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Newcastle Permanent Fixed Rate Home Loan

Advertiser disclosure
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 principal & interest loan of at least $5,000 with an LVR below 90%
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 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 80%
The details shown below are for an investor taking out a principal & interest loan of at least $5,000 with an LVR below 90%
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 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

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 80% $5,000
Owner Occupier Principal & Interest < 90% $5,000
Owner Occupier Interest Only < 80% $5,000
Owner Occupier Interest Only < 90% $5,000
Investor Principal & Interest < 80% $5,000
Investor Principal & Interest 80%-90% $5,000
Investor Interest Only < 80% $5,000
Investor Interest Only 80%-90% $5,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $5,000
  • Owner Occupier (Principal & Interest)
    LVR < 90%
    Loan: $5,000
  • Owner Occupier (Interest Only)
    LVR < 80%
    Loan: $5,000
  • Owner Occupier (Interest Only)
    LVR < 90%
    Loan: $5,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $5,000
  • Investor (Principal & Interest)
    LVR 80%-90%
    Loan: $5,000
  • Investor (Interest Only)
    LVR < 80%
    Loan: $5,000
  • Investor (Interest Only)
    LVR 80%-90%
    Loan: $5,000
Fixed 3 year rate
6.09% p.a.
Comparison Rate
7.82% p.a.
Service fee
$0.00
Upfront fee
$595
Fixed 3 year rate
6.19% p.a.
Comparison Rate
7.85% p.a.
Service fee
$0.00
Upfront fee
$595
Fixed 3 year rate
6.49% p.a.
Comparison Rate
7.95% p.a.
Service fee
$0.00
Upfront fee
$595
Fixed 3 year rate
6.69% p.a.
Comparison Rate
8.00% p.a.
Service fee
$0.00
Upfront fee
$595
Fixed 3 year rate
6.19% p.a.
Comparison Rate
8.08% p.a.
Service fee
$0.00
Upfront fee
$595
Fixed 3 year rate
6.29% p.a.
Comparison Rate
8.11% p.a.
Service fee
$0.00
Upfront fee
$595
Fixed 3 year rate
6.29% p.a.
Comparison Rate
8.12% p.a.
Service fee
$0.00
Upfront fee
$595
Fixed 3 year rate
6.39% p.a.
Comparison Rate
8.15% p.a.
Service fee
$0.00
Upfront fee
$595

Mozo editorial review Newcastle Permanent Fixed Rate Home Loan - last updated: 16 November 2023

binocular icon
What's hot
  • Competitive fixed rates across a variety of terms
  • Cashback offer for refinancers (conditions apply)
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 5 years and you can borrow up to 95% of the property's value, plus some handy flexibility when it comes to repayments. And if you are refinancing from a loan outside of Newcastle Permanent, you could receive $2,000 cashback. 

key icon
Key features

The Newcastle Permanent Fixed Rate Home loan is available for 1 up to 5 years, though the most competitive rates are in 1 - 3 year range. 

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. 

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. However, when you first take out the loan you will need to budget for the loan establishment fee of $595. 

You'll also be able to 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.


snapshot
Who is it good for

Borrowers looking for peace of mind knowing that their interest rate or repayments aren't going to change for a set term. Or refinancers looking for a great cashback offer - just remember you'll need to set up a Newcastle Permanent Everyday Account to receive the funds. 

question icon
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 your 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 29 March 2024. 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

6.39% (8.31%*)

6.09% (8.04%*)

6.09% (7.82%*)

6.09% (7.63%*)

6.09% (7.45%*)

n/a

n/a

8.50% p.a.

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$250.00

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.

Rate Lock Option available for a fee of $750 per loan account.

$3,000 cashback when you refinance your home loan online, with at least $250,000 of new borrowing with Newcastle Permanent, LVR <80%. T&Cs apply.

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 29 March 2024. 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

6.49% (8.32%*)

6.19% (8.06%*)

6.19% (7.85%*)

6.19% (7.67%*)

6.19% (7.50%*)

n/a

n/a

8.50% p.a.

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$250.00

Other financial bits

$5,000

none

none

90.00%

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.

Rate Lock Option available for a fee of $750 per loan account.

$3,000 cashback when you refinance your home loan online, with at least $250,000 of new borrowing with Newcastle Permanent, LVR <80%. T&Cs apply.

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 29 March 2024. 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

6.79% (8.35%*)

6.49% (8.12%*)

6.49% (7.95%*)

6.49% (7.79%*)

6.49% (7.65%*)

n/a

n/a

8.50% p.a.

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$250.00

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.

Rate Lock Option available for a fee of $750 per loan account.

$3,000 cashback when you refinance your home loan online, with at least $250,000 of new borrowing with Newcastle Permanent, LVR <80%. T&Cs apply.

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 29 March 2024. 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

6.99% (8.38%*)

6.69% (8.16%*)

6.69% (8.00%*)

6.69% (7.87%*)

6.69% (7.74%*)

n/a

n/a

8.50% p.a.

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$250.00

Other financial bits

$5,000

none

none

90.00%

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.

Rate Lock Option available for a fee of $750 per loan account.

$3,000 cashback when you refinance your home loan online, with at least $250,000 of new borrowing with Newcastle Permanent, LVR <80%. T&Cs apply.

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 29 March 2024. 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

6.49% (8.62%*)

6.19% (8.32%*)

6.19% (8.08%*)

6.19% (7.87%*)

6.19% (7.68%*)

n/a

n/a

8.84% p.a.

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$250.00

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.

Rate Lock Option available for a fee of $750 per loan account.

$3,000 cashback when you refinance your home loan online, with at least $250,000 of new borrowing with Newcastle Permanent, LVR <80%. T&Cs apply.

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 29 March 2024. 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

6.59% (8.63%*)

6.29% (8.34%*)

6.29% (8.11%*)

6.29% (7.91%*)

6.29% (7.72%*)

n/a

n/a

8.84% p.a.

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$250.00

Other financial bits

$5,000

none

80.00%

90.00%

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.

Rate Lock Option available for a fee of $750 per loan account.

$3,000 cashback when you refinance your home loan online, with at least $250,000 of new borrowing with Newcastle Permanent, LVR <80%. T&Cs apply.

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 29 March 2024. 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

6.59% (8.63%*)

6.29% (8.35%*)

6.29% (8.12%*)

6.29% (7.93%*)

6.29% (7.75%*)

n/a

n/a

8.84% p.a.

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$250.00

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.

Rate Lock Option available for a fee of $750 per loan account.

$3,000 cashback when you refinance your home loan online, with at least $250,000 of new borrowing with Newcastle Permanent, LVR <80%. T&Cs apply.

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 29 March 2024. 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

6.69% (8.64%*)

6.39% (8.37%*)

6.39% (8.15%*)

6.39% (7.96%*)

6.39% (7.80%*)

n/a

n/a

8.84% p.a.

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$250.00

Other financial bits

$5,000

none

80.00%

90.00%

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.

Rate Lock Option available for a fee of $750 per loan account.

$3,000 cashback when you refinance your home loan online, with at least $250,000 of new borrowing with Newcastle Permanent, LVR <80%. T&Cs apply.

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
Price
Features
Customer service
Convenience
Trust

Latest reviews of Newcastle Permanent Fixed Rate Home Loan

About Newcastle Permanent

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Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

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Bendigo Bank

Express Home Loan

6.01% p.a. variable

6.14% p.a.

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BCU Bank

Fixed Rate Home Loan

6.29% p.a.
fixed 3 years

6.30% p.a.

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Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

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ubank

Neat Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a. variable

6.17% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a. variable

6.14% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.37% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a.

6.58% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for BCU Bank
BCU Bank

OMG Home Loan

5.99% p.a.

6.00% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

Thumbnail icon for BCU Bank
BCU Bank

Fixed Rate Home Loan

p.a.

6.30% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for BCU Bank
BCU Bank

Fixed Rate Home Loan

6.29% p.a.
fixed 3 years

6.30% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.09% p.a.
fixed 3 years

6.19% p.a.

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.

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