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Newcastle Permanent Building Society
Posted May 24th, 2010
and last modified May 2nd, 2012
Newcastle Permanent are a mutual retail financial service – like a credit union or building society – which means they have members not customers, and as a member you reap the rewards of a profitable financial institution through lower fees and interest rates, rather than the profits going to shareholders of a bank as dividends.
Featured Newcastle Permanent Building Society Home Loan
Newcastle Permanent Building Society offers a low interest rate with no ongoing fee. Split your home loan with no extra fee.
- Interest Rate of 5.89%
- Comparison Rate of 6.54%
- Application Fee of $500
- Maximum LVR With LMI: 95%
- Minimum Borrowing: $10,000
- Maximum Borrowing: $10,000,000
Compare Newcastle Permanent Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Newcastle Permanent Fixed Rate Home Loan – 2 Year Fixed Rate |
Fix your home loan for 2 years with a low interest rate and a low ingoing fee. | 5.89% | 6.54% | $500 / $0 | 95% | $10,000 / $10,000,000 |
 
|
Newcastle Permanent Premium Plus Package Home Loan |
A low interest rate home loan with no monthly fee. | 6.03% | 6.35% | $0 / $350 | 95% | $5,000 / $10,000,000 |
|
Features of Newcastle Permanent Home Loans
Each Newcastle Permanent home loan is a very inclusive product, it is the details of the interest rate or the loan structure which allows you to tailor a product to suit your home buying or investing needs. You can choose from:
- Basic variable home loan. Newcastle Permanent charges no ongoing fees on their basic variable home loans, and allows additional repayments to help you clear your loan sooner. You can also take a repayment holiday and redraw your additional repayments for a fee, after completing an application. You can also link to a partial offset account.
- Introductory low interest rate. You will receive a discount off of the standard variable rate for the first year of your loan. The introductory rate loan is also free of account keeping fees and allows for additional repayments, a repayment holiday, includes a partial offset, and redraw for a fee through an application.
- Premium variable rate loan. The premium options of this loan include a 100% offset account, additional repayments, a repayment holiday and the ability to redraw repayments for a fee through an application.
- Fixed interest rate loan. Your interest rate can be fixed for up to 10 years with Newcastle Permanent and this loan attracts no ongoing fees. You can also make up to $25,000 of additional repayments in a year, but cannot access redraw facilities.
- Equity loan. You can borrow up to 90% of the property value and no repayments are required until you have reached your limit of preapproved funds. You can also use the equity loan as an all in one account and reduce the interest you pay.
Benefits of Newcastle Premium Home Loans
You can choose to make interest only repayments on any Newcastle Premium loan for up to five years, and up to 10 years on a fixed rate loan. You can also add a Premium Plus package to your mortgage, which – for an annual fee – includes:
- The option to choose a variable interest rate loan, a line of credit or both.
- Allows additional repayments.
- Includes a 100% offset account.
- No minimum redraw amount, but you will need to give 24 hours notice of needing the funds.
- Discounts on insurance from Newcastle Premium.
- Higher interest rates on Newcastle Premium savings and investment accounts.
If you are looking for an alternative to the big banks, their big interest rates and their seemingly endless array of fees, then you may want to consider Newcastle Permanent. A mutual financial institution is run for the members in every way and you are able to vote on the management of the institution, see direct savings in your financial products when the institution makes a profit and enjoy a more personal approach to your finances.
Related Posts
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Wouldn’t it be handy to have a home loan that let you dip in and out of your equity whenever you needed some extra cash? Well now you can by taking a Newcastle Permanent Real Equity Home Loan. But how does the product work, and are there any risks to this kind of home loan product? - Newcastle Permanent Premium Variable Rate Home Loan
Choose the Premium Variable rate loan from Newcastle permanent as it offers home owners a wide spectrum of flexible features. Take advantage of redraw and split facilities, as well as the possibility of obtaining a 95% home loan. A 100% offset mortgage account and loan portability are available, while account holders could also arrange for a possible repayment holiday. A Zero establishment fee and current variable interest rate of 7.59% per annum applies. - Newcastle Permanent Real Deal Home Loan
The Real Deal Home Loan offered by Newcastle Permanent is designed for people seeking to purchase a home with a low ongoing interest rate. This will allow for large savings on the home loan over the long-term. The Real Deal loan also allows flexible options such interest only repayments for 5 years as well as additional repayments for those wanting to pay the home loan off quicker. Take advantage of the promotional offers including the 6.97% p.a. variable interest rate compared to the 7.01% p.a. currently offered in the rest of the industry. - Newcastle Permanent Intro Rate Home Loan
The Intro Rate Home Loan from Newcastle Permanent offers a big discount of 0.70% interest per annum for the first year of the loan. It is ideal for individuals who wish to make regular additional repayments in the year in order to reduce the balance quickly. Use this variable interest rate home loan to purchase a new home, renovate or refinance an existing home. Borrow up to 95% Loan to Value Ratio (LVR) and enjoy zero account maintenance fees. With flexible repayment frequencies, interest rates and split loan alternatives with optional repayment holidays available, this home loan is as comprehensive as one can get. - Newcastle Permanent Home Loans and Mortgages
With over 9 different home loan options available to clients, you will find a suitable match from one the Newcastle Permanent Home Loans and Mortgages on offer. Whether you want to purchase, invest, refinance or simply need a bridging loan, Newcastle Permanent will be able to assist. Take advantage of the various loan promotions on offer such a 0.25%p.a. interest rate discount on the Real Deal home loan, and a 0.85%p.a. interest rate discount on the Premium Variable home loan to name a few. New applicants may also benefit from fee waivers and other promotional offers. - Newcastle Permanent Fixed Rate Home Loan
Whilst those with a variable rate home loan will benefit from any falls in national interest rates, they’re also at risk of being stung by any unexpected rises in rates. Newcastle Permanent is offering you a way to protect yourself from any rate changes by giving you access to a new fixed rate home loan deal. Introducing the Fixed Rate Home Loan from Newcastle Permanent. - Newcastle Permanent Bridging Home Loan
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Non bank lenders are known to offer much better rates and deals than the High Street lenders, but how does Newcastle Permanent’s Real Options Home Loan fare against the opposition? Read on to find out whether the mutual building society has another hit on it’s hands. - Newcastle Permanent Premium Plus Package LOC $750k plus
If you are considering borrowing more than $750,000 you may want to look at the Newcastle Permanent Premium Plus Package LOC $750k plus home loan. The loan offers a great interest rate and a variety of features that will help you pay off your loan fast. Read this article to find out more. - Newcastle Permanent Premium Plus Package LOC $500k - $750k
Are you considering a line of credit loan but am put off by the limited amount of features that are offered. The Newcastle Permanent Premium Plus Package LOC $500k - $750k offers you a line of credit loan with a reduced interest rate and additional discounts. Read this article to find out more. - Newcastle Permanent Real Equity
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A basic home loan with a great rate is often a very safe option for people looking for a loan. The Newcastle Permanent Real Deal Home Loan offers all of this and a discounted interest rate. To find out more read this article. - Newcastle Permanent Premium Plus Package LOC
If you are looking for a line of credit loan with low interest rates you should have a look at the Newcastle Permanent Premium Plus Package LOC home loan. This loan offers you all of the features of a line of credit loan with a discounted interest rate. Read this article to find out more. - Newcastle Permanent Premium Plus Package Home Loan
If you would like one of the best interest rates available and a great home loan package the Newcastle Permanent Premium Plus Package Home loan may be the loan for you. Read this article to find out more and start saving today. - Newcastle Permanent Premium Plus Package >$750k
If you are borrowing large amounts of money to buy your home you may want to look at the Newcastle Permanent Premium Plus Package >$750k. This loan offers special features such as a split loan facility to reward people who are going to stay with the provider for a while. Read this article to find out more. - Newcastle Permanent Premium Plus Package $500k - $750k
If you are consider a large home loan and would like to take advantage of special offers the Newcastle Permanent Premium Plus Package $500k - $750k home loan may be the loan for you. Please read more to see if the Newcastle Permanent Premium Plus Package $500k - $750k home loan is for you. - Newcastle Permanent Intro Rate Home Loan
Moving into a new home can come with many upfront costs. The Newcastle Permanent Intro Rate Home Loan helps reduce the costs of moving into your new home by offering a discounted interest rate for the first year of the loan. Read this article to find out more. - Newcastle Permanent Fixed Rate Home Loan
Fixed rate home loans are a great way to secure low interest rates for an extended period of time. The Newcastle Permanent Fixed Rate Home Loan allows you to fix an interest rate for a period determined by you. With many of the additional features that the Newcastle Permanent Fixed Rate Home Loan offers, you can be sure you are getting one of the best home loans available.
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