price
    9/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10

    Jennie | New South Wales

    reviewed about 4 years 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.

See Newcastle Permanent home loans

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Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

3.72% p.a.

4.12% p.a.

$395.00 yearly

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Newcastle Permanent

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Fixed Rate Home Loan (Premium Plus Package)

p.a.

4.66% p.a.

$395.00 yearly

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Essentials Variable

3.64% p.a. variable

3.66% p.a.

$520

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Base Variable Rate Home Loan

3.69% p.a. variable

3.73% p.a.

$600

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UBank

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UHomeLoan - Offer

3.59% p.a. variable

3.59% p.a.

$0

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Heritage Bank

Heritage Bank

Discount Variable Home Loan

3.67% p.a. variable

3.69% p.a.

$150

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HSBC

HSBC

Home Value Loan

3.64% p.a. variable

3.66% p.a.

$150

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Virgin Money

Virgin Money

Reward Me Variable Rate Home Loan

3.68% p.a. variable

3.82% p.a.

$150

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Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

3.72% p.a. variable

4.12% p.a.

$0

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State Custodians

State Custodians

Low Rate Home Loan with Offset

3.68% p.a. variable

3.69% p.a.

$0

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loans.com.au

loans.com.au

Essentials Variable

3.64% p.a.

3.66% p.a.

$520

Promoted

NAB

NAB

Base Variable Rate Home Loan

3.69% p.a.

3.73% p.a.

$600

Promoted

UBank

UBank

UHomeLoan - Offer

3.59% p.a.

3.59% p.a.

$0

Promoted

HSBC

HSBC

Home Value Loan

3.64% p.a.

3.66% p.a.

$150

Promoted

Heritage Bank

Heritage Bank

Discount Variable Home Loan

3.67% p.a.

3.69% p.a.

$150

Promoted

Virgin Money

Virgin Money

Reward Me Variable Rate Home Loan

3.64% p.a.

3.78% p.a.

$150

Promoted

Suncorp

Suncorp

Back to Basics

3.79% p.a.

3.80% p.a.

$0

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.65% p.a.

3.66% p.a.

$0

Promoted

loans.com.au

loans.com.au

Smart Loan Fixed (Package)

3.99% p.a.
fixed 3 years

4.31% p.a.

$520

Promoted

Queensland Country Credit Union

Queensland Country Credit Union

Ultimate Fixed Home Loan (Package)

n/a

n/a

$0

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UBank

UBank

UHomeLoan (Fixed)

3.74% p.a.
fixed 3 years

4.01% p.a.

$395

Promoted

Beyond Bank

Beyond Bank

Fixed Rate Total Home Loan (Package)

3.83% p.a.
fixed 3 years

4.90% p.a.

$0

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan

3.99% p.a.
fixed 3 years

4.82% p.a.

$0

Promoted

Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

3.87% p.a.
fixed 3 years

4.02% p.a.

$150

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bcu

bcu

Fixed Rate Home Loan

3.90% p.a.
fixed 3 years

4.78% p.a.

$600

Promoted

UBank

UBank

UHomeLoan (Fixed)

3.74% p.a.
fixed 3 years

4.01% p.a.

$395

*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.