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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%

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Friday, Jul 21, 2017
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