Real Deal Home Loan

This loan has a broad appeal and is ideally suited to those seeking a low ongoing rate and long term savings on their loan.

Facts at a glance

Effective: 29 August 2008
About the loan	A low variable 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 variable rate
Comparison rate*	Comparison rate
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 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 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.