Newcastle Permanent Premium Plus Package Home Loan

Rates and fees last updated on

Enjoy a range of discounts on your home loan with the Newcastle Permanent Premium Plus Package

The Newcastle Permanent Premium Plus Package Home loan has a low variable rate and many additional features designed to help you save money when paying off your home loan. It offers discounts on interest rates, as well as on other banking and finance products, in exchange for an annual fee.

New customer special offer

For a limited time, Newcastle Permanent is offering discounts off Premium Plus Package Tier 4 variable rate home loans for owner occupiers..

Customers applying for a Premium Plus Package loan for investment purposes are also eligible for a Tier 4 Premium Plus Package discount (if the loan has an LVR of less than 80% with principal and interest repayments).

Discounts vary and you must meet eligibility criteria.

Interest Rate Max Insured LVR Max LVR
New Customer Offer ($150,000+ Owner Occupier, IO)
4.19% p.a.
Comparison Rate
4.36% p.a.
80% 80%
New Customer Offer ($150,000+ Owner Occupier, P&I)
3.74% p.a.
Comparison Rate
4.12% p.a.
80% 80%
Special Offer ($150,000+ Owner Occupier, P&I)
3.84% p.a.
Comparison Rate
4.22% p.a.
95% 80%
Tier 1: below $500k (P&I)
4.57% p.a.
Comparison Rate
4.94% p.a.
80% 80%
Tier 1: Up to $500,000 (IO)
5.02% p.a.
Comparison Rate
5.08% p.a.
80% 80%
Tier 2: Over $500k (IO)
4.97% p.a.
Comparison Rate
5.03% p.a.
80% 80%
Tier 2: Over $500k (P&I)
4.52% p.a.
Comparison Rate
4.89% p.a.
95% 80%
Tier 3: Over $750k (IO)
4.87% p.a.
Comparison Rate
4.93% p.a.
80% 80%
Tier 3: Over $750k (P&I)
4.42% p.a.
Comparison Rate
4.79% p.a.
95% 80%
Tier 4: Over $900k (IO)
4.82% p.a.
Comparison Rate
4.88% p.a.
80% 80%
Tier 4: Over $900k (P&I)
4.37% p.a.
Comparison Rate
4.74% p.a.
95% 80%
Product NameNewcastle Permanent Building Society Premium Plus Package Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$395 p.a.
Settlement Fee$85
Discharge Fee$0

Pros

  • There is $0 application fee to pay
  • You can link a 100% offset account to your loan
  • Receive additional discounts on various insurance policies with this package

Cons

  • A $395 annual package fee applies

Features of the Newcastle Permanent Premium Plus Package Home Loan

The Newcastle Permanent Premium Plus Package Home loan offers many features in addition to the low variable interest rate:

    • Flexible repayments. The Newcastle Permanent Premium Plus Package Home loan allows you to choose between weekly, fortnightly and monthly repayments. You can also choose to pay the interest-only portion of your repayments for a number of years. This is a great feature if you would like to free up some money for other expenditures.
    • Additional repayments. The Newcastle Permanent Premium Plus Package Home loan allows you to make additional repayments whenever you like. There is no charge on these payments as long as the loan is not paid in full in the first four years. If you do repay the loan in the first four years, you will be charged an early payment fee. If you decide to take advantage of the additional repayment facility, you can also redraw the money at any time. The Newcastle Permanent Premium Plus Package Home loan allows you to make as many redraws as you would like for no charge.
    • Repayment holiday. If you make these additional payments, choose to pause your repayments for a period of time. This can help in the event of financial hardship or a major life change.
    • Mortgage offset account. The mortgage offset account allows you to reduce the interest payable on your home loan by the amount held in your account. This is a great way to reduce the interest you pay, and pay off your home loan sooner.
    • Discounts on loans and insurance. You'll pay no application fees for car loans and personal loans with Newcastle Permanent as part of this deal. You'll also get discounts on some of the insurance products offered by The Newcastle Permanent, including:
  • A 5% discount on Comprehensive Car Insurance.
  • A 10% discount on Home and Contents Insurance.
  • A 10% discount on Landlords Insurance.
  • A 10% discount on Travel Insurance.

Calculate your repayments by filling in some of your details

How to apply

The additional packages that can be added onto loans are a great way of reducing the total amount you pay. These additional packages often offer discounts on interest rates, additional features and free accounts. The Newcastle Permanent Premium Plus Package Home loan offers all of these while providing you with one of the best interest rates on the market. Please contact us to find out more about this home loan.

Was this content helpful to you? No  Yes

Related Posts

This page was last modified on 14 August 2017 at 2:11pm.

Ask an Expert

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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

8 Responses

  1. Default Gravatar
    MichelleApril 20, 2017

    Hi, can you tell me what the early payment fee is if you pay a mortgage out within 4 years please.

    • Staff
      AnndyApril 25, 2017Staff

      Hi Michelle,

      Thanks for your question.

      The Newcastle Permanent Premium Plus Package Home Loan charges early payment fee if you repay the loan in the first four years. The amount or rate for the early repayment fee is not clearly stipulated in the features of this loan. You may have to directly get in touch with Newcastle for the actual quote.

      Cheers,
      Anndy

  2. Default Gravatar
    AdsJanuary 7, 2017

    Hi,

    Do you offer a 95% LVR with interest only repayments? If so what would be the interest rate?

    Additionally if I have already paid LMI with my current financial institution, will I have to pay this again to transfer the loan to Newcastle Permanent?

    Thanks

    • Staff
      AnndyJanuary 16, 2017Staff

      Hi Ads,

      Thanks for your question.

      The maximum LVR for Newcastle Permanent Premium Plus Package Home Loan is 90% with principal & interest and interest only options. If you are interested to compare other interest-only home loans, you can refer to this page.

      If you’ll refinance at more than 80% LVR ratio for the new mortgage, you might end up paying Lender’s Mortgage Insurance (LMI) again. You can directly call Newcastle to confirm this.

      I hope this helps.

      Cheers,
      Anndy

  3. Default Gravatar
    SudhindraJune 6, 2016

    Max LVR: 90% for NPBS Premium Plus Package Home Loan? Does it mean that no LMI till 90%? Or is it just a mistake?

    • Staff
      MarcJune 7, 2016Staff

      Hi Sudhindra,
      thanks for the question.

      The 90% maximum LVR will still require LMI. Borrowing over 80% with any lender will require LMI to be paid.

      I hope this helps,
      Marc.

  4. Default Gravatar
    StevSeptember 9, 2015

    Hi, I am currently with Ubank variable home loan with 4.09%. may i ask is it worthwhile refinance from Ubank to Newcastle Permanent despite the same is of 4.09%. but newcastle offer $2000 cashback. hope you can help. thanks.

    • Staff
      MarcSeptember 10, 2015Staff

      Hi Stev,
      thanks for the question.

      Unfortunately I’m not able to comment on whether it’s worth refinancing to the Newcastle Permanent Premium Plus Package. I would recommend comparing both loans and their features to make sure moving to the Newcastle Permanent home loan still offers you what you want out of a home loan. Note that there are a number of differences between the loans e.g the UBank UHomeLoan Variable has no annual fee, and the Newcastle Permanent Premium Plus has an annual fee of $375.

      I hope this helps,
      Marc.

Newcastle Permanent Building Society Premium Plus Package Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR

    80%

Ask a question
feedback