Newcastle Permanent personal loans offer a range of packages for different needs. Check out our range of personal loans for an overview of interest rates, fees and more. Or you can compare the whole market with our personal loan comparison tools.
Rates and fees verified as correct at 06 December, 2016. Other information correct at the time of writing.
|Product||Interest rate from||Comparison rate from*||Upfront fee|
Personal Loan (Fixed, Unsecured)
9.72% p.a.based on $10,000
Personal Loan (Fixed, Secured)
8.20% p.a.based on $10,000
* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. 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.
† 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.
As a customer-owned financial provider, Newcastle Permanent has been reinvesting profits to benefit members since it entered the market in 1903. Customers looking for a low rate personal loan can choose between a secured and unsecured version. Scroll down for a rundown on the features of these Newcastle Permanent products.
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: