Newcastle Permanent Premium Plus Package Home Loan

Rates and Fees verified correct on August 26th, 2016

Enjoy a range of discounts on your home loan

Many home loan providers allow you to add packages onto your loan for an added cost in exchange for special discounts on your loan. These packages are handy because you're able to choose a loan that suits you and still enjoy the package discounts . The Newcastle Permanent Premium Plus Package Home loan is one of these packages. It's a home loan with a low variable rate and many additional features designed to help you save money when paying off your home loan.

New customer special offer

Apply for a new owner occupier Premium Package Plus Home Loan of over $150,000 and receive a 0.53% discount off the Tier 4 interest rates. Offer also available to new Newcastle Permanent customers refinancing from another lender.

Terms and conditions may apply.

Interest Rate Max Insured LVR Max LVR
$1500,000+ (Investor Special)
4.07% p.a.
Comparison Rate
4.43% p.a.
80% 80%
New Customer Offer ($150,000+ Owner Occupier)
3.74% p.a.
Comparison Rate
4.10% p.a.
95% 90%
Tier 1: Up to $500,000
4.47% p.a.
Comparison Rate
4.82% p.a.
80% 80%
Tier 2: Over $500k
4.42% p.a.
Comparison Rate
4.77% p.a.
95% 90%
Tier 3: Over $750k
4.32% p.a.
Comparison Rate
4.67% p.a.
95% 90%
Tier 4: Over $900k
4.27% p.a.
Comparison Rate
4.62% p.a.
95% 90%
Product NameNewcastle Permanent Building Society Premium Plus Package Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Maximum Loan Term30 years
Maximum LVR90%
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$375 p.a.
Settlement Fee$0
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 $375 annual package fee applies

Features of the Newcastle Permanent Premium Plus Package Home Loan

Premium Plus Package Home Loan – special interest rates

For a limited time new Premium Plus Package Home Loan applicants can take advantage of the Tier 4 discounted rate. Tier 4 is usually only available for combined loan balances of over $900,000.

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

    • Flexibility in your repayments. The Newcastle Permanent Premium Plus Package Home loan allows you to choose how you repay your loan. You can choose between weekly, fortnightly and monthly repayments. In addition to the above, you are able 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 for a period of time during the loan.
    • You can make 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 of the loan. 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 you can use them to pay off the loan for a period of time. This is handy as it saves you the time of withdrawing the funds and frees up the money from your wages.
    • Mortgage offset account. When repaying a Newcastle Permanent Premium Plus Package Home loan you can reduce the interest you pay by using a mortgage offset account. The mortgage offset account will allow you to offset 100% of the money in the account onto your loan. The interest that is then charged on the loan is calculated as if these funds have been paid onto the loan. This is a great way to reduce the interest you pay on the loan.
    • 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.   These discounts include:
  • 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 at reducing the total amount you pay on the loan. 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.


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Newcastle Permanent Premium Plus Package Home Loan Interest Rate History vs RBA Cash Rate Graph


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This page was last modified on 30 April 2016 at 20:20.

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4 Responses to Newcastle Permanent Premium Plus Package Home Loan

  1. Default Gravatar
    Sudhindra | June 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
      Marc | June 7, 2016

      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.

  2. Default Gravatar
    Stev | September 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
      Marc | September 10, 2015

      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 / $375

  • Max LVR

    90%

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