Real Deal Home Loan
This home loan has a broad appeal and is ideally suited to those seeking a low ongoing rate and long term savings on their loan.
Home Loan facts at a glance
| Effective: 19 May 2009 |
| About the loan |
A low variable home loan rate with no ongoing account keeping fees. Features such as a redraw facility, additional repayments and the choice of either principal and interest or interest only repayments (for up to 5 years) are all or part of the package. |
| Current variable rate |
Real Deal Home Loan variable rate |
| Comparison rate |
Comparison rate |
| Establishment fee |
$400 |
| Ongoing account keeping fees |
Nil. |
| Maximum amount you can borrow |
Up to 95% of the value of the property for existing borrowers*
Up to 90% of the value of the property for new borrowers
|
| 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 amount |
No maximum. |
| Repayment frequencies |
Monthly, fortnightly or weekly by automatic transfer. |
| Repayment options |
Principal and interest repayments or you may prefer to make 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, Intro Rate Home Loan or Premium Plus Package Home Loan. |
| Additional repayments |
Yes. You can make either regular additional repayments or extra lump sum repayments. 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 repayments. Talk to your local Mobile Lender 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. |
How to apply
If you are after a low ongoing rate and long term savings on your home loan, complete our home loan enquiry form today to speak to our Mobile Lenders.
Here's some more information for you:
Applications for finance are subject to Newcastle Permanent's normal credit approval process. Full Terms and Conditions will be included with our loan offer. Fees and charges are payable. Loans for commercial purposes are excluded. # Terms and Conditions for personal accounts, and Conditions of Use for credit cards are available on request.
* An existing borrower is any member of Newcastle Permanent that currently has a business loan, mortgage loan, personal loan, or credit card, which was funded at least 3 months before the date the application for the loan is submitted.