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Newcastle Permanent Real Deal Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $50,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $50,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan of at least $50,000 with an LVR below 95%

The details shown below are for an investor taking out a interest only loan of at least $50,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $50,000

  • Owner Occupier (Interest Only)

    LVR < 95%

    Loan: $50,000

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $50,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $50,000

Rate
2.49% p.a.
Comparison Rate
2.53% p.a.
Service fee
$0.00
Upfront fee
$595
Go to site
Rate
2.99% p.a.
Comparison Rate
3.03% p.a.
Service fee
$0.00
Upfront fee
$595
Rate
2.99% p.a.
Comparison Rate
2.77% p.a.
Service fee
$0.00
Upfront fee
$595
Rate
2.59% p.a.
Comparison Rate
2.63% p.a.
Service fee
$0.00
Upfront fee
$595
Go to site
Rate
2.79% p.a.
Comparison Rate
2.70% p.a.
Service fee
$0.00
Upfront fee
$595
Rate
3.60% p.a.variable for 36 months and then 3.85% p.a.
Comparison Rate
3.82% p.a.
Service fee
$0.00
Upfront fee
$595
Rate
4.09% p.a.variable for 36 months and then 4.34% p.a.
Comparison Rate
3.95% p.a.
Service fee
$0.00
Upfront fee
$595
Rate
4.19% p.a.
Comparison Rate
4.23% p.a.
Service fee
$0.00
Upfront fee
$595
Rate
4.64% p.a.
Comparison Rate
4.40% p.a.
Service fee
$0.00
Upfront fee
$595

Mozo editorial review Newcastle Permanent Real Deal Home Loan - last updated: 9 September 2021

binocular icon
What's hot
  • 2.59% variable rate (2.63% comparison rate*)
  • Free extra repayments
  • 2021 Mozo Experts Choice Award winner
What's not
  • Redraw fees apply
Mozo snapshot

Whether you’re buying your first home or are making your first investment, the last thing you want is to be tied up in fees and complicated loan features. That’s where the Newcastle Permanent Real Deal Home Loan comes in. Aside from a great, low rate, there’s zero application or service fees and you’ll have the flexibility to choose your repayment schedule, on either a weekly, fortnightly or monthly basis. 

key icon
Key features

Few fees. A low rate. No hassle. The real deal.

If you’re after a home loan that offers great flexibility, then look no further than the Newcastle Permanent Real Deal Home Loan. This low cost loan offers no ongoing service fees and no discharge fees, making it a great option for Aussies homeowners hoping to keep to a budget. However, when you first take out the loan you will need to budget for the application fee of $595. 

It is possible to borrow up to 95% of the property's value, however rates differ depending on your LVR. For borrowers with an 80% LVR or less, and a borrowing amount of at least $150,000 you’ll get a low 2.49% variable rate (2.53% comparison rate*). On the other hand, for LVR's between 80% and 95% the rate bumps up to 2.99% (3.03% comparison rate*). 

Also keep in mind, if you have an LVR greater than 80%, you'll have to pay Lenders Mortgage Insurance

If you wanted to lock in your rate for a while, there’s the option to split your loan with other Newcastle Permanent home loans. You’ll also be able to make as many extra repayments as you’d like, helping you shave off interest as well as have access to a redraw facility, however fees apply. And if you ever want to take a break from your repayments, there’s the option to take a repayment holiday.

Refinancing? The good news is if you are making the switch from another lender to Newcastle Permanent, you could take home $2,000 cashback. To be eligible you must apply by 17 December 2021 and be funded by 28 February 2022. 

snapshot
Who is it good for

The Newcastle Permanent Real Deal Home Loan is a great option for borrowers who want to keep fees to a minimum and want to put every dollar toward their loan.


question icon
Any catches

The Newcastle Permanent Real Deal Home Loan has very few fees, but if you do want to redraw on any extra repayments it will cost between $10 and $25 for each redraw.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.49% p.a.

n/a

n/a

n/a

2.53% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$150,000

none

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

3.03% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$150,000

none

80.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

2.77% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$150,000

none

none

80.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

n/a

n/a

n/a

2.63% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$150,000

none

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.79% p.a.

n/a

n/a

n/a

2.70% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

n/a

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$150,000

none

none

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.85% p.a.

3.60% p.a.

36 Months

Variable

3.82% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$50,000

none

none

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

4.34% p.a.

4.09% p.a.

36 Months

Variable

3.95% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$50,000

none

none

95.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

4.19% p.a.

n/a

n/a

n/a

4.23% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$50,000

none

none

95.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 17 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

4.64% p.a.

n/a

n/a

n/a

4.40% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$0.00

n/a

$0.00

$0.00

Other financial bits

$50,000

none

none

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - fees apply

$0.00

yes

no

Settlement fee is variable and depends on Solicitor costs. Redraw fee is $10 online and $25 through branch network.

none

$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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Latest reviews of Newcastle Permanent Real Deal Home Loan

About Newcastle Permanent

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.