I was the first sibling to get a car loan in our family and I am so glad I went with the Newcastle Permanent, they were more than willing to go over every detail so I could understand it. It was really handy to have someone simple it down for me. Since then I have recommended it to my sister who also got a car loan through them. I am so pleased that me and my partner are planing to go with the Permanent for our home loan.
I only deal now with the Newcastle Permanent after some bad experiences with other banks. The Newcastle Permanent gave me a car loan and explained in full what would happen and what the interest rates were.
The Newcastle Perm Car Loan is just that ...a car loan. No bells and whistles needed. Borrow for a car, don't default and the deal is done. Each week I paid extra so the loan was finished well before the expiry. There were no penalties for this which can happen.
I have banked with Newcastle Permanent Building Society for many years and never ever had any concerns or queries. They excel in customer service and the convenience of opening times fit perfectly with me and my work commitments. This particular product - car loan - is great, i can pay it early with no fees, i can redraw if i am in arrears, it is by far one of the lowest interest rates i found at the time of my loan. Nothing but professional and friendly!! Definitely recommend this car loan to anyone.
Nicole, New South Wales, reviewed over 11 years ago
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Car loan comparisons on Mozo - rates updated daily
New Car Loan
Including Demo, Fixed, Secured
5.22% p.a.based on $30,000 over 5 years
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 4.67% would cost $34,096.76 including fees.
*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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