Newcastle Permanent Variable Home Loan (Premium Plus Package)

3.64% p.a.

4.03% p.a.

$395.00 yearly

3.84% p.a.

4.22% p.a.

$395.00 yearly

4.09% p.a.

4.48% p.a.

$395.00 yearly

4.17% p.a.

4.56% p.a.

$395.00 yearly

4.62% p.a.

5.00% p.a.

$395.00 yearly

4.57% p.a.

4.95% p.a.

$395.00 yearly

4.52% p.a.

4.90% p.a.

$395.00 yearly

4.42% p.a.

4.80% p.a.

$395.00 yearly

4.37% p.a.

4.76% p.a.

$395.00 yearly

5.02% p.a.

5.39% p.a.

$395.00 yearly

4.97% p.a.

5.34% p.a.

$395.00 yearly

4.87% p.a.

5.25% p.a.

$395.00 yearly

4.82% p.a.

5.20% p.a.

$395.00 yearly

4.42% p.a.

4.80% p.a.

$395.00 yearly

4.42% p.a.

4.80% p.a.

$395.00 yearly

4.42% p.a.

4.80% p.a.

$395.00 yearly

4.37% p.a.

4.76% p.a.

$395.00 yearly

5.02% p.a.

5.39% p.a.

$395.00 yearly

4.97% p.a.

5.34% p.a.

$395.00 yearly

4.87% p.a.

5.25% p.a.

$395.00 yearly

4.82% p.a.

5.20% p.a.

$395.00 yearly

Newcastle Permanent Variable Home Loan (Premium Plus Package) Review

Rates and fees information correct as at 13 December 2017.

Review published: 18 December 2012

What's hot:

  • Competitive interest rate

  • No upfront application fee

  • Mozo Experts Choice Awards Winner 2017

What's not:

  • $395 annual service fee

Mozo snapshot:

With competitive interest rates for all borrowers, no application fees and flexible features like an offset account and redraw facility, it's easy to see why Newcastle Permanent took out a Mozo Experts Choice Awards 2017 in the Best Value Home Loan Package category. 

Key features:

The Newcastle Permanent Premium Plus Package home loan is available whether you are buying your first home or upgrading to a bigger more expensive property. You can borrow up to 95% (80% for investment) of the property's value but you will need to pay mortgage insurance on anything over 80% LVR.

The interest rate is a competitive 3.64% for loans of at least $150,000 with principal & interest repayments. If you're borrowing under $150,000 then the rate is 4.57%

Aside from the competitive variable interest rate what's really great about the Newcastle Permanent Plus Package is the long list of product options that come with this home loan. It has an offset account and you can make additional repayments or a lump sum repayment for free. Redraws are also free and there is no minimum on the redraw amount. 

You can choose your repayment frequency to tie in with your payday. The Newcastle Permanent Premium Variable loan has weekly, fortnightly and monthly repayment options. You also have the option to split the loan between a fixed and variable amount if interest rates begin to go up and you want to fix a portion of your loan.

This loan isn't fee free. It has a yearly service fee of $395.

Who it's good for:

The competitive interest rate of the Newcastle Permanent Premium Package loan should suit anyone who is looking at making sure that most of their hard earned cash goes towards paying down their home loan rather than paying off high interest rates.

Any catches?

This is a variable rate home loan so your rate is likely to move in line with the official cash rate so get into the habit of checking your interest rate on an annual basis so that you can be sure you're always getting the best deal.

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 Variable Home Loan (Premium Plus Package)

Newcastle Permanent

Newcastle Permanent Discounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package) home loan review

Overall rating   9 / 10

Wonderful

Great product with fantastic access.

Full review

Great product with fantastic access.

    Price   9 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Lyndal (NSW), reviewed over 2 years ago

Newcastle Permanent

Newcastle Permanent Discounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package) home loan review

Overall rating   9 / 10

Personalized Service

Newcastle Permanent bent over backwards to ensure we received the right product. It didn't end there, as with most banks! They continue to provide wonderful follow up and personalized service.

Full review

Newcastle Permanent bent over backwards to ensure we received the right product. It didn't end there, as with most banks! They continue to provide wonderful follow up and personalized service.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Cath (NSW), reviewed over 2 years ago

Newcastle Permanent

Newcastle Permanent Discounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package) home loan review

Overall rating   9 / 10

That little bit extra

Very personal approach to banking. The application took place in the comfort of our own home! Love the service and support!

Full review

Very personal approach to banking. The application took place in the comfort of our own home! Love the service and support!

    Price   10 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Van (NSW), reviewed about 3 years ago

Newcastle Permanent

Newcastle Permanent Discounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package) home loan review

Overall rating   9 / 10

Simple, friendly and highly competitive service!

Simple, friendly, easy to access service with highly competitive products that do exactly what they need to do without all the hype and frills attached.

Full review

Simple, friendly, easy to access service with highly competitive products that do exactly what they need to do without all the hype and frills attached.

    Price   8 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Trenton (NSW), reviewed about 3 years ago

Newcastle Permanent

Newcastle Permanent Discounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package) home loan review

Overall rating   9 / 10

Competitive and local

The home loan process was faster than our previous bank who took over a month to tell us that their loan manager had done the paperwork wrong. Newcastle perm had a lower rate and had the loan approved within a week.

Full review

The home loan process was faster than our previous bank who took over a month to tell us that their loan manager had done the paperwork wrong. Newcastle perm had a lower rate and had the loan approved within a week.

    Price   8 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Keith (NSW), reviewed about 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

  • 3.64% p.a.

  • n/a

  • 0 Months

  • none

  • 4.03% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $150,000

  • none

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 3.84% p.a.

  • n/a

  • 0 Months

  • none

  • 4.22% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $150,000

  • none

  • 80.00%

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.09% p.a.

  • n/a

  • 0 Months

  • none

  • 4.48% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $150,000

  • none

  • none

  • 80.00%

Features

  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.17% p.a.

  • n/a

  • 0 Months

  • none

  • 4.56% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $150,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.62% p.a.

  • n/a

  • 0 Months

  • none

  • 5.00% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $150,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.57% p.a.

  • n/a

  • 0 Months

  • none

  • 4.95% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $5,000

  • $499,999

  • none

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.52% p.a.

  • n/a

  • 0 Months

  • none

  • 4.90% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $500,000

  • $749,999

  • none

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.42% p.a.

  • n/a

  • 0 Months

  • none

  • 4.80% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $750,000

  • $899,999

  • none

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.37% p.a.

  • n/a

  • 0 Months

  • none

  • 4.76% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $900,000

  • none

  • none

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 5.02% p.a.

  • n/a

  • 0 Months

  • none

  • 5.39% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $5,000

  • $499,999

  • none

  • 80.00%

Features

  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.97% p.a.

  • n/a

  • 0 Months

  • none

  • 5.34% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $500,000

  • $749,999

  • none

  • 80.00%

Features

  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.87% p.a.

  • n/a

  • 0 Months

  • none

  • 5.25% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $750,000

  • $899,999

  • none

  • 80.00%

Features

  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.82% p.a.

  • n/a

  • 0 Months

  • none

  • 5.20% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $900,000

  • none

  • none

  • 80.00%

Features

  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.42% p.a.

  • n/a

  • 0 Months

  • none

  • 4.80% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $5,000

  • $499,999

  • none

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.42% p.a.

  • n/a

  • 0 Months

  • none

  • 4.80% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $500,000

  • $749,999

  • none

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.42% p.a.

  • n/a

  • 0 Months

  • none

  • 4.80% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $750,000

  • $899,999

  • none

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.37% p.a.

  • n/a

  • 0 Months

  • none

  • 4.76% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $900,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 5.02% p.a.

  • n/a

  • 0 Months

  • none

  • 5.39% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $5,000

  • $499,999

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.97% p.a.

  • n/a

  • 0 Months

  • none

  • 5.34% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $500,000

  • $749,999

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.87% p.a.

  • n/a

  • 0 Months

  • none

  • 5.25% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $750,000

  • $899,999

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Settlement fee is variable and depends on Solicitor costs.

  • none

Rates

  • 4.82% p.a.

  • n/a

  • 0 Months

  • none

  • 5.20% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • none

Other financial bits

  • $900,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • 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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