Intro Rate Home Loan
Buying a house and moving home can be a costly exercise. Our Intro Rate Home Loan gives you a handy discount off the Real Options Home Loan variable rate during the first year of your loan.
Home Loan facts at a glance
| Effective: 1 August 2010 |
| About the loan |
This home loan is for those who prefer a variable rate loan and want to take advantage of a discounted interest rate during the first year. The loan can be used to purchase, build, renovate or refinance a residential property whether it is your home or an investment property. |
| Discount |
0.70% p.a. discount off the Real Options Home Loan rate for the first year. |
| Establishment fee |
$500 |
| Ongoing account keeping fees |
Nil. |
| Maximum amount you can borrow |
Up to 95% of the value of the property for existing borrowers*
Up to 90% of the value of the property for new borrowes
|
| 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 term |
30 years. |
| Repayment frequencies |
Monthly, fortnightly or weekly by automatic transfer. |
| Repayment options |
Principal and interest repayments or you may prefer 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, Real Deal Home Loan or Premium Plus Package Home Loan. |
| Additional repayments |
Yes. You can make either regular additional repayments or extra lump sum repayments. 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 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. |
How to apply
If you are after a home loan that gives you more money in your back pocket for the first 12 months, complete our home loan enquiry form today to speak to our Mobile Lenders.
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, and Conditions of Use for credit cards are available on request.
*An existing borrower is any member of Newcastle Permanent that currently has a business loan, mortgage loan, personal loan, or credit card, which was funded at least 3 months before the date the application for the loan is submitted.