Newcastle Permanent
Business Loan Variable Rate Interest Only
If you need to borrow money for your business, whether it’s to purchase a property or any other business purpose, our Business Fully Drawn Advance can help you access the finance you need to reach your business goals.
At a glance
- Pricing
- Rates on application
- Variable
- 8.26%
- Upfront fee
- $600
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableBase rate only, an additional margin is applied for security type (cash, residential and commercial) and the applicants credit risk. | Interest only | — | — | 8.26% | — | — |
§ 02 — Fees · 11
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Consent and Execution of Leases, Plans of Subdivision etc. | Event | $150 | — | Consent and Execution of Leases, Plans of Subdivision etc. |
| Limit Excess Fee | Event | $17.50 | — | A limit excess fee of $17.50 each time the facility limit is exceeded. If the balance owing exceeds the facility limit with or without our approval, we charge interest on that excess at the default r… |
| Partial Release and Discharge of Security Fee | Exit | $250 | — | Payable whenever we arrange for a Partial Release or Discharge of Security. |
| Replacement Document Fee | Replacement | $100 | — | Fee is payable for replacement of documents due to the original documentation being lost or amendments to the original documents being required. |
| Application Fee | Upfront | 0.25% of balance | — | Also known as establishment fee and payable when you accept the commercial letter of offer. (Does not apply to Residentially Secured Business Loan). |
| Registration Fee | Upfront | Varies | — | Payable to us when there are additional costs associated with registration (for example, this may include a discharge of mortgage fee, transfer fee or any other dealing fee). |
| Settlement Fee | Upfront | Varies | — | Settlement fee is estimated at $300 per settlement. |
| Upfront Fees Residential Security | Upfront | $600 | — | For new facilities secured by residential property, this single fee replaces Application Fee, Valuation Fee, Legal and Documentation Fee. |
| Upfront Legal & Document Fees | Upfront | Varies | — | Minimum Fee is $250. The costs for reviewing documents and preparing security documents and facility agreements differ based on the type of security and other factors. The estimated fees will be prov… |
| Valuation Fee | Upfront | Varies | — | The cost of each valuation report required to be issued. |
| Interest Rate Conversion Fee | Variation | $250 | — | Fee is payable for interest rate maintenance/conversion with a Letter of Variation or Letter of Advice. |
§ 03 — Features
RedrawExtra repaymentsDigital bankingRelationship manager
- · Flexible repayment terms available up to a maximum of 30 years if residentially secured, or to a maximum of 20 years if commercial, industrial, cash or mixed security.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Available to permanent Australian Residents.
- · Available to businesses
§ 05 — Compare
§ 06 — Run the numbers
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Published by Newcastle Permanent Building Society under the Consumer Data Right, last changed by them on 25 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.