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BSB 650 000

Work your home loan

Pay your home loan off sooner using multiple Everyday Accounts with 100% interest offset.
T&Cs and eligibility criteria apply.

Apply now

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.

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

Up to $3,000 cashback^

By applying for a new purchase or refinancing with us online. 

Apply online
Online Cashback Offer Terms and Conditions
  • tick in green circle
    Save money and time
    Get your application underway in just 15 minutes.
  • tick in green circle
    Give paperwork the flick
    Less life admin means more time for the stuff that matters.
  • tick in green circle
    Go with the pros
    We've got you covered every step of the way.

Ready to apply online?

We’ve made it easy and secure so you can get straight to it. Keep some ID handy and your internet banking details to really speed up the process knowing that we never see or store this information.

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Save money and time. Apply in under 15 minutes and give paperwork the flick.

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Ideal for refinancing or buying a new home.

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Your details are protected by secure technology.

Prefer to speak to a lender?

We get it. Sometimes you need that personal touch to help with your unique circumstances. Backed by more than 100 years of experience, we’re here to help every step of the way.

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Speak to one of our experts in person or over the phone at a time that suits you.

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Great for those wanting assistance with an existing loan

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We make home loans easy with our award-winning products and service.

Home loans with a personal touch

Tap into the resource of your local lender. Get expert advice based on your unique circumstances while securing a great rate at an award-winning bank.

Your friendly lender is available in person or over the phone. Make your appointment today.


Find your local lender

Features

  • Why Premium Plus Package

    Features

    The 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.
    Find out how to get the most out of your Package by reading our Guide to your Premium Plus Package.

    Optional benefits

    You can maximise your Premium Plus Package and apply for a range of additional benefits:

    Give our friendly staff a call on 13 19 87 or visit your local branch to take advantage of these options.

    Eligibility

    You are eligible to receive these benefits if you have a:

     

    Important information about Premium Plus Package
    A $395 annual Premium Plus Package fee applies. Package benefits for a product or service described above are only available where the product is in the same name as the package holder, and only available while you hold an active Premium Plus Package.
    Find out how to get the most out of your Package by reading our Guide to your Premium Plus Package.

     

    Newcastle Permanent, part of Newcastle Greater Mutual Group Ltd, arranges this insurance  as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708 (Allianz), acting under our own AFSL. Travel insurance is issued and managed by AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631, trading as Allianz Global Assistance (AGA), for the insurer Allianz. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the Product Disclosure Statement and key fact sheets available on this website, by calling 13 19 87 or from any branch. The relevant Target Market Determination is available by calling 1300 493 824. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Ask us for more details or see our Financial Services Guide before we provide you with services.
    Premium Plus Package Customers are eligible for an ongoing premium discount when purchasing a new insurance policy through any branch or by contacting us on 13 19 87. This discount is not available online or in conjunction with other discounts. Promotional or other discounts may apply from time to time for customers who apply for insurance via other methods. Minimum premiums may apply. Any discounts / entitlements may be subject to rounding and only apply to the extent any minimum premium is not reached. If you are eligible for more than one discount, each of them is applied in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts / entitlements. Discounts may not be applied to the premium for optional covers.

  • Interest rates & fees

    Premium Plus Package - Discount 1 5.94%p.a. 6.28%p.a.
    Premium Plus Package - Discount 2 6.85%p.a. 7.18%p.a.
    Premium Plus Package Investment - Discount 1 6.13%p.a. 6.47%p.a.
    Premium Plus Package Investment - Discount 2 7.09%p.a. 7.42%p.a.
    Annual Fee $395 per annum
    Establishment fee Nil
    Monthly Fee Nil

    Mortgage Fees & Charges - PDF 113kb  

    Get the facts with our Home Loan Key Facts Sheet.

    View all home loan interest rates

  • Loan features

    Discounts and features

    The Premium Plus Package Variable Rate home loan gives you the ability to make additional repayments and offers discounts to save you money.

    Minimum loan amount No Minimum
    Maximum loan term 30 Years
    Additional repayments You can make regular additional repayments and extra lump sum payments.
    Redraw facility Available to redraw repayments in advance, fee free.
    Repayment frequency Monthly, Fortnightly or Weekly repayments.
    Repayment holiday Yes
    Repayment options Principal & Interest or Interest Only.
    Split loan Split your home loan into multiple loan accounts. For example, one could be a fixed rate and one a variable rate.
    100% Interest offset account Ability to link multiple Everyday Accounts with 100% interest offset.
    Mortgage portability Yes
    Maximum loan to value ratio Less than 95% of the value of the property for owner occupied and investment loans. Lower LVR’s apply to Interest only loans.

  • Find a lender

    Local lender

    Let us come to you! Find a local lending specialist in your area.

    Available over the phone or in person, you can get the loan expertise you need without leaving your house.

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"Based on interest rates, products and flexibility, Newcastle Permanent was way ahead of the other banks for us." -Molly and Michael.

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Tips on saving through to settlement

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 22/04/2025 and are subject to change without prior notice.
*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.
***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 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 1.63% 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 0.72% is deducted from the Premium Plus Package Variable Rate Tier 4.
Terms and conditions, fees and charges apply.
~~Premium Plus Package Variable Rate Investment 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. Existing Newcastle Permanent customers are eligible to receive the discounted interest rates 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; 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.
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 1.78% is deducted from the Premium Plus Package Variable Rate Tier 4 Investment.
•Discount 2 - For loans with an LVR of greater than 80% and less than 95%, a discount of 0.82% is deducted from the Premium Plus Package Variable Rate Tier 4 Investment.
Terms and conditions, fees and charges apply.
^Online Cashback Offer available for eligible loan application submitted via our online application channel. $2,000 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

Our BSB 650 000

©Newcastle Permanent, part of Newcastle Greater Mutual Group Ltd
ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273

General Advice Warning: Any general advice on this website (including via webchat) has been prepared without taking into account your objectives, financial situation or needs. Therefore, before acting on the advice, you should consider its appropriateness (having regard to your personal circumstances). Before deciding to acquire a financial product from us, you should also consider the relevant Terms and Conditions or Product Disclosure Statement.

 
 
Acknowledgement of Country

We acknowledge the Traditional Custodians of the lands, waterways and skies across Australia. We pay our respects to Elders past and present. 

First nations peoples are respectfully advised this website may contain images, names or stories of people who have passed away. Read our Reconciliation Action Plan here.

Taken from 'Reconcile Connection', an artwork commissioned by NGM Group created by Bundjalung woman Tywana Caldwell