Real value. Real deal.
Featured rate
Real Deal - Special 1 variable rate
5.99
%**
p.a.
Comparison rate
6.03
%*
p.a.
Min. loan $150K, LVR ≤80%. For Principal & Interest, owner occupied loan.
Find a loan to match your home
Compare 4 products
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Premium Plus Package Fixed Rate
For those seeking to switch to fixed.
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Premium Plus Package Variable Rate
Work your home loan.
|
Fixed Rate Home Loan
Enjoy the certainty of knowing your repayments.
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|
|---|---|---|---|
|
Variable rate
5.99
%**
p.a.
Comparison rate
6.03
%*
p.a.
Real Deal - Special 1 available for owner occupied principal & interest loans $150k+, with LVR of 80% or less.
|
2yr fixed rate
6.29
%#
p.a.
Comparison rate
7.82
%*
p.a.
Owner occupied home loans with principal and interest repayments and an LVR of less than or equal to 80%.
|
Variable rate
6.14
%***
p.a.
Comparison rate
6.48
%*
p.a.
Special Discount 1 available for owner occupied principal & interest loans $150k+, with LVR of 80% or less.
|
2yr fixed rate
6.39
%##
p.a.
Comparison rate
8.10
%*
p.a.
2 year fixed rate special available for owner occupied principal & interest loans, with LVR of 80% or less.
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Schemes for first home buyers and single parents
The Australian Government 5% Deposit Scheme makes home ownership more achievable by helping you buy sooner with a small deposit, supported by a Government guarantee. Under the Scheme, first home buyers can purchase with as little as a 5% deposit, while single parents may be able to buy with just 2%.
From 1 October 2025, the Scheme will have increased property price caps and fewer eligibility restrictions, giving more Australians the chance to access the benefits.
As an approved lender, we can guide you through the application process and help secure your place in the Scheme, so you can take that next step towards owning your first home with confidence.
Designed to help first home buyers get into the property market sooner. The Scheme helps eligible buyers who have saved a minimum 5% deposit with a Government guarantee, removing the need to pay Lenders Mortgage Insurance (LMI).
Making home ownership more achievable for first-time buyers who have started saving but might not yet have a full deposit. Check the Postcode Search Tool to find the price cap for your desired location.
For more information and the eligibility criteria:
- Visit First Home Buyers
- Read the First Home Buyers Information Guide
- Read the Scheme Fact Sheet
Designed to help single parents and legal guardians buy a home for their family sooner. The Scheme helps eligible buyers who have saved a minimum 2% deposit with a Government guarantee, removing the need to pay Lenders Mortgage Insurance.
Making home ownership more achievable for single parents who are working hard to save, but may find it challenging to reach a larger deposit. Check the Postcode Search Tool to find the price cap for your desired location
For more information and the eligibility criteria:
- Visit First Home Buyers
- Read the Single Parents Information Guide
- Read the Scheme Fact Sheet
Tips and tools
Home loan FAQs
Fixed interest rates lock in your repayments, and they won't change for the loan term. You can easily budget, because you'll know exactly what you'll pay each month.
Variable interest rates could vary from month to month based on the changes to the interest rates. If the rates rise, your repayments may rise. If the rates fall, your repayments may be less.
At the end of the fixed rate period customers can chose to re-fix their loan for another fixed rate period or let the loan revert to the applicable variable interest rate based on the loan and repayment type.
Offset accounts are an easy way to save some coin when repaying your mortgage.
An offset account is a transaction account linked to your home loan designed to lower the amount of interest charged on your loan.
The balance is 'offset' against what you owe on your home loan, meaning you're only charged interest on your home loan minus the total amount in your offset account.
Let’s say you have a mortgage of $200,000 and $20,000 in your linked offset account. That means you’ll only be charged interest on $180,000.
This simple set up can potentially save you hundreds or even thousands in interest repayments and help you repay your loan even quicker.
A redraw facility lets you access any additional repayments you've made towards your home loan on top of your minimum repayments for eligible home loans.
If you choose to pay more than your minimum repayments, the additional balance will appear in your home loan account that you can re-access if you need it.
There may be fees associated with a redraw and it could also affect the interest you pay on your home loan.
Redraws available on application, for amounts in advance. A redraw fee applies to applications made in branch.
Lenders Mortgage Insurance (LMI) is a type of insurance that a lender takes out to protect itself against the risk of not recovering the outstanding loan balance. Specifically, this occurs where a borrower becomes unable to meet their required loan repayments and the proceeds from the sale of the property fall short of paying the outstanding loan balance in full (known as ‘shortfall debt’). The LMI insurer can recover from the amount of the shortfall from the borrower.
LMI is payable by a lender where the borrower does not have the required loan deposit (typically 20% of the property value). This cost is generally passed on as a fee to the borrower. LMI will be added to the borrower’s home loan balance and interest will be payable on this amount over the life of the loan.
It is important to note that LMI protects lenders against potential losses and not the borrower (or any guarantors). This means a borrower cannot make a claim under the LMI, only the lender can. LMI is different to Mortgage Protection Insurance, which a borrower can take out separately to insure themselves against the possibility that they are unable to meet their repayment obligations.
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.
- Log on to the app and the 'Pay' button
- Choose your account and home loan
- Select the 'Automate repayments' button
- Your monthly repayment amount will automatically populate
- You can add an additional amount on top of this, otherwise select 'Next' and your payment is ready to go.
- Log on to internet banking and navigate to the Transfer screen
- Select your account and loan from the drop down boxes
- If your loan is eligible, you will see a check box for 'Automate loan repayment'.
- Select the 'Automate loan repayment' check box and follow the prompts.
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.
You can make additional repayments on most variable home loans at no extra cost. Paying an additional amount on top of your minimum repayments will put you in advance of your loan and can come in handy for emergencies or provide you with a financial buffer if you fall short or miss a payment for some reason. You can easily set this up via our app or internet banking.
For a fixed-rate home loan, you can repay up to $25,000 per calendar year during the fixed rate period without incurring a break cost. Check our Break Cost and Fixed Interest Rate Guide for more information.
Home loan repayment calculator
Popular home loans
| Real Deal Home Loan - Special** | LVR 80% and below (Special 1) |
Comparison rate* (Special 1) |
LVR above 80% (Special 2) |
Comparison rate* (Special 2) |
|---|---|---|---|---|
| Real Deal - Special | 5.99% p.a. | 6.03% p.a. | 6.74% p.a. | 6.78% p.a. |
Rates are for owner occupied loan with Principal & Interest repayments. Real Deal Special available on loans $150k+.
| Premium Plus Package Fixed Rate Home Loan# | LVR 80% and below (Special) |
Comparison rate* (Special) |
LVR above 80% | Comparison rate* |
|---|---|---|---|---|
|
1 Year Fixed |
6.29% p.a. | 7.97% p.a. | 6.39% p.a. | 7.98% p.a. |
|
2 Years Fixed |
6.29% p.a. | 7.82% p.a. | 6.39% p.a. | 7.84% p.a. |
|
3 Years Fixed |
6.39% p.a. | 7.71% p.a. | 6.49% p.a. | 7.74% p.a. |
|
4 Years Fixed |
6.49% p.a. | 7.63% p.a. | 6.59% p.a. | 7.67% p.a. |
|
5 Years Fixed |
6.49% p.a. | 7.54% p.a. | 6.59% p.a. | 7.58% p.a. |
Rates are for owner occupied loan with Principal & Interest repayments.
| Premium Plus Package Variable Rate Owner Occupied Discounts*** | LVR 80% and below (Discount 1) |
Comparison rate* (Discount 1) |
LVR above 80% (Discount 2) |
Comparison rate* (Discount 2) |
|---|---|---|---|---|
| Premium Plus Package Variable Rate | 6.14% p.a. | 6.48% p.a. | 7.10% p.a. | 7.43% p.a. |
Rates are for owner occupied loan with Principal & Interest repayments. Discount specials available on loans $150k+.
| Fixed Rate Home Loan ## | LVR 80% and below (Special) |
Comparison rate* (Special) |
LVR above 80% | Comparison rate* |
|---|---|---|---|---|
| 1 Year Fixed | 6.39% p.a. | 8.31% p.a. | 6.49% p.a. | 8.32% p.a. |
| 2 Years Fixed | 6.39% p.a. | 8.10% p.a. | 6.49% p.a. | 8.12% p.a. |
| 3 Years Fixed | 6.49% p.a. | 7.94% p.a. | 6.59% p.a. | 7.97% p.a. |
| 4 Years Fixed | 6.59% p.a. | 7.81% p.a. | 6.69% p.a. | 7.85% p.a. |
| 5 Years Fixed | 6.59% p.a. | 7.67% p.a. | 6.69% p.a. | 7.72% p.a. |
Rates are for owner occupied loan with Principal & Interest repayments.
View all home loan interest rates.
Get the facts with our Home Loan Key Facts Sheet.
Lock it in
Got your eye on one of our great fixed rates?
Use our Rate Lock to secure the current advertised rate when you apply for a home loan and protect yourself against potential interest rate rises for 90 days while you work towards settlement.
It’s another way we make buying your home that little bit easier.
Tips on saving through to settlement
Fixed vs variable rate home loans
What is a fixed rate? What is a variable rate? and is a fixed or variable home loan right for you?
Next step:
No matter where you are in your journey, we're here and ready to help!
Terms, conditions, fees, credit criteria and charges apply.
References to "LVR" mean Loan to Value Ratio which is calculated by dividing the loan amount by the value of the property (as determined by us). There may be a difference between the purchase price and the value of the property.
*The Comparison Rate is calculated on a loan amount of $150,000 for a term of 25 years based on monthly repayments. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
**Real Deal At the current time, special interest rates are available for new borrowers applying for a Real Deal Home Loan for an owner occupied home with principal and interest repayments with a minimum balance of $150,000. Existing Newcastle Permanent customers are also eligible to receive the special interest rates if:
- They have a Real Deal Home Loan with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings; or
- They convert an existing Newcastle Permanent loan to a Real Deal Home Loan with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings.
Converted borrowings do not constitute new borrowings. The discount is the rate that is effective at the time the loan application is received by Newcastle Permanent and is determined by reference to the applicable Loan to Valuation Ratio (LVR). Currently, the LVR requirements are as follows:
- Special 1 – For loans with an LVR of less than or equal to 80%, a discount of 2.11% is deducted from the Real Deal Home Loan variable interest rate.
- Special 2 – For loans with an LVR of greater than 80%, and less than 95%, a discount of 1.36% is deducted from the Real Deal Home Loan variable interest rate.
***Premium Plus Package Variable Rate Home Loan Discounted interest rates are available for new borrowers applying for a Premium Plus Package Variable Rate Home Loan for an owner occupied home with principal and interest repayments with a minimum balance of $150,000. Existing Newcastle Permanent customers are eligible to receive the discounted interest rate if:
- They have a Premium Plus Package Variable Rate Home Loan for an owner occupied home with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings; or
- They convert an existing Newcastle Permanent loan to a Premium Plus Package Variable Rate Home Loan for an owner occupied home with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings.
Converted borrowings do not constitute new borrowings. The discount is the rate that is effective at the time the loan application is received by Newcastle Permanent and is determined by reference to the applicable Loan to Valuation Ratio (LVR). At the current time, the LVR requirements are as follows:
- Discount 1 - For loans with an LVR of less than or equal to 80%, a discount of 1.68% is deducted from the Premium Plus Package Variable Rate Home Loan (previously known as the Variable Rate Tier 4).
- Discount 2 - For loans with an LVR of greater than 80% and less than 95%, a discount of 0.72% is deducted from the Premium Plus Package Variable Rate Home Loan (previously known as the Variable Rate Tier 4).
#Premium Plus Package Fixed Rate reverts to Premium Plus Package Variable interest rate (previously known as the Variable Rate Tier 4) at the end of the Fixed Rate period.
##Fixed Rate Home Loan reverts to the Real Options Home Loan at the end of the Fixed Rate period.
^Online Cashback Offer available for eligible loan application submitted via our online application channel. $2,500 cashback for loans $250-$499k or $3,000 for loans ≥$500k. 80% LVR or less. Excludes refinances from Greater Bank, part of NGM Group. If eligible, cashback payment will be made within 60 days of the loan settlement date (loan must still be open at time of payment). Only one (1) cashback payment per eligible loan and for first eligible loan only. Not available where any loan cashback has been paid within the past 12-months, or in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Online Cashback Offer Terms and Conditions
1Where 100% interest offset is not available, eligible deposit accounts may be linked and the credit interest rate which would otherwise be payable is offset against the interest charged each month on your loan (however there is no additional interest benefit). Please see the Everyday Account Product Schedule or talk to us for more information.
2Redraws available on application, for amounts in advance. A redraw fee applies to applications made in branch. For the Premium Plus Package Fixed Rate loan, there is a minimum $500 per redraw, and redraw is capped at $25,000 per calendar year.
3Additional repayments of up $25,000 per year available on fixed rate home loans. Break costs may apply for additional repayments over this limit. See the Break Cost and Fixed Interest Rate Guide.
4The Premium Plus home loan packages offer a number of features and benefits, including no establishment fee, no redraw fee, no monthly fee on any Premium Plus package product.
See the Guide to your Premium Plus Package.
The Canstar 2025 Home Loan Refinance Award was received in November, 2025 for the Customer-Owned Bank of the Year - Home Loan Refinance.
Find more information on the Mozo Experts Choice Awards 2025 and Mozo People's Choice Awards 2024 and 2025 awards research methodology at Mozo.