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Newcastle Permanent Building Society
Get a fair go with a mortgage from Newcastle Permanent Building Society.
Home Loans
Guides & Help
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On this page you can find information about Newcastle Permanent home loans. Skip ahead to the full table of products or read more about the lender.
Newcastle Permanent's lowest rate for...
- Home buyers. The Newcastle Permanent Building Society Premium Plus Package Fixed Rate - 1 Year Fixed (Owner Occupier, P&I) has a 2.28% p.a. interest rate and lets you borrow up to 95%.
- Investors. The Newcastle Permanent Building Society Premium Plus Package Fixed Rate - 2 Year Fixed (Investor, P&I) has a 2.69% p.a. interest rate and lets you borrow up to 95%.
Compare Newcastle Permanent home loans
Compare Newcastle Permanent home loan products below and hit "load more" to see a fuller selection of loans. "Go to site" will direct you to Newcastle Permanent's website for the product you selected. You can also find more information on each individual product by clicking "more info".
Newcastle Permanent lender profile
- Newcastle Permanent has been operating for over 100 years and now has $11 billion in assets. They have a network of branches in and around the Newcastle area, plus strong online and phone support.
- Newcastle Permanent is a building society, which means it has members rather than customers. As a member you reap the rewards of a profitable financial institution through lower fees and interest rates.
- Newcastle Permanent reinvests a portion of its profits into community and charitable causes.
Newcastle Permanent mortgage features
Newcastle Permanent has multiple home loans for investors and owner occupiers, with fixed and variable rates.
| Feature | Details |
|---|---|
| Deposit size | You can borrow up to 90% with many Newcastle Permanent mortgages, and even 95% on some. |
| Split rate | Most Newcastle Permanent mortgages allow you to split your loan into fixed and variable portions. |
| Interest only | The Newcastle Permanent Premium Plus Package Fixed Rate and the Newcastle Permanent Premium Plus Package Variable both have interest only rates for investors and owner occupiers. |
| Package benefts | Newcastle Permanent's Premium Plus Package loans let you combine a mortgage with an offset account and credit card, plus car and personal loans for a single annual fee (this saves you money on fees for the individual products, which is beneficial if you actually use them). |
| Redraw | Most Newcastle Permanent loans have a redraw facility. |
How do I apply for a Newcastle Permanent mortgage?
Clicking "Go to Site" on Newcastle Permanent's comparison table will start your application process and redirect you through to Newcastle Permanent's website.
Eligibility
Each Newcastle Permanent product have specific eligibility criteria but some will apply to all products. For example:
- Age. You must be over 18 years of age.
- Residency. You should be a resident of Australia.
- Employment. You should have a regular source of income.
Documents required
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:
- Identification documents. You will need identification such as a driver's license, passport or birth certificate.
- Proof of income documents. Recent payslips can establish your income.
- Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
Detailed guide to home loan applications and paperwork
Looking for more mortgage options?
- Online lenders. Compare more mortgages from online lenders.
- Big Four banks. Check out home loan rates from Australia's Big Four banks.
- Investors. Compare loans for property investors.
- Mortgage brokers. Find out how to get free, expert guidance from a mortgage broker.
More guides on Finder
-
Newcastle Permanent Premium Plus Package Fixed Rate
A review of Newcastle Permanent's Premium Plus Package Fixed Rate home loans.
-
Newcastle Permanent Real Deal Home Loan
Reduced interest rates and no fees could make the Newcastle Real Deal home loan a money saving option in your home mortgage search.
-
Newcastle Permanent Fixed Rate Home Loan
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.
-
Newcastle Permanent Premium Plus Package Home Loan
Enjoy a range of discounts on your home loan with the Newcastle Permanent Premium Plus Package.
Home Loan Offers
Important Information*Ask an Expert
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