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Newcastle Permanent personal loans
As part of NGM Group, one of Australia’s largest customer-owned banks, Newcastle Permanent has been helping customers for 120 years. They offer a range of financial products for individuals and businesses, including personal loans. To see if you can afford a Newcastle Permanent personal loan, you can use a personal loan calculator.
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Why choose Newcastle Permanent
Newcastle Permanent Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of a Newcastle Permanent personal loan
Newcastle Permanent personal loans have a fixed rate and can either be secured to an asset, like a vehicle or property, or unsecured. Borrowers can take out a Newcastle Permanent personal loan for periods between one and seven years.
A Newcastle Permanent personal loan offers a range of attractive features, including flexible repayments and no penalties for paying out the loan early. The flexible repayment schedule means that you can make weekly, fortnightly or monthly repayments. This feature is useful as the more frequently you make repayments, the less interest you’ll end up paying in the long run.
Being able to pay out the loan early without penalty is also a plus. It means you can make extra repayments along the way, and if you can afford to pay off the loan early, you can save on the total amount of interest you would otherwise have to pay. There’s no redraw facility attached to these loans, so any extra repayments cannot be re-accessed once paid into the loan.
Newcastle Permanent personal loans can be used for a range of different purposes including:
- New and used cars
- Motorcycles
- Boats
- Student loans
- Debt consolidation
- Renovations
- Shares
- Holidays
- Medical bills
- Weddings and events
Newcastle Permanent personal loans – customer service
Customers looking to contact Newcastle Permanent customer service can call the bank, send an online enquiry form or pop into a branch in NSW. Borrowers can also contact customer service via:
- Online enquiry
- Phone, Mon-Fri 8am-8pm and Sat-Sun 8am-4pm (AEST)
- Branch
Who is eligible for a Newcastle Permanent personal loan?
To be eligible for a Newcastle Permanent personal loan, you’ll need to meet the following criteria:
- Be at least 18 years old
- Be an Australian citizen, permanent resident or have a valid visa
- Have a regular income
How to apply for a Newcastle Permanent personal loan
To apply for a Newcastle Permanent personal, borrowers can enquire online or in branch if you’re in the Hunter area of NSW. The application process is simple and involves the following steps:
- Once you’ve compared and selected a personal loan, make an enquiry through the Newcastle Permanent website
- Once you’ve submitted your application, Newcastle Permanent will review your application and reply within two to five business days
- If your application is approved, a Newcastle Permanent personal loan representative will take you through the next steps
- Upon final approval, you can accept your contract online and the funds will be credited to your loan account
At the time of application, you’ll need to provide the following documentation:
- Proof of identity
- Proof of income and employment including payslips
- Details of any other financial commitments
Newcastle Permanent personal loans review
Whether it’s a holiday, car, wedding or renovation, Newcastle Permanent personal loans can be used for a variety of purposes which make them appealing to a wide range of borrowers. Borrowers can choose between weekly, fortnightly or monthly repayments.
Borrowers looking for a personal loan can choose a secured, partially secured or an unsecured loan though Newcastle Permanent. Borrowers looking for certainty in their repayment amounts will benefit from the fixed interest rates offered across all Newcastle Permanent personal loans.
When it comes to interest rates, the rate for a secured personal loan is moderately low, while the rate for the partially secured and unsecured personal loan is moderate. While there are no ongoing account-keeping fees, no early repayment penalties and no restrictions on additional repayments, there’s a higher-than-average upfront establishment fee, missed payment fee and a substitution of security fee.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
