Newcastle Permanent Home Loans

Newcastle Permanent is a provider of home loans, personal loans, credit cards, bank accounts, term deposits, and insurance products.

“Here for good.” (Newcastle Permanent)

Loan Options: What Newcastle Permanent home loans offer

Newcastle PermanentThe inclusions below represent a selection of the features available with a Standard Variable Rate home loan of $350,000 for an owner-occupier. CANSTAR is not making any suggestion or recommendation to you about this product. Please see our comparison tables for more details and information about products on offer from this provider and other home loan providers on our database.

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Additional conditions may apply to different features. Please ensure that you read the product disclosure statement to determine all the current loan terms and conditions for the product you are considering. 

Newcastle Permanent Standard Variable Home Loan Features

Newcastle Permanent home loans come in three different options for variable rate home loans:

  • Premium Plus Package: A variable rate home loan package with a competitive interest rate. Package includes discounted rates and fees on loans, credit card, and other products. Features:
    • Split loan facility available; unlimited splits allowed; no split loan application fee.
    • Offset account (full offset) available.
    • Redraw facility available.
    • Mortgage is portable.
    • Repayments may be made weekly, fortnightly, or monthly.
    • Additional repayments allowed.
    • Lump sum repayments allowed.
    • Repayment holiday allowed.
    • Interest only repayments available for up to 5 years.
    • Minimum loan amount $150,000 – up to $500,000 maximum loan amount.
  • Premium Variable Home Loan or Real Deal Home Loan: Both fully-featured, variable rate loan. Features:
    • Split loan facility available; unlimited splits allowed; no split loan application fee.
    • Offset account (full offset) available.
    • Redraw facility available.
    • Mortgage is portable.
    • Repayments may be made weekly, fortnightly, or monthly.
    • Additional repayments allowed.
    • Lump sum repayments allowed.
    • Repayment holiday allowed.
    • Interest only repayments available for up to 5 years.
    • Minimum loan amount $0 (Premium) or $50,000 (Real Deal) – up to unlimited maximum loan amount.

Source: Newcastle Permanent

About Newcastle Permanent

Newcastle Permanent is a customer-owned banking institution and has been since it was founded as a building society in 1903. With 59 branches across regional NSW and more than 320,000 loyal customers, Newcastle Permanent is one of the largest building societies in Australia.

The Newcastle Permanent Charitable Foundation takes community-focussed banking to the next level, investing over $1.5 million every year in grants for local not-for-profits and community organisations. Since the foundation was created in 2003, they have provided over $14 million in grants to over 350 community projects and initiatives.

Source: Newcastle Permanent

Through their Community Sponsorship program, Newcastle Permanent focusses on contributing to healthy minds, healthy bodies, happy lives, and passionate people. Healthy minds means investing in children’s education – they sponsor the Primary School Mathematics Competition (2016 was their biggest comp to date), Blackbutt Junior Ranger Program, and the Herald School Newspaper Competition. Healthy bodies includes sponsoring Surf Life Saving, Central Coast MarinersACTIVE program, and the Northern NSW Football Club. Happy lives is all about family-friendly events such as the Cinema Under the Stars. And passionate people involve staff volunteering, donations, and fundraising.

As for protecting the environment, Newcastle Permanent has a solid approach to sustainability. They make sure their customers and suppliers get involved, too, in activities such as recycling, minimising water usage, and minimising energy consumption. They also deliver statements via email or use paper from managed plantation forests, and they donate old computers to charity.

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CANSTAR provides an information service. It is not a credit provider, and in giving you information about credit products CANSTAR is not making any suggestion or recommendation to you about a particular credit product. 

If you decide to apply for a credit card you will deal directly with the financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

Read the Comparison Rate Warning when comparing interest rates on home loans.

Written by: TJ Ryan