Intro Rate Home Loan

Buying a home can be an expensive process. There are so many extra costs involved in purchasing a property and they all seem to come at once. But here is a loan that can help you through those expensive first 12 months. Our Intro Rate Home Loan gives you a generous discount off the Real Options Home Loan rate for the first year of the loan, which puts more money back in your pocket.

A loan designed with the home buyer in mind – that's what we're here for.

Facts at a glance

Effective: 29 August 2008
About the loan	This loan is for those who prefer a variable rate loan and want to take advantage of a discounted interest rate during the first year. The loan can be used to purchase, build, renovate or refinance a residential property whether it is your home or an investment property.
Discount	0.70% p.a. discount off the Real Options Home Loan rate for the first year.
Establishment fee	$300
Ongoing account keeping fees	Nil.
Maximum amount you can borrow	Up to 100% of the value of the property if the loan is an owner occupied loan and up to 97% of the value of the property if the loan is for investment purposes.
Value+ Credit Card	Yes. Members have the option of a $5,000 pre-approved Value+ Credit Card with every new home loan approved.
Maximum loan term	30 years.
Repayment frequencies	Monthly, fortnightly or weekly by automatic transfer.
Repayment options	Principal and interest repayments or you may prefer interest only repayments (for up to 5 years).
Split loan	You can combine this loan with other Newcastle Permanent loan products including: Fixed Rate Home Loan, Real Equity Home Loan, Real Deal Home Loan or Premium Plus Package Home Loan.
Additional repayments	Yes. You can make either regular additional repayments or extra lump sum payments. An Early Repayment Fee applies if the loan is paid out within the first 4 years.
Mortgage repayment holiday	Yes. As long as there are enough additional funds in the loan account to meet the regular payments. Talk to your local Community Lending Manager to find out more.
Redraws	Yes. Available on application. No minimum redraw amount and you can redraw all amounts in advance. A fee applies to each redraw.
Mortgage Offset Account	Yes. A partial offset account is available.
Portability	Yes. You can keep the same loan when it comes time to sell your existing property and purchase a new one.