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$2,000 cashback for switching your home loan^

  • Smile icon $2,000 cashback for new refinanced loans^
  • Cash icon Minimum loan $250,000 & LVR ≤80%
  • building icon For owner occupied and investment home loans
  • moneybag icon Paid into your Everyday Account

Premium Plus Package Variable Rate

A variable rate home loan bursting with package benefits such as a competitive rate, and a 100% offset account so you can pay your loan off sooner! Available for both owner occupied and investment loans, with an LVR of up to < 95% for Principal and Interest loans. You can also enjoy flexible repayments (weekly, fortnightly or monthly).

The Premium Plus Package Variable Rate Home Loan gives you the ability to make additional repayments and make fee free redraws from the advanced amount, plus offers and discounts to save you money. Applying is easy with the ability to enquire online or apply over the phone, or with a mobile lender at a place that suits you.

  • access icon Need cash? Ability to redraw money if you are ahead in your loan repayments.
  • Better value banking icon Flexibility Choose from weekly, fortnightly or monthly repayments.
  • Community support icon Split it your way Divide your loan between fixed and variable rates at no additional cost.
  • chat Chat with a local Our local branches and call centre are ready to help you.

Buying a house is such a massive commitment, but there were no hidden catches with Newcastle Permanent. - Luke and Chloe, Cardiff South

Applications are subject to credit approval. Full terms and conditions will be included with our loan offer. Fees and charges are payable.
References to "LVR" mean Loan to Valuation 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.
Interest rates effective as of 29/11/2020 and are subject to change without notice.
*The Comparison Rate is calculated on a loan amount of $150,000 for a term of 25 years based on monthly repayments. Comparison rates for variable rate loans with interest only repayments are calculated based on an initial 5 year period for interest only repayments. Comparison rates for fixed rate loans with interest only repayments are calculated based on an initial period for interest only repayments equal in length to the fixed period. You should consider whether the loan is suitable for you. 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.
***Premium Plus Package Variable Rate Discounted interest rates are available for new borrowers applying for a Premium Plus Package 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 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 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 discounted interest rate 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 0.63% is deducted from the Premium Plus Package Variable Rate Tier 4.
•Discount 2 - For loans with an LVR of greater than 80% and less than 95%, a discount of 0.26% is deducted from the Premium Plus Package Variable Rate Tier 4.
Terms and conditions, fees and charges apply.
~~Discounted interest rates are available for new borrowers applying for a Premium Plus Package Variable Home Loan for investment purposes with principal and interest repayments with a minimum balance of $150,000 and a Loan to Value Ratio (LVR) of less than or equal to 80% a discount of 0.65% will be deducted from the Premium Plus Package Variable Rate Tier 4 Investment. Existing Newcastle Permanent customers are also eligible to receive the discounted interest rate if:
•They have a Premium Plus Package Home Loan for investment purposes with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings and the Premium Plus Package Home Loan has an LVR of less than or equal to 80%; or
•They convert an existing Newcastle Permanent loan to a Premium Plus Package Home Loan for investment purposes with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings, and the Premium Plus Package Home Loan has an LVR of less than 80%.Converted borrowings do not constitute new borrowings. Terms and conditions, fees and charges apply.
^Cashback Offer available for loans refinanced from another financial institution. Applications must be submitted by *31/01/21 and funded by 31/03/21. $2,000 Cashback will be deposited after settlement to an eligible NPBS Everyday Account. Only one (1) Cashback Payment per eligible loan. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. Loan to Valuation Ratio (LVR) 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. Terms, conditions, fees, charges and credit criteria apply. Newcastle Permanent Building Society Limited ACN 087 651 992, Australian Financial Services Licence/Australian Credit Licence 238273. Terms and conditions.