Finder makes money from featured partners, but editorial opinions are our own.

Newcastle Permanent home loans

Newcastle Permanent has home loans for owner-occupiers and investors, with rates starting from 5.99%.

No reviews yet. Write a review

Newcastle Permanent is a member-owned based in Newcastle, NSW. Check out the full table of Newcastle Permanent products below or read more about the lender and its loans.

  • Online Refinance cashback offer

    Eligible borrowers who switch to Newcastle Permanent via an online application can get a $3,000 cashback.

    To qualify, you must refinance a home loan amount of at least $250,000 with an LVR of 80% or lower. There is a limit of one cashback, regardless of the number of borrowers. This offer is subject to terms and conditions and can be withdrawn at any time.

Compare Newcastle Permanent home loans for May 2024

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".

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"SAMPLE_COMPARISON_V2_TEMPLATE","nicheCode":"AUFHL","fields":[{"name":"LOAN_AMOUNT","value":"150000","options":"","label":" Borrowing amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"30","options":"","label":"Period","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest20% min. depositOwner-occupierOffset account
Interest Rate
6.09%
Comparison Rate
6.13%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$909
More Info
$3,000 refinance cashback offer
Eligible refinancers who apply online and borrow $250K+ (LVR 80% or lower) can get a $3,000 cashback. Terms and conditions apply.
Principal & Interest20% min. depositInvestmentOffset account
Interest Rate
6.24%
Comparison Rate
6.28%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$924
More Info
$3,000 refinance cashback offer
Eligible refinancers who apply online and borrow $250K+ (LVR 80% or lower) can get a $3,000 cashback. Terms and conditions apply.
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Interest Rate
5.99%
Comparison Rate
7.76%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$900
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Interest Rate
6.09%
Comparison Rate
8.04%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$909
Principal & Interest5% min. depositOwner-occupierOffset account
Interest Rate
6.74%
Comparison Rate
6.78%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$973
More Info
loading
Showing 5 of 14 results

Newcastle Permanent key facts

  • Newcastle Permanent's fixed package home loans are its most competitive rates.
  • Newcastle Permanent has online banking and branches across NSW.
  • You need a 20% deposit for some Newcastle Permanent home loans, but it does have options for borrowers with smaller deposits.

Review by our senior home loans writer Richard Whitten

Newcastle Permanent home loan features

Here are the key features and details you need to know about Newcastle Permanent's mortgage products.

FeatureDetails
Minimum depositMany 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 accountSome Newcastle Permanent loans come with offset accounts, including its variable rate package home loans.
FeesNewcastle Permanent loans have minimal fees, but package loans do come with an annual package fee.
Repayment optionsBoth 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.

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 has 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 licence, 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?

More guides on Finder

Ask a Question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

6 Responses

    Default Gravatar
    LesleyJanuary 14, 2020

    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.

      Default Gravatar
      NikkiJanuary 16, 2020

      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

    Default Gravatar
    JosephineOctober 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.

      AvatarFinder
      ShirleyOctober 7, 2014Finder

      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

    Default Gravatar
    TamarJanuary 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

      AvatarFinder
      MarcJanuary 28, 2014Finder

      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

Go to site