Newcastle Permanent Premium Plus Package $500k – $750k
There are a few ways to reduce the interest rate and the total amount you pay on a home loan. Most places will offer a reduced interest rate with the more you borrow or may even eliminate fees that are charged to loans of lower amounts. The Newcastle Permanent Premium Plus Package $500k – $750k gives you all the features of the Newcastle Permanent Premium Plus Package while excluding some fees. By eliminating some fees the total amount the loan will cost you will be dramatically reduce.
Features of the Newcastle Permanent Premium Plus Package $500k – $750k
The Newcastle Permanent Premium Plus Package $500k – $750k allows offers a great loan with many features. These features are:
- Flexibility in your repayments. When paying off theNewcastle Permanent Premium Plus Package $500k – $750k you can choose how you would like make the repayments. You can choose between weekly, fortnightly or monthly repayments. This will allow you to tailor the repayments to your income.
- Interest only repayments. Most loans require you to pay both interest and principal payments when repaying you loan. However, the Newcastle Permanent Premium Plus Package $500k – $750k allows you to pay only the interest that is charged to your account for a period of up to 5 years.
- You can make additional repayments. You are able to make additional repayments to the Newcastle Permanent Premium Plus Package $500k – $750k home loan. You can make these payments at anytime for no charge. These payments ultimately lower the loan amount and reduce the amount of interest that is charged to your account. You will not be charged for using this facility as long as you don’t pay off the loan in the first four years of the loan.
- Redraw facility. If you choose to make these additional repayments you can also have peace of mind knowing that these funds are able to be withdrawn at anytime. If you need some extra funds you can withdraw the extra money you have paid onto the account for no extra charge.
- Repayment holiday. Instead of withdrawing the additional repayments you can use the additional payments to pay the loan repayments for a period of time. This can give you some time off your repayments so you can spend the money elsewhere.
- Mortgage offset account. The mortgage offset account offered by the Newcastle Permanent Premium Plus Package $500k – $750k home loan allows you to reduce the amount of interest that is charged to the account. The funds that you put in this account are included on the total amount of the loan when calculating interest. By keeping your savings in this account you can save a significant amount of money over the course of your loan.
- Insurance discounts. The Newcastle Permanent Premium Plus Package $500k – $750k home loan also entitles you to get discounts on the insurance product costs offered by The Newcastle Permanent. These discounts include:
- A 5% discount on Comprehensive Car Insurance.
- A 10% discount on Home and Contents Insurance.
- A 10% discount on Landlords Insurance.
- A 10% discount on Travel Insurance.
- Fees. The Newcastle Permanent Premium Plus Package $500k – $750k has many of the same features of the standard Newcastle Permanent Premium Plus Package. However, the Newcastle Permanent Premium Plus Package $500k – $750k also offers you a lowered service fee and no early termination fees.
When you are considering a home loan the cheaper the loan is not always the best option. There are loan packages that offer reduced rates to those borrowing over a certain amount. The Newcastle Permanent Premium Plus Package $500k – $750k home loan is one of these loan packages. It has many of the same features of the Newcastle Permanent Premium Plus Package but further saves you money by reducing some of the fees that are charged to you. Please contact us to find out more about this home loan.
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| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
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 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 |
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 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 |
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