Newcastle Permanent Fixed Rate Home Loan

3.79% p.a.

4.75% p.a.

$0.00

4.24% p.a.

4.91% p.a.

$0.00

3.99% p.a.

4.77% p.a.

$0.00

4.44% p.a.

4.96% p.a.

$0.00

3.99% p.a.

4.81% p.a.

$0.00

4.44% p.a.

5.00% p.a.

$0.00

Newcastle Permanent Fixed Rate Home Loan Review

Rates and fees information correct as at 20 August 2017.

Review published: 24 July 2014

What's hot:

  • Competitive fixed rates across a variety of terms

  • 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.

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 1 and 2 year rates are 3.74%, while 3 year fixed rate is 3.79%. For 4 and 5 year terms you are looking at a rate of 4.24%.

You can borrow up to 95% of the property value (80% for investment) 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.

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

Product Type Overall Rating Price Features Service Convenience Trust
8.5

Based on 80
Newcastle Permanent home loans reviews

8.5 7.7 8.5 8.3 8.6

Read Newcastle Permanent home loan reviews by the Mozo community

Latest reviews of Newcastle Permanent Fixed Rate Home Loan

Newcastle Permanent

Newcastle Permanent Special Discounted Fixed Rate Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   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 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...

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

Less

Melissa (NSW), reviewed over 2 years ago

Newcastle Permanent

Newcastle Permanent Special Discounted Fixed Rate Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   7 / 10

Community-minded banking

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

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

Less

Melissa (NSW), reviewed over 2 years ago

Newcastle Permanent

Newcastle Permanent Special Discounted Fixed Rate Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Fantastic service and very competitive rate

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...

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

Less

Allison (NSW), reviewed almost 3 years ago

Newcastle Permanent

Newcastle Permanent Special Discounted Fixed Rate Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Excellent customer service , great deals

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...

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

Less

Jennie (NSW), reviewed almost 3 years ago

Newcastle Permanent

Newcastle Permanent Special Discounted Fixed Rate Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   9 / 10

The local staff are awesome!

The rates and products are competitive, but it is the local staff that make the difference.

The rates and products are competitive, but it is the local staff that make the difference.

    Price   10 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Alexandra (NSW), reviewed almost 3 years ago

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.

Currently showing

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.74% (4.96%*)

  • 3.74% (4.85%*)

  • 3.79% (4.75%*)

  • 4.24% (4.81%*)

  • 4.24% (4.75%*)

  • 7.39% (6.39%*)

  • 7.39% (6.76%*)

  • 5.05% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • none

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

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.19% (5.06%*)

  • 4.19% (4.97%*)

  • 4.24% (4.91%*)

  • 4.69% (4.99%*)

  • 4.69% (4.96%*)

  • 7.84% (6.70%*)

  • 7.84% (7.13%*)

  • 5.15% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • none

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

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.94% (4.94%*)

  • 3.94% (4.84%*)

  • 3.99% (4.77%*)

  • 4.44% (4.84%*)

  • 4.44% (4.80%*)

  • 7.59% (6.51%*)

  • 7.59% (6.91%*)

  • 5.05% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • none

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

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (5.08%*)

  • 4.39% (5.01%*)

  • 4.44% (4.96%*)

  • 4.89% (5.06%*)

  • 4.89% (5.04%*)

  • 8.04% (6.83%*)

  • 8.04% (7.29%*)

  • 5.15% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • none

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

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.94% (4.98%*)

  • 3.94% (4.88%*)

  • 3.99% (4.81%*)

  • 4.44% (4.88%*)

  • 4.44% (4.83%*)

  • 7.59% (6.56%*)

  • 7.59% (6.96%*)

  • 5.05% p.a.

Fees

  • $595.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • none

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

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (5.12%*)

  • 4.39% (5.05%*)

  • 4.44% (5.00%*)

  • 4.89% (5.10%*)

  • 4.89% (5.08%*)

  • 8.04% (6.87%*)

  • 8.04% (7.33%*)

  • 5.15% p.a.

Fees

  • $595.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • none

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

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.

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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