Real Options Home Loan
Our Real Options Home Loan offers a competitive variable interest rate. Plus there are no extras such as monthly or annual account keeping fees.
Home Loan facts at a glance
| Effective: 1 July 2011 |
| About the loan |
A low variable rate home loan and 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 part of the package. |
| Current variable rate |
Real Options variable rate |
| Comparison rate |
Comparison rate |
| Establishment fee |
$500 |
| Ongoing account keeping fees |
Nil. |
| Maximum amount you can borrow |
Up to 95% of the value of the property.
|
| 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: Real Deal, 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. |
| 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. |
Home Loan Key Facts Sheets
When choosing a home loan, it's important to work out what you want from your loan and how much it will cost you. Key Facts Sheets present information about our home loans in a standardised format and have been designed to make comparing home loans easier. You can generate a Key Facts Sheet based on your preferred loan amount, terms and interest type by clicking here.
How to apply
If you are after a home loan that offers flexibility, complete our home loan enquiry form online today to speak to our Mobile Lenders.
For more information on all loans, view our home loans page.
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 are available on request.