Premium Variable Home Loans & Mortgages

Our Premium Variable Home Loan gives you a competitive variable home loan rate with loads of handy features.

Enquire now Compare Home Loans

Premium Variable Home Loan

Premium Variable

4.47

%

P.A.

Comparison rate

4.47

%^*

P.A.

Owner Occupied Loans with Principal and Interest Repayments.

A great variable home loan rate with features that give you loads of repayment flexibility – that’s what the Premium Variable Home Loan delivers. Whether it’s for your own home or an investment property, this variable rate mortgage can be a great way to go.

Split your loan with other Newcastle Permanent loans
Everyday Account with 100% offset available
Make additional repayments and redraws at any time

No establishment fees
No ongoing fees
Competitive variable interest rate

Mortgage Fees & Charges - PDF 113kb

Award-winning home loans

Premium Variable Home Loan Overview

A fully featured variable interest rate home loan with added benefits.

Premium Variable Home Loan	Interest Rate	Comparison Rate*
Premium Variable	4.47%p.a.	4.47%p.a.

All interest rates displayed are for Owner Occupied loans with Principal & Interest repayments and are subject to change.

See all interest rates.

Establishment fee	Nil
Annual Fee	Nil
Monthly Fee	Nil

Minimum Loan Amount	No Minimum
Maximum Loan Term	30 Years
Additional repayments	Yes
Redraw Facility	Yes
Repayment Holiday	Yes
Repayment Frequency	Monthly, Fortnightly or Weekly repayments
Repayment Options	Principal and interest or interest only
Split loan	Yes
Interest Offset Account	100%
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 based loans.

Home Loan Guides
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Tools and Calculators

We have a range of easy to use calculators to help you determine monthly repayments and how much you could borrow.

Select a calculator

What will my repayments be?

Loan amount

$

Loan term

years

Weekly
Fortnightly
Monthly

Initial repayments at 0.00% p.a.

$0

Repayments at 0.00% p.a.

$0

Initial repayments at 0.00% p.a.

$0

Repayments at 0.00% p.a.

$0

Initial repayments at 0.00% p.a.

$0

Repayments at 0.00% p.a.

$0

Pay off your loan faster
Extra monthly repayments

$
- New term
- Interest saved
- $0

Payment Breakdown

Year	Owing

How much can I borrow?

Loan term

years

Number of applicants

Single Joint

Number of dependants

0 1 2 3 4 5+

Income (before tax)

Applicant 1

Base salary Please enter amount before tax not including any bonuses.

$

Other salary-related income Other income related to salary including overtime and commissions. Casual salary should also be entered here.

$

Investment income e.g. rental income

Investment rental income

$

Other investment income

$

Other income

Family tax benefits

$

Pensions

$

Child support / maintenance

$

Applicant 2

Base salary Please enter amount before tax not including any bonuses.

$

Other salary-related income Other income related to salary including overtime and commissions. Casual salary should also be entered here.

$

Investment income e.g. rental income

Investment rental income

$

Other investment income

$

Other income

Family tax benefits

$

Pensions

$

Child support / maintenance

$

Expenses

Home loan repayments

$

Other loan repayments

$

Bills and living expenses

$

Total credit card / store card limit The amount required here is the total credit limit of all your credit cards and store cards. It is not the sum of your balances or your required monthly repayments.

$

Will you continue to pay rent after you get this loan?

Rental expenses

$

Calculate Recalculate

You could borrow up to
$0
How much can I borrow based on preferred repayments?
Loan term

years

Preferred monthly repayments

$
You could borrow up to
$0

Here’s some information for you:

The calculator results are indicative only and are based on the accuracy of information provided by you. The calculator results have been prepared without taking into account your personal circumstances. The interest rates shown in this calculator are for Owner Occupied loans with Principal and Interest repayments. We recommend you obtain professional financial and legal advice before making any financial decision. The calculator results are estimates only and do not constitute a quote or loan offer. Weekly loan repayments are based on 52 weekly repayments. Fortnightly loan repayments are based on 26 fortnightly repayments. The repayment amounts do not include Society fees and Government charges that may apply to this type of loan.

Compare our home loans

Find a loan to suit you with our easy to use comparison tool.

Premium Variable Home Loan	Premium Plus Package Variable Rate	Premium Plus Package Fixed Rates	Fixed Rate Home Loan	Discounted Real Deal Home Loan	Real Options Home Loan	Real Equity Credit Facility	Premium Plus Package Credit Facility
Loan Overview
Product Description A low cost variable loan with loads of features and benefits	Product Description A packaged loan with exclusive benefits	Product Description A packaged loan with exclusive benefits	Product Description A loan with a locked in rate and repayment for a fixed term	Product Description A basic variable loan with a 3 year discount	Product Description A variable loan with an extensive range of features	Product Description Our standard credit facility	Product Description A credit facility with exclusive package benefits
View Product Page	View Product Page	View Product Page	View Product Page	View Product Page	View Product Page	View Product Page	View Product Page
Interest Rates
View Interest Rates	View Interest Rates	View Interest Rates	View Interest Rates	View Interest Rates	View Interest Rates	View Interest Rates	View Interest Rates
Features
Interest Rate Style Variable	Interest Rate Style Variable	Interest Rate Style Fixed	Interest Rate Style Fixed	Interest Rate Style Variable	Interest Rate Style Variable	Interest Rate Style Variable	Interest Rate Style Variable
Split loan Yes	Split loan Yes	Split loan Yes	Split loan Yes	Split loan Yes	Split loan Yes	Split loan Yes	Split loan Yes
Additional repayments Yes	Additional repayments Yes	Additional repayments Yes	Additional repayments Yes	Additional repayments Yes	Additional repayments Yes	Additional repayments Yes	Additional repayments Yes
Mortgage Offset Account 100%	Mortgage Offset Account 100%	Mortgage Offset Account No	Mortgage Offset Account No	Mortgage Offset Account Partial	Mortgage Offset Account Partial	Mortgage Offset Account N/A	Mortgage Offset Account N/A
Redraw Yes	Redraw Yes	Redraw Yes	Redraw No	Redraw Yes	Redraw Yes	Redraw N/A	Redraw N/A
Mortgage Portability Yes	Mortgage Portability Yes	Mortgage Portability Yes	Mortgage Portability Yes	Mortgage Portability Yes	Mortgage Portability Yes	Mortgage Portability Yes	Mortgage Portability Yes
Interest Only Option Yes	Interest Only Option Yes	Interest Only Option Yes	Interest Only Option Yes	Interest Only Option Yes	Interest Only Option Yes	Interest Only Option Yes	Interest Only Option 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 based loans.	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 based loans.	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 based loans.	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 based loans.	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 based loans.	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 based loans.	Maximum Loan to Value Ratio Up to 80% of the value of the property.	Maximum Loan to Value Ratio Up to 80% of the value of the property.
Fees and Charges
Establishment fee Nil	Establishment fee Nil	Establishment fee Nil	Establishment fee $595	Establishment fee $595	Establishment fee $595	Establishment fee Nil	Establishment fee Nil
Ongoing account keeping fees Nil	Ongoing account keeping fees $395 p.a.	Ongoing account keeping fees $395 p.a.	Ongoing account keeping fees Nil	Ongoing account keeping fees Nil	Ongoing account keeping fees Nil	Ongoing account keeping fees $10 per month	Ongoing account keeping fees $395 p.a.

Our home loans

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With many customers now choosing contactless ways of banking, you will find these branches open on a Saturday morning: Waratah, Wallsend, Greenhills, Charlestown Square, Raymond Terrace, Glendale, Kotara, Mount Hutton, Swansea, Erina, and Tuggerah.

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Here’s some information for you:

Applications are subject to credit approval. Full terms and conditions will be included with our loan offer. Fees and charges are payable.
References to “interest only” on this page refer to loans with interest based repayments, which are calculated slightly differently from traditional interest only repayments – please ask us for further details. 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.

*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 based repayments are calculated based on an initial 5 year period for interest based repayments. Comparison rates for fixed rate loans with interest based repayments are calculated based on an initial period for interest based 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.

Interest rates effective as of 20/09/2020 and are subject to change without notice.

Premium Variable Home Loan

Our Premium Variable Home Loan gives you a competitive variable home loan rate with loads of handy features.

Premium Variable Home Loan

Premium Variable

Comparison rate

Award-winning home loans

Home Loan Overview

Premium Variable Home Loan Overview

Home Loan Guides

Home Loan tools

Tools and Calculators

Home Loan Calculators

Select a calculator

What will my repayments be?

Initial repayments at 0.00% p.a.

Repayments at 0.00% p.a.

Initial repayments at 0.00% p.a.

Repayments at 0.00% p.a.

Initial repayments at 0.00% p.a.

Repayments at 0.00% p.a.

Extra monthly repayments

$0

How much can I borrow?

Income (before tax)

Applicant 1

Investment income e.g. rental income

Other income

Applicant 2

Investment income e.g. rental income

Other income

Expenses

Will you continue to pay rent after you get this loan?

You could borrow up to

How much can I borrow based on preferred repayments?

You could borrow up to

Home Loan Comparison

Compare our home loans

Our home loans

Get in touch

Find a local branch

Find a local branch or ATM

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