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Newcastle Permanent home loans

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

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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.

Compare Newcastle Permanent home loans for June 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".

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Newcastle Permanent logo
Principal & Interest20% min. depositOwner-occupierOffset account
Newcastle Permanent logo
Principal & Interest20% min. depositOwner-occupierOffset account
Go to site
Product NameNewcastle Permanent Real Deal Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.6.23%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.19%
Comparison Rate
6.23%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$919
Go to siteMore Info
Newcastle Permanent logo
Principal & Interest20% min. depositInvestmentOffset account
Newcastle Permanent logo
Principal & Interest20% min. depositInvestmentOffset account
Product NameNewcastle Permanent Real Deal Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.39%
Comp. Rate p.a.6.43%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.39%
Comparison Rate
6.43%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$939
More Info
Newcastle Permanent logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Newcastle Permanent logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Product NameNewcastle Permanent Premium Plus Package Fixed Rate
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.7.76%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
5.99%
Comparison Rate
7.76%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$900
Newcastle Permanent logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Newcastle Permanent logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Product NameNewcastle Permanent Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.8.04%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.09%
Comparison Rate
8.04%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$909
Newcastle Permanent logo
Principal & Interest5% min. depositOwner-occupierOffset account
Newcastle Permanent logo
Principal & Interest5% min. depositOwner-occupierOffset account
Product NameNewcastle Permanent Real Deal Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.84%
Comp. Rate p.a.6.88%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.84%
Comparison Rate
6.88%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$983
More Info
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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?

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Written by

Marc Terrano

Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money. See full profile

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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

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