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Newcastle Permanent Personal Loan
Borrow from $1,000 up to $40,000 with terms up to 7 years. Costs include interest charges and application fees.
This personal loan from Newcastle Permanent comes with a fixed interest rate and borrowing amounts from $1,000 up to $40,000. Loan terms range up to 7 years. As interest rates are fixed, your repayments will remain constant over the lifetime of your loan. This makes it easier to budget and predict repayments. How much interest you will pay depends on whether you offer security. You can also partially secure the loan or opt for an unsecured loan. The interest rate for a secured loan starts from 5.89% p.a., with a comparison rate of 7.60% p.a. For both partially secured and unsecured loans, the rate is 8.99% p.a., with a comparison rate of 10.73% p.a. While there are no ongoing monthly fees, an application fee of $250 will apply.
From 5.89% (variable)
Interest Rate (p.a.)
7.60%
Comparison Rate (p.a.)
$1,000
Min Loan Amount
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Details
| Product Name | Newcastle Permanent Unsecured Loan |
|---|---|
| Interest Rate (p.a.) | From 8.99% (fixed) |
| Comparison Rate (p.a.) | 10.73% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $1,000 |
| Max. Loan Amount | $40,000 |
| Loan Security | Unsecured |
Main points to consider with the Newcastle Permanent personal loan
This personal loan can be secured, partially secured or unsecured. The interest rate for secured loans depend on the security you attach. Secured loans come with an interest rate of 5.89% p.a. while partially secured and unsecured loans come with interest rates from 8.99% p.a.
You can apply with a minimum loan amount of $1,000. Your maximum loan amount will be $40,000 as a home owner and $20,000 as a non-home owner. You'll have up to 7 years to repay. You can make additional repayments at any time.
Features of the Newcastle Permanent personal loan
The following are some of the features of this personal loan:
- Flexible loan options. You're able to use this loan for any worthwhile purpose.
- Competitive fixed rates. This loan comes with a fixed interest rate starting from a competitive 5.89% p.a. depending on the security you provide.
- Make additional repayments. You can make additional repayments without incurring any penalties.
- Loan terms. The loan terms range from 1 to 7 years.
- Varied loan amounts. You can apply with a minimum amount of $1,000 - maximum loan amount as a home owner is $40,000 and $20,000 as a non-home owner.
- Flexible repayments. You can make repayments weekly, fortnightly or monthly.
- Varied payment options. You can choose to make payments through a direct debit from your salary or through an automatic bank transfer from your nominated bank account.
- Fees. A $250 application fee applies with this loan. You will pay no ongoing fees.
How to apply for a Newcastle Permanent personal loan
In order to figure out whether this loan is right for you, click on "Go to Site" and ensure you meet the following criteria:
- Be 18 years of age or older.
- Be a permanent resident or citizen of Australia. You can also apply for this loan if you are a New Zealand passport holder and reside in Australia.
- This loan must not be for business purposes.
Some of the documents you need to provide include the following:
- Proof of ID. This includes your Australian driver's licence, your Medicare card or your passport.
- Payslips from your employer
- Details of your income, assets and liabilities.
Once you have submitted your application, you will receive a reply within two to five business days. If your application is approved, a Newcastle Permanent personal loan representative will contact you to guide you through the next steps.
With flexible repayments and varied loan terms, this personal loan is one to consider if you're looking for extra funds, although you should compare other personal loans before making a final decision.
