Newcastle Permanent Real Deal Home Loan
Current special offer on the Real Deal Home Loan
For loans received before the end of November 2011, Newcastle Permanent is offering a 0.25% interest rate discount for 3 years. Apart from the discounted interest rate, Newcastle Permanent will also waiver the establishment fee for all new loan applications. For those who may be reading this after the discount and special offer has expired, be sure to contact Newcastle Permanent to see what the updated special offers may be.
Features of the Real Deal Home Loan
Key features of this home loan are as follows:
- Interest rate:
- 6.56% variable interest rate
- 6.60% comparative interest rate
- Pay the principal and interest simultaneously
- Interest only for a 5 year maximum term
- $500 establishment fee (waived until 30 Nov 2011)
- No loan amount limitation
- $0 account managing fees
- 95% Maximum LVR
- 30 Years maximum loan term
- Flexible automatic transfer repayment frequencies:
- Monthly
- Fortnightly
- Weekly
- More repayments allowed without penalty
- Lump sum or on a
- More frequent frequency
- Obtainable split loan combinations including:
- Fixed Rate Home Loan
- Real Equity Home Loan
- Premium Plus Package Home Loan
- Intro Rate Home Loan
- Redraw services available
- Cost per redraw transaction apply
- Zero minimum redraw amount
- All funds can be redraw in advance
- Optional repayment holiday available
- Partial offset account available
- Loan portability available
Additional repayments are not penalised, so feel free to make irregular or regular periodic payments or large lump sum payments. If you have extra funds available in the home loan to cover the regular monthly repayments, you are able to take repayment holidays on your mortgage, but this will need to be pre-arranged.
Redraw access on available funds is an optional choice for home owners with this home loan. However, a redraw facility will need to be applied for as well as the relevant redraw fee will need to be paid.
A partial offset is available on the account which means that account holders will enjoy tax benefits as well as saving on interest.
The loan is portable: If you sell your existing property and want to use the same loan to pay off the newly purchased property the Real Deal Home Loan can accommodate this.
Eligibility Criteria
All applications will need to meat Newcastle Permanent credit approval criteria and these normally include:
- 18 years is the minimum age before any application will be considered
- Steady employment
- Stable residency
- Good credit records
- Proven track record of well managed creditor repayments
- Feasibility of repaying the home loan
Upon application, each applicant could be requested to submit the following documentation:
- Property details:
- Title deed copy
- Sale of contract
- Property plans
- Proof of identification
- Proof of revenue:
- Passbooks
- Other forms income or savings
- 2 to 3 most recent payslips
- Most recent tax return
- Statements of current liabilities
- Group certificates
As Newcastle Permanent adheres to responsible lending practices, the above mentioned documentation will assist the lending institution to determine whether or not you can indeed afford to repay the home loan.
How to apply for the Real Deal Home Loan and conclusion
Application is easy quick and easy with a user friendly online enquiry form, just fill out the enquiry form and a manager will contact you for further details.
Final Word
The Real Deal Home Loan from Newcastle Permanent is flexible, portable and easy to manage, and with the low interest rate and the current special offer that are available, it is a great option for any home buyer. For those who do not feel the Real Deal Home Loan is suitable for their unique personal circumstances, why not look at the large range of other hone loan products available from Newcastle Permanent?
Related posts:
- Newcastle Permanent Real Deal Home Loan
- Newcastle Permanent Real Options Home Loan
- Newcastle Permanent Real Equity
- Newcastle Permanent Intro Rate Home Loan
- Newcastle Permanent Real Equity Home Loan
- Newcastle Permanent Premium Variable Rate Home Loan
- Newcastle Permanent Intro Rate Home Loan
- Newcastle Permanent Home Loans and Mortgages
- Newcastle Permanent Fixed Rate Home Loan
- Newcastle Permanent Premium Plus Package Home Loan
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