Newcastle Permanent home loan repayment calculator

Thinking about taking out a home loan with Newcastle Permanent? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Newcastle Permanent home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 3.32 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Loans can be bundled with other loan products.
  • Wide range of loan products with flexible features.
  • Some loans offer discounts on the interest rate.
  • Home loans have flexible features.
  • Moderate to high interest rates.
  • Limited branch network outside of NSW.
  • Some loans have ongoing fees.

Newcastle Permanent home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

3.32%

Variable

$0

3.35%

$0
Newcastle Permanent
More details

3.32%

Variable

$595

3.36%

$0
Newcastle Permanent
More details

3.59%

Variable

$595

3.62%

$0
Newcastle Permanent
More details

3.59%

Variable

$595

3.63%

$0
Newcastle Permanent
More details

3.59%

Variable

$595

3.63%

$0
Newcastle Permanent
More details

3.59%

Variable

$0

3.94%

$395 annually
Newcastle Permanent
More details

3.59%

Variable

$0

3.98%

$395 annually
Newcastle Permanent
More details

3.64%

Variable

$0

3.99%

$395 annually
Newcastle Permanent
More details

3.64%

Variable

$0

4.03%

$395 annually
Newcastle Permanent
More details

3.69%

Variable

$0

4.08%

$395 annually
Newcastle Permanent
More details

3.24%

Fixed - 3 years

$0

4.13%

$395 annually
Newcastle Permanent
More details

3.24%

Fixed - 3 years

$0

4.15%

$395 annually
Newcastle Permanent
More details

3.58%

Fixed - 5 years

$0

4.15%

$395 annually
Newcastle Permanent
More details

3.58%

Fixed - 5 years

$0

4.18%

$395 annually
Newcastle Permanent
More details

3.58%

Fixed - 4 years

$0

4.18%

$395 annually
Newcastle Permanent
More details

3.24%

Fixed - 2 years

$0

4.19%

$395 annually
Newcastle Permanent
More details

3.24%

Fixed - 2 years

$0

4.20%

$395 annually
Newcastle Permanent
More details

3.98%

Intro 36 months

$595

4.20%

$0
Newcastle Permanent
More details

3.58%

Fixed - 4 years

$0

4.21%

$395 annually
Newcastle Permanent
More details

3.24%

Fixed - 1 year

$0

4.26%

$395 annually
Newcastle Permanent
More details

3.24%

Fixed - 1 year

$0

4.26%

$395 annually
Newcastle Permanent
More details

4.23%

Variable

$595

4.27%

$0
Newcastle Permanent
More details

3.68%

Fixed - 5 years

$0

4.28%

$0
Newcastle Permanent
More details

3.68%

Fixed - 5 years

$0

4.29%

$0
Newcastle Permanent
More details

3.34%

Fixed - 3 years

$0

4.33%

$0
Newcastle Permanent
More details

3.95%

Variable

$0

4.33%

$395 annually
Newcastle Permanent
More details

4.47%

Intro 36 months

$595

4.33%

$0
Newcastle Permanent
More details

3.34%

Fixed - 3 years

$0

4.34%

$0
Newcastle Permanent
More details

3.68%

Fixed - 4 years

$0

4.35%

$0
Newcastle Permanent
More details

3.68%

Fixed - 4 years

$0

4.35%

$0
Newcastle Permanent
More details

3.69%

Fixed - 5 years

$0

4.39%

$395 annually
Newcastle Permanent
More details

3.69%

Fixed - 5 years

$0

4.42%

$395 annually
Newcastle Permanent
More details

3.34%

Fixed - 2 years

$0

4.43%

$0
Newcastle Permanent
More details

3.49%

Fixed - 3 years

$0

4.43%

$395 annually
Newcastle Permanent
More details

3.34%

Fixed - 2 years

$0

4.44%

$0
Newcastle Permanent
More details

3.69%

Fixed - 4 years

$0

4.44%

$395 annually
Newcastle Permanent
More details

3.49%

Fixed - 3 years

$0

4.45%

$395 annually
Newcastle Permanent
More details

3.69%

Fixed - 4 years

$0

4.46%

$395 annually
Newcastle Permanent
More details

4.72%

Variable

$595

4.46%

$0
Newcastle Permanent
More details

4.44%

Variable

$0

4.49%

$395 annually
Newcastle Permanent
More details

3.49%

Fixed - 2 years

$0

4.50%

$395 annually
Newcastle Permanent
More details

3.49%

Fixed - 2 years

$0

4.52%

$395 annually
Newcastle Permanent
More details

3.79%

Fixed - 5 years

$595

4.52%

$0
Newcastle Permanent
More details

3.79%

Fixed - 5 years

$595

4.54%

$0
Newcastle Permanent
More details

4.32%

Intro 36 months

$595

4.54%

$0
Newcastle Permanent
More details

3.34%

Fixed - 1 year

$0

4.55%

$0
Newcastle Permanent
More details

3.34%

Fixed - 1 year

$0

4.55%

$0
Newcastle Permanent
More details

3.54%

Fixed - 1 year

$0

4.58%

$395 annually
Newcastle Permanent
More details

3.54%

Fixed - 1 year

$0

4.59%

$395 annually
Newcastle Permanent
More details

3.79%

Fixed - 4 years

$595

4.60%

$0
Newcastle Permanent
More details

4.57%

Variable

$595

4.61%

$0
Newcastle Permanent
More details

3.79%

Fixed - 4 years

$595

4.62%

$0
Newcastle Permanent
More details

3.59%

Fixed - 3 years

$595

4.64%

$0
Newcastle Permanent
More details

3.59%

Fixed - 3 years

$595

4.65%

$0
Newcastle Permanent
More details

4.29%

Variable

$0

4.66%

$395 annually
Newcastle Permanent
More details

4.77%

Intro 36 months

$595

4.66%

$0
Newcastle Permanent
More details

4.63%

Variable

$0

4.67%

$0
Newcastle Permanent
More details

3.59%

Fixed - 2 years

$595

4.75%

$0
Newcastle Permanent
More details

3.59%

Fixed - 2 years

$595

4.76%

$0
Newcastle Permanent
More details

5.02%

Variable

$595

4.79%

$0
Newcastle Permanent
More details

4.74%

Variable

$0

4.81%

$395 annually
Newcastle Permanent
More details

4.44%

Variable

$0

4.84%

$395 annually
Newcastle Permanent
More details

4.85%

Variable

$0

4.85%

$0
Newcastle Permanent
More details

5.12%

Variable

$0

4.86%

$0
Newcastle Permanent
More details

3.64%

Fixed - 1 year

$595

4.88%

$0
Newcastle Permanent
More details

3.64%

Fixed - 1 year

$595

4.88%

$0
Newcastle Permanent
More details

4.97%

Variable

$595

5.01%

$0
Newcastle Permanent
More details

5.34%

Variable

$0

5.05%

$0
Newcastle Permanent
More details

4.72%

Variable

$0

5.11%

$395 annually
Newcastle Permanent
More details

5.19%

Variable

$0

5.19%

$0
Newcastle Permanent
More details

5.42%

Variable

$595

5.19%

$0
Newcastle Permanent
More details

5.32%

Variable

$0

5.44%

$10 monthly
Newcastle Permanent
More details

7.49%

Fixed - 7 years

$0

6.34%

$395 annually
Newcastle Permanent
More details

7.59%

Fixed - 7 years

$0

6.37%

$0
Newcastle Permanent
More details

7.59%

Fixed - 7 years

$0

6.54%

$395 annually
Newcastle Permanent
More details

7.69%

Fixed - 7 years

$595

6.58%

$0
Newcastle Permanent
More details

7.59%

Fixed - 10 years

$0

6.85%

$0
Newcastle Permanent
More details

7.49%

Fixed - 10 years

$0

6.90%

$395 annually
Newcastle Permanent
More details

7.69%

Fixed - 10 years

$595

7.02%

$0
Newcastle Permanent
More details

7.59%

Fixed - 10 years

$0

7.06%

$395 annually
Newcastle Permanent
More details

Newcastle Permanent customer service

Home loan customers at Newcastle Permanent can contact customer support by calling the hotline, submitting an online enquiry or face-to-face in any of the branches.

In addition to Newcastle Permanent ATMs, loan customers have access to fee free withdrawals at over 3,000 Westpac Group ATMs Australia wide.

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Branch

How to Apply

Newcastle Permanent provides potential customers with multiple ways of applying for a home loan. This includes calling the bank, filling in an online enquiry form or visiting a branch. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income.

You will also need to provide documentation when applying for a home loan. This may include:

  • Personal identification material.
  • Proof of income – whether you are self-employed or work for an employer.
  • Information regarding your current debts, liabilities and assets including any personal or car loans.

How do you calculate how much you could save with a lower rate?

To work out how much you could save, we run the home loan details you’ve provided through our database, and search for similar home loan options that we think would be suitable for you.

We then calculate the costs of these loan options over 15 years (to keep our calculations consistent) and compare them to the cost calculations for your current home loan.

What is a building in course of erection loan?

Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.

How much money can I borrow for a home loan?

Tip: You can use RateCity how much can I borrow calculator to get a quick answer.

How much money you can borrow for a home loan will depend on a number of factors including your employment status, your income (and your partner’s income if you are taking out a joint loan), the size of your deposit, your living expenses and any other debt you might hold, including credit cards. 

A good place to start is to work out how much you can afford to make in monthly repayments, factoring in a buffer of at least 2 – 3 per cent to allow for interest rate rises along the way. You’ll also need to factor in additional costs that come with purchasing a property such as stamp duty, legal fees, building inspections, strata or council fees.

If you are planning on renting the property, you can factor in the expected rental income to help offset the mortgage, but again it’s prudent to add a significant buffer to allow for rental management fees, maintenance costs and short periods of no rental income when tenants move out. It’s also wise to factor in changes in personal circumstances – the typical home loan lasts for around 30 years and a lot can happen between now and then.

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

Home Loans Frequently Asked Questions

How much deposit will I need to buy a house?

A deposit of 20 per cent or more is ideal as it’s typically the amount a lender sees as ‘safe’. Being a safe borrower is a good position to be in as you’ll have a range of lenders to pick from, with some likely to offer up a lower interest rate as a reward. Additionally, a deposit of over 20 per cent usually eliminates the need for lender’s mortgage insurance (LMI) which can add thousands to the cost of buying your home.

While you can get a loan with as little as 5 per cent deposit, it’s definitely not the most advisable way to enter the home loan market. Banks view people with low deposits as ‘high risk’ and often charge higher interest rates as a precaution. The smaller your deposit, the more you’ll also have to pay in LMI as it works on a sliding scale dependent on your deposit size.

How much of the RBA rate cut do lenders pass on to borrowers?

When the Reserve Bank of Australia cuts its official cash rate, there is no guarantee lenders will then pass that cut on to lenders by way of lower interest rates. 

Sometimes lenders pass on the cut in full, sometimes they partially pass on the cut, sometimes they don’t at all. When they don’t, they often defend the decision by saying they need to balance the needs of their shareholders with the needs of their borrowers. 

As the attached graph shows, more recent cuts have seen less lenders passing on the full RBA interest rate cut; the average lender was more likely to pass on about two-thirds of the 25 basis points cut to its borrowers.  image002

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

Why do people use no credit check loans?

Can I enter more than once?

You can only enter the draw for the chance to win $1 million once. However, you can get additional entries by inviting your friends to check their own home loan rates. 

When you complete your initial entry, you’ll receive a unique URL that you can send to your friends. For each friend that checks their home loan rates using this URL, you’ll receive one additional entry into the draw. 

Does Real Time Ratings' work for people who already have a home loan?

Yes. If you already have a mortgage you can use Real Time RatingsTM to compare your loan against the rest of the market. And if your rate changes, you can come back and check whether your loan is still competitive. If it isn’t, you’ll get the ammunition you need to negotiate a rate cut with your lender, or the resources to help you switch to a better lender.

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

How can I pay off my home loan faster?

The quickest way to pay off your home loan is to make regular extra contributions in addition to your monthly repayments to pay down the principal as fast as possible. This in turn reduces the amount of interest paid overall and shortens the length of the loan.

Another option may be to increase the frequency of your payments to fortnightly or weekly, rather than monthly, which may then reduce the amount of interest you are charged, depending on how your lender calculates repayments.

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.