Customer-owned mutual with no shareholders, part of Newcastle Greater Mutual Group Ltd with Greater Bank after members voted for the merger in 2022. It lends home loans, bridging loans, and secured and unsecured personal and car loans.
Newcastle Permanent (Newcastle Greater Mutual Group) is a customer-owned (mutual) lender. It offers home loans, car loans and personal loans.
On APRA’s August 2026 figures, Newcastle Greater Mutual Group Ltd held $19.6 billion of home loans on its Australian books: 0.8% of the housing lending by the deposit-taking institutions APRA reports, the 13th largest of the 64 with home loans.
We checked Newcastle Permanent's products and eligibility on its own website on 30 September 2026.
What Newcastle Permanent offers in each category, with the features, eligibility and trade-offs we note. Where we captured a current rate from Newcastle Permanent’s own page in the last 60 days, it is shown with its comparison rate and a link to the source; for the other products, follow the link to Newcastle Permanent’s rate card.
*Comparison rates are calculated on the lender's own example: for home loans usually $150,000 over 25 years, for car and personal loans usually $30,000 over five years. 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.
Newcastle Permanent's home loan range covers the Real Deal Home Loan, the Premium Plus Package Variable Rate and Premium Plus Package Fixed Rate loans, and a Fixed Rate Home Loan with fixed terms of up to 5 years. It also offers a Bridging Loan with a maximum term of 12 months and no repayments during the bridging period.
The Real Deal Home Loan has no monthly or annual fees, a $595 establishment fee, a $50,000 minimum loan and a maximum term of 30 years. Redraw is fee free online, but a 100% offset account is not available. The Premium Plus Package loans have a $395 annual package fee and no establishment, redraw or monthly fees, and the variable version can link multiple Everyday Accounts with 100% interest offset.
Personal loans and car loans come as secured or unsecured loans with fixed rates for the life of the loan. The minimum loan is $5,000, and you could borrow up to $50,000 unsecured or up to $100,000 secured. A $250 application fee applies and is only payable after approval.
Newcastle Permanent's home loans are available for owner occupied and investment properties, with a maximum LVR of less than 95% of the property value and lower LVRs for interest only loans. Its property investor page says interest only investment loans are available with an LVR of up to 90%.
First home buyers can apply with as little as a 5% deposit. Newcastle Permanent says it is an approved lender for the Australian Government 5% Deposit Scheme, under which single parents may be able to buy with a 2% deposit.
To apply for a personal or car loan, you must be at least 18, live in Australia as an Australian citizen, permanent resident or New Zealand citizen, meet the minimum income requirements, be employed or have a regular income, and have a good credit rating. Its personal loan rates page says loans for commercial purposes are excluded.
Home loan applications can be completed online in under 15 minutes. If you want help, you can speak to a lender in person or over the phone, and Newcastle Permanent's local lenders can come to you, talk on the phone or meet you at a local branch.
For personal and car loans, you complete an enquiry form and Newcastle Permanent's team gets in touch within 3 business days to go through the next steps. You can also call Newcastle Permanent on 13 19 87.
Newcastle Permanent is part of Newcastle Greater Mutual Group Ltd (NGM Group), an authorised deposit-taking institution regulated by APRA. It describes itself as a mutual with no shareholders and says it has been helping customers with first homes through to investment properties for 120 years.
A Newcastle Permanent media release dated 3 November 2022 said members of Newcastle Permanent and Greater Bank had voted in favour of merging, creating Newcastle Greater Mutual Group Ltd, with the merger planned to take effect on 1 March 2023. The release said both the Greater Bank and Newcastle Permanent brands would be kept, and Newcastle Permanent's website still refers to Greater Bank as part of NGM Group.
Other lenders in our directory that offer home loans, car loans, personal loans, starting with other customer-owned lenders.
What Newcastle Permanent offers, the trade-offs, and who should look elsewhere.
Newcastle Permanent and Greater Bank are both brands of Newcastle Greater Mutual Group Ltd. A Newcastle Permanent media release from November 2022 said members had voted for the merger and that both brands would be kept. Newcastle Permanent's website refers to Greater Bank as part of NGM Group.
Yes. Newcastle Permanent says its online home loan application can be completed in under 15 minutes. If you prefer, you can speak to a lender in person or over the phone, or apply with a mobile lender at a place that suits you.
Yes, on the Premium Plus Package Variable Rate home loan, which lets you link multiple Everyday Accounts with 100% interest offset. That package has a $395 annual fee. A 100% offset account is not available on the Real Deal Home Loan, the Fixed Rate Home Loan or the Premium Plus Package Fixed Rate loan.
The minimum is $5,000. Newcastle Permanent says you could borrow up to $50,000 with an unsecured personal loan and up to $100,000 with a secured personal loan, which uses an asset such as a car, motorbike or term deposit as collateral. A $250 application fee applies and is only payable after approval.
Yes. Its Bridging Loan has a maximum term of 12 months, a rate that does not change during the bridging period and no repayments during that period. If the existing property is not sold within 12 months, Newcastle Permanent says it may treat this as a default and take action to ensure the property is sold.
Yes. Newcastle Permanent’s car lending includes Secured car loan. Compare it with the other car loan lenders on our car loan comparison page, which links to each lender’s current rates.
Newcastle Greater Mutual Group Ltd holds Australian Credit Licence 238273, the licence Newcastle Permanent operates under. You can check a licence on ASIC’s Professional Registers before you apply.