Newcastle Permanent Premium Plus Package Home Loan
Many home loan providers allow you to add packages onto your loan for an added cost that can give you special discounts on your home loan. These packages are handy because you are able to choose the loan that suits you then add the standardised package onto the selected loan. The Newcastle Permanent Premium Plus Package Home loan is one of these additional packages. The Newcastle Permanent Premium Plus Package Home loan provides a home loan with a low variable rate with many additional features to help you save money when paying off your home loan.
Features of the Newcastle Permanent Premium Plus Package Home Loan
The Newcastle Permanent Premium Plus Package Home loan offers many features in addition to the low variable interest rate. These features are:
- Flexibility in your repayments. The Newcastle Permanent Premium Plus Package Home loan allows you to choose how you repay your loan. You can choose between weekly, fortnightly and monthly repayments. In addition to the above, you are able to pay the interest only portion of your repayments for a 5 year period. This is a great feature if you would like to free up some money for other expenditures for a period of time during the loan.
- You can make additional repayments. The Newcastle Permanent Premium Plus Package Home loan allows you to make additional repayments whenever you like. There is no charge on these payments as long as the loan is not paid in full in the first four years of the loan. If you do repay the loan in the first four years you will be charged an early payment fee. If you decide to take advantage of the additional repayment facility you can also redraw the money at any time. The Newcastle Permanent Premium Plus Package Home loan allows you to make as many redraws as you would like for no charge.
- Repayment holiday. If you make these additional payments you can use them to pay off the loan for a period of time. This is handy as it saves you the time of withdrawing the funds and frees up the money from your wages.
- Mortgage offset account. When repaying a Newcastle Permanent Premium Plus Package Home loan you can reduce the interest you pay by using a mortgage offset account. The mortgage offset account will allow you to offset 100% of the money in the account onto your loan. The interest that is then charged on the loan is calculated as if these funds have been paid onto the loan. This is a great way to reduce the interest you pay on the loan.
- Insurance discounts. The Newcastle Permanent Premium Plus Package Home loan allows you to get discounts on some of the insurance products 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.
The additional packages that can be added onto loans are a great way at reducing the total amount you pay on the loan. These additional packages often offer discounts on interest rates, additional features and free accounts. The Newcastle Permanent Premium Plus Package Home loan offers all of these while providing you with one of the best interest rates on the market. Please contact us to find out more about this home loan.
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
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 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 6.13% | 6.47% | $0 / $375 | 80% | $50,000 / $750,000 |
 
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 UBank UHomeLoan (Variable Rate) | One of the market leading variable interest rates. The maximum loan amount needs to be 80% of the property value. | 6.14% | 6.14% | $0 / $0 | 80% | $100,000 / $1,000,000 |
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 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.20% after 5 years. | 6.22% | 6.45% | $0 / $345 | 95% | $150,000 / $2,500,000 |
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