Newcastle Permanent home loan repayment calculator

Thinking about taking out a home loan with Newcastle Permanent? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Newcastle Permanent home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 2.59%

Total interest payable

$0

Total loan repayments

$0

Pros and cons

  • Loans can be bundled with other loan products.
  • Wide range of loan products with flexible features.
  • Some loans offer discounts on the interest rate.
  • Home loans have flexible features.
  • Moderate to high interest rates.
  • Limited branch network outside of NSW.
  • Some loans have ongoing fees.

Newcastle Permanent home loans rates

Advertised Rate

2.59%

Variable

Total estimated upfront fees
$595
Comparison Rate*

2.63%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$595
Comparison Rate*

2.77%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$595
Comparison Rate*

3.02%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$595
Comparison Rate*

3.03%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$595
Comparison Rate*

3.03%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.94%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.34%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.19%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.42%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

1.99%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.45%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.34%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.45%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.29%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.50%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.49%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.53%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.29%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.54%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.39%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.55%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.59%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.55%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.09%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.57%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.18%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.61%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.26%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.61%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.59%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.62%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.69%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.65%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.89%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.66%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.26%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.66%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.39%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.67%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.48%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.68%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.58%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.69%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.69%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.69%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.31%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.70%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.18%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.72%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.49%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.73%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.88%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.76%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.48%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.77%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.58%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.77%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.28%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.78%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.69%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.79%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.99%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.80%

Ongoing fee
$0
Go to site
More details
Advertised Rate

1.98%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.81%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.49%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.81%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.69%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.81%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.49%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.82%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.79%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.82%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.88%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.82%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.60%

Intro 36 months

Total estimated upfront fees
$0
Comparison Rate*

3.82%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.28%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.84%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.38%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.84%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.58%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.86%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.68%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.87%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.68%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.89%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.85%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.89%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.79%

Fixed - 5 years

Total estimated upfront fees
$595
Comparison Rate*

3.90%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.79%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.90%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.99%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.90%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.79%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.92%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.99%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.92%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.79%

Fixed - 5 years

Total estimated upfront fees
$595
Comparison Rate*

3.93%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.28%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.94%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.09%

Intro 36 months

Total estimated upfront fees
$0
Comparison Rate*

3.95%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.59%

Fixed - 4 years

Total estimated upfront fees
$595
Comparison Rate*

3.96%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.68%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.96%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.98%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.97%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.59%

Fixed - 4 years

Total estimated upfront fees
$595
Comparison Rate*

3.98%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.68%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.98%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.58%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.99%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.68%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.01%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.09%

Fixed - 5 years

Total estimated upfront fees
$595
Comparison Rate*

4.02%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.98%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

4.03%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.09%

Fixed - 5 years

Total estimated upfront fees
$595
Comparison Rate*

4.04%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.98%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

4.05%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.68%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.06%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.89%

Fixed - 4 years

Total estimated upfront fees
$595
Comparison Rate*

4.06%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.98%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.06%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.68%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.07%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.89%

Fixed - 4 years

Total estimated upfront fees
$595
Comparison Rate*

4.08%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.34%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.08%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.08%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.09%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.38%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.11%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.98%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.11%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.48%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.12%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.98%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.13%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.48%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.15%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.78%

Fixed - 2 years

Total estimated upfront fees
$595
Comparison Rate*

4.15%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.78%

Fixed - 3 years

Total estimated upfront fees
$595
Comparison Rate*

4.15%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.78%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.15%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.77%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.15%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.48%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.16%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.94%

Intro 36 months

Total estimated upfront fees
$595
Comparison Rate*

4.16%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.78%

Fixed - 3 years

Total estimated upfront fees
$595
Comparison Rate*

4.17%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.78%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.18%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.99%

Fixed - 7 years

Total estimated upfront fees
$0
Comparison Rate*

4.18%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

4.09%

Fixed - 10 years

Total estimated upfront fees
$0
Comparison Rate*

4.18%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.78%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.19%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

4.09%

Fixed - 7 years

Total estimated upfront fees
$0
Comparison Rate*

4.20%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.08%

Fixed - 3 years

Total estimated upfront fees
$595
Comparison Rate*

4.23%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.09%

Fixed - 7 years

Total estimated upfront fees
$0
Comparison Rate*

4.23%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

4.19%

Variable

Total estimated upfront fees
$595
Comparison Rate*

4.23%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.08%

Fixed - 3 years

Total estimated upfront fees
$595
Comparison Rate*

4.24%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.99%

Fixed - 10 years

Total estimated upfront fees
$0
Comparison Rate*

4.24%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

4.19%

Fixed - 10 years

Total estimated upfront fees
$0
Comparison Rate*

4.25%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.19%

Fixed - 7 years

Total estimated upfront fees
$0
Comparison Rate*

4.26%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.39%

Intro 36 months

Total estimated upfront fees
$595
Comparison Rate*

4.28%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.25%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.29%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.78%

Fixed - 2 years

Total estimated upfront fees
$595
Comparison Rate*

4.31%

Ongoing fee
$0
Go to site
More details

Newcastle Permanent customer service

Home loan customers at Newcastle Permanent can contact customer support by calling the hotline, submitting an online enquiry or face-to-face in any of the branches.

In addition to Newcastle Permanent ATMs, loan customers have access to fee free withdrawals at over 3,000 Westpac Group ATMs Australia wide.

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Branch

How to Apply

Newcastle Permanent provides potential customers with multiple ways of applying for a home loan. This includes calling the bank, filling in an online enquiry form or visiting a branch. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income.

You will also need to provide documentation when applying for a home loan. This may include:

  • Personal identification material.
  • Proof of income – whether you are self-employed or work for an employer.
  • Information regarding your current debts, liabilities and assets including any personal or car loans.

Learn more about home loans

How do you qualify for a CBA home loan with casual employment?

Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.

Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like. 

Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.

Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.

Does UBank offer home loan pre-approvals?

If you’re applying for a home loan with UBank, you can first get an approval in principle. You’ll need to provide information about your job and earnings, your household expenses, the assets you own and the debts you owe. 

UBank will assign a home loan specialist to discuss these details over a phone call, which can take about 30 minutes. 

The bank will then confirm if you’ve received in-principle approval for your home loan. Depending on how you submit your documents, this could take a few days or a few weeks. If successful, the approval will be valid for 60 days. 

Does Westpac offer loan maternity leave options?

Having a baby or planning for one can bring about a lot of changes in your life, including to the hip pocket. You may need to re-do the budget to make sure you can afford the upcoming expenses, especially if one partner is taking parental leave to look after the little one. 

Some families find it difficult to meet their home loan repayment obligations during this period. Flexible options, such as the Westpac home loan maternity leave offerings, have been put together to help reduce the pressure of repayments during parental leave.

Westpac offers a couple of choices, depending on your circumstances:

  • Parental Leave Mortgage Repayment Reduction: You could get your home loan repayments reduced for up to 12 months for home loans with a term longer than a year. 
  • Mortgage Repayment Pause: You can pause repayments while on maternity leave, provided you’ve made additional repayments earlier.

When applying for a home loan while pregnant, Westpac has said it will recognise paid maternity leave and back-to-work salaries. All you need is a letter from your employer verifying your return-to-work date and the nature of your employment. Your partner’s income, government entitlements, savings and investments will may help your application.

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

How long does Bankwest take to approve home loans?

Full approval for a home loan usually involves a property valuation, which, Bankwest suggests, can take “a week or two”. As a result, getting your home loan approved may take longer. However, you may get full approval within this time if you applied for and received conditional approval, sometimes called a pre-approval, from Bankwest before finalising the home you want to buy.  

Another way of speeding up approvals can be by completing, signing, and submitting your home loan application digitally. Essentially, you give the bank or your mortgage broker a copy of your home’s sale contract and then complete the rest of the steps online. Bankwest has claimed this cuts the approval time to less than four days, although this may only happen if your income and credit history can be verified easily, or if your home’s valuation doesn’t take time.

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

Does the family tax benefit count as income?

The family tax benefits are one of several government support payments that are not considered taxable income. Other such payments include child care subsidies, economic support payments, rent assistance, and carer allowances. If you file a tax return, you typically don’t need to mention such income on the return. However, some home loan lenders may accept family tax benefits as an income source when reviewing your home loan application. You’ll still need to meet other lending requirements, such as having a sufficiently high credit score and enough savings for a deposit before the loan will be approved.

Aussies receiving family tax benefits usually have an adjusted taxable income of no more than $55,626 a year. Alternatively, one spouse can be receiving income support payments from the government to be eligible. Most importantly, they need to have children dependent on them for care at least 35 per cent of the time. Children between the ages of 16 and 19 should be either full-time secondary students or have a somewhat comparable study load unless the government exempts them from these study requirements. 

Can I apply for an ANZ non-resident home loan? 

You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:

  1. You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
  2. Your job is included in the Australian government’s Medium and Long Term Strategic Skills List. 

However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.

How can I get ANZ home loan pre-approval?

Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget. 

At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.

An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.

You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).

What are the NAB term deposit interest rates for businesses?

If you’re looking to lock in a return on your business savings, one option is a business term deposit with NAB. The big four bank provides competitive interest rates while giving you the flexibility to choose the term. NAB offers business term deposit interest rates for investments of between $5,000 to $499,999.

NAB doesn’t charge any monthly account or application fees. The interest is calculated daily and for the 90-day term and six months term, you will get paid when the deposit matures. For the 12 months term, you can either choose to get paid monthly, quarterly, half-yearly or annually. 

If you wish to withdraw your funds before the deposit matures, you need to give NAB 31 days notice. However, they do make exceptions if you’re experiencing hardship and need the funds immediately. Either way, you may have to bear the prepayment cost, which you can learn more about in the Terms and Conditions.

How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.  

Where can I get all the information about an ANZ first home buyer’s loan?

As a first home buyer, you may require help and hand-holding, and as such ANZ has the buying your first home section on its website full of important information. ANZ also has a form in this section you can fill out to get a free consultation from an ANZ First Home Coach and create your own plan for buying your first home. This coach will help you understand where your current income is being spent and plan for your home loan repayments. You’ll get a clear picture of the costs involved in purchasing a property and how to budget or save for these costs. The coach will help you understand different deposit options and manage your accounts to enhance your savings.

There are three types of ANZ first home loans - Standard Variable, Fixed, and Equity Manager. The features, interest rates, and terms for each are different, and you can compare them here.

When they apply for an ANZ home loan, first home buyers can also get guidance on applying for the First Home Owner Grant (FHOG). This is a one-off government grant that may be available to you when you’re buying your first home. The eligibility criteria for FHOG differs between the different states and territories, which is why it’s helpful to have expert advice when applying.

Can I change jobs while I am applying for a home loan?

Whether you’re a new borrower or you’re refinancing your home loan, many lenders require you to be in a permanent job with the same employer for at least 6 months before applying for a home loan. Different lenders have different requirements. 

If your work situation changes for any reason while you’re applying for a mortgage, this could reduce your chances of successfully completing the process. Contacting the lender as soon as you know your employment situation is changing may allow you to work something out. 

Can I take a personal loan after a home loan?

Are you struggling to pay the deposit for your dream home? A personal loan can help you pay the deposit. The question that may arise in your mind is can I take a home loan after a personal loan, or can you take a personal loan at the same time as a home loan, as it is. The answer is that, yes, provided you can meet the general eligibility criteria for both a personal loan and a home loan, your application should be approved. Those eligibility criteria may include:

  • Higher-income to show repayment capability for both the loans
  • Clear credit history with no delays in bill payments or defaults on debts
  • Zero or minimal current outstanding debt
  • Some amount of savings
  • Proven rent history will be positively perceived by the lenders

A personal loan after or during a home loan may impact serviceability, however, as the numbers can seriously add up. Every loan you avail of increases your monthly installments and the amount you use to repay the personal loan will be considered to lower the money available for the repayment of your home loan.

As to whether you can get a personal loan after your home loan, the answer is a very likely "yes", though it does come with a caveat: as long as you can show sufficient income to repay both the loans on time, you should be able to get that personal loan approved. A personal loan can also help to improve your credit score showing financial discipline and responsibility, which may benefit you with more favorable terms for your home loan.