Invest in property
Real Deal Home Loan Investment Special 1
5.69
%***
p.a.
Comparison rate
5.73
%*
p.a.
Investment loans with principal and interest repayments. LVR ≤80%. Min new or increased borrowings of $150K.
Up to $3,000 cashback^
By applying for a new purchase or refinancing with us online.
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Grow your property portfolio
Grow your investment property portfolio knowing that you are benefiting from one of our lowest investment variable rates. Seasoned landlords and first time property investors alike can enjoy the best of both worlds with the flexibility to split a portion of your loan between both fixed or variable rates.
Packed with options to maximise your investment, you can choose from principal and interest with a Loan to Value Ratio (LVR) of up to 95% or interest only with an LVR of up to 90%.
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Ideal for refinancing or buying a new home.
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Great for those wanting assistance with an existing loan.
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Calculators and features
| Minimum loan amount | $50,000 |
| Maximum loan term | 30 years |
| Additional repayments | You can make regular additional repayments and extra lump sum payments. |
| Redraw facility | Yes. Available on application. No minimum redraw amount and you can redraw all amounts in advance. Online redraw is fee free. Branch redraw fee applies. |
| Repayment frequency | Monthly, fortnightly or weekly repayments. |
| Repayment holiday | Yes |
| Repayment options | Principal & interest or interest only. |
| Split loan | Split your home loan into multiple loan accounts. For example, one could be a fixed rate and one a variable rate. |
| 100% Interest offset account^^ | Not available, however eligible accounts may be linked and the credit interest rate which would otherwise be payable is offset against the interest charged each month on your loan (however there is no additional interest benefit). Please see the Everyday Account Product Schedule or talk to us for more information. |
| Mortgage portability | Yes |
| Maximum loan to value ratio | Less than 95% of the value of the property for owner occupied and investment loans. Lower LVR’s apply to Interest only loans. |
| Real Deal Home Loan - Investment - Special*** | LVR 80% and below (Special 1) |
Comparison rate* (Special 1) |
LVR above 80% (Special 2) |
Comparison rate* (Special 2) |
|---|---|---|---|---|
| Real Deal Investment - Special | 5.69% p.a. | 5.73% p.a. | 6.34% p.a. | 6.38% p.a. |
| Real Deal Home Loan - Investment - Special## | LVR 80% and below (Special 1) |
Comparison rate* (Special 1) |
LVR above 80% (Special 2) |
Comparison rate* (Special 2) |
|---|---|---|---|---|
| Real Deal Investment Special - Interest Only | 5.94% p.a. | 5.83% p.a. | 6.64% p.a. | 6.51% p.a. |
| Annual fee | Nil |
| Establishment fee | $595 |
| Monthly fee | Nil |
Popular property investor articles
A guide to investment home loans
Getting the right loan is just as important as buying the right property.
Fees and charges apply. Applications are subject to credit approval. Loan Terms and Conditions are provided with loan offers and available here.
*** Real Deal Investment At the current time, special interest rates are available for new borrowers applying for a Real Deal Home Loan for investment purposes 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:
- They have a Real Deal Home Loan for investment purposes with principal and interest repayments and they increase it by a minimum of $150,000 in new borrowings; or
- They convert an existing Newcastle Permanent loan to a Real Deal Home Loan for investment purposes 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 discount is the rate that is effective at the time the loan application is received by Newcastle Permanent and is determined by reference to the applicable Loan to Valuation Ratio (LVR). Currently, the LVR requirements are as follows:
- Special 1 - For loans with an LVR of less than or equal to 80%, a discount of 2.25% is deducted from the Real Deal Investment Home Loan interest rate.
- Special 2 - For loans with an LVR of greater than 80%, and less than 95%, a discount of 1.60% is deducted from the Real Deal Investment Home Loan interest rate.
## Real Deal Investment Interest Only At the current time, special interest rates are available for new borrowers applying for a Real Deal Home Loan for investment purposes with interest only repayments with a minimum balance of $150,000. Existing Newcastle Permanent customers are also eligible to receive the special interest rates if:
- They have a Real Deal Home Loan for investment purposes with interest only repayments and they increase it by a minimum of $150,000 in new borrowings; or
- They convert an existing Newcastle Permanent loan to a Real Deal Home Loan for investment purposes with interest only repayments and they increase it by a minimum of $150,000 in new borrowings.
Converted borrowings do not constitute new borrowings. The discount is the rate that is effective at the time the loan application is received by Newcastle Permanent and is determined by reference to the applicable Loan to Valuation Ratio (LVR). Currently, the LVR requirements are as follows:
- Special 1 – For loans with an LVR of less than or equal to 80%, a discount of 2.45% is deducted from the Real Deal Home Loan for investment purposes – Interest Only interest rate.
- Special 2 – For loans with an LVR of greater than 80%, and less than 90%, a discount of 1.75% is deducted from the Real Deal Home Loan for investment purposes – Interest Only interest rate.
At the end of the Interest Only period, the loan will revert to the relevant Real Deal Home Loan interest rate for investment purposes with principal and interest repayments.
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. 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.
References to "LVR" mean Loan to Value 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.
^^ 100% Offset account is not available however this loan type is eligible to be linked to an Everyday Account known as a Partial Offset. Please see the Product Schedule or talk to us for more information.
^Online Cashback Offer available for eligible loan application submitted via our online application channel. $2,000 cashback for loans $250-$499k or $3,000 for loans ≥$500k. 80% LVR or less. Excludes refinances from Greater Bank, part of NGM Group. If eligible, cashback payment will be made within 60 days of the loan settlement date (loan must still be open at time of payment). Only one (1) cashback payment per eligible loan and for first eligible loan only. Not available where any loan cashback has been paid within the past 12-months, or in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Online Cashback Offer Terms and Conditions