Newcastle Permanent Package Home Loans
This year, CANSTAR has researched and rated 52 providers of package home loan products in Australia. CANSTAR is pleased to congratulate Newcastle Permanent on achieving our 5-star rating for outstanding value package home loans, for the fourth time in a row.
Why Newcastle Permanent won a 5-star rating for package home loans
Through a strong offering of both price and extensive features, Newcastle Permanent has managed to achieve a 5-star rating. Newcastle Permanent is a top contender when it comes to home loan rates, which is one of the main drivers in their 5-star achievement.
To accompany the sharp interest rates on their Premium Plus Package Home Loans, Newcastle Permanent also offers a competitively priced transaction account, and the availability of their Value+ Credit Card, which has its annual fee waived as part of the package! On top of this, the package offers discounts on landlord insurance, home and contents insurance, and car insurance, as well as access to free financial planning.
The inclusions above represent a selection of what is included. Additional conditions may apply to different features. Please ensure that you read the product disclosure statement (PDS) to determine all the package options and inclusions for the product you are considering.
CANSTAR is an information provider and in giving you product information CANSTAR is not making any suggestion or recommendation about a particular credit product. If you decided to apply for a home loan, you will deal directly with a 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 and our Financial Services and Credit Guide (FSCG).
About Newcastle Permanent
Newcastle Permanent is a provider of home loans, personal loans, credit cards, bank accounts, term deposits, and insurance products.
Newcastle Permanent is a customer-owned banking institution founded in 1903 as a building society. With 59 branches across regional NSW and more than 320,000 loyal customers, Newcastle Permanent is one of the largest mutual building societies in Australia.
The Newcastle Permanent Charitable Foundation invests over $1.5 million every year in grants for not-for-profits and community organisations in their local NSW region ($1.7 million in 2015-16, in fact). Since the foundation was created in 2003, they have provided over $15 million in grants to 372 community projects and initiatives (2016 Annual Review).
Source: Newcastle Permanent
Newcastle Permanent’s current advertising slogan is “Here for good”, and their community sponsorship focus on healthy minds, healthy bodies, happy lives, and passionate people meets that promise in more ways than one. ‘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’ involves 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.
You can watch old TV ads for Newcastle Permanent on their YouTube channel, including this one from 1979:
Source: Newcastle Permanent