Abstract Low‐temperature‐sintered Ni 0.5 Cu 0.125 Zn 0.375 Fe 1.98 O 4 ferrites co‐added with x wt% ( x = 0.00‐0.25 wt%) La 2 O 3 and 0.25 wt% Bi 2 O 3 were successfully prepared via conventional solid‐phase reaction method. The phase composition, microstructure, magnetic properties, and especially power loss variation of the samples were systematically studied. The results showed that all samples possessed a single spinel phase structure at a sintering temperature of 900°C, exhibiting high degree of densification and uniform grains. The appropriate amount of La 2 O 3 additive improved the saturation flux density and permeability of NiCuZn ferrites, simultaneously reducing the coercivity and power loss. The maximum permeability and the lowest power loss were achieved at x = 0.15 wt%. The corresponding sample had the homogeneous microstructure and excellent magnetic properties, being a promising low‐temperature co‐fired ferrite candidate for magnetic power components.