Newcastle Permanent personal loans

Newcastle Permanent
Newcastle Permanent's overall rating for personal loans

(as rated by the Mozo community)

8.7 / 10

based on 31 reviews

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.

Newcastle Permanent offers the following personal loans

Rates and fees verified as correct at 23 September, 2020. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee
Personal Loan (Fixed, Secured)
Newcastle Permanent

6.69% p.a.

8.41% p.a.based on $10,000
over 3 years


Personal Loan (Fixed, Unsecured)
Newcastle Permanent

8.99% p.a.

10.73% p.a.based on $10,000
over 3 years


*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 calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

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What personal loans do Newcastle Permanent offer?

Fixed rate secured personal loan:

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.

Fixed rate unsecured personal loan:

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.

Newcastle Permanent personal loan features at a glance

Repayment flexibility:

Take out one of these loans and you can decide between a weekly, fortnightly or monthly repayment option.

Extra repayments:

With Newcastle Permanent personal loans extra repayments are fee-free (but do keep in mind there is no redraw facility).

No monthly fees:

Zero monthly fees apply to all Newcastle Permanent personal loan contracts.

No early loan repayment penalties:

You can repay your debt before the end date without incurring penalty costs.

Discount car insurance:

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.

Newcastle Permanent customer reviews:

For insight into what customers are saying about Newcastle Permanent personal loans, try reading this reviews section.

How do you apply for a Newcastle Permanent personal loan?

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:

More helpful personal loan quick links