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Newcastle Permanent is a member-owned building society based in Newcastle, NSW. Check out the full table of Newcastle Permanent products below or read more about the lender and its loans.
Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".
Review by our senior home loans writer Richard Whitten
Here are the key features and details you need to know about Newcastle Permanent's mortgage products.
| Feature | Details |
|---|---|
| Minimum deposit | Many Newcastle Permanent loans have 80% maximum LVRs. This means you can borrow up to 80% with a Newcastle Permanent mortgage. But it also has many options for borrowers with 5-10% low deposits (that is, deposits below 20%). |
| Offset account | Some Newcastle Permanent loans come with offset accounts, including its variable rate package home loans. |
| Fees | Newcastle Permanent loans have minimal fees, but package loans do come with an annual package fee. |
| Repayment options | Both Newcastle Permanent's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans. |
Clicking "Go to Site" on Newcastle Permanent's comparison table will start your application process and redirect you through to Newcastle Permanent's website.
Each Newcastle Permanent product has specific eligibility criteria but some will apply to all products. For example:
When you apply for a mortgage with Newcastle Permanent you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
Detailed guide to home loan applications and paperwork
A review of Newcastle Permanent's Premium Plus Package Fixed Rate home loans.
Reduced interest rates and no fees could make the Newcastle Real Deal home loan a money saving option in your home mortgage search.
The Newcastle Permanent Fixed Rate Home Loan offers fixed terms between 1-10 years. It also has no annual or monthly fees and allows extra repayments.
Enjoy a range of discounts on your home loan with the Newcastle Permanent Premium Plus Package.
Sign up for our FREE 8-week course to get on the property ladder.
Get a cash lump sum of $2,000+ for refinancing to a low-rate loan.
Pay less for your home loan with a super-low interest rate.
Save on your investment loan with these hot offers.
Do you do reverse mortgages? My son is wanting to do major repairs to his home and has asked if my husband and I could get a reverse mortgage. We currently owe $21,000.00 on our home which is valued at about $750,000. We would be needing a reverse mortgage for $100,000.00.
Hi Lesley,
Thanks for your comment and I hope you are doing well.
Newcastle doesn’t offer reverse mortgages at this time. You may instead refer to our list of reverse mortgages. You will find a table that compares the features and benefits of each home loan provider such as max loan rate, interest and etc. This way it will be easier for you to see which provider fits you best. You can also click the compare box beside each loan option and compare up to 4 options side by side for easier comparison. We recommend that you seek financial advice and evaluate all of your options to ensure that you make a decision that’s right for your own individual circumstances. Remember, it is important to read the information provided by the lenders such as their terms of use, privacy policy, and disclosures before making any decisions.
It is also a good idea to speak to a mortgage broker to get professional, personalized advice. Mortgage brokers are professionals who sort through hundreds of loans in the market so borrowers don’t have to. A mortgage broker’s service is usually free because they earn a commission from the lender. A good mortgage broker can make life easier and they can help borrowers in difficult circumstances to find a home loan that matches their situation.
Hope this helps and feel free to reach out to us again for further assistance.
Cheers,
Nikki
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.
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.
Cheers,
Shirley
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
Hi Tamar,
Thanks for the question.
You may refer to our guide on refinancing home loan to learn more about your options and decide on a good home loan.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
I hope this helps,
Marc