Newcastle Permanent Car Loans

Newcastle Permanent is a provider of car loans, personal loans, home loans, savings accounts, credit cards, insurance products and business loans.

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The table below displays a snapshot of Newcastle Permanent’s car loan products on Canstar’s database, sorted by Star Rating (highest to lowest). Please note the products and Star Ratings displayed are based on a loan amount of $20,000 for a five-year loan in NSW.

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What car loan(s) does Newcastle Permanent offer?

At the time of writing, Newcastle Permanent offers four different car loan options:

  1. Secured Loan – Tier 1
  2. Secured Loan – Tier 2
  3. Partially Secured Loan
  4. Unsecured Loan

They all offer the following features:

  • Competitive rates
    • Both secured loans have a rate of 6.69% and comparison rate of 8.41% p.a.
    • Their Partially Secured and Unsecured Loans have a rate of 8.99% and a comparison rate of 10.73%
  • Flexible repayment options include weekly, fortnightly or monthly
  • No ongoing account keeping fees
  • Make lump sum repayments at no extra cost

Is your car eligible for a secured loan with Newcastle Permanent?

To be eligible for a secured car loan with Newcastle Permanent, your application will be subject to its normal lending criteria. Generally, your chosen vehicle might need to be:

  • For personal use
  • Less than seven years old
  • A new or used vehicle

Check the PDS (product disclosure statement) for more information on Newcastle Permanent’s car loan criteria.

Does Newcastle Permanent also offer personal loans?

Yes, Newcastle Permanent does offer both secured and unsecured personal loans as well as its car loan product. The table below displays a snapshot of Newcastle Permanent’s personal loan products on Canstar’s database, sorted by Star Rating (highest to lowest). Please note the products and Star Ratings displayed are based on a loan amount of $20,000 for a three-year loan in NSW.

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Newcastle Permanent FAQs

There is one fee to be aware of when taking out a car loan with Newcastle Permanent:

  • Application fee – $250

See the relevant fees and charges documents for more information or contact Newcastle Permanent on 13 19 87.

See this article for look at the average fees currently charged by car loan providers on the market (based on Canstar’s Personal Loans Star Ratings for November 2017), to see if Newcastle Permanent’s fees are more or less what the average customer is paying.

Applying for a Newcastle Permanent car loan is straightforward; you can do it online after visiting Canstar’s comparison tables. When applying for a personal loan with Newcastle Permanent (or most providers in Australia for that matter), you generally need to meet the following criteria:

  • The car or motorcycle must be for personal (or business) use
  • You must be 18 or over
  • You must be a permanent Australian resident or valid work visa holder
  • Currently employed with a stable income
  • Have a solid credit rating and not be bankrupt

In addition, you may also have to meet the minimum loan amounts specified by the provider (see above). If done online, the application process can take as little as 10 minutes, provided you have everything on hand. You may need to provide documents and ID such as:

  • A current driver’s license
  • Details of your current and previous (if applicable) employer
  • Details of your income, assets, expenses and liabilities
  • Previous tax returns if you are self-employed

You may also require your current account number for Newcastle Permanent if you’re an existing member.

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.

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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Written by: Regina Collins | Last updated: May 9, 2018