Newcastle Permanent Building Society

Rates and Fees verified correct on September 27th, 2016

Get a fair go with a mortgage from Newcastle Permanent Building Society.

Newcastle Permanent are a building society which means they have members not customers, and as a member you reap the rewards of a profitable financial institution through lower fees and interest rates, rather than the profits going to shareholders of a bank as dividends.

Investor Loans

Newcastle Permanent has made changes to their borrowing criteria for investors, there is no waiving of establishment fees for loans that are to be used for investment, the $550 establishment fee will apply.

Compare Newcastle Permanent home loans

Rates last updated September 27th, 2016
Loan purpose
Offset account
Loan type
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Product nameInterest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Newcastle Permanent Building Society Premium Plus Package Home Loan - New Customer Offer ($150,000+ Owner Occupier)
Apply for a new owner occupier loan or refinance from another lender and receive this discounted rate.
3.85% 4.21% $0 $375 p.a. 95% More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 1 Year Fixed (Owner Occupier)
Get a short term fixed rate for that investment property with no application or ongoing fees.
3.69% 4.87% $0 $0 p.a. 95% More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 2 Years Fixed (Owner Occupier)
Enjoy a low interest rate and borrow up to 95% (with LMI) of your home value.
3.69% 4.75% $0 $0 p.a. 95% More info
4.47% 4.82% $0 $375 p.a. 80% More info
Newcastle Permanent Building Society Premium Plus Package Home Loan - Tier 2: Over $500k
Package your home loan and receive discounts off other finance products with Newcastle Permanent.
4.42% 4.77% $0 $375 p.a. 95% More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 3 Years Fixed (Owner Occupier)
Split your loan for free with one of the lowest fixed home loan rates.
3.79% 4.68% $0 $0 p.a. 95% More info
Newcastle Permanent Building Society Premium Plus Package Home Loan - Tier 3: Over $750k
Get a competitive variable rate with a 100% offset account to help pay off your loan sooner.
4.32% 4.67% $0 $375 p.a. 95% More info
3.80% 4.59% $0 $0 p.a. 95% More info
Newcastle Permanent Building Society Premium Plus Package Home Loan - Tier 4: Over $900k
Get a variable home loan that allows unlimited redraw on any extra repayments you put into your home loan.
4.27% 4.62% $0 $375 p.a. 95% More info
3.80% 4.51% $0 $0 p.a. 95% More info
Newcastle Permanent Building Society Real Deal Home Loan - Discounted Variable
Discount off the standard variable rate and no application fee.
4.30% 4.52% $550 $0 p.a. 95% More info
Newcastle Permanent Building Society Real Deal Home Loan - Variable
A competitive variable rate with no application fee.
4.55% 4.59% $550 $0 p.a. 95% More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 7 Years Fixed (Owner Occupier)
Lock in a competitive fixed rate for seven years and be able to know your budget better.
6.59% 5.92% $0 $0 p.a. 95% More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 10 Years Fixed (Owner Occupier)
Lock in your interest rate for 10 years and know how much your paying each month.
6.59% 6.17% $0 $0 p.a. 95% More info
4.95% 5.99% $550 $0 p.a. 95% More info
5.17% 5.17% $0 $0 p.a. 95% More info
4.25% 5.92% $550 $0 p.a. 95% More info
5.15% $550 $10 monthly ($120 p.a.) 90% More info
3.69% 4.75% $550 $0 p.a. 80% More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 1 Year Fixed (Investor)
A low interest rate home loan with a low ongoing fee.
3.69% 4.87% $550 $0 p.a. 80% More info

Who are Newcastle Permanent Building Society?

The Newcastle Permanent Building Society originated in Wickham, a suburb of Newcastle over 100 years ago. It was founded with a cooperative of the Starr-Bowkett Society and designed to provide security for home owners in the Newcastle Region. The society helped to grow the Newcastle region as many of the intial loans were given to borrowers interest free. This promoted growth in the area and allowed the society to grow.

By the turn of the century The Newcastle Permanent Building Society had over 50 offices and branches in New South Wales. These range from the Mid North Coast to the Northern Rivers, the Central Coast and throughout the Hunter Valley.

The Newcastle Permanent Building Society lay claim to being the financially strongest building society in Austrlaia, and pride themself on the work they do through charity.

  • 2013 Money Magazine Home Lender of the year
  • 2014 Smart Investor Blue Ribbon Awards Home Lender of the Year

Features of Newcastle Permanent home loans

Each Newcastle Permanent home loan is a very inclusive product, it is the details of the interest rate or the loan structure which allows you to tailor a product to suit your home buying or investing needs. You can choose from:

  • Basic variable home loan. Newcastle Permanent charges no ongoing fees on their basic variable, and allows additional repayments to help you clear your loan sooner. You can also take a repayment holiday and redraw your additional repayments for a fee, after completing an application. You can also link to a partial offset account.
  • Introductory low interest rate. You will receive a discount off of the standard variable rate for the first year of your loan. The introductory rate loan is also free of account-keeping fees and allows for additional repayments, a repayment holiday, includes a partial offset, and redraw for a fee through an application.
  • Premium variable rate loan. The premium options of this loan include a 100% offset account, additional repayments, a repayment holiday and the ability to redraw repayments for a fee through an application.
  • Fixed interest rate loan. Your interest rate can be fixed for up to 10 years with Newcastle Permanent and this loan attracts no ongoing fees. You can also make up to $25,000 of additional repayments in a year, but cannot access redraw facilities.
  • Equity loan. You can borrow up to 90% of the property value and no repayments are required until you have reached your limit of preapproved funds. You can also use the equity loan as an all in one account and reduce the interest you pay.

Benefits of Newcastle Permanent Premium Plus Package home loans

You can choose to make interest-only repayments on any Newcastle Premium loan for up to five years, and up to 10 years on a fixed rate loan. You can also add a Premium Plus package to your mortgage, which for an annual fee includes:

  • The option to choose a variable interest rate loan, a line of credit or both.
  • Allows additional repayments.
  • Includes a 100% offset account.
  • No minimum redraw amount, but you will need to give 24 hours notice of needing the funds.
  • Discounts on insurance from Newcastle Premium.
  • Higher interest rates on Newcastle Premium savings and investment accounts.

If you are looking for an alternative to the big banks, their big interest rates and their seemingly endless array of fees, then you may want to consider Newcastle Permanent. A mutual financial institution is run for the members in every way and you are able to vote on the management of the institution, see direct savings in your financial products when the institution makes a profit and enjoy a more personal approach to your finances.

About a newcastle permanent building society home loan

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This page was last modified on 12 September 2016 at 17:19.

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4 Responses to Newcastle Permanent Building Society

  1. Default Gravatar
    Josephine | October 5, 2014

    I wish to purchase a property at Batlow NSW the question I have is with $50,000 cash and the property being 130,000 will you lend a 60 year old person on the DSP pension money for a home loan.

    • Staff
      Shirley | October 7, 2014

      Hi Josephine,

      Thanks for your question.

      These types of applications are usually handled on a case by case basis. Newcastle Permanent will have a look at how much you receive from DSP pension and how permanent the payment is. I’d recommend that you get in touch with them directly to discuss your options and eligibility.


  2. Default Gravatar
    Tamar | January 28, 2014

    my husband and i are both 52 this year and looking at better home loan. we are currently with NAB on a variable rate of 5.42%. we are looking at selling our home in the next 2 years , we wish to rebuild and invest in another property . we are self employed since 1994 . which home loan would you recommend

    • Staff
      Marc | January 28, 2014

      Hi Tamar,
      thanks for the question.

      Unfortunately I’m not able to recommend specific loan products. I’d recommend reading our refinancing guide to learn more about how to compare loans when refinancing so you can decide on a good home loan.

      I hope this helps,

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