Newcastle Permanent Intro Rate Home Loan
Buying or moving into your new home can be very costly. There are many government and loan charges that can cost you a lot of money during the first year. Some home loans like to relieve the financial stress of the first year by reducing the interest rate for the beginning part of the loan. The Newcastle Permanent Intro Rate Home Loan is one of these loans that offer a special introductory rate. The Newcastle Permanent Intro Rate Home Loan offers you a discounted interest rate that is 0.70% below the real Options Home Loan rate for the first year of your loan. By taking advantage of the discounted interest rate and the features that come with the loan you can be sure to save money with the Newcastle Permanent Intro Rate Home Loan.
Features of the Newcastle Permanent Intro Rate Home Loan
In addition to the discounted interest rate the Newcastle Permanent Intro Rate Home Loan offers a range of features that are there to help you save money. These features are:
- A small deposit. The Newcastle Permanent Intro Rate Home Loan allows you to borrow up to 95% of the home value if you are an existing customer. If you are a new customer you must pay 95% of the value of the property. The maximum loan term is 30 years.
- Repayment flexibility. You can choose between weekly, fortnightly and monthly repayments when using the Newcastle Permanent Intro Rate Home Loan. This can allow you to synchronise your repayments with the times when your wage is paid.
- Credit card. People who are accepted for the Newcastle Permanent Intro Rate Home Loan are also preapproved for a value + credit card. The limit of the initial card will be $5,000.
- You can split the loan. By splitting the loan you are able to pay different rates of interest on separate parts of the loan. For example, you can set half your loan to a fixed rate and the other half to a variable rate. This can allow you to take advantage of the lower interest rates when they come around, while protecting yourself from the full effects of rate rises.
- Additional repayments. At any time you can make additional payments onto the Newcastle Permanent Intro Rate Home Loan account. This will help you pay off your loan faster while reducing the amount you will pay on interest. You can also redraw any of these additional funds you have deposited.
- Mortgage offset facility. The Newcastle Permanent Intro Rate Home Loan offers a partial mortgage offset facility. This feature allows you to treat funds in the nominated account as being against the loan. While you still have access to these funds the interest on the loan will be lower as these funds are taken into account.
- The loan is portable. If you have to move before you have paid off the loan you can move the Newcastle Permanent Intro Rate Home Loan with you to your new house. This is handy as it allows you to avoid all the extra charges that are associated with applying for another loan.
- Fees. The Newcastle Permanent Intro Rate Home Loan offers you a loan with $0 ongoing fees on the loan account. However, a $500 establishment fee is charged.
When buying your new home there are so many costs that every saving you can make helps. The Newcastle Permanent Intro Rate Home Loan helps you move into your new home by giving you a reduced interest rate for the first year of the loan. In addition to the discounted interest rate, the Newcastle Permanent Intro Rate Home Loan offers a range of features that will help you save even more money. Please do not hesitate to contact us if you have any more questions.
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
Ask A Question About This Product