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Review by
Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds an ASIC-recognised Tier 1 Generic Knowledge certification.
The Newcastle Permanent Premium Plus Package Fixed Rate is a great option for owner occupiers and investors if you need additional products but don’t want to fork out too much extra. This home loan offers a discount on its fixed interest rate when you take out a package, in exchange for an annual package fee instead. If you like to do all of your banking in one place and you’re in the market products like a car loan or personal loan, you can get reduced rates there too.
Although you might be worried about the $395 annual fee, there are no other fees to consider. It’s important to work out the savings you would make from the packaged products to see if the annual fee is worth it. But if it is, you’ll also benefit from being able to pay an extra $25,000 a year towards your home loan as well as being able to redraw from your additional repayments.
If the Newcastle Permanent Premium Plus Package Fixed Rate sounds like it meets your home-loan needs, click the button below to be taken to Newcastle Permanent's website where you'll be guided through the application process.