Newcastle Permanent Secured Personal Loan

6.69% p.a.

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

$250

Newcastle Permanent Secured Personal Loan

6.69% p.a.

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

$250

Mozo Review   Newcastle Permanent Secured Personal Loan Review

Last updated: 16 November 2018.

What's hot:
  • 6.69% p.a. fixed rate (8.41%* comparison rate)

  • Loans start from $1,000

  • No service fee

  • 2018 Mozo Experts Choice Award winner

What's not:
  • $250 application fee

  • $35 late payment fee

Mozo snapshot:

Newcastle Permanent’s secured personal loan is one of the most competitive rates on the market, with their fixed rate starting as low as 6.69% p.a. (8.41%* comparison rate). You can borrow between $1,000 and $50,000 with this loan, with terms of up to 7 years. Plus, you’ll have the flexibility of paying your loan off early at no extra cost. These features landed this loan a 2018 Mozo Experts Choice Personal Loan Award under the Used Car Loan category.

Key features:

The Newcastle Permanent secured personal loan offers a great interest rate of 6.69% (8.41%* comparison rate) for loans between $1,000 and $50,000. It’s fixed, meaning no matter how long you have the loan for, or how much you borrow, the rate will stay the same.

The loan is available for between 1 and 7 years, and you have the option of weekly, fortnightly or monthly repayments so you can time the payments to suit your payday. But be sure to stay on top of your repayments, as there’s a $35 late payment fee.

One other fee to keep in mind is the $250 application fee, but what you won’t have to worry about is paying any ongoing service fees, early repayment fees or a fee if you transfer your debt elsewhere and leave the loan behind. You’ll also have the handy feature of free extra repayments to help you pay off your loan quicker.

This loan has flexible security options, whether you decide to use your property, car or another asset. But keep in mind that for those that are securing with their vehicle, for new cars, your debt must be less than 80% of the purchase price, and for used cars of up to 3 years old, less than 90% of the trade value.  


Who it's good for:

The Newcastle Permanent secured personal loan is perfect for those looking to cover some upfront expenses without paying an arm and a leg in interest for the convenience of a loan.

Any catches?

One thing to keep in mind is to be careful of staying on top of your repayments with this loan, to avoid the $35 late payment fee.

Details

Rates and fees information correct as at 10 December 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 6.69% p.a. fixed

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

Fees
  • $250.00

  • $0.00

  • $35.00

  • $0.00

  • $0.00

Other financial bits
  • $1,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Other, Residential Property, Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • New Cars: Debt < or = 80% of the purchase price. Used Cars: Car < 3yrs old with debt <90% of the trade value.

  • none

*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.

Customer Reviews

How are Newcastle Permanent personal loans rated by the Mozo community?

Overall customer rating
8.7/10
Price
8.2/10
Features
7.8/10
Customer service
8.9/10
Convenience
8.9/10
Trust
8.9/10

Latest reviews of Newcastle Permanent Secured Personal Loan

  • Overall
    8/10
    Awesome

    Great

    Great

    Price
    9/10
    Features
    9/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    8/10

    Matthew | New South Wales

    reviewed about 3 years ago

  • Overall
    9/10
    A professional team with personality and drive.

    The personal loans I have utilised through The Newcastle Permanent have been simple to obtain and...

    The personal loans I have utilised through The Newcastle Permanent have been simple to obtain and tailored to suit my needs. The interest rates are always competitive and the repayments are set at a comfortable level for your finances. Every product and service from the Newcastle Permanent is fully backed by the company. I have never experienced a problem when dealing with this institution.From the house loan to the on line banking system The Newcastle Permanent shines.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    10/10

    Waide | New South Wales

    reviewed over 3 years ago

  • Overall
    9/10
    Happy customer

    Very handy if all your accounts are with them. Process was efficient and paymenys and balances...

    Very handy if all your accounts are with them. Process was efficient and paymenys and balances are easy to track with online banking.

    Price
    9/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Meghan | New South Wales

    reviewed over 3 years ago

  • Overall
    8/10
    Customer service comes first

    I am very happy with the Newcastle Permanent Building Society as they were very helpful,...

    I am very happy with the Newcastle Permanent Building Society as they were very helpful, excellent interest rate. The manager bent over backwards when we changed from another institution who didn't care about our situation.

    Price
    8/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10

    Shirley | New South Wales

    reviewed over 3 years ago

  • Overall
    10/10
    Brilliant

    Friendly professional. Know their customers by name

    Friendly professional. Know their customers by name

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Ron | Australian Capital Territory

    reviewed almost 4 years ago

Newcastle Permanent

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.

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