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Newcastle overhauls rates

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Newcastle Permanent has updated its interest rates effective this week – all are down with the lowest at 4.19% on its two-year fixed rate home loan.

The lender’s lowest rate for its Premium Plus Package – Variable Rate Loan is 4.62% for Tier 4 from 4.87%. The same package but under the Credit Facility product category has the lowest rate at 4.70% for its Tier 4.

Newcastle’s variable Real Deal Home Loan is down from 5.15% to 4.90%, while its Discounted Real Deal Variable Rate Loan also slipped from 4.90% to 4.65%.

Other rates are as follows:
 
Premium Plus Package – Variable Rate Loan Rate Comparison Rate
Tier 1 4.82% 5.16%
Tier 2 4.77% 5.12%
Tier 3 4.67% 5.02%
Tier 4 4.62% 4.97%
 
Premium Plus Package – Credit Facility Rate
Tier 1 4.90%
Tier 2 4.85%
Tier 3 4.75%
Tier 4 4.70%
 
Real Deal Home Loan Basic Rate Comparison Rate
Real Deal Variable Rate Loan 4.90% 4.94%
Discounted Real Deal Variable Rate Loan 4.65% 4.87%
 
Intro Rate Home Loan
 12 Month Introductory Package
Rate Comparison Rate
Intro Rate Home Loan 4.60% 5.27%
 
Real Options and Premium Variable Home Loans Rate Comparison Rate
Real Options Rate 5.30% 5.34%
Premium Variable Rate 5.52% 5.52%
 
Fixed Rate Home Loans Rate Comparison Rate
1-year 3.99% 5.21%
2-year 4.14% 5.12%
3-year 4.19% 5.04%
4-year 4.39% 5.02%
5-year 4.39% 4.95%
7-year 6.69% 6.13%
10-year 6.69% 6.35%

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

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Tuesday, Aug 22, 2017
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