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The choice is black and white

Buying your first home can be an exciting, but an overwhelming time. That’s why at Newcastle Permanent with our personal service, award-winning home loans, and $2,500 cashback^ for first home buyers, the choice is black and white.

If you are just starting out on your first home buying journey or you have already found the home you want to buy, we have the tools to help make your dreams a reality. Compare our most popular Real Deal variable rate and fixed rate package home loans to see what suits your needs and understand the difference between fixed and variable interest rates.

Talk to Canstar’s 2019 NSW customer-owned lender of the year for first home buyers. Our local mobile lenders are here to help you on your home buying journey and can visit you at a place and time that works for you.

View cashback terms and conditions (PDF).

You may be eligible for the cashback offer if you meet these key criteria

  • Icon face symbol Buying your first home
  • Icon cash symbol Minimum loan amount of $250,000
  • Icon house symbol Owner occupied home loan
  • Icon money bag symbol Principal and interest repayments

Applications must be submitted by 30/04/20 and funded by 30/06/20. The $2,500 cashback will be deposited after settlement to a Newcastle Permanent Everyday Account in the same name(s) as the loan. Not available in conjunction with any other promotional payment.

Buying a house is such a massive commitment, but there were no hidden catches with Newcastle Permanent.

Luke and Chloe,
Cardiff South
The Canstar 2019 Customer Owned Institution of the Year was received in December 2019 for the First Home Buyer category (NSW). The Mozo Experts Choice Award – First Home Buyer Loan 2019 was received in September 2019 for the Real Deal Home Loan.
^Offer available to first home buyers on new owner occupied home loans with principal and interest repayments. Minimum borrowing $250,000. Applications must be submitted by 30/04/20 and funded by 30/06/20. The $2,500 cashback will be deposited after settlement to a Newcastle Permanent Everyday Account in the same name(s) as the loan. Only one (1) cashback payment per eligible loan. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. Loan to Valuation Ratio (LVR) less than 95%. Loan to Valuation Ratio is calculated by dividing the loan amount by the value of the property (as determined by us). There may be a difference between the purchase price and the value of the property. Applications for finance are subject to Newcastle Permanent's normal credit approval process. Fees, charges, terms and conditions apply.
Applications are subject to credit approval. Full terms and conditions will be included with our loan offer. Fees and charges are payable.
References to “interest only” on this page refer to loans with interest based repayments, which are calculated slightly differently from traditional interest only repayments – please ask us for further details. References to "LVR" mean Loan to Valuation Ratio which is calculated by dividing the loan amount by the value of the property (as determined by us). There may be a difference between the purchase price and the value of the property.
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.
Interest rates effective as of 28/02/2020 and are subject to change without notice.
** At the current time, special interest rates are available for new borrowers applying for a Real Deal Home Loan for an owner occupied home with principal and interest repayments with a minimum balance of $150,000. Existing Newcastle Permanent customers are also eligible to receive the special interest rates if:
o they have a Real Deal Home Loan with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings; or
o they convert an existing Newcastle Permanent loan to a Real Deal Home Loan with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings.
Converted borrowings do not constitute new borrowings.
The special interest rate is determined by reference to the applicable LVR. Currently, the LVR requirements are as follows:
o Special 1 – For loans with an LVR of less than 90%, a discount of 0.91% is deducted from the Real Deal Home Loan interest rate.
o Special 2 – For loans with an LVR of equal to or greater than 90%, and less than 95%, a discount of 0.64% is deducted from the Real Deal Home Loan interest rate.
Terms and conditions, fees and charges apply.
* The comparison rate is calculated on a loan amount of $150,000 for a term of 25 years based on monthly repayments. Comparison rates for variable rate loans with interest based repayments are calculated based on an initial 5 year period for interest based repayments. Comparison rates for fixed rate loans with interest based repayments are calculated based on an initial period for interest based repayments equal in length to the fixed period. You should consider whether the loan is suitable for you. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.