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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.
Refinance cashback offer
Borrowers switching to an eligible Newcastle Permanent home loan can receive a $2,000 cashback for a limited time. To qualify, you need to refinance a loan amount of $250,000 or more with an LVR of 80% or lower. This offer is available for customers refinancing owner-occupier and investor loans. The offer ends on 30 November and your loan must be funded by 31 January 2021.
|Product Name||Newcastle Permanent Building Society Premium Plus Package Home Loan|
|Interest Rate Type||Variable|
|Comp Rate^ (p.a.)|
|Maximum Loan Term||30 years|
|Maximum Insured LVR||95%|
|Mortgage Offset Account||Yes|
|Mortgage 100% Offset||Yes|
|Loan Redraw Facility||Yes|
|Split Loan Facility||Yes|
|Fixed Interest Option||Yes|
|Suitable for Investment||Yes|
|Available as equity loan/line of credit||No|
|Repayment Type||Principal & Interest and Interest Only Options|
|Ongoing Fees||$395 p.a.|
- 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
- A $395 annual package fee applies
- An ongoing fee of $395
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.