Personal Lending Guide

• Personal lending for you
• Value+ Credit Card
• Personal Loans
• Frequently asked questions
• Here's some information we'll need from you
• Where to from here

Personal lending for you

Whether you want to own your own set of wheels sooner, travel overseas, renovate your home or consolidate your debts, Newcastle Permanent offers a range of flexible and affordable financial solutions.

With fixed interest rates for the life of your loan, our personal and car loans give you a fixed repayment plan that can help with your budgeting. Or if you're after a little more flexibility, our Value+ Credit Card gives you one of the lowest credit card rates in Australia. So you can choose how much you want to pay each month – the entire balance or the minimum repayment.

So whether you want a fixed repayment schedule or a more flexible option, we have the solution for you – after all that's what we're here for.

Value+ Credit Card

Our Value+ Credit Card is a great way to add flexibility to your finances. It can be used for so many things. With up to 55 days interest free on purchases, you can use it like cash for everyday spending and pay off your balance each month to avoid any interest. Use it when unexpected expenses arise – with a competitive rate on purchases and cash advances, it's like a constant pre-approved personal loan. In fact it is one of the lowest credit card interest rates in Australia – even better than some personal loan rates.

Your Value+ Credit Card is also your perfect holiday companion when you're travelling. Because it is a Visa card, you can use it all around the world for purchases and cash advances wherever Visa is accepted. It really is a go anywhere, do anything financial solution for you.

Here are the benefits

• Competitive rate of interest – it's one of the lowest credit card rates in Australia.
• Up to 3 additional cards – at no extra charge.
• Up to 55 days interest free on purchases – when you clear the balance at the end of the statement cycle.
• No early repayment penalties or restrictions on additional payments – pay your credit card off earlier.
• Register your credit card on Internet banking to make extra repayments – all Internet banking transactions are free.
• Set up a regular automatic transfer from your savings account and you won't need to worry about being late for a payment.

Here's some more information for you: Effective 25 September 2007. Society Fees and Government Charges may apply. Full Conditions of Use are available on request.

Personal Loans

Here for you

As your life changes so do your needs, and that's what a Personal Loan with Newcastle Permanent is for. We'll lend you money for almost any worthwhile cause.

So if you need a new car that better suits your lifestyle or have decided to travel overseas or here in Australia we're here for you. Our Personal Loans are also the ideal way to renovate or refurbish your home, from extensions to that dream lounge and dining setting, stereo system or pool and landscaping.

With our competitive interest rates on Personal Loans there's no need to miss the special times in life like education and the perfect wedding. Even your dreams of owning a boat, motorcycle or exploring the countryside in your new caravan can come true.

More than ever it's easy to lose track of your spending with numerous credit cards, store cards and finance contracts. You can consolidate all your debts into one low rate fixed for the life of your loan, making it easier to track and manage.

Whatever the reason for our Personal Loan there are some great benefits to you.

Here are the benefits

• Competitive fixed rates of interest so you will always know how much your
  repayments are.
• No ongoing account keeping fees so every dollar you repay is helping to pay off
  your loan.
• No early repayment penalties and no restrictions on additional repayments
  allows you to pay your loan off faster. You can make additional regular
  contributions or extra lump sum payments when you have the funds available.
• Secured and unsecured rates are available. You choose whether you want to
  offer an asset (e.g. a car) as security on your loan. Lower rates apply if the loan
  is secured.
• Monthly, fortnightly or weekly repayment options are available. So you can tie
  your repayments in with your salary cycle and keep track of your budget.
• Set up a regular automatic transfer from your savings account and you won't
  need to worry about being late for a payment.
• Register your loan for Internet banking to make extra repayments, view your
  repayment history and check your loan balance online at your convenience.

Here's some more information for you: Effective 25 September 2007. Full Terms and Conditions are available on request.

Frequently asked questions

How do I go about applying for a Value+ Credit Card or Personal Loan?

Our helpful staff at Newcastle Permanent can show you how much you can borrow and what your repayments will be. They will also take you through the application process and explain to you exactly what documentation you will need to supply when you lodge the application.

What are the differences between a Value+ Credit Card and a Newcastle Permanent Personal Loan?

A Value+ Credit Card gives you a flexible limit to draw on for multiple purchases if required. It allows you to pay back the funds at a minimum monthly payment or pay more depending on your budget or requirements.

Personal Loan funds are paid as a lump sum and require the funds to be paid back in regular instalments. There are also different fees involved and interest rate charges.

When would I use a Value+ Credit Card rather than a Personal Loan?

Our Value+ Credit Card can be used for any purpose you like. You can use it to purchase goods and services or pay bills via phone and Internet banking. It can be used as a safeguard in case funds are required in an emergency. You can also add an additional cardholder which will allow that person to have access to these credit funds.

How much will I have to pay in fees?

Compare our fees and charges with our competitors and you'll see that generally you'll pay less with Newcastle Permanent. For Personal Loans there is a $145 application fee, which is only payable if your loan is approved. Our Value+ Credit Card has a $45 annual fee, which will be added onto your statement.

There are no penalty fees for repaying your credit card or loan early, however if you miss a payment, or your payment is late, fees may apply.

How long does it take for a Value+ Credit Card or
Personal Loan to be approved?

We can usually give you an indication of whether your application is likely to be approved and how much you will be able to borrow.

Usually, your Personal Loan would be approved within 24 hours of your application and your Value+ Credit Card would be received in 10 working days, providing all information is received and correct.

What is a guarantor?

A guarantor is a person (or group of people) that is willing to make a guarantee on another borrower's loan.

What is a guarantee?

A promise by the guarantor that the borrower under a credit contract will keep to all the terms and conditions of the contract. If the borrower does not do so, the guarantor promises to pay the credit provider all the money owing on the contract (and any reasonable enforcement expenses) as soon as the money is asked for. If the guarantor does not pay, then the credit provider can take enforcement action against the guarantor, which may result in the forced sale of any property owned by the guarantor.

Here's some information we'll need from you

Savings history and deposit details

When applying for a Personal Loan or Value+ Credit Card, it is important to demonstrate your ability to make a regular commitment both to a savings plan as well as an ongoing ability to make the appropriate repayments.

It is recommended that you bring to your Personal Loan interview copies of account statements, account passbooks or any other supporting evidence of your savings.

Proof of income

Normally this is in the form of pay dockets, your most recent personal taxation return, or payment summaries. If you do not have such current documents available then a letter from your employer may suffice.

Existing obligations and loans

Details of your other commitments and loans are also a necessary part of any Personal Loan or Value+ Credit Card appraisal. How you managed your last or current loan together with how much you are currently repaying is very important.

The most current statements for each existing commitment or loan are required to assist in the assessment process.

ID check

You will need to identify yourself to us when you apply for a Personal Loan or Value+ Credit Card. For details of acceptable documentation, please contact your local branch or read through our ID check list.

Where to from here?

We're here to help you with your personal lending enquiries. Simply complete our online enquiry form, call us on 13 19 87, or drop into your local Newcastle Permanent branch.

Important information

Applications for finance are subject to the Society's normal credit approval process. Full Terms and Conditions will be included with our loan offer. Fees and charges are payable. Loans for commercial purposes are excluded.

"We" or "us" or "our" means Newcastle Permanent Building Society Limited ABN 96 087 651 992.