Rates and fees verified as correct at 05 December, 2020. Other information correct at the time of writing. Advertiser disclosure.
|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
WARNING: 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. 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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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.
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:
Mozo users have rated Newcastle Permanent personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
I found this bank is a little conservative when applying for a loan. If their computer program says you can't afford it, they don't approve you - even if you are changing to a lower interest rate and currently paying double the repayments!Read full review
I found this bank is a little conservative when applying for a loan. If their computer program says you can't afford it, they don't approve you - even if you are changing to a lower interest rate and currently paying double the repayments!