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- Real Equity Credit Facility
Real Equity Credit Facility
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
9.19%
Comparison rate* p.a.
Real Equity Credit Facility
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
9.19%
Comparison rate* p.a.
Newcastle Permanent Variable Rate Home Loan overview
For Real Equity Credit Facility Home Loan
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
80%
Total repayments
Interest rate type
Variable
Borrowing range
$5k - $100m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
Target Market Determination
Visit Newcastle Permanent to view Target Market Determination.
Features
Extra repayments
Not Allowed
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$595
Application fee
$595
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$10
Discharge fee
$250
Pros and Cons
For Real Equity Credit Facility
Benefits
- Split account option
Drawbacks
- No extra repayments
- No redraw and no offset
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
