Following the RBA's announcement this week we have made changes to our interest rates. Read more here.

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BSB 650 000

Enjoy a great low rate

2.37
%
P.A.
Real Deal - Special 1**
2.41
%
P.A.
Comparison rate*
Enquire now

Owner occupied home loans with principal and interest repayments and at the current time, an LVR of less than or equal to 80%.

Up to $3,000 cashback for switching your home loan^

  • Smile icon $2,000 cashback for refinanced loans ≥ $250,000
  • Cash icon Plus a bonus $1,000 cashback for refinanced loans ≥$500,000
  • building icon For owner-occupied and investment home loans,
    LVR ≤90%
  • moneybag icon Paid into your
    Newcastle Permanent account
Cashback Terms and Conditions.
Bonus Cashback Terms and Conditions.

Real Deal Home Loan

From first home buyers to refinancing, our Real Deal Home Loan is packed with all the features and no ongoing fees, helping you potentially pay your loan off sooner. Enjoy the best of both worlds with the flexibility to split a portion of your loan between both fixed or variable rates.

  • Better value banking icon No ongoing fees No monthly or annual fees.
  • access icon Redraw Access extra cash when needed if you are ahead on your loan.
  • npbs icon Repayment options Principal and interest or interest only options available.
  • chat Chat with a local Our local branches and call centre are ready to help you.

"Based on interest rates, products and flexibility, Newcastle Permanent was way ahead of the other banks for us." -Molly and Michael.

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Help with your home loan

Our local lenders are here to guide you through the process of buying a home from start to finish. Available over the phone or in person, you can get the specialist help you need without leaving your house.

Save yourself the time and stress and make an appointment today.


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Features

  • Loan features

    Real Deal Home Loan overview


    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 Available to redraw repayments in advance. Fees apply.
    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 – Special

    We are offering Real Deal Special interest rates, reducing our Real Deal Home Loan rates for home loans that meet certain eligibility requirements.  The Special Offer is available for new and existing borrowers.

    The Real Deal Special interest rates may vary depending on whether the loan is for owner occupied** or investment*** purposes, the type of repayments (principal and interest or interest only) and the applicable Loan to Value Ratio (LVR).  Exclusions apply.

    See some of our Real Deal Special interest rates for home loans with principal and interest repayments.

  • Interest rates & fees

    Real Deal - Special 1 2.37%p.a. 2.41%p.a.
    Real Deal - Special 2 2.67%p.a. 2.71%p.a.
    Discounted Real Deal^ 3.85%p.a. 4.07%p.a.
    Real Deal 4.10%p.a. 4.14%p.a.

    All interest rates displayed are for Owner Occupied loans with Principal & Interest repayments and are subject to change.

    See all interest rates.
    Real Deal Investment - Special 1 2.57%p.a. 2.61%p.a.
    Real Deal Investment - Special 2 2.77%p.a. 2.81%p.a.
    Real Deal Investment 4.44%p.a. 4.48%p.a.

    All interest rates displayed are for investment loans with Principal and Interest repayments and are subject to change. 

    See all interest rates.

    Establishment Fee $595
    Annual Fee Nil
    Monthly Fee Nil

    Mortgage Fees & Charges - PDF 113kb  

    Get the facts with our Home Loan Key Facts Sheet.

  • Find a lender

    Local lender

    Let us come to you! Find a local lending specialist in your area.

    Available over the phone or in person, you can get the loan expertise you need without leaving your house.

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Save up to 10%

Save up to 10% on your first year's premium when purchasing a new Home, Landlord or Comprehensive Motor Insurance policy online.~~@&

Get a quote

~~@&Terms and Conditions apply.

Tips on saving through to settlement

Applications are subject to credit approval. Full terms and conditions will be included with our loan offer. Fees and charges are payable.
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.
**Real Deal 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:
•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
•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:
•Special 1 – For loans with an LVR of less than or equal to 80%, a discount of 1.73% is deducted from the Real Deal Home Loan interest rate.
•Special 2 – For loans with an LVR of greater than 80%, and less than 95%, a discount of 1.43% is deducted from the Real Deal Home Loan interest rate.
Terms and conditions, fees, charges and credit criteria apply.
***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 special interest rate is determined by reference to the applicable 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 1.87% 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 1.67% is deducted from the Real Deal Investment Home Loan interest rate.
*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.
Interest rates effective as of 19/05/2022 and are subject to change without prior notice.
^ 3 year discount of 0.25% off the Real Deal variable interest rate (Principal & Interest or Interest Only repayments). Rate reverts to Real Deal variable interest rate at end of 3 year discount period. Offer available for new mortgage owner occupied home loan applications. Terms and Conditions apply.
~~Save up to 10%: When you buy a new home insurance policy online a discount of up to 10% is applied to your first year’s premium including the following optional covers (if selected); Accidental damage, Flood, Motor Burnout and Portable Contents. This discount is not applied on renewal. When you buy a new landlord insurance policy online a premium discount of up to 10% is applied to your first year’s premium including the optional covers (If selected) Flood & Rent Default and Theft by Tenant. This discount is not applied on renewal. The online discount applies to new Comprehensive Motor insurance policies only. Any online discount offered are applied to our standard rates (excluding optional covers) and are for the first year’s premium only (unless otherwise stated). Promotional or other discounts may apply from time to time for customers who apply for insurance via other methods.
@To access your Premium Plus Package insurance discount please visit us at your local branch or alternatively call us on 13 19 87. This discount is not available online.
&Minimum Premiums: If you are eligible for more than one discount, Allianz applies them in a predetermined order. This means any subsequent discount will be applied to the reduced premium amount after applying any prior discounts and the effect of the subsequent discount will be reduced. For example, the aggregate effect of applying two 10% discounts consecutively means that you will not see the full benefit of both these discounts. Discounts do not apply to taxes or government charges. Discounts do not apply to optional covers for Domestic workers’ compensation / Landlord workers’ compensation, and may not apply to other optional covers (if available and selected). Any discounts/entitlements may be subject to rounding and may only apply to the extent that any minimum premium is not reached.
^Cashback Offers available for home loans refinanced from another financial institution. $2,000 cashback for loans ≥$250,000; bonus $1,000 cashback for loans ≥$500,000. Applications must be submitted by 30/06/2022 and funded by 31/08/2022. Applicable cashback amount will be deposited after loan settlement to an eligible Newcastle Permanent Deposit Account. Only one (1) Cashback Payment and, if applicable, additional Bonus Cashback Payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offers may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions and Bonus Cashback Offer Terms and Conditions.