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Newcastle Permanent Real Deal Home Loan

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A special discount on your interest rate and a waived establishment fee could make the Real Deal home loan worth considering

If you choose a Newcastle Permanent’s Real Deal home loan to finance the purchase of your next property, you could save up to 0.25% p.a. off of the variable interest rate for the first three years of the loan. Both of these offers are available for a limited time only to new mortgage loan applications.

The Newcastle Permanent Premium Plus Package Home loan has a low variable rate and many additional features designed to help you save money when paying off your home loan. It offers discounts on interest rates, as well as on other banking and finance products, in exchange for an annual fee.

Refinance cashback offer

Borrowers switching to an eligible Newcastle Permanent home loan can receive a $2,000 cashback for a limited time. To qualify, you need to refinance a loan amount of $250,000 or more with an LVR of 80% or lower. This offer is available for customers refinancing owner-occupier and investor loans. The offer ends on 30 November and your loan must be funded by 31 January 2021.

Interest Rate Max Insured LVR Max LVR
(Investor, IO)
4.64% p.a.
Comparison Rate
4.40% p.a.
95% 80%
(Owner Occupier Special Rate, IO)
2.99% p.a.
Comparison Rate
2.77% p.a.
95% 80%
(Owner Occupier, IO)
4.34% p.a.
Comparison Rate
4.08% p.a.
95% 80%
(Owner Occupier, P&I)
3.85% p.a.
Comparison Rate
3.89% p.a.
95% 80%
Special Offer 1 (Investor, IO)
2.99% p.a.
Comparison Rate
3.02% p.a.
95% 80%
Special Offer 1 (Investor, P&I)
2.99% p.a.
Comparison Rate
3.03% p.a.
80% 80%
Special Offer 1 (Owner Occupier, P&I)
2.59% p.a.
Comparison Rate
2.63% p.a.
80% 80%
Special Offer 2 (Owner Occupier, P&I)
2.99% p.a.
Comparison Rate
3.03% p.a.
95% 80%
Product NameNewcastle Permanent Building Society Real Deal Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$595
Ongoing Fees$0 p.a.


  • No valuation fee
  • No ongoing fees
  • Redraw facility available


  • Application fee of $595
  • Only a partial offset account is available

Things to consider about the Newcastle Permanent Real Deal Home Loan

The Real Deal Home Loan is suitable for the purchase of a residential property, either by an owner occupier or investor. It comes complete with many of the options a home buyer looks for in a home loan, including flexibility in repayments and a redraw facility. It's not available for commercial loan purposes.

The standard variable interest rate for a Real Deal Home Loan is , but with the discount you'll be paying for the first three years. After that three year period, the rate reverts to the regular Real Deal variable interest rate, which is with a comparison rate of .

Features of the Newcastle Permanent Real Deal Home Loan

In addition to the special offers on interest and fees, the Real Deal Home Loan also has these following features for you to consider when comparing it to other mortgages:

  • Loan-to-Value Ratio (LVR). The maximum LVR is 95% of the property value. Keep in mind that for those who borrow over 80% of the property value may have to pay Lender’s Mortgage Insurance (LMI).
  • Loan terms. The maximum loan term for this loan is 30 years.
  • Repayment frequency. You can choose to make your repayments monthly, fortnightly or weekly with the Real Deal Home Loan. You're also permitted to make extra repayments which can help pay your loan off earlier.
  • Repayment types. If you want the option of extra cash on hand, you can choose to make interest-only repayments for up to five years. You may also take a holiday on making repayments altogether if you have enough additional funds from extra repayments to cover them.
  • Partial offset account. A partial offset account is available with this home loan. With a partial offset account, only a portion of the balance in the account will be applied to the principal before interest is calculated, as opposed to a 100% offset account where the entire balance is deducted.
  • Redraw. There's a redraw facility available with no minimum amount available with this loan. However, you are charged a fee when you take advantage of this option.
  • Loan amount. The minimum amount you can borrow with this loan is $50,000.
  • Package deal available. You can combine this Newcastle Permanent home loan with other products to create a package that best suits your circumstances.

What fees and charges come with this loan?

  • Establishment fee, $595. A one-off establishment fee applies.
  • Ongoing fee. There is no monthly or yearly charge to the home loan for account-keeping.
  • Redraw fees. You will be charged a fee if you redraw any extra repayments that you have made towards the value of the loan. This is $10 per redraw processed online, or $35 for redraws conducted at a Newcastle Permanent Branch.
  • Discharge settlement fee. This will apply only if you need Newcastle Permanent to produce the title deed when the loan is paid in full.

How to apply for the Newcastle Permanent Real Deal Home Loan

Before making the decision that this is the right home loan product for you, make sure that you meet the following eligibility requirements:

  • Age. You'll have to be at least 18 years of age to be considered eligible for this home loan.
  • Credit history. To increase your chances of being approved for any home loan product, you should work on keeping a good credit history.

If you meet these requirements and would like to apply for the Real Deal Home Loan click the "Go to Site" button. This will take you safely to the loan inquiry page. Here you will be asked to fill out a contact form so that a Newcastle Permanent home loans expert can get in touch with you to discuss your options.

When applying for a home loan product be prepared to present the following documentation:

  • Personal information. This should be your full name, date of birth and permanent address. You will also need to present a verifiable form of identification such as a valid driver’s licence.
  • Employment history. Recent employment information including how to contact your present employer, amount of time you have been with them and your rate of pay.
  • Income. Documentation that verifies both your gross and net income. This could be recent pay slips or tax forms.
  • Liabilities. Liabilities refers to any current debts you hold. This includes open loans, credit cards and overdraft accounts. Lenders will ask for current balances, monthly repayments and available credit.

While the competitive interest rate and waived establishment fee are appealing features of this home loan, there are other points to take into considerations such as the offset account.

When comparing this loan with others, be sure that you look at all of the features offered to make sure that you are getting the best value for your situation.

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Newcastle Permanent Building Society Real Deal Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $595 / 0

  • Max LVR


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