As a customer-owned financial provider, Newcastle Permanent has been reinvesting profits to benefit members since it entered the market in 1903.
Rates and fees verified as correct at 24 July, 2019. Other information correct at the time of writing.
|Product||Interest rate from||Comparison rate from*||Upfront fee|
Personal Loan (Fixed, Secured)
8.41% p.a.based on $10,000
Personal Loan (Fixed, Unsecured)
10.73% p.a.based on $10,000
† 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.
With a low fixed rate and flexible features, this secured Newcastle Permanent personal loan is a competitive pick for loan amounts $50,000 or under. To qualify you’ll need to secure it to something of value like a car or property. Loan terms range from one to seven years and repayments are consistent thanks to the fixed interest rate. You can clear your debt early too by making additional loan repayments without financial penalty. If access to a redraw facility is a dealbreaker, keep in mind this fixed Newcastle Permanent loan doesn’t have one. On the plus side though you can pick a repayment cycle to suit you, and there are zero monthly fees with the exception of an initial signup cost.
There’s only a slight difference between the unsecured Newcastle Permanent loan and the fixed one listed above. You don’t need to tie the loan to an asset as collateral. This means the interest rate is slightly higher and the maximum loan amount is capped at $30,000.
Take out one of these loans and you can decide between a weekly, fortnightly or monthly repayment option.
With Newcastle Permanent personal loans extra repayments are fee-free (but do keep in mind there is no redraw facility).
Zero monthly fees apply to all Newcastle Permanent personal loan contracts.
You can repay your debt before the end date without incurring penalty costs.
If your Newcastle Permanent loan is for financing a new or used car, you’ll get a 5% car insurance discount with the provider. Refer to the website for details.
For insight into what customers are saying about Newcastle Permanent personal loans, try reading this reviews section.
Applying for a personal loan with Newcastle Permanent is as easy as visiting the website and completing an online form. A staff member will review the application and get back to you within one business day.
To apply for a personal loan with Newcastle Permanent you will need: