Skip to Main Content

May 2025 interest rates

Following the RBA’s decision on Tuesday to reduce the Official Cash Rate by 0.25% from 4.10% to 3.85% p.a. Newcastle Permanent will also reduce rates for variable loans by 0.25% p.a., taking effect on 30 May 2025.

We know many of our borrowing customers will have been eagerly awaiting news out of the RBA today and hope this change brings local households additional relief following February’s rate reduction.

We will directly contact these variable home loan customers with their new minimum repayment details by email or letter and this change will be reflected in their banking app once it takes effect. Customers wishing to reduce their repayments can easily do so via our banking apps, by calling us or by visiting one of our branches.

We encourage any customers with questions or concerns to visit a branch or reach out to our contact centre on 13 19 87.

*Rates are subject to change without prior notice. Refer to newcastlepermanent.com.au/rates for all current interest rates and Introductory Bonus Rate terms and conditions.

 

Make rate drops work harder for you - automatically.

Automate your home loan repayments and we’ll adjust your minimum if your rate changes - so you never pay more than you need to.

Learn more Get the app

Home loan repayment FAQs

You can now set up repayments for eligible home loan types and we'll automatically adjust the minimum loan repayment amount for you if it changes.

App:

  1. Log on to the app and the 'Pay' button
  2. Choose your account and home loan
  3. Select the 'Automate repayments' button
  4. Your monthly repayment amount will automatically populate
  5. You can add an additional amount on top of this, otherwise select 'Next' and your payment is ready to go.

Internet banking:

  1. Log on to internet banking and navigate to the Transfer screen
  2. Select your account and loan from the drop down boxes
  3. If your loan is eligible, you will see a check box for 'Automate loan repayment'.
  4. Select the 'Automate loan repayment' check box and follow the prompts.

There are several options for setting up your home loan repayments, depending on your financial goals and circumstances. You can also choose to repay your loan weekly, fortnightly or monthly to suit your budget.

  • Automated repayments: You can easily set up automatic repayments for all principal & interest (P&I) loans via the app or internet banking. Any changes to your minimum repayment amount will automatically adjust and you can choose to add an additional amount to your repayment if you would like to pay more each month.
  • Fixed or nominated amount: All other set transfer types will need to be manually updated or adjusted via the app, internet banking, by giving us a call or visiting a branch.

If you have transfers set up from another financial institution, you’ll need to contact them to update your payment or check your current transfer amount.

You can view your current and next minimum repayment amount by selecting your loan account within the app  and internet banking. Alternatively, you can give us a call on 13 19 87 or check your email/mail for an update on any changes to your loan account.

Handy links

All articles