Newcastle Permanent Real Option Loan


The Newcastle Permanent Real Options Loan requires a low minimum deposit and comes with a number of flexible features. Borrowers are able to make repayments weekly, fortnightly, or monthly in line with their income cycle. They are also able to make additional repayments.

A redraw facility allows for the withdrawal of funds deposited towards repayments, in case that money is needed elsewhere. Borrowers are also able to take a holiday from their repayments if they stop working temporarily, however fees may apply.

The Real Options Loan provides some flexibility in terms of loan structure. Borrowers are able to split it with a Newcastle Permanent Fixed Loan, in order to enjoy the security of a fixed rate of interest as well as the flexibility of a variable rate. Borrowers are also able to offset their interest with a partial offset account.

The loan is portable, so that borrowers who need to move house will be able to take their mortgage with them. 

Who is the Newcastle Permanent Real Option Loan good for?

With its portability, additional repayments, and repayment holidays, the Newcastle Permanent Real Options Loan could suit borrowers who need a home loan that won't get in the way of life. Its partial offset account, split interest options, and additional repayments mean that it may also appeal to those who want to refinance quickly.

Review - What RateCity says

The Newcastle Permanent Real Options Loan combines a low minimum deposit with features designed to provide borrowers with flexibility and control. Its portability, lack of ongoing fees and low minimum deposit may be helpful to first time borrowers.

It also provides some useful tools for refinancing quickly in the form of additional repayments and a partial offset account that borrowers can use to offset their interest. Borrowers may also find the split interest rate options very appealing.

Newcastle Permanent Real Option Loan Options

The Newcastle Permanent Real Option Loan provides borrowers with a range of options, both for investment and personal use.

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  • Partial offset account.
  • Portable.
  • No ongoing fees.
  • Fees apply to redraw facility.
  • No 100 per cent offset.
  • Upfront fees apply.

Australian resident.

At least 18 years of age.

Minimum deposit.

Proof of income.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Estimated upfront fees: $0 - $595.00
  • Discharge fees: $250
  • Ongoing fees: $0

Borrowers signing up to the Newcastle Permanent Real Options Home Loan are charged no ongoing fees, but must pay a moderate establishment fee and moderate discharge fee due at the end of the loan. Fees also apply to use of the redraw facility.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Newcastle Permanent

Newcastle Permanent is the largest building society in Australia. It was founded in 1903.

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