Personal and Car Loans

At Newcastle Permanent we offer flexible and affordable financial solutions for a whole range of needs. Car loans to get you into your new set of wheels sooner and personal loans to help you get overseas, renovate your home, enjoy the perfect wedding or just consolidate your debts.

We offer competitive fixed rates of interest for our personal loans, which means you know how much your repayments will be and can budget for the necessary repayments.

A Newcastle Permanent Personal Loan is a handy financial solution for those things you just can't wait for or can't do without.

Product features

Purpose	- Car, boat, motorcycle or caravan - Holiday - Wedding - Home renovations - Education - New furniture, electrical goods - Debt consolidation - Any other worthwhile purpose
Interest rates	Download a comparison rate schedule from our interest rate section. Note: A lower rate of interest may apply for a secured loan.
Application fee	$125 (payable only if your loan is approved)
Account keeping fee	Nil
Other fees	If you are providing security for your loan, some fees are payable. These vary depending on your circumstances so we provide you with an estimate when you apply for your loan. Download a fees and charges brochure.
Security	Both secured and unsecured rates are available for approved applicants. You can choose whether you want to offer an asset (e.g. a car or house) as security on your loan. Note: There are limits as to how much you can borrow if your loan is partially secured or unsecured.
Loan terms	Terms range from 1 to 7 years.
Minimum loan amount	$1000
Repayment schedule	You can select monthly, fortnightly or weekly repayments by automatic transfer or direct debit. This means you can align your repayments with your salary cycle and keep track of your budget.
Additional repayments	You can make additional contributions or extra lump sum payments at any time and for any amount, allowing you to pay off your loan faster.
Early repayments	There are no penalties for repaying your loan early.
Repayment holidays	If you have enough additional funds in the loan account to meet regular repayments then you can have a repayment holiday. Talk to your local branch or call 13 19 87 to find out more.
Internet banking	If you register your loan for Internet banking you can make extra repayments, view your repayment history and check your loan balance at your convenience.

How to apply

Apply online or call in to see us. You will need to bring along documents to verify the personal information you provide, such as your income, financial commitments and other details.

Eligibility criteria:

Each loan application is assessed individually. As a general guide, you are required to have:

Employment stability.
Residential stability.
A good credit rating.
The ability to repay the loan.

We advise that you contact your local Office Manager to determine eligibility.

Documentation required

Savings history and deposit details	Account statements, passbooks or any other supporting evidence of your savings. This will demonstrate your ability to make a regular commitment to a savings plan and an ongoing ability to make the appropriate loan repayments.
Proof of income	Your last two pay slips, most recent personal tax return, group certificates or if no other documents are available, a letter from your employer.
Existing obligations and loans	The most current statements for each existing commitment or loan. This will demonstrate how you managed your last or current loan, together with your current commitments.
ID check	You will be required to provide identification in accordance with the ID check.

Approval

During your personal loan interview we can usually give you an indication of whether your application is likely to be successful and how much you'll be able to borrow.

Your local Office Manager will contact you as soon as your loan has been approved, which is generally within 24 hours of the application being received.

All you need to do then is drop into the branch and sign the contract.

Switching my loan to Newcastle Permanent

Make the switch to a personal loan with Newcastle Permanent and see the benefits for yourself. We offer competitive interest rates and you pay no account keeping fees.

There are a variety of benefits when you switch to a Fixed Rate Personal Loan:

Low application fee (only payable if your loan is approved).
A fixed rate of interest so you know exactly what you pay each month, fortnight or week.
No monthly or annual account keeping fees.
No early repayment penalties or restrictions on additional repayments (so you can pay your loan off sooner).

Next steps

Make an appointment to see your local Office Manager. Prior to your meeting, we'll advise what documentation you need to provide to complete the switch.