Newcastle Permanent Premium Plus Package Home Loan

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.

No reviews yet. Write a review
Avatar

By

Richard Whitten

Updated

Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

About this loan

What are the features and benefits of the Newcastle Permanent Premium Plus Package Home Loan?

  • 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.

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.

  1. Newcastle Permanent Premium Plus Package Home Loan information page
  2. Newcastle Permanent Premium Plus Package Home Loan TMD

Ask an expert

To ask a question simply log in via your email or create an account.

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, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

8 Comments

    Default Gravatar
    Michelle
    April 20, 2017

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

    Reply
      AvatarFinder
      Dee
      April 25, 2017

      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

      Reply
    Default Gravatar
    Ads
    January 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

    Reply
      AvatarFinder
      Dee
      January 16, 2017

      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, you can also check and compare other interest-only home loans featured on our website.

      If you’ll refinance at more than an 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

      Reply
    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?

    Reply
      AvatarFinder
      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.

      Reply
    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.

    Reply
      AvatarFinder
      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.

      Reply
Go to site